Accounts Receivable Manager job description

An Accounts Receivable Manager is responsible for overseeing the financial transactions and accounts receivable processes within a company. They play a crucial role in ensuring the accuracy and timeliness of invoice preparation and collection, while also managing and resolving any issues that may arise with customers’ accounts. In this job description, we outline the minimum requirements, qualifications, and recommended skillset for the role of an Accounts Receivable Manager.

The Accounts Receivable Manager is responsible for performing a wide range of tasks to ensure efficient and effective management of the accounts receivable function. Some of the key responsibilities include:

• Supervising and managing the accounts receivable team.
• Overseeing the collections process and ensuring timely receipt of payments.
• Reviewing and reconciling customer accounts to ensure accuracy and resolve any discrepancies or issues.
• Preparing and sending out invoices to customers.
• Maintaining accurate and up-to-date records of all transactions and customer interactions.
• Managing credit terms and limits for customers.
• Monitoring and reporting on accounts receivable performance and aging.
• Handling customer inquiries and resolving any billing or payment disputes.
• Collaborating with other departments, such as sales and customer service, to ensure smooth and efficient operations.
• Implementing and improving accounts receivable processes and procedures.

To be considered for the role of an Accounts Receivable Manager, the following minimum requirements are necessary:

• Proven experience as an Accounts Receivable Manager or in a similar role.
• Strong knowledge of accounting principles and practices.
• Familiarity with financial software and proficiency in using accounting systems.
• Excellent numerical and analytical skills.
• Strong attention to detail and accuracy.
• Effective communication and interpersonal skills.
• Ability to work independently and in a team environment.
• Proficiency in Microsoft Office, particularly Excel.
• Ability to multitask and prioritize work effectively.
• Strong problem-solving and decision-making abilities.
• Knowledge of relevant laws, regulations, and best practices in accounts receivable management.

The following minimum qualifications are required for the role of an Accounts Receivable Manager:

• Bachelor’s degree in accounting, finance, or a related field.
• Professional certification in accounting or finance (e.g., CPA, CMA) is preferred but not mandatory.
• Previous experience in managing a team is highly desirable.
• Proven track record of successfully managing accounts receivable functions.

In addition to the minimum requirements and qualifications, the following skills are recommended for an Accounts Receivable Manager:

• Leadership and supervisory skills.
• Attention to detail and high level of accuracy.
• Strong organizational and time management skills.
• Excellent problem-solving and decision-making abilities.
• Ability to work under pressure and meet tight deadlines.
• Proficiency in using accounting software and ERP systems.
• Knowledge of industry-specific regulations and compliance.
• Advanced Excel skills for data analysis and reporting.
• Excellent written and verbal communication skills.
• Customer service orientation and strong relationship-building skills.
• Flexibility and adaptability to changing priorities and business needs.

In summary, an Accounts Receivable Manager plays a vital role in ensuring the smooth and efficient management of a company’s accounts receivable function. Their responsibilities include overseeing the collections process, resolving customer inquiries, and maintaining accurate records. The minimum requirements for this role include experience as an Accounts Receivable Manager, knowledge of accounting principles, and proficiency in financial software. A bachelor’s degree in accounting or finance is the minimum qualification, and additional certifications and previous team management experience are highly desirable. Strong leadership, organizational, and problem-solving skills, along with proficiency in accounting software and advanced Excel, are recommended for success in this role.