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Accounts receivable manager vs accounts receivable specialist

The differences between accounts receivable managers and accounts receivable specialists can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 6-8 years to become an accounts receivable manager, becoming an accounts receivable specialist takes usually requires 6-12 months. Additionally, an accounts receivable manager has an average salary of $69,403, which is higher than the $39,873 average annual salary of an accounts receivable specialist.

The top three skills for an accounts receivable manager include customer service, accounts receivables and financial reports. The most important skills for an accounts receivable specialist are customer service, patients, and data entry.

Accounts receivable manager vs accounts receivable specialist overview

Accounts Receivable ManagerAccounts Receivable Specialist
Yearly salary$69,403$39,873
Hourly rate$33.37$19.17
Growth rate17%-8%
Number of jobs53,85961,988
Job satisfaction-4.5
Most common degreeBachelor's Degree, 55%Bachelor's Degree, 45%
Average age4646
Years of experience812

What does an accounts receivable manager do?

An accounts receivable manager is responsible for overseeing the financial matters in a business or company, focusing on the generated sales and income. Moreover, they are also responsible for maintaining an accurate and efficient collection of payments, conducting research and analysis, and supervising the workforce, striving to meet all the goals within the allotted time. As a manager in the department, it is also vital to lead fellow skilled professionals and implement the policies and regulations of the company or organization.

What does an accounts receivable specialist do?

Accounts receivable specialists are members of the organization's finance or accounting department. They are responsible for managing the collection of payments for the company. They prepare official receipts and coordinate with account payable specialists from other companies with pending payables. They ensure that clients pay on time, and they also follow up on payments when necessary. They are responsible for checking whether the clients have already paid in full. Accounts receivable specialists are in charge of updating accounting records as well to ensure that client records are up to date.

Accounts receivable manager vs accounts receivable specialist salary

Accounts receivable managers and accounts receivable specialists have different pay scales, as shown below.

Accounts Receivable ManagerAccounts Receivable Specialist
Average salary$69,403$39,873
Salary rangeBetween $42,000 And $114,000Between $31,000 And $50,000
Highest paying CitySan Francisco, CAWashington, DC
Highest paying stateCaliforniaConnecticut
Best paying companyMetaInfosysPublicService
Best paying industryTechnologyTechnology

Differences between accounts receivable manager and accounts receivable specialist education

There are a few differences between an accounts receivable manager and an accounts receivable specialist in terms of educational background:

Accounts Receivable ManagerAccounts Receivable Specialist
Most common degreeBachelor's Degree, 55%Bachelor's Degree, 45%
Most common majorBusinessBusiness
Most common collegeUniversity of Pennsylvania-

Accounts receivable manager vs accounts receivable specialist demographics

Here are the differences between accounts receivable managers' and accounts receivable specialists' demographics:

Accounts Receivable ManagerAccounts Receivable Specialist
Average age4646
Gender ratioMale, 25.0% Female, 75.0%Male, 18.2% Female, 81.8%
Race ratioBlack or African American, 7.8% Unknown, 4.1% Hispanic or Latino, 15.0% Asian, 7.6% White, 65.1% American Indian and Alaska Native, 0.3%Black or African American, 12.9% Unknown, 4.2% Hispanic or Latino, 19.0% Asian, 3.9% White, 59.6% American Indian and Alaska Native, 0.5%
LGBT Percentage11%8%

Differences between accounts receivable manager and accounts receivable specialist duties and responsibilities

Accounts receivable manager example responsibilities.

  • Manage payroll activities including calculating and distributing payroll checks and making monthly withholding deposits to the IRS via EFTPS website.
  • Accomplish, results-orient professional with a strong background in TABS3 management and QuickBooks utilization.
  • Manage all accounts receivable activities including billing, customer dispute resolution, cash application collections, write-offs and month-end reconciliations.
  • Review claims hold up in EDI, and initiate pathway in working claims edits, claims follow up and appeals.
  • Run GL transfer and post daily.
  • Utilize multiple ERP systems for billing and collection purposes.
  • Show more

Accounts receivable specialist example responsibilities.

  • Manage profitable accounts receivable ledgers for existing and new clientele maintaining accuracy of monies enter to appropriate relate account.
  • Perform accounts reconciliations, complex invoice research, statement reconciliations, complex invoice research, statement reconciliation and journal entries.
  • Follow company's standard operating procedures in cooperation with Medicare, Medicaid and private insurance providers to resolve billing issues.
  • Cash and credit allocation of customer payments in ROSS ERP system.
  • Prepare PowerPoint presentations, word documents, letters and spreadsheets while meeting deadlines.
  • Reconcile direct billing accounts and adjust product pricing utilizing JD Edwards EnterpriseONE ERP system.
  • Show more

Accounts receivable manager vs accounts receivable specialist skills

Common accounts receivable manager skills
  • Customer Service, 14%
  • Accounts Receivables, 8%
  • Financial Reports, 6%
  • Reconciliations, 5%
  • Payroll, 4%
  • Customer Accounts, 4%
Common accounts receivable specialist skills
  • Customer Service, 15%
  • Patients, 9%
  • Data Entry, 5%
  • Credit Card Payments, 4%
  • Reconciliations, 4%
  • Accounts Receivables, 3%

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