Recovery Specialist

Salary Range for Debt Recovery Specialist in Collection Agencies

Salary range for Debt Recovery Specialist in Collection Agencies: $30,000 - $60,000 per year

Sample Job Description for Debt Recovery Specialist in Collection Agencies Industry

Job Description:

As A Debt Recovery Specialist In A Collection Agencies Company, Your Main Objective Is To Recover Outstanding Debts From Individuals Or Businesses. You Will Handle A Portfolio Of Accounts And Work Towards Achieving Collection Targets Set By The Company. Your Primary Goal Will Be To Negotiate Payment Arrangements, Locate Debtors, And Effectively Communicate With Them To Resolve Their Debts.

Job Requirements:

1. High School Diploma Or Equivalent (Bachelor'S Degree Preferred) 2. Previous Experience In Debt Recovery Or Collections 3. Strong Knowledge Of Debt Collection Laws And Regulations 4. Excellent Negotiation And Communication Skills 5. Ability To Handle Difficult Conversations And Diffuse Tense Situations 6. Attention To Detail And Strong Organizational Skills 7. Proficiency In Computer Software And Data Entry 8. Ability To Work Independently And Meet Deadlines 9. Strong Problem-Solving And Decision-Making Abilities 10. Professionalism And Integrity In Dealing With Sensitive Information

Job Responsibilities:

1. Contact Debtors Via Phone, Mail, Or Email To Negotiate Payment Arrangements 2. Investigate Debtor'S Financial Situation And Develop Appropriate Collection Strategies 3. Update Account Information And Maintain Accurate Records Of All Collection Activities 4. Utilize Skip Tracing Techniques To Locate Debtors Who Have Changed Contact Information 5. Provide Exceptional Customer Service To Debtors While Maintaining Firmness In Collecting Debts 6. Adhere To All Applicable Laws And Regulations Governing Debt Collection Practices 7. Collaborate With Internal Teams To Resolve Disputes And Escalate Complex Cases 8. Prepare Reports On Collection Activities And Progress Towards Targets 9. Stay Updated On Industry Trends And Changes In Debt Collection Laws 10. Continuously Improve Collection Strategies And Techniques To Optimize Results

Top 10 Employers for Debt Recovery Specialist in Collection Agencies:

1. ABC Collections - HQ: New York, USA - Website: www.abccollections.com 2. XYZ Recovery Services - HQ: London, UK - Website: www.xyzrecoveryservices.co.uk 3. Collection Solutions Inc. - HQ: Toronto, Canada - Website: www.collectionsolutions.ca 4. Recovery Associates Ltd. - HQ: Sydney, Australia - Website: www.recoveryassociates.com.au 5. Global Debt Recovery - HQ: Singapore - Website: www.globaldebtrecovery.com.sg 6. Debt Solutions Limited - HQ: Johannesburg, South Africa - Website: www.debtsolutions.co.za 7. National Recovery Services - HQ: Mumbai, India - Website: www.nationalrecoveryservices.in 8. Debt Recovery Experts - HQ: Dublin, Ireland - Website: www.debtrecoveryexperts.ie 9. International Collections Agency - HQ: Berlin, Germany - Website: www.internationalcollections.com 10. Debt Relief Solutions - HQ: Sao Paulo, Brazil - Website: www.debtreliefsolutions.com.br

Career Path for Debt Recovery Specialist in Collection Agencies:

1. Debt Collection Agent - 2-3 years 2. Senior Debt Collection Agent - 3-5 years 3. Debt Recovery Specialist - 5-7 years

Top 5 Countries by Debt Recovery Specialist in Collection Agencies:

1. United States 2. United Kingdom 3. Canada 4. Australia 5. Singapore

Top 5 Countries with Established Collection Agencies:

1. United States 2. United Kingdom 3. Canada 4. Australia 5. Germany