Accounts Receivable Manager

Are you an experienced financial manager who can ensure accuracy and efficiency in the accounts receivable process? If so, we are looking for an Accounts Receivable Manager to oversee the entire process of collecting payments from our company's customers.

Skills Required

To excel in this role, you will need to have the following skills:

• Hands-on experience with accounting software
• Familiarity with advanced formulas in MS Excel
• Ability to accurately process numerical data
• Excellent analytical skills along with the ability to create and present detailed reports
• Team management and negotiation skills
• Problem-solving attitude
• Confidentiality

Responsibilities

As an Accounts Receivable Manager, you will be responsible for:

• Setting objectives for the accounts receivable team that align with the accounting department's goals
• Monitoring the processing of invoices
• Ensuring timely collection of payments
• Conducting credit checks
• Negotiating with clients in non-payment cases
• Preparing monthly, quarterly, annual and ad-hoc forecasting reports
• Organizing records of invoices, bills, and deposits
• Ensuring high-quality invoicing and collection procedures that comply with the law
• Supporting Accounts Receivable Clerks on a daily basis and training new team members
• Ensuring all team members follow the accounting principles
• Staying updated on industry and legislative changes

Example of Accounts Receivable in Accounting

Accounts receivable refers to the money owed to a business by its customers for goods or services that have been sold but not yet paid for. This is an asset on the balance sheet and represents the amount of money that the company expects to receive from its customers.

Difference Between Accounts Payable and Accounts Receivable

Accounts payable and accounts receivable are two sides of the same coin. Accounts payable refers to the money a business owes to its suppliers for goods or services that have been received but not yet paid for. On the other hand, accounts receivable refers to the money owed to the business by its customers for goods or services that have been sold but not yet paid for.