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Assistant collections manager skills for your resume and career
15 assistant collections manager skills for your resume and career
1. Customer Service
Customer service is the process of offering assistance to all the current and potential customers -- answering questions, fixing problems, and providing excellent service. The main goal of customer service is to build a strong relationship with the customers so that they keep coming back for more business.
- Led customer service initiative and achieved marketing goals by communicating with customers daily via telephone.
- Help manage staff of 15 customer service/collections representatives.
2. Loan Applications
A loan application is a form of request presented by a person to a financial institution for the approval of a loan. This application form carries detailed information regarding the petitioner's identification information, financial competence, and sources of income that indicate whether he can return the loan back or not.
- Assisted with high call volume, Taking and processing loan applications, Followed up with delinquent customers in and out bound
- Prepare project budget and evaluate the project plans submitted by Developers for loan application for approval / rejection.
3. Customer Satisfaction
- Maximize revenue by developing and executing regular sales plans with a goal of total customer satisfaction.
- Conflict resolution including returning customer calls, waiving late fees, customer satisfaction.
4. Delinquent Accounts
A delinquent account is an account wherein there are many past-due funds.
- Recovered balances for delinquent accounts which entailed negotiating appropriate settlement offers and repayment plans, when collection representative were unsuccessful.
- Prepared delinquent accounts to proceed in legal action and submit necessary legal documentation to courts.
5. Past Due Accounts
A credit card account in a bank or any other financial association that is past due in payment is called a past due account. Past due account holders are required to recompense their scheduled payments to the bank or their creditor. The more credit account holders are due, the more they are compelled by their lender to make the payment.
- Account management: Assist in maintaining accurate records of customer activity, to include current and past due accounts.
- Provide customers with assistance on cash and title loans, take payments, collect on past due accounts.
6. Credit Card
A type of card issued by banks and other financial institutions, that enable users to manage and borrow their finances is called a credit card. The funds borrowed from a financial institution through a credit card are meant to be paid back along with certain amounts of interest imposed by the bank.
- Collected outstanding 3rd party accounts for credit card debt and managed 8 team members to ensure the proper protocols were adhered.
- Reviewed credit card applications and customer payment history using sound judgment, while reopening and closing established credit card accounts.
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- Enforce guidelines of FDCPA (Fair Debt Collections Practice Act) to promote fair debt collection and protect rights of consumers.
- Monitored collection calls to ensure that FDCPA, PA Code 303 was adhered to.
8. Debt Repayment
Debt is an amount of money borrowed by one party from another. Repayment is the act of giving back money that was previously borrowed from a lender. Failure to maintain debt repayments may lead to a series of credit issues including forced bankruptcy, heightened charges due to late payments, and negative fluctuations to an individual's credit rating.
- Arrange for debt repayment or estabilsh repayment schedules, base on customersfinancial situations.
- Established and monitored gradual debt repayment schedules based on customers' financial circumstances.
9. Bank Deposits
Any money that a customer chooses to leave with their bank account is a deposit. Deposits can vary in amounts and different banks have limits on the deposits their customers can have as a minimum. Banks charge customers for deposits especially when a teller is used by the customer to deposit money into their account.
- Filed appeals for denied claims and ran financial reports and made bank deposits daily.
- Make bank deposits and maintain an accurate in balance cash drawer daily.
10. Payment Arrangements
- Assisted delinquent customers with payment arrangements and other options to bring payments current.
- Estimate deposit requirements, determine patient liability, establish payment arrangements and monitor payment agreements with Business Office.
11. Customer Accounts
- Assist with electronic debits against customer accounts and use Microsoft Excel to balance Daily Cash Journals for the accounting department.
- Receive, track, and post all payments and fees to customer accounts in compliance with company policies.
12. Outbound Calls
An outbound call is made by the call center representative to the customers on behalf of the company. Such calls help increase sales and generate revenue for the organization.
- Administered in-bound/outbound calls to customers relating to past due auto, Business, Consumer, and Employee loans.
- Managed a high volume of inbound and outbound calls pertaining to customer inquiries and collections.
13. Collection Efforts
In general, collection efforts referr to the process of collecting specific objects. The object can be tangible such as clothes, money, any physical product, or intangible such as data and information. However, the term is mostly used to indicate the collection of money or funds.
- Specialized in Bankruptcy and Late Stage Collection efforts, repossessions, charge offs, and Training Mentor Classes.
- Trained and developed new Credit Union collection staff to contribute to collection efforts efficiently.
14. Charge Offs
- Recommended charge offs to dept.
15. Collection Calls
Collection calls involve reaching out to clients with unpaid balances to collect payments and verify transactions.
- Implemented and monitored daily individual collection calls to insure quality service that reduced the percentage of lost calls.
- Supervised other collectors as they made collection calls within the federal and state laws.
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What skills help Assistant Collections Managers find jobs?
Tell us what job you are looking for, we’ll show you what skills employers want.
What skills stand out on assistant collections manager resumes?
What assistant collections manager skills would you recommend for someone trying to advance their career?
Jaunelle Celaire
Chair, Professor of Voice, University of Alaska Fairbanks
What type of skills will young assistant collections managers need?
Creativity - Graduates will need to possess critical and creative thinking skills.
Flexibility - Graduates must remain flexible to succeed in a highly changing environment.
List of assistant collections manager skills to add to your resume
The most important skills for an assistant collections manager resume and required skills for an assistant collections manager to have include:
- Customer Service
- Loan Applications
- Customer Satisfaction
- Delinquent Accounts
- Past Due Accounts
- Credit Card
- FDCPA
- Debt Repayment
- Bank Deposits
- Payment Arrangements
- Customer Accounts
- Outbound Calls
- Collection Efforts
- Charge Offs
- Collection Calls
- Collection Reports
- Computer System
- Legal Action
- Collection Agencies
- Loan Payments
- Real Estate
- Overdue Accounts
- Financial Statements
- Customer Complaints
- Credit Reports
- Financial Reports
- Insurance Claims
- NSF
- Customer Calls
- Rental Agreements
- HR
- Collection Issues
- Customer Inquiries
- Legal Accounts
- Evictions
- Collection Accounts
Updated January 8, 2025