As a receivable specialist, your area of expertise is the accounting and bookkeeping of payments coming into the organization you work for. Your role is to do bookkeeping, including making revisions to the accounting software, depositing money, and allocating appropriate invoices to customers.
In your position, it is your responsibility that your organization's accounting structure is run smoothly and highly organized. You will be required to resolve issues regarding unsettled payments and draw up weekly reports concerning the payments that have gone in and out of business.
As a receivable specialist, you need to be highly organized, pay attention to detail, and have strong written and oral communication skills. On a daily basis, you are required to conduct account analysis and draw up reports. This is where your analytical and written communication skills kick in. To become a receivable specialist, you will need both your high school diploma as well as an undergraduate degree in either finance or accounting.
There is more than meets the eye when it comes to being a receivables specialist. For example, did you know that they make an average of $13.11 an hour? That's $27,278 a year!
Between 2018 and 2028, the career is expected to grow 1% and produce 46,900 job opportunities across the U.S.
There are certain skills that many receivables 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 communication skills, customer-service skills and detail oriented.
When it comes to the most important skills required to be a receivables specialist, we found that a lot of resumes listed 23.9% of receivables specialists included customer service, while 9.0% of resumes included sales floor, and 6.7% of resumes included customer orders. 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 receivables specialist job title. But what industry to start with? Most receivables specialists actually find jobs in the retail and manufacturing industries.
If you're interested in becoming a receivables specialist, one of the first things to consider is how much education you need. We've determined that 26.0% of receivables specialists have a bachelor's degree. In terms of higher education levels, we found that 1.9% of receivables specialists have master's degrees. Even though some receivables 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 a receivables specialist. When we researched the most common majors for a receivables specialist, we found that they most commonly earn bachelor's degree degrees or high school diploma degrees. Other degrees that we often see on receivables specialist resumes include associate degree degrees or diploma degrees.
You may find that experience in other jobs will help you become a receivables specialist. In fact, many receivables specialist jobs require experience in a role such as sales associate. Meanwhile, many receivables specialists also have previous career experience in roles such as cashier or customer service representative.