Late-Career Collections Specialist in Chicago, Illinois Salary

The average rate for a Late-Career Collections Specialist in Chicago, Illinois is $18.31 per hour.

$14.09 - $24.83
$14
$19
$25
MEDIAN: $19.00
10%
50%
90%

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Hourly Data $0$24
Hourly Rate $14.09 - $24.83
Annual Data $0$52K
Bonus $1,100
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$29,734 - $52,603
  • Country: United States
  • Currency: USD
  • Updated: 3 Jan 2018
  • Individuals Reporting: 10

Job Description for Collections Specialist

Typically, a collections specialist is an individual that specializes in the collection of debt owed to their organization. They use a variety of means to contact individuals who have defaulted on debts and/or who have not paid past-due bills. Collections specialists usually work in a call center with other collections specialists, although they may telecommute from a remote location such as a home office.

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Collections Specialist Tasks

  • Make collection and billing calls to reduce the lost assets of a company and delinquent payments.
  • Monitor and maintain assigned accounts through follow up and possibly implement alternative payment options.

About Chicago, Illinois

Cook County, Illinois
2,720,556
Male:
1,320,015 (48.5%)
Female:
1,400,541 (51.5%)
Chicago (/ʃᵻˈkɑːɡoʊ/ or /ʃᵻˈkɔːɡoʊ/), officially the City of Chicago, is the third-most populous city in the United States. With over 2.7 million residents, it is the most populous city in the state of Illinois and the Midwestern United States, and the county seat of Cook County. The Chicago metropolitan area, often referred to as Chicagoland, has nearly 10 million people and is the third-largest in the U.S. Chicago was incorporated as a city in 1837, near a portage between the Great Lakes and the Mississippi River watershed, and grew rapidly in the mid-nineteenth century. The city is an international hub for finance, commerce, industry, technology, telecommunications, and transportation: O'Hare International Airport is the second-busiest airport in the world when measured by aircraft traffic; the region also has the largest number of U.S. highways and rail road freight. In 2012, Chicago was listed as an alpha global city by the Globalization and World Cities Research...
Chicago:
$50,702
Illinois:
$59,588
$985
Chicago:
$238,500
Illinois:
$180,300
6.3%

Collections Specialist Job Listings

Key Stats for Collections Specialist

Gender

Female
88 %
Male
13 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 2 votes.
20 years or more
100%

Skills That Affect Collections Specialist Salaries

National Average
$42,000

bill collections
▼6%

Accounts Receivable
▼10%

Customer Service
▼10%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 2 votes.

Gender

Female
88 %
Male
13 %

Common Health Benefits

medical benefits
Medical: 67%
dental benefits
Dental: 44%
vision benefits
Vision: 44%
no benefits
None: 22%