Accounts Receivable Manager job description

Accounts Receivable Manager Roles Job Description Formats
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Contents

Introduction

An accounts receivable manager is a professional responsible for overseeing and managing a company’s accounts receivable function. The role involves managing and tracking the company’s outstanding invoices and ensuring that customers pay their bills on time.

This Accounts Receivable Manager job description template is optimized for posting to online job boards and careers pages. Add specific duties and responsibilities to attract the most qualified candidates for your company.

Accounts Receivable Manager responsibilities

  • Setting objectives for the account receivable team that align with the accounting department’s goals
  • Monitoring processing of invoices
  • Ensuring timely collection of payments

Job Description Sample

We are looking for an Accounts Receivable Manager to oversee the entire process of collecting payments from our company’s customers.

The main responsibilities for this role include managing invoices, handling missed payments and supervising Accounts Receivable Clerks. Our ideal candidate is familiar with all accounting procedures and can manage daily financial transactions end-to-end. If you have previous experience managing a financial team, we’d like to meet you.

Ultimately, you should be able to ensure accuracy and efficiency throughout our entire accounts receivable process.

Responsibilities

  • Set objectives for the accounts receivable team that align with the accounting department’s goals
  • Monitor processing of invoices
  • Ensure timely collection of payments
  • Conduct credit checks
  • Negotiate with clients in non-payment cases
  • Prepare monthly, quarterly, annual and ad-hoc forecasting reports
  • Organize records of invoices, bills and deposits
  • Ensure high-quality invoicing and collection procedures that comply with the law
  • Support Accounts Receivable Clerks on a daily basis and train new team members
  • Ensure all team members follow the accounting principles
  • Stay updated on industry and legislative changes

Requirements and skills

  • Proven work experience as an Accounts Receivable Manager or Supervisor
  • Hands-on experience with accounting software
  • Familiarity with advanced formulas in MS Excel
  • Excellent analytical skills along with the ability to create and present detailed reports
  • Ability to accurately process numerical data
  • Team management and negotiation skills
  • Problem-solving attitude
  • Confidentiality
  • BSc degree in Accounting or Finance
  • CPA certification is a plus

Frequently Asked Questions

What are the duties and responsibilities of an Accounts Receivable Manager ?

The primary responsibility of an accounts receivable manager is to manage the company's accounts receivable process, including invoicing, collections, and resolving customer billing issues. This involves developing and implementing policies and procedures to ensure that invoices are accurate and sent out in a timely manner, and that payments are collected promptly.

An accounts receivable manager may also be responsible for analyzing customer payment trends and developing strategies to improve collections and reduce the company's outstanding accounts receivable balance. Other duties may include reconciling accounts receivable records, preparing reports and financial statements, and communicating with other departments within the company to resolve any billing issues or discrepancies.

How to become an Accounts Receivable Manager ?

To become an accounts receivable manager, candidates typically require a bachelor's degree in accounting, finance, or a related field, along with several years of experience in accounts receivable or a similar accounting role. Strong communication skills, attention to detail, and proficiency in accounting software are also important qualifications for the role.

Other Accounting Roles Job Description

  • Explore other Accounting roles and their job description by selecting any of the below titles. A rich accounting job description is a great start. Use job description templates by FormatWorks to: 
  • show understanding of the accounting skills and knowledge you’re looking for 
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