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Collection Strategy Jobs in Illinois (NOW HIRING)

City Colleges of Chicago

Data Strategist

Chicago, IL

$70K - $72K/yr

DATA STRATEGIST OLIVE-HARVEY COLLEGE Olive-Harvey College is seeking a Data Strategist. The Office ... Support development of district/college-wide data collection, analysis and dissemination of ...

City Colleges of Chicago

Data Strategist

Chicago, IL · On-site

$70K - $72K/yr

DATA STRATEGIST OLIVE-HARVEY COLLEGE Olive-Harvey College is seeking a Data Strategist. The Office ... Support development of district/college-wide data collection, analysis and dissemination of ...

Lindenwood

Strategist, Study Abroad Programs

Campus, IL

$118K - $153K/yr

Strategist, Study Abroad Programs Division: Academic Affairs Evaluation Group: Staff FLSA Status ... Assists in the collection, tabulation, and analysis of outcomes data related to study abroad and ...

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All JobsCollection Strategy JobsCollection Strategy Jobs in Illinois

Collection Strategy information

See Illinois salary details

$52.3K

$97.8K

$145.4K

How much do collection strategy jobs pay per year?

As of Jul 14, 2026, the average yearly pay for collection strategy in Illinois is $97,771.00, according to ZipRecruiter salary data. Most workers in this role earn between $64,400.00 and $130,800.00 per year, depending on experience, location, and employer.

What is collection strategy?

Collection strategy refers to the methods and processes organizations use to recover outstanding debts from customers or clients. It involves planning, implementing, and optimizing actions to ensure timely payment while maintaining good customer relationships. A strong collection strategy may include segmentation of accounts, use of technology for tracking, and tailored communication approaches. The goal is to minimize unpaid balances and reduce financial risk for the business.

What other jobs can I pivot to after working in collections?

After working in collections, roles such as credit analyst, accounts receivable specialist, or financial analyst are common pivots, as they utilize skills in debt management, financial analysis, and customer communication. These positions often require knowledge of financial software and strong negotiation skills, making them suitable options for career advancement.

What is the difference between Collection Strategy vs Collections Analyst?

AspectCollection StrategyCollections Analyst
Required CredentialsTypically a bachelor's degree in finance, business, or related fieldSame as Collection Strategy, often with certifications like CPA or CFA
Work EnvironmentStrategic planning teams, corporate officesCollections departments, financial institutions
Employer & Industry UsageUsed across industries for debt management planningPrimarily in banking, finance, and credit companies
Search & Comparison IntentFocuses on developing collection approaches and policiesFocuses on executing collection activities and recovering debts

While Collection Strategy involves planning and developing methods to optimize debt collection processes, Collections Analysts focus on executing these strategies by contacting debtors and recovering owed funds. Both roles require similar educational backgrounds and are integral to financial institutions' debt management efforts, but they differ in scope and daily responsibilities.

How does a Collection Strategy professional typically collaborate with other departments to optimize debt recovery processes?

Collection Strategy professionals frequently work cross-functionally with teams such as risk management, customer service, legal, and analytics to develop and refine approaches for debt recovery. They analyze customer data and payment behaviors, then coordinate with analytics teams to design effective segmentation and outreach strategies. Additionally, they work closely with legal and compliance departments to ensure all collection tactics adhere to regulations and company policies. This collaborative approach ensures that collection efforts are both efficient and customer-focused, while minimizing risk for the organization.

What is a collection strategy?

A collection strategy in a job context refers to a plan or approach used to recover outstanding payments or assets from customers or clients. It involves setting policies, procedures, and tools to efficiently manage accounts receivable, often requiring skills in negotiation, data analysis, and familiarity with collection software. Effective strategies help minimize losses and improve cash flow for organizations.

What are the key skills and qualifications needed to thrive in Collection Strategy, and why are they important?

To thrive in Collection Strategy, you need strong analytical skills, knowledge of credit and debt management, and often a background in finance or business. Familiarity with collection management systems (CMS), data analytics tools, and relevant compliance certifications such as CFPB or FDCPA is typically required. Excellent negotiation, problem-solving, and communication skills help professionals stand out in managing debtor relationships and developing effective strategies. These skills are crucial for maximizing recovery rates while maintaining compliance and positive client relationships.

What is the highest paying collection job?

The highest paying collection jobs are typically senior roles such as Collections Manager or Debt Recovery Director, which can offer salaries exceeding $80,000 annually. These positions often require extensive experience, strong negotiation skills, and knowledge of debt collection laws and compliance standards.

What jobs pay 500,000 a year in the US?

In the field of collection strategy, high-paying roles such as senior collections director or chief collections officer can reach or exceed $500,000 annually, especially in large organizations or financial institutions. These positions typically require extensive experience, leadership skills, and often involve overseeing large teams and complex debt recovery processes.
What are popular job titles related to Collection Strategy jobs in Illinois? For Collection Strategy jobs in Illinois, the most frequently searched job titles are:
What job categories do people searching Collection Strategy jobs in Illinois look for? The top searched job categories for Collection Strategy jobs in Illinois are:
Collection Strategy jobs near you
Senior Consultant - Regulatory Strategy

Senior Consultant - Regulatory Strategy

Guidehouse

Chicago, IL • On-site

$89K - $148K/yr

Full-time

Medical, Dental, Vision, Life, Retirement

Re-posted 5 days ago

Guidehouse rating

7.5

Company rating: 7.5 out of 10

Based on 26 frontline employees who took The Breakroom Quiz

37th of 58 rated business consultants

Job description

Job Family:

Risk & Regulatory Compliance Consulting


Travel Required:

Up to 25%


Clearance Required:

None
Job Posting

What You Will Do:

Senior Consultant-Regulatory Strategy owns client engagements from cultivation to completion. In this role, you will be accountable for the activities of the project team and support the day-to-day management of the client relationship. Senior Consultant-Regulatory Strategy is expected to effectively develop and manage work plans, staffing, deadlines and budgets for multiple complex projects simultaneously. Work products are expected to be high-quality and client-ready. In this visible role, you will lead team meetings, and guide, manage, and coach consultants by providing constructive feedback on project participation and overall career development. Senior Consultant-Regulatory Strategy works closely with Directors and Partners to keep them abreast of project progress and important developments.

In thisrole, you will be working in a Solutions team at Guidehouse to support the Regulatory Pricing and Strategy solution. Your role on this team will be to lead regulatory projects with utility clients, including rate case activities, long-term strategic planning, regulatory support for infrastructure initiatives, and support in policy-making dockets. This role also supports retail rate design for utility clients, including modern pricing for new customer programs such as DERs, EVs, net energy metering and others as well as traditional power and water rate design.

Responsibilities:

  • Assist in the development and utilization of analytical models to conduct cost of service studies and design rates, including rates for new customer programs such as DERs and EVs.

  • Presenting new rates and programs to stakeholders, including executive leadership, governing bodies, and regulators.

  • The ability to assume complete ownership of significant projects is essential.

  • Strong project management skills.

  • Experience in performing data collection, manipulation, and analyses, which may involve spreadsheet and database creation and management.

  • Conducting detailed fact finding, research, and analysis through web-based research including AI tools, and interviews on regulatory policies and filings and market trends.

  • Supporting the assessment and development of business strategies, organizational structures, and business processes for energy-related organizations.

  • Communicating solutions, strategies, and analysis to clients through reports, presentations, and other documents for internal/external client use.


What You Will Need:

  • Must be a US Citizen or US Permanent Resident due to nature of client engagements.

  • Senior Consultant - Bachelor's degree AND Three (3) - Five (5) years of post-graduation work experience in a related energy or electric utilities field (e.g. utility finance, pricing / rates, regulatory support); Or Master's degree AND One (1) - Three (3) years of post-graduation work experience in a related energy or electric utilities field (e.g. utility finance, pricing / rates, regulatory support).

  • Managing Consultant - Bachelor's degree AND Five (5) - Seven (7) years of post-graduation work experience in a related energy or electric utilities field (e.g. utility finance, pricing / rates, regulatory support); Or Master's degree AND Three (3) - Five (5) years of post-graduation work experience in a related energy or electric utilities field (e.g. utility finance, pricing / rates, regulatory support).

  • Demonstrated knowledge of and interest in energy utility policy, regulation and ratemaking.

  • Outstanding analytical and problem-solving skills.

  • Ability to communicate data analytics, data modeling, and visualization to lay audiences.

  • Proactive and independent work style.

  • Excellent verbal and written communication skills.

  • Demonstrated proficiency with researching energy policy and regulatory, spreadsheets, databases, word processing, and slide presentation software.

  • Ability to travel.

  • Ability to work onsite in a Guidehouse Office or Client Office location.


What Would Be Nice To Have:

  • Preference will be given to candidates within reasonable driving distance of a core Guidehouse Office or Client Office location.

  • Master's degree in business, policy, environmental, economics, finance, engineering, science and/or related discipline.

  • Post graduation work experience in Cost of Service and Rate Design for electric utilities.

  • Prior experience developing corporate business strategy and/or regulatory strategy.

  • Demonstrated knowledge of federal energy regulation including FERC.

  • Experience working in electric utility finance/rates department.

  • Experience as expert witness on utility rate and program design.

#LI-DNI

The annual salary range for this position is $89,000.00-$148,000.00. Compensation decisions depend on a wide range of factors, including but not limited to skill sets, experience and training, security clearances, licensure and certifications, and other business and organizational needs.


What We Offer:

Guidehouse offers a comprehensive, total rewards package that includes competitive compensation and a flexible benefits package that reflects our commitment to creating a diverse and supportive workplace.

Benefits include:

  • Medical, Rx, Dental & Vision Insurance

  • Personal and Family Sick Time & Company Paid Holidays

  • Position may be eligible for a discretionary variable incentive bonus

  • Parental Leave and Adoption Assistance

  • 401(k) Retirement Plan

  • Basic Life & Supplemental Life

  • Health Savings Account, Dental/Vision & Dependent Care Flexible Spending Accounts

  • Short-Term & Long-Term Disability

  • Student Loan PayDown

  • Tuition Reimbursement, Personal Development & Learning Opportunities

  • Skills Development & Certifications

  • Employee Referral Program

  • Corporate Sponsored Events & Community Outreach

  • Emergency Back-Up Childcare Program

  • Mobility Stipend

About Guidehouse

Guidehouse is an Equal Opportunity Employer-Protected Veterans, Individuals with Disabilities or any other basis protected by law, ordinance, or regulation.

Guidehouse will consider for employment qualified applicants with criminal histories in a manner consistent with the requirements of applicable law or ordinance including the Fair Chance Ordinance of Los Angeles and San Francisco.

If you have visited our website for information about employment opportunities, or to apply for a position, and you require an accommodation, please contact Guidehouse Recruiting at 1-571-633-1711 or via email at RecruitingAccommodation@guidehouse.com. All information you provide will be kept confidential and will be used only to the extent required to provide needed reasonable accommodation.

All communication regarding recruitment for a Guidehouse position will be sent from Guidehouse email domains including @guidehouse.com or guidehouse@myworkday.com. Correspondence received by an applicant from any other domain should be considered unauthorized and will not be honored by Guidehouse. Note that Guidehouse will never charge a fee or require a money transfer at any stage of the recruitment process and does not collect fees from educational institutions for participation in a recruitment event. Never provide your banking information to a third party purporting to need that information to proceed in the hiring process.

If any person or organization demands money related to a job opportunity with Guidehouse, please report the matter to Guidehouse's Ethics Hotline. If you want to check the validity of correspondence you have received, please contact recruiting@guidehouse.com. Guidehouse is not responsible for losses incurred (monetary or otherwise) from an applicant's dealings with unauthorized third parties.

Guidehouse does not accept unsolicited resumes through or from search firms or staffing agencies. All unsolicited resumes will be considered the property of Guidehouse and Guidehouse will not be obligated to pay a placement fee.

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