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Cash Collections Analyst Jobs in Virginia (NOW HIRING)

Loan Analyst

Leesburg, VA · On-site

$70K - $79K/yr

Cash activity and collections * Cancellation and rehabilitation activity * Support year-end ... Analyze portfolio trends and identify areas for operational improvement * Develop tracking tools ...

Showing results 41-60

Cash Collections Analyst information

What does a cash collections analyst do?

A Cash Collections Analyst is responsible for managing and overseeing a company's incoming payments and ensuring that outstanding invoices are collected in a timely manner. They analyze accounts receivable data, communicate with clients about overdue payments, and work closely with the finance team to resolve any discrepancies. Their goal is to optimize cash flow and minimize the risk of bad debt by implementing effective collection strategies and maintaining strong customer relationships.

What are the key skills and qualifications needed to thrive as a cash collections analyst?

To thrive as a Cash Collections Analyst, you need strong analytical skills, attention to detail, and a background in finance or accounting, often supported by a bachelor’s degree. Familiarity with ERP systems like SAP or Oracle, proficiency in Excel, and experience using collections management software are typically required. Excellent communication, negotiation abilities, and problem-solving skills help build rapport with clients and resolve payment issues efficiently. These skills and qualities are crucial for optimizing cash flow, minimizing bad debt, and maintaining positive client relationships.

What are common challenges faced by cash collections analysts and how can they be addressed?

Cash Collections Analysts often encounter challenges such as managing overdue accounts, handling difficult customer conversations, and balancing a high volume of accounts. To address these, strong organizational skills, effective communication, and the ability to remain calm under pressure are crucial. Collaborating closely with sales and customer service teams also helps resolve disputes and maintain positive client relationships, ultimately improving collection rates and reducing outstanding balances.

What is the difference between Cash Collections Analyst vs Accounts Receivable Specialist?

AspectCash Collections AnalystAccounts Receivable Specialist
Primary FocusCollecting outstanding payments and managing overdue accountsManaging invoicing, billing, and recording payments
Skills & CertificationsFinancial analysis, communication skills, familiarity with collection softwareAccounting knowledge, attention to detail, proficiency in accounting software
Work EnvironmentFinance or accounting departments, often in corporate settingsFinance or accounting departments, often in corporate settings
Common UsageUsed by companies focusing on debt recovery and cash flow managementUsed by companies managing overall accounts receivable processes

The main difference is that a Cash Collections Analyst primarily focuses on recovering overdue payments and managing collections, while an Accounts Receivable Specialist handles invoicing, recording payments, and maintaining customer accounts. Both roles require financial knowledge and work within similar environments, but their core responsibilities differ in scope and focus.

What cities in Virginia are hiring for Cash Collections Analyst jobs?

Cities in Virginia with the most Cash Collections Analyst job openings:

Oracle Cloud Financials Analyst

Technocrafts, Inc.

Arlington, VA • On-site

$69.25 - $95.25/hr

Other

Posted 22 days ago


Job description

Basic Qualifications 

  • Bachelor’s degree in Information Technology, Engineering, Finance, Accounting, or a related field from an accredited, not-for-profit, in-person college or university. 
  • A track record of commitment to prior employers. 
  • 8+ years of professional IT experience. 
  • 5+ years of hands-on experience with Oracle Cloud ERP or Oracle E-Business Suite, including: 
  • Functional configuration of Oracle Receivables, Advanced Collections, Revenue Management, and Cash Management 
  • Business systems analysis and requirements documentation 
  • Managing and resolving Oracle service requests 
  • Strong business process re-engineering and documentation expertise; Visio process mapping experience required. 
  • Advanced proficiency with Microsoft Office tools, including Word, Excel, PowerPoint, and Copilot. 
  • Exceptional analytical skills with the ability to translate business requirements into functional and technical specifications.