An Accounts Receivable Manager is responsible for overseeing the financial transactions and processes related to a company's accounts receivable. This includes managing a team of professionals who are responsible for billing, collections, and credit management. The primary goal of an Accounts Receivable Manager is to ensure that the company is receiving payment for goods and services in a timely and efficient manner. They also play a critical role in maintaining the company's financial health by managing risk and ensuring compliance with financial regulations. In addition to managing the day-to-day operations of the accounts receivable department, an Accounts Receivable Manager is also responsible for developing and implementing strategies to improve the overall performance of the department. This may include implementing new technologies or processes to streamline operations, implementing credit policies to minimize risk, and developing key performance indicators to measure the department's performance. Overall, an Accounts Receivable Manager plays a critical role in the financial health and success of a company, and requires a strong understanding of financial principles and practices, as well as excellent leadership and management skills.

What Does An Accounts Receivable Manager Do?

A Accounts Receivable Manager is responsible for overseeing the financial transactions and processes related to a company's accounts receivable. This includes managing a team of professionals who are responsible for billing, collections, and credit management. The primary goal of an Accounts Receivable Manager is to ensure that the company is receiving payment for goods and services in a timely and efficient manner. They also play a critical role in maintaining the company's financial health by managing risk and ensuring compliance with financial regulations.

How To Become An Accounts Receivable Manager?

To become an Accounts Receivable Manager, individuals typically need a combination of education and experience in accounting, finance, or a related field. A bachelor's degree in accounting, finance, or business administration is often required, and relevant experience in a related role, such as an accounts receivable specialist or credit manager, is highly desirable. Strong leadership and management skills are also important for success in this role.
Education Icon

Education

Bachelor's degree
Average Salary Icon

Average Salary

$83,791
Average Experience Icon

Avg. Experience

3-4 years
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Accounts Receivable Manager Career Paths

A career path for an Accounts Receivable Manager may include starting as an Accounts Receivable Specialist or Credit Analyst, then progressing to a role as an Assistant Accounts Receivable Manager or Credit Manager. With experience and proven success in these roles, individuals may be promoted to the role of Accounts Receivable Manager. Advancement opportunities may also include management roles in other areas of finance, such as Treasury or Financial Planning and Analysis. Additionally, with enough experience and knowledge, one may become the CFO of the company.

Average Salary for Accounts Receivable Manager

An Accounts Receivable Manager makes $83,791 per year on average, or $40.28 per hour, in the United States. The bottom 10% make about $59,993 a year, while the top 10% make about $111,915.

Highest Paying States

California

$106,832 Yearly

Minnesota

$83,139 Yearly

Washington

$78,293 Yearly

Texas

$77,428 Yearly

New York

$68,834 Yearly

Accounts Receivable Manager Education

The most common degrees for an Accounts Receivable Manager are Bachelor's degree (70.74% of jobs require this), High school (13.01%), Master's degree (8.13%).

Accounts Receivable Manager Degrees

Bachelor's degree 70.74%
High school 13.01%
Master's degree 8.13%
Associate's degree 7.33%
Doctoral or Professional degree 0.81%
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