An accounts receivable specialist is there to set the record straight. The financial record, that is. From bookkeeping duties to making sure software logs stay up-to-date, companies really rely on their accounts receivable specialists to make sure they're staying in compliance with financial laws.
These specialists are responsible for a whole lot more than just normal bookkeeping activities though. And because of that, they're especially useful in lots of different industries. Almost every company needs an accounts receivable specialist, which means there is a lot of opportunity tied to this job title.
With the number of job opportunities you'll find in this career, it's hard to see why anyone would want to be anything else. Although, the amount of stress may be the reason. Sometimes, if not all the time, you'll be dealing with accounts that have large sums of money tied to them. The stress of getting everything perfect all the time can really add a lot of stress to the job. So you might want to enroll in a yoga class or two if this is the route for you.
There is more than meets the eye when it comes to being an accounts receivable specialist. For example, did you know that they make an average of $17.3 an hour? That's $35,984 a year!
Between 2018 and 2028, the career is expected to grow -8% and produce -19,400 job opportunities across the U.S.
There are certain skills that many accounts receivable specialists have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed listening skills, negotiating skills and speaking skills.
When it comes to the most important skills required to be an accounts receivable specialist, we found that a lot of resumes listed 15.9% of accounts receivable specialists included customer service, while 7.9% of resumes included general ledger accounts, and 5.9% of resumes included insurance companies. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.
When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the accounts receivable specialist job title. But what industry to start with? Most accounts receivable specialists actually find jobs in the health care and technology industries.
If you're interested in becoming an accounts receivable specialist, one of the first things to consider is how much education you need. We've determined that 36.8% of accounts receivable specialists have a bachelor's degree. In terms of higher education levels, we found that 3.6% of accounts receivable specialists have master's degrees. Even though some accounts receivable specialists have a college degree, it's possible to become one with only a high school degree or GED.
Choosing the right major is always an important step when researching how to become an accounts receivable specialist. When we researched the most common majors for an accounts receivable specialist, we found that they most commonly earn bachelor's degree degrees or associate degree degrees. Other degrees that we often see on accounts receivable specialist resumes include high school diploma degrees or diploma degrees.
You may find that experience in other jobs will help you become an accounts receivable specialist. In fact, many accounts receivable specialist jobs require experience in a role such as customer service representative. Meanwhile, many accounts receivable specialists also have previous career experience in roles such as accounts payable clerk or administrative assistant.