Job Description: Accounts Receivable Manager
We’re on the lookout for a results-driven Accounts Receivable Manager to oversee precise customer invoicing and ensure timely payment collections. Collaborate with the accounts receivable team and customers to meet payment deadlines, strengthening our financial position.
- Conduct credit checks on new customers.
- Implement company debt collection policies.
- Set deadlines for invoicing and payment collection.
- Monitor invoicing and payment processes.
- Ensure timely payment collections.
- Negotiate with customers in case of non-payment.
- Prepare monthly feedback reports on payment collections.
- Maintain records of invoices, deposits, and correspondence.
- Stay informed about legislative procedures in debt collection.
- Train and mentor department staff.
- Bachelor’s degree in accounting or finance.
- Minimum 2 years of accounts receivable management or supervisory retail sales experience.
- Strong accuracy and independence in work.
- Proficiency in Quickbooks, General Ledger, and advanced MS Excel.
- Excellent verbal and written communication skills.
- Detail-oriented with strong analytical skills.
- Exceptional report writing abilities.
- Effective time and people management skills.
The Accounts Receivable Manager oversees the accounts receivable function, which involves managing the process of invoicing customers, collecting payments, and reconciling accounts. They ensure that payments are received promptly, monitor outstanding balances, and implement strategies to minimize bad debt losses.
Accounts Receivable Managers typically have a bachelor’s degree in accounting, finance, or a related field, along with several years of experience in accounts receivable or related financial roles. Strong leadership skills, proficiency in accounting software, and the ability to analyze financial data are important qualifications.
Accounts Receivable Managers play a crucial role in optimizing cash flow and minimizing the organization’s exposure to bad debt. They ensure timely and accurate invoicing, follow up on overdue payments, and implement credit policies to mitigate credit risk. By effectively managing accounts receivable, they help improve liquidity and financial stability.
Accounts Receivable Managers employ various strategies to maximize collections, such as establishing clear payment terms, sending timely reminders to customers with overdue balances, offering discounts for early payment, and implementing collection procedures for delinquent accounts. They may also negotiate payment plans with customers and monitor credit limits to prevent excessive risk exposure.