Discover the essential requirements, duties, responsibilities, and skills needed for a Accounts Receivable Manager job description.
What does a Accounts Receivable Manager do?
An accounts receivable manager is someone who makes sure that the company gets paid by their clients. They manage a team of people who handle invoicing and collecting payments from customers according to the company's policies.
Job Description
We need a results-oriented accounts receivable manager to accurately invoice customers and collect payments on behalf of the company. This person will supervise the accounts receivable department and work closely with customers to make sure payments are made on time.
To be successful in this role, the accounts receivable manager should have strong accounting skills and make sure that the invoicing process is accurate. They should also be able to ensure that customers pay their bills on time to keep the company's finances strong.
Job Duties and Responsibilities
- Check the credit of new and potential customers.
- Follow the company's policies and regulations for collecting debts.
- Set deadlines for invoicing and collecting payments.
- Oversee the invoicing and payment collection processes.
- Make sure payments are collected on time.
- Negotiate with customers if they don't pay their bill.
- Create monthly reports on payment collections.
- Keep records of invoices, deposits, and any communication about payment collection.
- Stay updated on any changes in laws or procedures related to debt collection.
- Train and mentor staff in the department.
Requirements and Qualifications
- A bachelor's degree in accounting or finance.
- At least 2 years of experience as an accounts receivable manager or supervisor in retail sales.
- Ability to work accurately and independently.
- Experience with accounting software like Quickbooks and General Ledger, and advanced knowledge of MS Excel.
- Good verbal and written communication skills.
- Attention to detail and strong analytical skills.
- Excellent report writing skills.
- Effective time management and people management skills.
Accounts Receivable Manager Salary
The earning potential of a Accounts Receivable Manager can vary significantly based on factors such as geographic location, industry, professional experience, educational background, and the specific employer. On average, the annual salary for an Accounts Receivable Manager in the United States is approximately $103182.
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