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Collections Jobs in Elgin, IL (NOW HIRING)

CFS

Collections Specialist

Itasca, IL

$18 - $24.25/hr

Collections Specialist About the Opportunity Our client is looking for a Collections Specialist to join a fast-paced team handling late-stage commercial accounts . This role focuses on resolving ...

CFS

Collections Specialist

Itasca, IL · On-site

$18 - $24.25/hr

Collections Specialist Take ownership of complex, high-risk accounts where your collections strategy and problem-solving skills truly make an impact. This is a great opportunity to move beyond basic ...

CFS

Collections Specialist

Highland Park, IL · On-site

$18.75 - $25.50/hr

Collections Specialist Looking for a flexible, part-time accounting role where you can make an immediate impact? This is a great opportunity to step into a hands-on collections position with minimal ...

RR Donnelley

Collections Associate

Warrenville, IL · On-site +1

$17.74/hr

This involves getting all billing admins and Billing Attorneys to focus on collections, to include follow- up. Location: Remote Shift: Mon-Fri, 10am - 7pm Job duties (* denotes an "essential function"

RR Donnelley

Collections Associate

Warrenville, IL · Remote

$17.74/hr

This involves getting all billing admins and Billing Attorneys to focus on collections, to include follow- up. Location: Remote Shift: Mon-Fri, 10am - 7pm Job duties (* denotes an "essential function"

Reveal Brainspace

Collections Specialist

Chicago, IL · Hybrid

$51K - $60K/yr

Collections Specialist Reports To : Sr Financial Analyst Location :Chicago, IL Job Overview: We are seeking a detail-oriented and proactive Collections Analyst to join our finance team. The ideal ...

Reveal

Collections Specialist

Chicago, IL · On-site

$51K - $60K/yr

Collections Specialist Reports To : Sr Financial Analyst Location : Chicago, IL Job Overview: We are seeking a detail-oriented and proactive Collections Analyst to join our finance team. The ideal ...

Addison Group

Collections Specialist

Vernon Hills, IL · On-site

$24 - $26/hr

Collections Specialist Location: Buffalo Grove, Illinois Assignment Type: 6 month contract with the possibility of extensions Compensation: $24.00 - $26.00 / Hourly depending on experience Benefits:

TOPS Products

Credit & Collections Analyst

Naperville, IL · On-site

$25.91 - $34.50/hr

Credit & Collections Analyst Position Summary The Credit & Collections Analyst is responsible for managing customer credit risk while driving the timely collection of outstanding receivables. This ...

Accendra

Supervisor, Credit & Collections

Downers Grove, IL · On-site +1

$60K - $111K/yr

Position Overview The Credit & Collections Supervisor is responsible for leading and managing a team of collectors to ensure timely and effective collection of outstanding accounts within the health ...

City of Chicago

COLLECTIONS REPRESENTATIVE

Chicago, IL · On-site

$51K/yr

Collections Representative Department of Finance (Accounts Receivable) Number of Positions: 1 (Additional vacancies possible pending budget approval) Starting Salary: $51,936 This position is open to ...

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All JobsCollections JobsCollections Jobs in Elgin, IL

Collections information

See Elgin, IL salary details

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How much do collections jobs pay per hour?

As of Jul 26, 2026, the average hourly pay for collections in Elgin, IL is $21.22, according to ZipRecruiter salary data. Most workers in this role earn between $17.60 and $23.75 per hour, depending on experience, location, and employer.

What are collections jobs?

Collections jobs involve contacting individuals or businesses to recover overdue payments on accounts, loans, or other debts. Professionals in collections work for banks, credit card companies, medical institutions, or third-party agencies to negotiate repayment plans and ensure compliance with financial agreements. They must communicate clearly, maintain accurate records, and adhere to legal and ethical guidelines. Strong interpersonal and problem-solving skills are essential for success in this field.

What is the difference between Collections vs Credit Analyst?

AspectCollectionsCredit Analyst
Required CredentialsHigh school diploma or equivalent; some roles may require collections certificationsBachelor's degree in finance, economics, or related field; certifications like CFA are common
Work EnvironmentCollections departments, call centers, financial institutionsBanking, finance firms, credit departments
Employer & Industry UsageUsed by lenders, credit card companies, collection agenciesUsed by banks, credit bureaus, financial institutions
Common Search & Comparison IntentUnderstanding debt recovery rolesAssessing credit risk and financial analysis

Collections focuses on recovering overdue payments and managing delinquent accounts, often involving direct contact with debtors. Credit Analysts evaluate the creditworthiness of individuals or companies to determine lending risks. While both roles are within the financial industry, Collections emphasizes debt recovery, whereas Credit Analysts focus on risk assessment and credit approval processes.

What is a collection job description?

A collections job involves contacting individuals or businesses to recover overdue payments on accounts or loans. Collectors often use communication skills, negotiation, and may work with specialized software to track accounts and document interactions. The role typically requires attention to detail and adherence to legal and company policies.

What are some common challenges faced in a Collections role, and how can they be effectively managed?

Collections professionals often encounter challenges such as handling difficult conversations with customers, meeting monthly collection targets, and staying compliant with legal regulations. Effective management of these challenges involves strong communication skills, empathy, and the ability to negotiate payment plans that work for both the client and the company. Additionally, collaborating closely with other departments like customer service and accounting can help resolve disputes and ensure a positive customer experience while maintaining cash flow.

What are the key skills and qualifications needed to thrive in a Collections role, and why are they important?

To thrive in a Collections role, you need strong negotiation, communication, and analytical skills, often supported by a high school diploma or equivalent. Familiarity with customer relationship management (CRM) software, collections databases, and basic accounting systems is typically required. Persistence, empathy, and problem-solving abilities help build rapport with clients and resolve payment issues effectively. These skills are essential for recovering outstanding debts while maintaining positive customer relationships and adhering to legal guidelines.

How can I make 2000 a week working from home?

A collections specialist can potentially earn $2,000 a week by working full-time, often requiring strong communication skills, attention to detail, and experience with debt recovery processes. Achieving this income may involve handling high-volume accounts, working overtime, or earning performance-based bonuses. Building expertise in negotiation and using collection software can also improve earning potential.

What jobs pay 4000 a week without a degree?

In collections, high-paying roles such as senior debt collectors or specialized recovery agents can earn around $4,000 weekly, especially with experience and performance-based bonuses. These positions often require strong negotiation skills, industry knowledge, and sometimes certifications, but typically do not require a college degree. Earnings depend on the employer, location, and individual performance.

What is the highest paying collection job?

The highest paying collection jobs are often senior or managerial roles such as Collections Manager or Debt Recovery Director, which can earn six-figure salaries. These positions typically require extensive experience, strong negotiation skills, and knowledge of industry regulations. Compensation varies based on location, company size, and individual performance.
What are the most commonly searched types of Collections jobs in Elgin, IL? The most popular types of Collections jobs in Elgin, IL are:
What are popular job titles related to Collections jobs in Elgin, IL? For Collections jobs in Elgin, IL, the most frequently searched job titles are:
What job categories do people searching Collections jobs in Elgin, IL look for? The top searched job categories for Collections jobs in Elgin, IL are:
What cities near Elgin, IL are hiring for Collections jobs? Cities near Elgin, IL with the most Collections job openings:
Collections jobs near you
Infographic showing various Collections job openings in Elgin, IL as of July 2026, with employment types broken down into 82% Full Time, 15% Part Time, 1% Temporary, and 2% Contract. Highlights an 93% Physical, 3% Hybrid, and 4% Remote job distribution, with an average salary of $44,133 per year, or $21.2 per hour.
Collections Specialist

Collections Specialist

CFS

Itasca, IL

$18 - $24.25/hr

Full-time

Posted 11 days ago

Job description

Collections Specialist
About the Opportunity

Our client is looking for a Collections Specialist to join a fast-paced team handling late-stage commercial accounts. This role focuses on resolving higher-risk accounts through communication, problem-solving, and strategic follow-up.

This is a great opportunity for someone who enjoys taking ownership of accounts and making a direct impact.

Key Responsibilities for the Collections Specialist
  • Manage a portfolio of approximately 100 highly delinquent accounts (200+ days past due)
  • Make 30–50 outbound calls daily to customers regarding outstanding balances
  • Negotiate payment arrangements and drive account resolution
  • Escalate accounts to legal or repossession when appropriate
  • Perform research and skip tracing to locate customers
  • Prioritize accounts based on exposure and risk
  • Maintain accurate documentation of all account activity
Qualifications for the Collections Specialist
  • Experience in collections or high-volume customer service
  • Ability to handle challenging conversations professionally
  • Strong problem-solving skills and initiative
  • Ability to manage a full workload independently
Preferred Experience for the Collections Specialist
  • Background in commercial collections, equipment finance, or transportation industries
  • Exposure to repossession or legal escalation processes
What We’re Looking For
  • Strong communicator and people-oriented professional
  • Someone who takes initiative and ownership of their work
  • Comfortable working in a fast-paced, high-volume environment
  • Reliable and team-oriented
Why This Role?
  • Work on complex, high-impact accounts (not basic consumer collections)
  • Supportive, laid-back team environment
  • Opportunity for long-term or permanent placement
  • Positive office culture with a collaborative atmosphere
#INMAY2026

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