Top 10 Receiver Certifications

Certifications are important for receivers in the job market because they demonstrate a level of expertise and knowledge in their field. They can provide employers with evidence of the receiver’s qualifications and help them stand out from other applicants. Certifications also show that the receiver is committed to developing their skills and staying up to date on industry trends. Additionally, certifications can open up opportunities for higher pay and more job security, as employers may be more likely to hire someone who has gone through an accredited program and earned certification in their field.

This article reviews some of the top certifications for Receivers and explains how they can help to further a receiver's career.

What are Receiver Certifications?

Receiver certification is a process of verifying that a receiver, such as a satellite or radio receiver, is operating correctly and meeting certain performance standards. This type of certification can be used to ensure that the equipment is working properly and meeting the requirements for its intended purpose. Receiver certification can help to reduce the risk of equipment malfunctioning or failing to meet safety standards. It also helps to ensure that receivers are able to properly receive signals from their intended sources. Receiver certification may include tests for signal reception quality, power consumption, interference rejection, frequency response, and other criteria. By having receiver certification in place, users can be sure that their equipment is functioning correctly and performing as expected.

Pro Tip: When certifying a receiver, be sure to read the manufacturer's instructions carefully and complete all necessary steps for proper installation. This includes setting up the receiver according to the manufacturer's recommendations, testing it for signal strength, and ensuring that all connections are secure. Additionally, use only approved supplies and accessories to ensure maximum performance of the receiver.

Related: What does a Receiver do?

Top 10 Receiver Certifications

Here’s our list of the best certifications available to Receivers today.

1. Certified Professional Receiver (CPR)

Certified Professional Receiver (CPR) is a certification program offered by the Association of Certified Receivers, Inc. (ACRI). It is designed to recognize individuals who have demonstrated excellence in the field of receivership. The program provides a comprehensive education and training program that covers all aspects of receivership, including legal, financial, operational, and management issues.

The CPR certification requires completion of an online course, which typically takes approximately 8-10 hours to complete. The course covers topics such as: understanding receivership law; managing assets; preparing reports; managing accounts receivable and payable; conducting investigations; and more. Upon successful completion of the course, candidates must pass an exam administered by ACRI in order to receive their CPR certification.

The cost for the CPR certification program is $1,195 USD. This fee includes access to the online course materials as well as the exam fee. Additional fees may be applicable depending on your location and other factors.

2. Certified Receivables Management Professional (CRMP)

Certified Receivables Management Professional (CRMP) is a professional certification program offered by the National Association of Credit Management (NACM). The CRMP program is designed to provide professionals in the credit and collections industry with the knowledge, skills, and abilities to effectively manage receivables. It is a comprehensive certification program that covers all aspects of receivables management including legal, financial, operational, customer service, and technology.

It takes approximately 6 months to complete the CRMP program. The program consists of two parts – an online course and an exam. The online course covers topics such as credit risk management, accounts receivable management processes, collections strategies and techniques, customer service best practices, dispute resolution processes, compliance requirements and more. Once you have completed the coursework you will be eligible to take the exam which is administered by NACM.

The cost for the CRMP certification varies depending on your membership status with NACM. For non-members it costs $1125 for members it costs $875 plus applicable taxes. Additionally there are renewal fees every 3 years in order to maintain your certification status.

3. Certified Receivable Specialist (CRS)

A Certified Receivable Specialist (CRS) is a professional designation for those who specialize in accounts receivable management. This certification is offered by the International Association of Credit and Collection Professionals (ACA International). The CRS designation recognizes individuals who have demonstrated proficiency in the field of accounts receivable management, including collections, credit analysis, and dispute resolution.

The CRS certification program consists of an online course followed by a proctored exam. The online course covers topics such as basic accounting principles, credit analysis, collections procedures, dispute resolution strategies, and legal considerations related to accounts receivable management. After completing the course, candidates must pass a proctored exam to become certified.

The cost of the CRS certification program is $595 USD for members of ACA International and $795 USD for non-members. The cost includes access to the online course materials and one attempt at the proctored exam. It typically takes 4-6 weeks to complete the program depending on how quickly you can study and complete the coursework.

4. Certified Receivables Manager (CRM)

Certified Receivables Manager (CRM) is a professional designation offered by the International Association of Credit and Collection Professionals (IACC). The CRM program provides credit and collection professionals with the knowledge and skills to effectively manage receivables. It focuses on topics such as credit analysis, risk management, legal compliance, collections strategies, dispute resolution, customer service, and technology.

It takes approximately 3-6 months to complete the CRM program. To get started you must meet certain requirements such as having at least two years of experience in a credit or collections role, or have completed an IACC approved course in credit or collections. Once you have met the requirements you can register for the CRM program online through IACC’s website.

The cost of the CRM program varies depending on whether you are an IACC member or non-member. For members it costs $795 USD and for non-members it costs $995 USD.

5. Certified Accounts Receivable Professional (CARP)

Certified Accounts Receivable Professional (CARP) is an internationally recognized certification program for accounts receivable professionals. It is designed to help individuals demonstrate their knowledge and skills in the field of accounts receivable management. CARP certification is offered by the International Association of Credit and Collection Professionals (IACCP).

To obtain CARP certification, applicants must first pass a written exam that tests their knowledge of accounts receivable processes and procedures. The exam covers topics such as credit policies, collections strategies, dispute resolution, customer service, and legal compliance. The exam takes approximately three hours to complete and costs $175 USD.

Once the exam has been successfully completed, applicants must submit an application package that includes a resume outlining their experience in accounts receivable management, two professional references, and a signed code of ethics agreement. Once approved by IACCP, applicants will be awarded the Certified Accounts Receivable Professional designation.

The cost to apply for CARP certification is $325 USD plus any applicable taxes or fees. This fee covers the cost of the written exam as well as processing and reviewing the application package. The entire process typically takes about four weeks from start to finish.

6. Certified Accounts Receivable Technician (CART)

Certified Accounts Receivable Technician (CART) is a professional certification program offered by the American Association of Credit Management (AACM). It is designed to recognize and validate the knowledge, skills, and abilities of accounts receivable professionals.

The CART certification exam consists of 100 multiple-choice questions covering topics such as credit management, collections, accounts receivable, customer service, legal issues, and other related areas. The exam takes approximately two hours to complete.

To become certified as a CART, applicants must have at least three years of relevant experience in accounts receivable or credit management. Applicants must also pass the CART certification exam with a score of 80% or higher.

The cost for the CART certification exam is $275 for AACM members and $375 for non-members. The fee includes the cost of the exam and access to online study materials.

7. Certified Receivables Administrator (CRA)

Certified Receivables Administrator (CRA) is a professional designation offered by the International Association of Commercial Administrators (IACA). The CRA designation is designed to recognize individuals who have demonstrated expertise in the receivables industry. It is intended to provide recognition for those who have achieved a high level of knowledge and experience in the field.

It typically takes approximately six months to complete the CRA program. To become certified, applicants must take three courses: Introduction to Receivables Administration, Advanced Receivables Administration, and Professional Practices in Receivables Administration. Upon successful completion of all three courses, applicants must pass an exam administered by IACA.

The cost of becoming certified varies depending on the applicant's individual circumstances. Generally speaking, it will cost between $1,500 and $2,000 USD for course materials and exam fees.

In addition to completing coursework and passing an exam, applicants must also meet certain criteria related to their professional experience and education. These requirements include having at least two years of experience working in receivables administration or related fields; having a bachelor’s degree or higher from an accredited college or university; and being able to demonstrate proficiency in written and spoken English.

8. Certified Credit and Collection Professional (CCCP)

Certified Credit and Collection Professional (CCCP) is a professional certification program offered by the National Association of Credit Management (NACM). It is designed to recognize individuals who demonstrate a high level of proficiency in credit and collection management. The certification is intended to serve as a benchmark for employers and customers, indicating that an individual has the knowledge and skills necessary to perform credit and collection activities effectively.

The CCCP certification requires applicants to pass an exam that covers topics such as credit granting, collections, bankruptcy, legal issues, and customer service. The exam consists of multiple-choice questions that are based on NACM's Credit Business Handbook. Applicants must also have at least two years of experience in the credit and collections field in order to qualify for the certification.

In order to take the CCCP exam, applicants must register with NACM and pay an application fee. The application fee varies depending on whether or not you are a member of NACM. After registering for the exam, applicants will receive study materials from NACM which they can use to prepare for the test.

The CCCP exam typically takes about four hours to complete and can be taken at any one of NACM's testing centers across the United States. Upon successful completion of the exam, applicants will receive their CCCP certificate from NACM within six weeks after taking the test.

The cost of obtaining a CCCP certification depends on whether or not you are a member of NACM. For non-members, the cost is $395; for members it is $295.

9. Accredited Receivables Manager (ARM)

Accredited Receivables Manager (ARM) is a professional designation issued by the International Association of Credit and Collection Professionals (IACC). The purpose of the ARM designation is to recognize individuals who have achieved a high level of expertise in credit and collection management.

To obtain the ARM designation, an individual must first meet certain eligibility requirements. These include having at least two years of experience in credit and collections, passing an exam administered by IACC, and completing at least 20 hours of continuing education credits every two years. Once these criteria are met, an individual can apply for the ARM designation.

The application process typically takes 4-6 weeks to complete. The cost for obtaining the ARM designation is $400 for IACC members or $500 for non-members. This fee covers the cost of registration, testing fees, and any additional materials needed for certification.

Once certified, individuals with the ARM designation are expected to adhere to a strict code of ethics as outlined by IACC. They must also maintain their accreditation by completing continuing education credits every two years.

10. Accredited Receivables Specialist (ARS)

Accredited Receivables Specialists (ARS) are professionals who specialize in the management of receivables. They are responsible for overseeing the collection and payment of accounts receivable, as well as providing guidance on best practices for managing credit and collections.

The ARS designation is offered by the International Association of Credit and Collection Professionals (IACCP). To become an ARS, you must have a minimum of two years of experience in credit and collections, or a related field. You must also pass an exam administered by IACCP to demonstrate your knowledge and skills.

The exam consists of multiple-choice questions covering topics such as account analysis, risk assessment, collection strategies, legal compliance, customer service, financial reporting, and more. The exam takes approximately three hours to complete.

The cost to take the ARS exam is $250 USD for members of IACCP; non-members pay $400 USD. Once you have passed the exam, you will receive a certificate from IACCP certifying that you are an Accredited Receivables Specialist.

Do You Really Need a Receiver Certificate?

When it comes to the question of whether or not you need a receiver certificate, the answer depends on your individual circumstances. In some cases, a receiver certificate may be necessary in order to legally receive certain types of payments such as those related to inheritance, trusts, or annuities. In other cases, a receiver certificate may not be required at all.

If you are unsure whether or not you need a receiver certificate for any given payment type, it is best to consult with an attorney who can provide advice and guidance tailored to your specific situation. Generally speaking, if you are receiving payments from an estate settlement, trust fund, or annuity agreement then you will likely need a receiver certificate in order to prove that you are authorized to receive the funds. This is especially true if the money is being transferred between two parties that do not have any kind of prior relationship established.

On the other hand, if you are simply receiving payments from someone who knows and trusts you (such as a family member), then it is unlikely that a receiver certificate would be necessary. In these cases, it may still be beneficial to obtain one just for extra assurance and peace of mind. Additionally, if there is ever any dispute over ownership of the funds then having a valid receiver certificate can help prove your claim in court should it come down to that.

Ultimately, whether or not you need a receiver certificate depends on what kind of payments you are receiving and from whom they originate. Consulting with an attorney who specializes in this area can help ensure that all applicable laws and regulations are followed so as to avoid any potential legal issues down the road.

Related: Receiver Resume Examples

FAQs About Receiver Certifications

1. What is a Receiver Certification?

Answer: A Receiver Certification is a certification that verifies an individual’s ability to receive, store, and manage funds on behalf of another person or entity. It is an important part of the financial services industry and is required for many financial jobs.

2. Who needs a Receiver Certification?

Answer: Any individual who works in the financial services industry and will be responsible for receiving, storing, and managing funds on behalf of another person or entity needs to obtain a Receiver Certification. This includes bank employees, asset managers, financial advisors, accountants, lawyers, and more.

3. How do I get a Receiver Certification?

Answer: To obtain a Receiver Certification, you must first complete an approved course from an accredited institution such as The American Bankers Association or The Institute of Financial Professionals. After completing the coursework, you will need to pass the exam administered by these institutions in order to become certified.

4. What are the benefits of having a Receiver Certification?

Answer: Having a Receiver Certification demonstrates your knowledge and expertise in receiving, storing, and managing funds on behalf of another person or entity. It can also give you an edge when applying for jobs in the financial services industry as it shows potential employers that you have taken steps to ensure that you have the necessary skillset to perform your job well.

5. Is there any continuing education required after obtaining my certification?

Answer: Yes! Once you have obtained your certification it is important to stay up-to-date with changes in regulations and best practices within the industry by taking continuing education courses every few years in order to maintain your certification status.