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Accounts receivable manager hiring summary. Here are some key points about hiring accounts receivable managers in the United States:
Here's a step-by-step accounts receivable manager hiring guide:
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.
Before you start hiring an accounts receivable manager, identify what type of worker you actually need. Certain positions might call for a full-time employee, while others can be done by a part-time worker or contractor.
An accounts receivable manager's background is also an important factor in determining whether they'll be a good fit for the position. For example, accounts receivable managers from different industries or fields will have radically different experiences and will bring different viewpoints to the role. You also need to consider the candidate's previous level of experience to make sure they'll be comfortable with the job's level of seniority.
This list presents accounts receivable manager salaries for various positions.
| Type of Accounts Receivable Manager | Description | Hourly rate |
|---|---|---|
| Accounts Receivable Manager | Financial managers are responsible for the financial health of an organization. They produce financial reports, direct investment activities, and develop strategies and plans for the long-term financial goals of their organization. | $20-54 |
| Manager/Finance Accounting | A manager of finance accounting's role is to oversee the financial activities in a company or organization. Their responsibilities revolve around coordinating with other departments to gather financial data, analyze the revenues and expenditures, and develop written reports and presentations... Show more | $31-61 |
| Credit Manager | A credit manager is a professional who supervises the credit granting process for a company by evaluating the creditworthiness of potential customers. Credit managers must maintain corporate credit policy to optimize company sales and reduce bad debt losses... Show more | $18-57 |
Including a salary range in your accounts receivable manager job description helps attract top candidates to the position. An accounts receivable manager salary can be affected by several factors, such as geography, experience, seniority, certifications, and the prestige of the hiring company.
For example, the average salary for an accounts receivable manager in Vermont may be lower than in California, and an entry-level accounts receivable manager usually earns less than a senior-level accounts receivable manager. Additionally, an accounts receivable manager with certifications may command a higher salary, and working for a well-known company or start-up may also impact an employee's pay.
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | California | $104,229 | $50 |
| 2 | Connecticut | $84,463 | $41 |
| 3 | Oregon | $82,248 | $40 |
| 4 | New Jersey | $81,952 | $39 |
| 5 | New York | $79,439 | $38 |
| 6 | Nevada | $74,191 | $36 |
| 7 | Illinois | $73,364 | $35 |
| 8 | Maryland | $71,216 | $34 |
| 9 | Pennsylvania | $70,407 | $34 |
| 10 | Massachusetts | $68,942 | $33 |
| 11 | Texas | $67,355 | $32 |
| 12 | Virginia | $65,181 | $31 |
| 13 | Louisiana | $64,979 | $31 |
| 14 | Arizona | $64,664 | $31 |
| 15 | North Carolina | $62,710 | $30 |
| 16 | Colorado | $62,477 | $30 |
| 17 | Georgia | $61,119 | $29 |
| 18 | Michigan | $60,475 | $29 |
| 19 | Ohio | $58,031 | $28 |
| 20 | Florida | $57,135 | $27 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Meta | $167,071 | $80.32 | 71 |
| 2 | Apple | $150,544 | $72.38 | 3 |
| 3 | KLA | $138,585 | $66.63 | |
| 4 | Ernst & Young | $133,949 | $64.40 | 1,903 |
| 5 | Methode Electronics | $126,211 | $60.68 | 8 |
| 6 | Amazon | $115,921 | $55.73 | 160 |
| 7 | Autodesk | $115,072 | $55.32 | 1 |
| 8 | AMC Networks | $114,876 | $55.23 | |
| 9 | Guidehouse | $110,269 | $53.01 | 29 |
| 10 | Snowflake Computing | $109,619 | $52.70 | 4 |
| 11 | Abbott | $109,091 | $52.45 | 10 |
| 12 | Nike | $108,460 | $52.14 | |
| 13 | Motorola Solutions | $106,693 | $51.29 | 3 |
| 14 | Amneal Pharmaceuticals | $100,888 | $48.50 | |
| 15 | Supermicro | $93,721 | $45.06 | |
| 16 | University of Maryland Medical System | $89,370 | $42.97 | 2 |
| 17 | Kent Daniels & Associates | $82,306 | $39.57 | |
| 18 | Career Company in Silicon Valley | $81,811 | $39.33 | 1 |
| 19 | GEHA Health | $81,519 | $39.19 | 2 |
| 20 | Kforce | $81,133 | $39.01 | 85 |
A good accounts receivable manager job description should include a few things:
Including a salary range and the first name of the hiring manager is also appreciated by candidates. Here's an example of an accounts receivable manager job description:
To find accounts receivable managers for your business, try out a few different recruiting strategies:
Recruiting accounts receivable managers requires you to bring your A-game to the interview process. The first interview should introduce the company and the role to the candidate as much as they present their background experience and reasons for applying for the job. During later interviews, you can go into more detail about the technical details of the job and ask behavioral questions to gauge how they'd fit into your current company culture.
Remember to include a few questions that allow candidates to expand on their strengths in their own words. Asking about their unique skills might reveal things you'd miss otherwise. At this point, good candidates can move on to the technical interview.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you've selected the best accounts receivable manager candidate for the job, it's time to write an offer letter. In addition to salary, this letter should include details about the benefits and perks you offer the candidate. Ensuring that your offer is competitive is essential, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and you should be open to discussion. After you reach an agreement, the final step is formalizing the agreement with a contract.
It's also good etiquette to follow up with applicants who don't get the job by sending them an email letting them know that the position has been filled.
Once that's done, you can draft an onboarding schedule for the new accounts receivable manager. Human Resources should complete Employee Action Forms and ensure that onboarding paperwork is completed, including I-9s, benefits enrollment, federal and state tax forms, etc. They should also ensure that new employee files are created for internal recordkeeping.
There are different types of costs for hiring accounts receivable managers. One-time cost per hire for the recruitment process. Ongoing costs include employee salary, training, onboarding, benefits, insurance, and equipment. It is essential to consider all of these costs when evaluating hiring a new accounts receivable manager employee.
You can expect to pay around $69,403 per year for an accounts receivable manager, as this is the median yearly salary nationally. This can vary depending on what state or city you're hiring in. If you're hiring for contract work or on a per-project basis, hourly rates for accounts receivable managers in the US typically range between $20 and $54 an hour.