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Collections Manager Jobs in Elgin, IL (NOW HIRING)

Brilliant Financial Staffing - IL

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Credit & Collections Specialist

Schaumburg, IL · On-site

$25 - $28/hr

Credit & Collections Specialist Location : Schaumburg, IL Salary Range : $25-28/hour Benefits : Medical, Dental, Vision Role Overview : Brilliant Financial Staffing has been engaged in the search for ...

KEYENCE

Collections Specialist

Itasca, IL · On-site

$68K/yr

Join KEYENCE as a Collections Specialist Location: Keyence U.S. Headquarters - Itasca, IL Total Compensation (Base + Bonus): $68,281 What You'll Do As a Collection Specialist you will be responsible ...

OSP LP

MORTGAGE COLLECTIONS SPECIALIST

Palatine, IL · On-site

$18.50 - $25.25/hr

The position primarily manages delinquent accounts through approximately 90 days delinquent and coordinates referral of appropriate accounts to the Loss Mitigation department when additional ...

Gallagher

Collections Specialist

Rolling Meadows, IL

$18.50 - $25.25/hr

Whether you're managing claims, supporting clients, or improving processes, you'll play a vital ... The Collections Specialist will be responsible for managing and executing collection activities to ...

OSP LP

MORTGAGE COLLECTIONS SPECIALIST

Palatine, IL · On-site

$18.50 - $25.25/hr

The position primarily manages delinquent accounts through approximately 90 days delinquent and coordinates referral of appropriate accounts to the Loss Mitigation department when additional ...

VieMed

Accounts Receivable Specialist

Dekalb, IL · On-site

$17/hr

Reports all concerns or issues directly to Collections Manager and Supervisor Requirements: * Must be able to read accounting payment ledger as well as EOB (Explanation of Benefits) * Understand ...

Keyence Corporation

Collections Specialist

Itasca, IL · On-site

$68K/yr

Join KEYENCE as a Collections Specialist Location: Keyence U.S. Headquarters - Itasca, IL Total Compensation (Base + Bonus): $68,281 What You'll Do As a Collection Specialist you will be responsible ...

octavegroup

Credit & Collections Specialist

Schaumburg, IL · Hybrid

$18.25 - $24.50/hr

Collections Specialist Location: Schaumburg, IL | Hybrid - up to 50% remote Your mission at ... You'll have the independence to manage your accounts while being part of a collaborative Finance ...

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All JobsCollections JobsCollections Manager JobsCollections Manager Jobs in Elgin, IL

Collections Manager information

See Elgin, IL salary details

$30.6K

$58K

$107.7K

How much do collections manager jobs pay per year?

As of Aug 16, 2026, the average yearly pay for collections manager in Elgin, IL is $58,047.00, according to ZipRecruiter salary data. Most workers in this role earn between $40,000.00 and $64,700.00 per year, depending on experience, location, and employer.

How does a collections manager typically collaborate with other departments to improve recovery rates?

A Collections Manager often works closely with teams such as customer service, sales, and finance to streamline the collections process and address payment issues more effectively. By sharing insights on overdue accounts and payment trends, they help these departments identify potential risks earlier and implement proactive solutions. Collaboration can also involve developing payment plans tailored to client needs, resolving disputes, and ensuring all communications align with company policies. This teamwork is essential for maximizing recovery rates while maintaining strong customer relationships.

What are the key skills and qualifications needed to thrive as a collections manager, and why are they important?

To thrive as a Collections Manager, you need expertise in debt recovery strategies, financial analysis, and a background in finance or accounting, often supported by a bachelor’s degree. Familiarity with collections management software, CRM systems, and relevant regulations such as FDCPA is typically expected. Exceptional negotiation, leadership, and conflict-resolution skills help you manage teams and communicate effectively with clients. These abilities ensure effective recovery of outstanding debts while maintaining compliance and positive customer relationships.

How much do collections managers make?

Collections managers typically earn a median annual salary of around $60,000 to $80,000, depending on experience, industry, and location. In larger markets, such as major cities, salaries can be higher, often exceeding $90,000 for experienced professionals. Compensation may also include bonuses and benefits related to debt recovery and financial management skills.

What does a collections manager do?

A collections manager oversees the process of collecting payments from customers or clients, ensuring accounts are paid on time. They coordinate with debtors, monitor overdue accounts, and may use collection software or tools to manage the process efficiently. Strong communication skills and knowledge of financial regulations are important in this role.
More about Collections Manager jobs

What are the most commonly searched types of Collections jobs in Elgin, IL?

The most popular types of Collections jobs in Elgin, IL are:

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For Collections Manager jobs in Elgin, IL, the most frequently searched job titles are:

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Cities near Elgin, IL with the most Collections Manager job openings:

Collections Manager jobs near you
Infographic showing various Collections Manager job openings in Elgin, IL as of August 2026, with employment types broken down into 1% As Needed, 82% Full Time, 15% Part Time, 1% Contract, and 1% Nights. Highlights an 93% Physical, 3% Hybrid, and 4% Remote job distribution, with an average salary of $58,047 per year, or $27.9 per hour.

Subrogation Collections Specialist

ARM Strong Receivables Management, Inc.

Itasca, IL • On-site, Remote

$17 - $19/hr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

This job post has expired today. Applications are no longer accepted.

Job description

ARMStrong Insurance Services is the leading and most trusted name in the world of debt recovery and financial solutions. With a track record of excellence and reliability, we have proudly served businesses across various industries for decades, ensuring efficient B2B collections and tailored debt recovery solutions. As the parent company, ARMStrong is proud to own and operate Brown & Joseph, Paragon, and SubroIQ, each a powerhouse in its own right, providing specialized expertise in debt management and financial services.
SubroIQ is seeking a Subrogation Specialist as we continue to grow our team! This position includes collecting outstanding balances, providing needed documentation, coordinating the resolution of disputed invoices, and escalating high-risk customer accounts when necessary.
Job Responsibilities:
  • Communicate with businesses via the telephone and written correspondence
  • Complete activities such as phone calls, internet searches, third-party report reviews, etc., to obtain reliable contact information
  • Maintain minimum account work standards as assigned by Management.
  • Negotiate claims' resolution with insurance carriers, attorneys, and responsible parties
  • Establish agreements for lien releases
  • Establish monthly payment contracts
  • Prepare investigative correspondence
  • Acquire background information, when necessary
Job Requirements:
  • 1 year of 3rd party collections and/or subrogation experience required
  • Exercise independent judgment
  • Negotiate settlements
  • Basic proficiency with Microsoft Office, data entry, and strong computer skills, Excel preferred
  • Critical Thinker
  • Strong attention to detail and goal-oriented
  • Ability to deescalate adverse situations
  • Strong interpersonal, communication, and organizational skills
  • Dependability
  • Customer Service experience is required
Compensation and Benefits:
  • $17-19 (DOE) per hour plus commission
  • Benefits package with health, dental, vision, life, and disability coverage options
  • 401(k) retirement plan option with company matching
  • Generous paid time off policy - start with 18 days per year
  • Paid holidays immediately upon hire - 7 standard holidays & 2 floating holidays of your choice

We look forward to you joining our team!
ARMStrong Insurance Services is an Equal Opportunity Employer. We do not discriminate on the basis of race, color, religion, marital status, age, national origin, ancestry, physical or mental disability, medical condition, pregnancy, genetic information, gender, sexual orientation, gender identity or expression, veteran status, or any other status protected under federal, state, or local law.
ARMStrong Insurance Services Terms and Conditions: Terms and Conditions - ARMStrong Insurance Services
ARMStrong Insurance Services Privacy Policy: https://armstrong-is.com/privacy-policy/

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