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Credit and Collections Specialist in Minneapolis, MN

Credit and Collections Specialist Job Description

Credit and collections specialists manage the credit approval process and ensure timely collection of outstanding accounts receivable. They work closely with customers, sales teams and finance departments to resolve billing issues, monitor account activity and maintain healthy cash flow. This role is essential for minimizing financial risk and supporting overall business operations.

Typical credit and collections specialist duties:

Review and evaluate credit applications and establish credit limits based on company policiesMonitor customer accounts to identify overdue balances and initiate collection effortsContact clients via phone, email or mail to follow up on outstanding invoicesInvestigate and resolve billing discrepancies or disputes in a timely mannerMaintain accurate records of communications, payments and account statusesPrepare aging reports and provide updates to management on collection activitiesCollaborate with internal departments to ensure accurate invoicing and account reconciliationRecommend accounts for escalation, legal action or write-off when necessary

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Salary for Credit and Collections Specialist in Minneapolis, MN
51360 - 73563
Low
51360
The candidate is new to the role or has limited experience and is building necessary skills.
Mid
60990
The candidate has moderate experience in the role, meets most requirements or has equivalent transferable skills, and may also have relevant certifications.
High
73563
The candidate has extensive experience and advanced skills for the role, and may also have specialized certifications.
Projected salaries for related positions Job title Low Mid High Accounts Receivable Manager 76773 87740 108605 Accounts Receivable Analyst 63130 71423 78378 Accounts Receivable Specialist 58583 64468 70353 Accounts Receivable Clerk 47080 55105 62060 Accounts Payable Manager 74098 87473 108070 Accounts Payable Analyst 61525 66608 74098 Accounts Payable Specialist 55373 60455 67678 Accounts Payable Clerk 46278 52698 58583 Billing Manager/Supervisor 63665 77040 95765 Billing Specialist 47080 54303 63130 Billing Clerk 45208 50558 56175 Full Charge Bookkeeper 67410 75970 88275 Bookkeeper 58850 67143 74900 Credit Manager/Supervisor 85868 100848 117968 Credit and Collections Analyst 62060 71423 80785 Purchasing Manager 71690 87473 102453 Purchasing Assistant 45475 51628 59920 Inventory Analyst 51360 64735 76773 Inventory Clerk 42265 47615 58048

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Our starting salary projections come from a rigorous, multistep process so that our numbers accurately reflect the marketplace. They are based on actual compensation for professionals Robert Half has matched with employers across the country and third-party job posting data from Textkernel that we use to independently validate the salary levels. Starting compensation—pay for someone new to a role—can vary significantly based on a candidate’s skills, experience and certifications, as well as other factors including industry, company size and revenue, and demand for the role. To reflect this variability, we report our salary data in three levels: low, mid and high.