All Job descriptions Accounts Receivable Manager
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Accounts Receivable Manager

We are looking for an Accounts Receivable Manager in the accounting department of our company to look after payment transactions to be upheld by our clients to our company. You will need to maintain ledgers, oversee invoice and bill processing, maintain spreadsheets and database of important information and uphold the company’s policies and image with customers, therefore contributing to its growth.

 

Accounting Industry

The field of accounting involves the processing and documenting of financial information about corporations and businesses.


What to expect from the role

  • Hands-on experience with managing and supervising the accounts receivable department and ensuring the payments are collected from clients on time.
  • Exposure to accounting processes, client servicing, etc.
  • Learning how to organize, multitask and manage time.
  • Learn on the job regarding the best practices in accounting.
  • Exposure to the field of accounting and its various responsibilities.


Responsibilities

  • In charge of collecting payments from clients and ensure they are done on time.
  • Manages the staff part of the accounts receivable department of the company.
  • Set regular weekly and monthly deadlines to process the payment and accounts.
  • Prepare reports of regular intervals (monthly, quarterly and annual) making forecasts on payment flow.
  • Oversee the processing and organising of bills, records and invoices ensuring quality maintenance at every step.
  • Ensure that all practices comply with the law.
  • Negotiate and settle non-payment disputes with clients efficiently.
  • Keep in touch with the industry’s best practices and keep updating.
  • Ensuring the accounting team is working in the best capacity.
  • Keeps track of all payment transactions to be upheld by the company’s clients.


Requirements

  • A bachelor's degree in business administration, accounting, finance, or related field preferred
  • Five or more years of accounting experience and a CPA certificate is a plus.
  • Experience with leadership roles and display problem-solving capabilities.
  • Basic computer skills (MS Office) with prior experience working with accounting software like General Ledger (Costpoint) software.
  • Strong interpersonal and communication skills to interact with employees, superiors and customers.
  • Strong analytical and time management skills.
  • Good presentation skills.
  • Well planned, organised with keen attention to detail.


Average Salary

The average salary per annum is $85,735.

Source - salary.com

Career Path

Accounts Receivable Manager is an intermediate level job. It is the role responsible for collecting all payments on behalf of the company, supervising the accounts receivable department and staff in the organization. It also includes tasks like ensuring company policy is adhered to and payment deadlines are met. Here are a few steps you can take towards this job:

  • A bachelor's degree in business administration, accounting, finance, or related field preferred
  • Masters and further training in similar fields.
  • Additional certification like CPA.
  • 5+ years of experience in the field of accounting.


Career Progression

With appropriate experience in this job role you can move to other jobs:

  • Account Payable Manager
  • Senior Account Receivable Manager
  • Senior Accounts Manager

With appropriate experience in this job role you can move to other jobs:

  • Purchasing
  • Banking
  • Management


Sample Questions

Personal
  • Why did you choose a job in accounting?

  • What qualities do you have will help you with this job?

  • Where do you see yourself in 5 years?

Human Resources
  • What prior experience do you have in this field?

  • How soon can you start and how long do you wish to work?

  • Are you comfortable working overtime?

Management
  • How would you ensure you close the account receivable period?

  • How will you handle a disgruntled client?

  • How would you organise multiple deadlines?

Technical skills and knowledge
  • How would you handle a discrepancy in bills?

  • Describe the steps that go into journal entry.

  • What is the best way to approach a client who has not made a payment?