Collection Specialist

About Us

Founded in 2007, Biz2Credit is recognized as the top small business financing resource in the U.S. by

Entrepreneur Magazine, having facilitated over $2.5 billion in lending. As an all-in-one financing solution,

Biz2Credit connects entrepreneurs with small business loans through a fast approval process, offering a

wide range of financing options. The company's innovative online credit marketplace brings together more

than 1,200 lenders and thousands of small businesses. This extensive network is strengthened through

partnerships with organizations like Paychex, Start-up America, CPAs, business brokers, and other referral

partners.

Biz2X, the technology platform behind Biz2Credit, has established the company as a leading alternative

lender for small businesses. Traditional banks are now utilizing Biz2X to automate their small business

lending processes, leveraging AI-powered digital banking to offer clients a seamless omnichannel

experience. The platforms advanced risk solutions, driven by AI algorithms, enable automatic decision-

making and quick processing, enhancing operational efficiency and risk management. Biz2X is the

comprehensive solution that streamlines lending, optimizes risk management, and boosts operational

efficiency for financial institutions.

Learn More: &

Read About Us:

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Role- Collections Specialist

We are seeking a diligent and results-driven Collections Specialist to join our team and play a

critical role in managing outstanding accounts and ensuring customer satisfaction.

Job Description:

As a Collections Specialist, you will be responsible for generating and managing in-house leads

from business owners, interfacing with them to assess their financing needs, and guiding them

through the financing process. You will handle documentation, coordinate with internal teams,

and resolve customer queries efficiently. A key part of your role will involve conducting rigorous

follow-ups, managing renewals, and addressing collection-related issues to ensure timely

repayment and increase collections.

Key Responsibilities:

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Generate and manage in-house leads from business owners seeking financing.

Interface with small business owners to assess their financing needs and recommend

suitable financing solutions.

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Guide prospective clients through the financing process, from pre-qualification to closing.

Handle documentation, coordinate with internal teams, and resolve customer queries

efficiently.

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Demonstrate the ability to close deals while meeting customer expectations.

Conduct rigorous follow-ups and closely monitor all stages of renewals, including

contacting delinquent customers or those eligible for additional funding.

Work with customers to ensure timely repayment, negotiate new payment terms, and

address other collection-related issues.

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Track promised payments to ensure receipt.

Use Sales and Collections portals to monitor progress.

Maintain high call volumes, adhere to renewal and collection call models and performance

standards, and utilize skip tracing for default customers.

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Develop strategies to increase collections and manage outstanding accounts.

Collaborate effectively with team members and supervisors to ensure smooth

departmental operations.

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Meet crucial deadlines consistently.

Work closely with credit underwriters during the underwriting process.

Communicate and follow up with clients regularly.

Meet or exceed team productivity goals.

Ensure high levels of client satisfaction by providing prompt responses and solutions to

their challenges.

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Possess strong phone contact handling skills and active listening abilities.

Qualifications:

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Proven experience in a similar role within the financial services or collections industry.

Strong understanding of collections processes and strategies.

Excellent communication, negotiation, and interpersonal skills.

Ability to handle high call volumes and manage multiple tasks simultaneously.

Proficient in using Sales and Collections portals and other relevant software.

Strong problem-solving skills and the ability to think critically.

High level of accuracy and attention to detail.

Ability to work independently and as part of a team.

Strong organizational and time management skills.

Ability to meet deadlines consistently.

Education and Experience:

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Bachelors degree in finance, business administration, or a related field preferred.

Minimum of 3 years of experience in collections or a related field.