Accounts Receivable Supervisor

Accounts receivable managers oversee the billing, posting, and collecting of assigned accounts. Main responsibilities include processing claims, managing reports, ensuring late charge billing is done on time, communicating billing issues, auditing accounts, preparing billing adjustments, and ensuring invoices are printed, sorted, and distributed. They should also be prepared to provide relevant training and supervision to staff. Additionally, the supervisor is responsible for planning all aspects of accounts receivable personnel, including holding monthly meetings to review policies and procedures, addressing discrepancies, and recommending changes. An accounts receivable supervisor also must maintain knowledge of current billing and collection regulations, as well as all policies and procedures. They must make effective use of time, materials, and resources by planning, scheduling, and organizing work.

A bachelor's degree in accounting, business management, or a related field is needed for this position. A minimum of two years' supervisory experience and five years' experience in collections is essential, as is the ability to analyze financial statements. They must be able to maintain a high degree of ethics, integrity, and confidentiality at all times. Strong communication skills are a must, and they must demonstrate strong leadership traits. Extensive knowledge of basic software programs such as the Microsoft Office suite and Oracle, good analytical and problem solving skills, and the ability to establish and maintain effective working relationships with staff, managers, and clients are essential. Maintaining a professional and courteous attitude with clients is important, while staying confident and assertive at the same time.

As an Accounts Receivable Supervisor with 0-3 years of experience in Australia, your main responsibilities include:

• Manage invoicing and billing processes, ensuring accuracy and timeliness. Oversee the creation and distribution of invoices, ensuring all relevant information is included and billing is done promptly.
• Monitor and reconcile accounts receivable balances. Regularly review customer accounts, identifying discrepancies and resolving issues to ensure accurate account balances.
• Coordinate with internal teams to resolve payment discrepancies and address customer inquiries. Collaborate with sales, customer service, and finance departments to investigate and resolve payment discrepancies, ensuring customer satisfaction.
• Generate and analyze reports to track accounts receivable performance.

For an Accounts Receivable Supervisor, the following qualifications are required:

• Solid knowledge of accounting principles and practices to ensure accuracy in accounts receivable processes, including invoicing, collections, and cash application.
• Excellent attention to detail and strong analytical skills to review and reconcile customer accounts, resolving discrepancies and identifying potential issues.
• Strong leadership abilities to supervise and train a team of accounts receivable professionals, fostering a high-performance culture and ensuring productivity and accuracy.
• Effective communication skills to interact with internal stakeholders, external customers, and vendors, resolving inquiries, addressing payment issues, and maintaining positive relationships.

The role of an Accounts Receivable Supervisor is crucial in maintaining smooth operations and effective cash flow management. For individuals with 0-3 years of experience in Australia, here are four alternative roles to consider:

• Junior Accountant: This role involves assisting with financial tasks such as bookkeeping, reconciling accounts, and preparing financial statements.
• Credit Analyst: A position focused on assessing the creditworthiness of customers, evaluating credit applications, and managing credit limits.
• Billing Specialist: This role entails generating and processing invoices, resolving billing discrepancies, and ensuring timely and accurate billing.
• Collections Coordinator: A position that involves managing collections activities, contacting customers for overdue payments, and negotiating payment arrangements.

The job role of Accounts Receivable Supervisor is projected to witness steady growth in the Australian market. According to a 10-year analysis, employment opportunities in this field are expected to remain stable, with a steady demand for professionals in the coming years. As per the latest data from Google, there is an increasing need for skilled individuals in managing accounts receivable operations, ensuring accurate financial transactions, and maintaining efficient collections processes. The role's strong presence in the market reaffirms its importance, indicating a consistent number of employment opportunities anticipated for the future.