Accounts Receivable Analyst Job Description [Updated for 2025]

In the world of finance, the importance of Accounts Receivable Analysts is increasingly recognized.

As businesses grow and transactions multiply, the need for proficient individuals who can manage, monitor, and improve our financial frameworks is intensifying.

But what’s really expected from an Accounts Receivable Analyst?

Whether you are:

A job seeker seeking to understand the core of this role,
A hiring manager formulating the perfect candidate profile,
Or simply fascinated by the intricate world of accounts receivable,

You’ve come to the right place.

Today, we present a customizable Accounts Receivable Analyst job description template, intended for straightforward posting on job boards or career sites.

Let’s delve right into it.

Contents show

Accounts Receivable Analyst Duties and Responsibilities

Accounts Receivable Analysts handle the incoming payments for a company, manage the company’s accounts receivable, and ensure the accuracy and efficiency of operations, processing and monitoring incoming payments, and securing revenue by verifying and posting receipts.

Their roles and responsibilities include:

Analyzing and reviewing invoices and promptly processing them for payments
Implementing effective credit control measures and monitoring customer account details for non-payments, delayed payments and other irregularities
Reviewing AR aging to ensure compliance with established policies and procedures
Initiating collections on past-due accounts and working with customers to resolve payment disputes
Generating financial statements and reports for management and stakeholders
Investigating and resolving any irregularities or enquiries related to accounts receivable
Assisting in general financial management and analysis
Ensuring compliance with all internal and external audit requirements
Participating in month-end closing processes and reconciling accounts when required
Assisting in streamlining and improving the accounts receivable process

Accounts Receivable Analyst Job Description Template

Job Brief

We are seeking an experienced and detail-oriented Accounts Receivable Analyst to monitor the accounts of our customers, manage invoices, and ensure timely payments.

The Accounts Receivable Analyst responsibilities include managing receivable accounts, ensuring timely and accurate billing, tracking and reconciling bank statements, and maintaining customer accounts.

Our ideal candidate is proficient with accounting software, spreadsheets and databases, and has a firm grasp of accounting principles.

Ultimately, the role of the Accounts Receivable Analyst is to ensure accuracy and efficiency of operations, process and monitor incoming payments, and secure revenue by verifying and posting receipts.

Responsibilities

Perform day to day financial transactions including verifying, classifying, and recording accounts receivable data
Prepare and send out bills, receipts and invoices
Process and monitor incoming payments, and secure revenue by verifying and posting receipts
Reconcile the accounts receivable ledger to ensure all payments are accounted for and properly posted
Facilitate payment of invoices due by sending bill reminders and contacting clients
Resolve billing and customer credit issues
Update accounts receivable database with new accounts or missed payments
Ensure all clients remain informed on their outstanding debts and deadlines
Provide solutions to any relative problems of clients
Generate financial statements and reports detailing accounts receivable status

Qualifications

Proven working experience as Accounts Receivable Clerk or Accountant
Solid understanding of basic accounting principles, fair credit practices and collection regulations
Data entry skills along with a knack for numbers
Proficiency in MS Office, particularly Excel, and accounting software
Hands-on experience in operating spreadsheets and accounting software (JDE or other full-scale ER software)
Customer service and negotiation skills
High degree of accuracy and attention to detail
BS degree in Finance, Accounting or Business Administration

Benefits

401(k)
Health insurance
Dental insurance
Retirement plan
Paid time off
Professional development opportunities

Additional Information

Job Title: Accounts Receivable Analyst
Work Environment: Office setting with options for remote work. Some travel may be required for team meetings or client consultations.
Reporting Structure: Reports to the Accounts Receivable Manager or Finance Manager.
Salary: Salary is based upon candidate experience and qualifications, as well as market and business considerations.
Pay Range: $45,783 minimum to $75,041 maximum
Location: [City, State] (specify the location or indicate if remote)
Employment Type: Full-time
Equal Opportunity Statement: We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
Application Instructions: Please submit your resume and a cover letter outlining your qualifications and experience to [email address or application portal].

What Does an Accounts Receivable Analyst Do?

Accounts Receivable Analysts primarily work in the finance or accounting departments of organizations across a variety of industries.

Their main responsibility is to manage the money that is owed to their company by its customers.

They keep track of outstanding invoices and ensure timely payments.

An Accounts Receivable Analyst is also responsible for maintaining accurate records of all transactions, coordinating with customers to resolve any billing disputes or issues, and preparing reports on financial status and transactions.

They monitor customer account details for non-payments, delayed payments, and other irregularities, and they review and send invoices to customers.

Their role may also include working closely with the sales department to understand credit limits and to ensure that credit risk is minimized.

Furthermore, Accounts Receivable Analysts carry out credit checks on new customers, set up terms of credit and ensure that all customer details are up to date.

Accounts Receivable Analyst Qualifications and Skills

An Accounts Receivable Analyst should possess a range of technical and soft skills, including:

Strong numerical skills and attention to detail to accurately handle financial data and detect any discrepancies.
Good analytical abilities to interpret complex financial data, recognize patterns, and make informed decisions.
Proficiency in accounting software and MS Office, particularly Excel, to efficiently manage and process accounts receivable data.
Excellent communication skills to effectively interact with clients and team members, clarifying any payment issues, discussing accounts statuses, and reporting findings to management.
Time management and organizational skills to manage a high volume of accounts and meet strict deadlines.
Problem-solving skills to identify and resolve issues that may arise in the accounts receivable process.
Understanding of accounting principles, particularly regarding accounts receivable, to ensure compliance with financial regulations and standards.
Customer service skills to handle client interactions professionally, maintaining customer satisfaction and loyalty.

Accounts Receivable Analyst Experience Requirements

Entry-level candidates for the role of Accounts Receivable Analyst may have 1 to 2 years of experience, often obtained through internships or part-time roles in finance or accounting departments.

These professionals can also gain practical experience in roles such as Accounts Clerk, Billing Coordinator, or other finance-related roles.

Candidates with more than 2 years of experience often develop their analytical and financial skills in entry-level Accounts Receivable roles or similar positions.

They may have gained proficiency in using accounting software and have a good understanding of accounts receivable processes.

Those with more than 5 years of experience may possess advanced analytical skills, have a deeper understanding of financial regulations, and might have some experience in managing a team.

These individuals may be ready for a senior role or managerial position within the Accounts Receivable department.

In addition, some roles might require the candidate to have a professional certification, such as the Certified Accounts Receivable Professional (CARP) or Certified Credit and Collections Professional (CCCP).

Accounts Receivable Analyst Education and Training Requirements

Accounts Receivable Analysts typically require a bachelor’s degree in finance, accounting, or a related field.

They must have a strong understanding of basic accounting principles and financial operations, and this knowledge is often acquired through the coursework in their degree programs.

Proficiency in software applications related to accounting, such as QuickBooks or Microsoft Excel, is also often required.

Some positions may prefer candidates with a Certified Public Accountant (CPA) designation or a master’s degree in business administration (MBA) or finance.

In addition to formal education, Accounts Receivable Analysts often need several years of experience in accounts receivable, finance, or a related area.

Continuing education through professional development courses or certifications in accounts receivable or credit management can also be beneficial and demonstrate a commitment to the profession.

Knowledge of industry-specific regulations and laws, such as the Fair Debt Collection Practices Act, may also be required.

Accounts Receivable Analyst Salary Expectations

The average salary for an Accounts Receivable Analyst is $52,678 (USD) per year.

The actual earnings may vary depending on the individual’s years of experience, the size of the company they work for, and the region in which they are located.

Accounts Receivable Analyst Job Description FAQs

What skills does an Accounts Receivable Analyst need?

An Accounts Receivable Analyst should have strong analytical skills to interpret complex financial data.

They should also be detail-oriented and accurate in their work.

Good communication skills are necessary to interact with customers and colleagues.

Proficiency with accounting software and knowledge of accounting principles and procedures is also important.

Do Accounts Receivable Analysts need a degree?

Typically, Accounts Receivable Analysts need a Bachelor’s degree in Accounting, Finance, or a related field.

Some employers may also require prior experience in an accounting or finance role.

Professional certifications like Certified Public Accountant (CPA) can be an added advantage.

What should you look for in an Accounts Receivable Analyst resume?

When reviewing the resume of an Accounts Receivable Analyst, look for a degree in accounting or finance along with relevant experience in accounts receivable or finance roles.

Proficiency in accounting software like QuickBooks or SAP should be highlighted.

Skills like data analysis, problem-solving, and attention to detail are also important.

What qualities make a good Accounts Receivable Analyst?

A good Accounts Receivable Analyst is detail-oriented and has strong analytical skills to interpret financial data accurately.

They should be able to handle multiple tasks and prioritize work to meet deadlines.

Good interpersonal and communication skills are key as they often interact with customers and other departments.

Integrity and confidentiality are also essential attributes, given the sensitive nature of the data they handle.

Is it difficult to hire an Accounts Receivable Analyst?

Hiring an Accounts Receivable Analyst can be challenging due to the specific skills and experience required for the role.

It’s important to assess not only the candidate’s technical competencies but also their analytical abilities, attention to detail, and communication skills.

Offering competitive salaries and benefits can help attract qualified candidates.

Conclusion

And there we have it.

Today, we’ve shed light on the critical role of an Accounts Receivable Analyst.

Surprise, surprise?

It’s not just about invoicing and collections.

It’s about shaping the financial health of a company, one invoice at a time.

Equipped with our trusted Accounts Receivable Analyst job description template and real-world examples, you’re ready to make your move.

But why limit yourself?

Explore further with our job description generator. It’s your one-stop solution for precision-crafted job listings or refining your resume to excellence.

Remember:

Each invoice processed contributes to the larger financial picture.

Let’s shape that future. Together.

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