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Third Party Collections Jobs in Chicago, IL (NOW HIRING)

Collections Specialist

Villa Park, IL ยท On-site

$25 - $32/hr

What you'll be doing We are seeking a professional Collections Specialist to join our Accounts ... with third party collection agencies. * Manage vendor relationships with external credit ...

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Third Party Collections information

See Chicago, IL salary details

$11

$19

$28

How much do third party collections jobs pay per hour?

As of Aug 17, 2026, the average hourly pay for third party collections in Chicago, IL is $19.70, according to ZipRecruiter salary data. Most workers in this role earn between $16.83 and $21.78 per hour, depending on experience, location, and employer.

What is the difference between Third Party Collections vs Debt Collector?

AspectThird Party CollectionsDebt Collector
CredentialsOften requires knowledge of debt laws, communication skillsSimilar; may need licensing depending on jurisdiction
Work EnvironmentTypically employed by collection agencies or companiesUsually employed by collection agencies or as independent agents
Industry UsageCommon in finance, healthcare, telecom sectorsUsed across various industries for debt recovery
Search & ComparisonOften compared for roles in debt recovery and collectionsRelated but more focused on individual debt recovery efforts

Third Party Collections and Debt Collector roles are closely related, both involve recovering unpaid debts. Third Party Collections generally refers to professionals working for agencies that handle debts on behalf of creditors, requiring specific skills and sometimes licensing. Debt Collectors may work directly for creditors or agencies, focusing on contacting debtors to recover owed amounts. While similar, Third Party Collections roles often involve more formal processes and compliance standards.

What job categories do people searching Third Party Collections jobs in Chicago, IL look for?

The top searched job categories for Third Party Collections jobs in Chicago, IL are:

What cities near Chicago, IL are hiring for Third Party Collections jobs?

Cities near Chicago, IL with the most Third Party Collections job openings:

Subrogation Collections Specialist

ARMStrong Insurance Services

Itasca, IL โ€ข Remote

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 27 days ago


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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