Account Receivable Manager Job Description
Account Receivable Manager Duties & Responsibilities
To write an effective account receivable manager job description, begin by listing detailed duties, responsibilities and expectations. We have included account receivable manager job description templates that you can modify and use.
Sample responsibilities for this position include:
Account Receivable Manager Qualifications
Qualifications for a job description may include education, certification, and experience.
Education for Account Receivable Manager
Typically a job would require a certain level of education.
Employers hiring for the account receivable manager job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Accounting, Finance, Business/Administration, Healthcare Administration, Associates, Accountancy, Health Care Administration, Business, Management, Tourism
Skills for Account Receivable Manager
Desired skills for account receivable manager include:
Desired experience for account receivable manager includes:
Account Receivable Manager Examples
Account Receivable Manager Job Description
- Continue to streamline back end OTC functionality leveraging High Radius and RPA toolsets
- Drive the identification, escalation and resolution of Customer Deductions, in a timely basis through the continued leveraging of High Radius, including workflow approvals and maintaining KPI’s to drive process improvements through the OTC function
- Participate in the development of departmental goals and objectives and be a catalyst for change
- Responsible for SOX Review and Compliance
- Manage the continued migrations of disparate Watts divisions to Mfg/Pro-QAD
- Provide additional insight into areas of increased efficiencies by becoming a subject matter expert within the role
- Closely monitor and review Customer accounts, including the establishment of Credit Limits using a Dunn & Bradstreet toolset, establishment of specific reserves at quarter end and close review on Watts’ top 100 customers
- Constant willingness to challenge the status quo
- Conduct credit checks
- Negotiate with clients in non-payment cases
- Minimum of three to five years of experience in Billing/Collections
- BA in Business, Finance or Accounting
- At least 3 years’ experience as an AR Cash Applications Manager
- Prior experience with Dispute Management selling to Retailers is beneficial
- Prior experience in a high volume invoicing and cash applications environment along with applying third party tool sets to facilitate efficiencies and effectiveness
- 7 – 10 years of progressive work experience in the AR/Cash Applications functional area
Account Receivable Manager Job Description
- Support Accounts Receivable Clerks on a daily basis and train new team members
- Ensure COD reconciliation done properly and remit to customer as agree lead time
- The position may manage the accounts receivable pledge processor as a direct report
- Establish goals and expectations for direct reports
- Manage aged trial balance
- Liaise with customers to ensure payments are received on time
- Liaise with Sales department to ensure timely authorisation of claims
- Ensure that payments received are allocated correctly
- Ensure there are no unallocated receipts at the month end
- Make recommendations to changes in Bad Debt Provision
- While performing the duties of this job, the employee is frequently required to walk, talk, and/or hear
- This is an opportunity for a leader with a minimum 5 years of credit and collection experience in a similar environment and will ideally have experience in the apparel or related industry
- Knowledge of ERP systems, Microsoft Dynamics AX system desired
- Master's degree or up to 7 years of experience
- Previous experience in Finance Shared Services for a Global company a strong plus
- Ability to recognize an issue or concern, research best practices for resolution and set a plan in place to resolve the problem
Account Receivable Manager Job Description
- Responsible to drive Customer outcomes through positive customer experience in finance related
- Will manage physician billing revenue cycle processes and vendors
- Works with one up to develop department goals in alignment with organizational goals
- Day-to-day planning, oversight, and maintenance of Revenue Cycle workflow to achieve efficient and effective processes
- Oversees the job functions of staff as it relates to the process flow and encourages ongoing skill development and hands-on problem solving within and outside the department
- Acts in a proactive manner to identify issues, develop resolution and implement change within department/organization objectives
- Identify and implement quality improvement initiatives geared toward improved customer/employee satisfaction
- Ensures successful management of daily department operations
- Conducts regular department meetings for purposes of education, goal monitoring, and feedback
- Balances operational needs, resources, and timelines
- Proven ability to develop and use creative & innovative methods and judgment to enhance the overall effectiveness/quality of the pledge processing system without compromising internal controls
- Ability to maintain professionalism, discretion, and confidentiality at all times
- Minimum of 2 years Account Receivable and Collection or relevant experience
- Provides leadership in problem identification and resolution
- Bachelor’s Degree in Business Administration, Finance, Accounting, Healthcare Administration or related field required
- Experience in Revenue Cycle preferred
Account Receivable Manager Job Description
- Prepares financial assessments to determine ROI of assigned projects
- Set strategic direction for projects
- Formulate necessary business plans, organize and outline new process and establish formal policies and procedures for all new or modified processes
- Provide necessary data, analysis and relevant reports
- Understand and apply OtC processes (Cash application and collection), policies, procedures and internal control standards
- Ensure AR accounts are reconciled
- Ensure processing quality is maintained within the team
- Ensure month end closing process of receivables within given timelines
- Take care of complaint’s queries, give feedback, updates to Customer and ensure completion
- Drive KPI reporting activities
- Minimum of a high school diploma or GED, some college preferred
- Certification in area of expertise preferred
- Excellent research, problem-solving and analytical skills as it relates to Revenue Cycle area of expertise
- Ability to problem solve and create alignment across several internal functions to achieve business objectives
- Ability to manage multiple tasks on time and on budget
- Leadership, managerial, and team building skills
Account Receivable Manager Job Description
- Be a leader with proactive approach within a team to deliver continuous improvement
- Coordinate delivery of documentation requested by internal/external auditors
- Support manager with leading the AR team to ensure meeting the agreed SLA
- Act as Cluster Manger back up in case of need
- Proven experience in a AR Manager/FP&A/Credit Role
- Bachelor degree in Finance, Accounting or Business preferred
- A positive, can do attitude with strong interpersonal skills
- People Development activities that include building, retaining talent, developing, engaging, rewarding and recognizing individuals and the team setting and supervising career paths
- Responsible for performance reviews and Salary Planning
- Drive efficiency & productivity across AR teams
- Affinity with IT – understanding of ERP system SAP (D)
- Strong planning and organizational skills with the ability to manage multiple priorities
- Ability to handle numerous requests from internal and external sources in a courteous, professional and collaborative manner
- Ability to communicate effectively to all audiences, including physicians, peers, coders, billers, and payers
- Experience in streamlining processes, project planning, and public speaking
- Highly motivated, detail oriented with the ability to motivate teams and/or co-workers