Remediation Specialist (Finance)
Job Description
The Remediation Specialist handles doubtful accounts by preparing collection packets, securing approvals, and escalating accounts for write-off and third-party collection. They also manage relationships with collection agencies and support the Credit, Collections, and AR teams through reporting, financial analysis, and administrative duties.
The salary for this position will be commensurate with education or work experience.
What You Will Be Doing.
- Monitors portfolio of accounts by following documented collections and third-party referral processes.
- Conducts detailed reviews of accounts which Badger has been unable to collect through the standard collections process.
- Works with Finance, Operations and accounting to obtain the proper approvals for writing off bad debt accounts depending on the dollar amount.
- Prepares a collections packet of necessary information including account history, invoices, approvals etc. for submission of write-offs and referral to a third-party collection agency.
- Runs reports outlined by AR Manager and Credit Manager as requested.
What We Are Looking For.
- Bachelor's Degree in Accounting, Business or a relevant field; or the equivalent work experience.
- 2+ years of professional, relevant work experience in accounting, collections, customer service or similar function.
- Experience in negotiating and managing contracts.
- Knowledge of debt recovery laws and regulations.
- Knowledge of relevant regulations and compliance standards.
What You Will Get In Return.
- Generous salary and bonus program(s)
- Low-cost Medical, Dental, and Vision insurance
- Retirement plan with employer matching contributions
- Attractive vacation programs
- Inclusive Group Life insurance
- Supportive Employee Assistance Program (EAP) that allows for covered behavioral health visits
- Rewarding employee referral program
- Valuable employee training program(s)
Responsibilities
The Remediation Specialist handles doubtful accounts by preparing collection packets, securing approvals, and escalating accounts for write-off and third-party collection. They also manage relationships with collection agencies and support the Credit, Collections, and AR teams through reporting, financial analysis, and administrative duties.
The salary for this position will be commensurate with education or work experience.
What You Will Be Doing.
- Monitors portfolio of accounts by following documented collections and third-party referral processes.
- Conducts detailed reviews of accounts which Badger has been unable to collect through the standard collections process.
- Works with Finance, Operations and accounting to obtain the proper approvals for writing off bad debt accounts depending on the dollar amount.
- Prepares a collections packet of necessary information including account history, invoices, approvals etc. for submission of write-offs and referral to a third-party collection agency.
- Runs reports outlined by AR Manager and Credit Manager as requested.
What We Are Looking For.
- Bachelor's Degree in Accounting, Business or a relevant field; or the equivalent work experience.
- 2+ years of professional, relevant work experience in accounting, collections, customer service or similar function.
- Experience in negotiating and managing contracts.
- Knowledge of debt recovery laws and regulations.
- Knowledge of relevant regulations and compliance standards.
What You Will Get In Return.
- Generous salary and bonus program(s)
- Low-cost Medical, Dental, and Vision insurance
- Retirement plan with employer matching contributions
- Attractive vacation programs
- Inclusive Group Life insurance
- Supportive Employee Assistance Program (EAP) that allows for covered behavioral health visits
- Rewarding employee referral program
- Valuable employee training program(s)
