Accounts Receivable Manager Job Description [Updated for 2025]

In the realm of finance, the significance of an Accounts Receivable Manager is continually emphasized.

With business transactions evolving, the demand for proficient individuals who can manage, optimize, and secure our financial operations escalates.

But let’s delve deeper: What’s actually expected from an Accounts Receivable Manager?

Whether you are:

• A job seeker attempting to understand the core of this position,
• A hiring manager outlining the perfect candidate,
• Or simply fascinated by the intricacies of accounts receivable management,

You’ve arrived at the right spot.

Today, we unveil a customizable Accounts Receivable Manager job description template, designed for effortless posting on job boards or career sites.

Let’s dive right in.

Accounts Receivable Manager Duties and Responsibilities

Accounts Receivable Managers oversee the entire process of collecting payments from a company’s customers.

They are primarily responsible for ensuring all transactions are processed properly and managing the account receivable department staff.

The main duties and responsibilities of an Accounts Receivable Manager include:

• Overseeing routine department activities, such as disbursing checks and processing payroll, to ensure that they are completed accurately and on time
• Maintaining accurate and complete financial, employee, and client records
• Processing adjustments to accounts as needed
• Compiling, analyzing, and reporting financial information to management and government agencies
• Setting and tracking department goals, policies, and procedures
• Hiring, training, and managing Accounts Receivable staff members
• Resolving conflicts and managing the collections process
• Creating and implementing strategies to increase the number of successful collections on outstanding debt
• Reconciling the accounts receivable ledger to ensure all payments are accounted for and correctly posted
• Verifying totals and preparing reports

 

Accounts Receivable Manager Job Description Template

Job Brief

We are seeking a skilled and results-driven Accounts Receivable Manager to oversee our receivables process.

The Accounts Receivable Manager’s responsibilities include managing the collection process, conducting credit checks, reconciling customer accounts, staying updated with industry laws and regulations, and maintaining accurate records.

Our ideal candidate has a strong understanding of accounting principles and financial analysis and is well-versed in account receivable functions.

 

Responsibilities

• Oversee and streamline billing and collections processes
• Plan and implement quality assurance for all processes
• Ensure all customers remain informed on their outstanding debts and deadlines
• Manage and ensure timely collection of outstanding receivables
• Provide solutions to any relative problems of clients
• Conduct credit checks and set credit limits
• Prepare monthly, quarterly, annual and ad-hoc forecasting reports
• Maintain accurate records of accounts receivable transactions
• Stay updated with industry legislation and regulations

 

Qualifications

• Proven experience as an Accounts Receivable Manager or similar role
• Good understanding of revenue recognition and general accounting principles
• Proficient in MS Office (especially Excel) and accounting software
• Good understanding of billing and financial concepts
• Excellent mathematical and analytical skills
• Great attention to detail
• Good organizational and leadership skills
• BSc/BA in Accounting, Finance or relevant field

 

Benefits

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

 

Additional Information

• Job Title: Accounts Receivable Manager
• Work Environment: Office setting with options for remote work. Occasional travel may be required for team meetings or client consultations.
• Reporting Structure: Reports to the Finance Director or Chief Financial Officer.
• Salary: Salary is based upon candidate experience and qualifications, as well as market and business considerations.
• Pay Range: $65,000 minimum to $100,000 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 Manager Do?

An Accounts Receivable Manager generally works in the finance or accounting department of a company.

They are responsible for overseeing all operations related to the collection of revenue owed to their company by its clients.

Their primary responsibility is to manage and supervise the accounts receivable staff, ensuring that all payments are collected on time and processed accurately.

This includes designing and implementing policies and procedures for the receivables process, such as billing, cash applications, credit, collections, and dispute management.

Accounts Receivable Managers also take the lead in communicating with clients regarding outstanding balances, negotiating payment plans, and handling escalated issues related to past due accounts.

They may also have to work in close collaboration with the sales and customer service teams to resolve complex customer disputes regarding billing and collections.

In addition, they are often in charge of preparing and presenting financial reports related to accounts receivable to senior management.

This includes conducting account reconciliations, aging reports, cash flow forecasts, and assisting in budget preparation.

A crucial part of their role is also to ensure compliance with internal controls and external regulations, and to keep abreast of the latest best practices in receivable management.

They may also assist with audits and implement any necessary changes or improvements to the receivables process.

 

Accounts Receivable Manager Qualifications and Skills

An Accounts Receivable Manager should have the skills and qualifications that align with your job description, such as:

• Strong mathematical and computational skills to accurately manage financial data and perform financial analysis.
• Excellent communication skills to interact with clients and internal departments, and to resolve any discrepancies or inquiries regarding payments.
• Strong time management and organizational skills to manage multiple accounts and ensure timely collection of payments.
• Problem-solving skills to identify and resolve any issues related to accounts receivable.
• Knowledge of accounts receivable practices, billing procedures, and collections regulations.
• Proficiency in financial software and various computer applications to maintain and organize financial records.
• Leadership and team management skills to oversee the accounts receivable team and ensure they perform their duties effectively.
• Attention to detail to ensure accuracy in financial reports and data.
• Ability to meet deadlines and handle pressure while maintaining professionalism and composure.

 

Accounts Receivable Manager Experience Requirements

Accounts Receivable Managers usually have a minimum of a bachelor’s degree in finance, accounting, or a related field.

In addition to education, they are expected to have at least 5 to 7 years of experience in an accounts receivable role with a progressive increase in responsibility.

During this time, they should have gained solid experience in billing, collections, and cash applications, as well as in managing customer credit risks.

Working knowledge of accounting software and ERP systems is also often required, along with a strong understanding of applicable accounting standards and regulations.

Candidates with more than 7 years of experience often have a deep understanding of the entire order-to-cash process, have developed strong leadership skills, and have proven ability to manage and develop a team.

Those with more than 10 years of experience might have also gained valuable experience in process improvement and change management, and are typically ready for senior-level roles or director positions in finance or accounting departments.

Certifications such as Certified Credit and Collections Professional (CCCP) or Certified Receivables Compliance Professional (CRCP) can also be advantageous.

 

Accounts Receivable Manager Education and Training Requirements

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

They need a strong understanding of financial principles and practices, familiarity with accounting software, and knowledge of relevant laws and regulations.

Many employers prefer candidates with a master’s degree in accounting or business administration, especially for leadership roles.

This advanced education can enhance the knowledge and skills needed for managing financial operations and making strategic decisions.

Accounts Receivable Managers often need to have professional certification such as the Certified Public Accountant (CPA) or the Certified Management Accountant (CMA).

These certifications validate the candidate’s professional competency and adherence to ethical standards.

Work experience in accounts receivable or a related field is typically required.

This experience helps managers understand and supervise the process of billing, collecting, and reporting on the financial transactions of a business.

In addition to these formal requirements, Accounts Receivable Managers should have excellent communication, leadership, and problem-solving skills.

Ongoing professional development and training is also important in this role, to keep up with changes in financial regulations and technologies.

 

Accounts Receivable Manager Salary Expectations

An Accounts Receivable Manager can expect to earn an average salary of $64,185 (USD) per year.

The actual salary can vary significantly depending on the individual’s experience, the size and sector of the company they work for, and the geographical location of the job.

 

Accounts Receivable Manager Job Description FAQs

What skills does an Accounts Receivable Manager need?

An Accounts Receivable Manager should possess strong leadership and communication skills to manage the Accounts Receivable team effectively.

They need strong analytical skills to understand and interpret financial data, as well as attention to detail for accurate record keeping.

A strong understanding of accounting software and proficiency in Microsoft Office, particularly Excel, is also necessary.

 

Do Accounts Receivable Managers need a degree?

Most Accounts Receivable Managers are required to have a bachelor’s degree in finance, accounting, or a related field.

Some businesses may prefer candidates with a master’s degree or Certified Public Accountant (CPA) certification.

Experience in Accounts Receivable or a related field is typically required, and management experience is often preferred.

 

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

A resume for an Accounts Receivable Manager should demonstrate strong accounting and management experience.

It should also highlight skills such as team leadership, detail-oriented tasks, and the ability to manage multiple deadlines.

Evidence of continuing education in accounting or financial management can also be a strong asset.

 

What qualities make a good Accounts Receivable Manager?

A good Accounts Receivable Manager is a strong leader, able to motivate and guide their team effectively.

They are detail-oriented and have strong analytical skills to understand financial data.

Good Accounts Receivable Managers are also reliable and trustworthy, as they deal with sensitive financial information.

They should also be capable of multitasking and managing deadlines in a fast-paced environment.

 

What are the daily duties of an Accounts Receivable Manager?

An Accounts Receivable Manager typically starts their day by reviewing any unpaid invoices and following up with customers or clients.

They may also spend time training or providing guidance to their team.

Part of their day will be dedicated to preparing financial reports and forecasts, as well as resolving any discrepancies in the accounts receivable ledger.

They may also spend time liaising with other departments, such as Sales or Customer Service, to resolve billing issues.

 

Conclusion

And there you have it.

Today, we’ve unraveled the intricate responsibilities involved in being an Accounts Receivable Manager.

Guess what?

It’s not just about managing invoices.

It’s about orchestrating the financial flow and maintaining the fiscal health of your organization, one invoice at a time.

With our practical Accounts Receivable Manager job description template and real-world examples, you’re ready to take the next step.

But why limit yourself?

Delve further with our job description generator. It’s your next step towards creating precise job listings or refining your resume to stand out.

Remember:

Every invoice is a part of the broader financial framework.

Let’s shape that future. Together.

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