Collections Specialist

Location: New York

We are looking for an experienced Collections Specialist to join a financial institution in New York, New York on a Contract basis. This role is ideal for someone who is detail oriented and can manage assigned accounts with confidence, maintain consistent client communication, and drive timely payment resolution in a high-volume environment. The position partners closely with collections leadership and requires strong judgment, organization, and accuracy when working across financial records and account activity.

Responsibilities:
• Manage a designated portfolio of commercial and consumer accounts, prioritizing follow-up activities to support timely recovery of outstanding balances.
• Conduct a large volume of outbound collection calls and related outreach to clients, maintaining professionalism while working toward payment commitments and issue resolution.
• Review account status, billing details, and payment history to identify delinquency trends and determine appropriate collection strategies.
• Collaborate with the Collections Manager and Team Lead to address escalated matters, align on account actions, and support overall team performance.
• Record collection activity, client interactions, and payment arrangements accurately in tracking systems and supporting documentation.
• Use Excel and nCino to monitor account updates, organize portfolio data, and prepare reports related to collection efforts and aging balances.
• Coordinate with internal stakeholders to investigate account discrepancies, clarify billing questions, and help remove barriers to payment.
• Ensure collection activities are handled in accordance with established policies, regulatory expectations, and institution standards.