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Credit and Collections Specialist in Rosemont, IL

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 Rosemont, IL

56640 - 81125

Low
56640
The candidate is new to the role or has limited experience and is building necessary skills.
Mid
67260
The candidate has moderate experience in the role, meets most requirements or has equivalent transferable skills, and may also have relevant certifications.
High
81125
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 84665 96760 119770 Accounts Receivable Analyst 69620 78765 86435 Accounts Receivable Specialist 64605 71095 77585 Accounts Receivable Clerk 51920 60770 68440 Accounts Payable Manager 81715 96465 119180 Accounts Payable Analyst 67850 73455 81715 Accounts Payable Specialist 61065 66670 74635 Accounts Payable Clerk 51035 58115 64605 Billing Manager/Supervisor 70210 84960 105610 Billing Specialist 51920 59885 69620 Billing Clerk 49855 55755 61950 Full Charge Bookkeeper 74340 83780 97350 Bookkeeper 64900 74045 82600 Credit Manager/Supervisor 94695 111215 130095 Credit and Collections Analyst 68440 78765 89090 Purchasing Manager 79060 96465 112985 Purchasing Assistant 50150 56935 66080 Inventory Analyst 56640 71390 84665 Inventory Clerk 46610 52510 64015

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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.