What does an Accounts Receivable Manager do?
Published 3 min read
The Accounts Receivable Manager is responsible for the day-to-day operations of the Accounts Receivable department including: invoicing, collections, customer service, and cash application. The Accounts Receivable Manager ensures that the department operates efficiently and effectively to support the company’s financial goals.
Accounts Receivable Manager job duties include:
- Supervise and train accounts receivable staff
- Ensure that all invoices are properly authorized
- Review aged receivables reports and take appropriate action
- Establish and maintain strong relationships with customers
- Ensure that all customer inquiries are promptly addressed
- Process customer refunds and adjustments
- Monitor credit card and electronic check payments
- Reconcile accounts receivable records with general ledger
- Prepare monthly financial reports
Accounts Receivable Manager Job Requirements
The job requirements for an Accounts Receivable Manager typically include a bachelor's degree in accounting or finance, certification as a Certified Public Accountant (CPA), and 5-10 years of experience in accounting or finance. In some cases, employers may require a master's degree in accounting or finance.
Accounts Receivable Manager Skills
- Accounts Receivable
- Accounts Payable
- Credit Control
- Cash Management
- Financial Reporting
- Tax Compliance
- Bank Reconciliations
- General Ledger
- Invoicing
- Collections
- Customer Service
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How to become an Accounts Receivable Manager
An accounts receivable manager is responsible for the efficient and effective management of an organization's accounts receivable function. The accounts receivable manager ensures that invoices are accurately processed and payments are timely received from customers. To become an accounts receivable manager, one must possess strong analytical and problem-solving skills, as well as experience in accounting and finance.
The first step to becoming an accounts receivable manager is to obtain a bachelor's degree in accounting or a related field. Many employers also require candidates to have at least five years of experience working in accounts receivable or a related field. Once you have the necessary education and experience, you can apply for jobs at accounting firms or businesses with accounts receivable departments.
When applying for an accounts receivable manager position, be sure to highlight your analytical and problem-solving skills in your resume and cover letter. During the interview process, be prepared to discuss your experience managing accounts receivable and resolving customer payment issues. Demonstrating your ability to effectively manage Accounts Receivables will increase your chances of being hired for the role.
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