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.
Accounts receivable manager responsibilities
Here are examples of responsibilities from real accounts receivable manager resumes:
- 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.
- Delve into EDI issues relate to A/R and resolve to satisfaction of employer and customers.
- Coincide with accountants for proper GL coding and use discrepancy with finance charges other minor allowances.
- Assist with all month-end close out, troubleshooting miscellaneous payments plus scanning and filing EOB's.
- Prepare documents need for claims, complete A/R for private insurance companies, and process denial claims and appeals.
- Contact all main and third party clients to resolve issues, discuss accounts, follow up on invoice payment etc.
- Contribute support and expertise in accounts receivable (A/R), collections, team leadership and account / client management.
- Reduce DSO for the company from over 100 to 60 in patient collections, and 29 to 14 in insurance collections.
- Pull all wires, ACH's, return checks and locate each remittance or backup and assign to someone to complete.
- Implement an electronic check processing system for acceptance of ACH payments, which eliminate $300K per year in NSF checks.
Accounts receivable manager skills and personality traits
We calculated that 14% of Accounts Receivable Managers are proficient in Customer Service, Accounts Receivables, and Financial Reports. They’re also known for soft skills such as Analytical skills, Communication skills, and Organizational skills.
We break down the percentage of Accounts Receivable Managers that have these skills listed on their resume here:
- Customer Service, 14%
Directed, supervised and trained accounting staff to ensure comprehensive understanding of company policies, productivity goals and customer service standards.
- Accounts Receivables, 8%
Worked with Administrative Director to development and implement overall strategy, fiscal plans and departmental goals for management of accounts receivables.
- Financial Reports, 6%
Monitored general expenses to ensure accuracy, reducing need for transfers, and facilitating accurate monthly financial reports.
- Reconciliations, 5%
Managed all accounts receivable activities including billing, customer dispute resolution, cash application collections, write-offs and month-end reconciliations.
- Payroll, 4%
Led successful turnaround /stabilization of Payroll Department through relationship building, and assessment/realignment of staff.
- Customer Accounts, 4%
Facilitated/researched a weekly accounts receivable credit balance report and notified finance as well as sales credit balances reflecting on customer accounts.
Most accounts receivable managers use their skills in "customer service," "accounts receivables," and "financial reports" to do their jobs. You can find more detail on essential accounts receivable manager responsibilities here:
Analytical skills. One of the key soft skills for an accounts receivable manager to have is analytical skills. You can see how this relates to what accounts receivable managers do because "to assist executives in making decisions, financial managers need to evaluate data and information that affects their organization." Additionally, an accounts receivable manager resume shows how accounts receivable managers use analytical skills: "cash receipts application analysis report- to credit salespersons commission account. "
Communication skills. Another soft skill that's essential for fulfilling accounts receivable manager duties is communication skills. The role rewards competence in this skill because "financial managers must be able to explain and justify complex financial transactions." According to an accounts receivable manager resume, here's how accounts receivable managers can utilize communication skills in their job responsibilities: "utilize strong communication skills to assist in collecting customer payments. "
Organizational skills. This is an important skill for accounts receivable managers to perform their duties. For an example of how accounts receivable manager responsibilities depend on this skill, consider that "because financial managers deal with a range of information and documents, they must have structures in place to be effective in their work." This excerpt from a resume also shows how vital it is to everyday roles and responsibilities of an accounts receivable manager: "exercised strong organizational skills to post daily a/r transactions, reconciled to general ledger, and participated in preparing financial statements. ".
Detail oriented. accounts receivable manager responsibilities often require "detail oriented." The duties that rely on this skill are shown by the fact that "in preparing and analyzing reports, such as balance sheets and income statements, financial managers must be precise and attentive to their work in order to avoid errors." This resume example shows what accounts receivable managers do with detail oriented on a typical day: "implemented cash forecasting process that accurately projected cash receipts in detail by customer. "
Math skills. Another crucial skill for an accounts receivable manager to carry out their responsibilities is "math skills." A big part of what accounts receivable managers relies on this skill, since "financial managers need strong skills in certain branches of mathematics, including algebra." How this skill relates to accounts receivable manager duties can be seen in an example from an accounts receivable manager resume snippet: "compile reports to show statistics, such as cash receipts, accounts receivable, etc. "
The three companies that hire the most accounts receivable managers are:
- Oracle48 accounts receivable managers jobs
- Women's Care18 accounts receivable managers jobs
- Robert Half13 accounts receivable managers jobs
Choose from 10+ customizable accounts receivable manager resume templates
Build a professional accounts receivable manager resume in minutes. Our AI resume writing assistant will guide you through every step of the process, and you can choose from 10+ resume templates to create your accounts receivable manager resume.
Compare different accounts receivable managers
Accounts receivable manager vs. 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. A manager of finance accounting must also maintain accurate financial records, identify any errors or inconsistencies, and perform support tasks for staff when necessary. Furthermore, as a manager, it is essential to lead and encourage the team, all while implementing the company's policies and regulations.
While similarities exist, there are also some differences between accounts receivable managers and manager/finance accounting. For instance, accounts receivable manager responsibilities require skills such as "payroll," "customer accounts," "medicaid," and "medicare." Whereas a manager/finance accounting is skilled in "cpa," "gaap," "internal controls," and "due diligence." This is part of what separates the two careers.
Managers/finance accounting tend to make the most money working in the government industry, where they earn an average salary of $92,198. In contrast, accounts receivable managers make the biggest average salary, $83,928, in the technology industry.On average, managers/finance accounting reach higher levels of education than accounts receivable managers. Managers/finance accounting are 11.5% more likely to earn a Master's Degree and 0.2% less likely to graduate with a Doctoral Degree.Accounts receivable manager vs. Credit manager
A credit manager is an individual 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. They must manage the proper relationship with agencies such as the collection agency, credit insurance providers, and the sales department. Credit managers may work in different industries such as banks, accounting firms, or auto dealerships. They must also possess a bachelor's degree in financial management or related field.
While some skills are similar in these professions, other skills aren't so similar. For example, resumes show us that accounts receivable manager responsibilities requires skills like "reconciliations," "general ledger accounts," "medicaid," and "process improvement." But a credit manager might use other skills in their typical duties, such as, "credit card," "credit risk," "credit policy," and "credit lines."
Credit managers may earn a lower salary than accounts receivable managers, but credit managers earn the most pay in the finance industry with an average salary of $86,294. On the other hand, accounts receivable managers receive higher pay in the technology industry, where they earn an average salary of $83,928.Average education levels between the two professions vary. Credit managers tend to reach similar levels of education than accounts receivable managers. In fact, they're 1.4% more likely to graduate with a Master's Degree and 0.2% less likely to earn a Doctoral Degree.Accounts receivable manager vs. Branch manager
Branch managers oversee the company's field office. This position is usually present in industries such as banking and food service. Branch managers are responsible for all aspects of the branch operations, including, but not limited to, finances, marketing, quality control, and human resources. They ensure that the goals of the branch are met in the most efficient way possible. They balance the needs of both the organization and the employees in the department. Branch managers are also expected to have a hand in training the employees to be useful members of the organization.
Some important key differences between the two careers include a few of the skills necessary to fulfill the responsibilities of each. Some examples from accounts receivable manager resumes include skills like "customer service," "accounts receivables," "cash application," and "general ledger accounts," whereas a branch manager is more likely to list skills in "customer satisfaction," "business development," "branch management," and "human resources. "
Branch managers earn the highest salary when working in the professional industry, where they receive an average salary of $55,380. Comparatively, accounts receivable managers have the highest earning potential in the technology industry, with an average salary of $83,928.branch managers typically earn similar educational levels compared to accounts receivable managers. Specifically, they're 0.0% less likely to graduate with a Master's Degree, and 0.1% less likely to earn a Doctoral Degree.Accounts receivable manager vs. Cash manager
A cash manager is responsible for monitoring cash flow, analyzing financial transactions, and allocating adequate budget and resources for every department's operations. Cash managers conduct data and statistical analysis to determine the company's expenses and financial loss and strategize techniques in minimizing those risks. They also help senior management in identifying business opportunities that would generate more revenue resources and increase profits for the business. A cash manager handles billing disputes, resolves account discrepancies, and submits accurate financial reports.
Even though a few skill sets overlap between accounts receivable managers and cash managers, there are some differences that are important to note. For one, an accounts receivable manager might have more use for skills like "accounts receivables," "general ledger accounts," "medicaid," and "medicare." Meanwhile, some responsibilities of cash managers require skills like "cash management," "treasury," "petty cash," and "cash flow. "
In general, cash managers earn the most working in the manufacturing industry, with an average salary of $101,436. The highest-paying industry for an accounts receivable manager is the technology industry.The average resume of cash managers showed that they earn similar levels of education compared to accounts receivable managers. So much so that theyacirc;euro;trade;re 4.1% more likely to earn a Master's Degree and less likely to earn a Doctoral Degree by 0.2%.Types of accounts receivable manager
Updated January 8, 2025
