Accounts Receivable Manager job description
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What does a Accounts Receivable Manager do?
The Accounts Receivable Manager plays a critical role in managing the company’s incoming finances by ensuring timely collection of receivables. This position is vital in maintaining liquidity, supporting business continuity, and driving financial growth through efficient credit management and customer relations.
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What are the Key Responsibilities of Accounts Receivable Manager
- Oversee the accounts receivable function and manage a team of AR specialists.
- Develop and implement collection strategies that improve cash flow.
- Review and approve credit terms for new and existing customers.
- Monitor customer accounts for non-payments, delayed payments, and other irregularities.
- Prepare regular reports on the status of outstanding receivables and collection activities.
- Resolve customer billing issues and disputes promptly.
- Ensure compliance with financial policies and regulations.
- Collaborate with accounting to reconcile accounts and perform monthly closings.
- Maintain accurate records according to company policies and prepare financial statements.
What are the Skills and Requirements for a Accounts Receivable Manager?
- Proficient in accounting software such as QuickBooks or Oracle.
- Strong analytical and problem-solving skills.
- Excellent communication and negotiation skills.
- Ability to develop and implement effective credit policies.
- Attention to detail and accuracy.
- Ability to work under pressure and meet deadlines.
- Strong leadership and team management skills.
What are the KPIs to track for Accounts Receivable Manager?
The Accounts Receivable Manager's performance is evaluated through improved collection rates, reduction in days sales outstanding (DSO), and enhanced customer satisfaction by effectively resolving disputes and managing credit risk.
Collection Efficiency
Achievement of targeted collection rate from receivables.
Days Sales Outstanding (DSO)
Reduction in average days sales outstanding.
Customer Dispute Resolution
Timely resolution of billing disputes and queries.
Reports to
Director of Finance
Collaborates with
Sales, Customer Service, Accounting Team
Leads
AR Specialists
Are any specific tools or software required for the Accounts Receivable Manager role?
- QuickBooks
- Oracle Financials
- Microsoft Excel
- SAP
- NetSuite
What is the qualification of Accounts Receivable Manager?
Bachelor's degree in Accounting, Finance, or a related field, with 3-5 years of experience in accounts receivable management.
