Accounts Receivable Manager

Accounts Receivable Managers collect customer payments on the business's behalf. In addition, they oversee a group of clerks and the prompt and accurate billing of clients and overdue.

An Accounts Receivable Manager's typical roles are listed below:

• Accounting Clerk: They are in charge of keeping financial records, running reports, recording various transactions, providing administrative help to accountants, and preparing statements that validate the authenticity of database information.
• Accounts Payable Coordinator: They oversee the flow of invoices for Accounts Payable through the office, handling incoming mail, entering invoices, clearing due bills payment, and finally filing invoices.

The roles and responsibilities for an Accounts Receivable Manager are:

• Obtaining client payments and seeing that they are completed promptly, supervising the workers in the company's accounts receivable division, and establishing regular weekly and monthly deadlines for processing payments and accounts.
• Creating projections for the payment flow, preparing reports regularly (monthly, quarterly, and annually), and supervising the processing and organisation of bills, records, and invoices to ensure quality maintenance at every stage.
• Ensuring that all procedures adhere to legal requirements, effectively resolving non-payment disputes with clients, staying up to date on industry best practices, and ensuring the accounting team is functioning to its full potential.

Major educational qualifications required for Accounts Receivable Manager are:

• Five or more years of accounting experience
• CPA certificate is a plus
• Experience with leadership roles
• Display problem-solving capabilities
• Basic computer skills (MS Office)
• Prior experience working with accounting software like General Ledger (Costpoint) software

After gaining some years of experience and the necessary job-related skills, the Accounts Receivable Manager may eventually transition to a profession and land a position with the company as an Accountant. Following some accounting training and experience, they might move to the post of Staff Accountant. However, the title of Accounting Manager may become theirs and be held by them for the duration of their career. Some alternative job roles available for Accounts Receivable Managers are:

• Accountant: Performs financial analysis, prepares financial reports, and ensures accurate bookkeeping.
• Accounting Manager: Oversees financial operations, manages accounting staff, and ensures compliance with accounting principles.
• Office Manager: Manages office administration, coordinates staff activities, and oversees budgeting and financial operations.
• Billing Manager: Manages billing processes, ensures timely invoicing, and handles customer inquiries related to billing.
• Credit Manager: Evaluates creditworthiness of customers, establishes credit limits, and monitors credit accounts for payment collection.
• Accounting Specialist: Assists in financial analysis, maintains financial records, and supports accounting team with various tasks.
• Finance Manager: Develops financial strategies, monitors financial performance, and provides guidance for investment decisions.
• Financial Director: Oversees financial planning and budgeting, directs financial operations, and provides strategic financial guidance to the organization.
• Billing Specialist: Processes billing transactions, resolves billing discrepancies, and ensures accurate and timely invoicing.
• Bookkeeper: Maintains financial records, reconciles accounts, and assists in the preparation of financial statements.

India's Accounting market/sector is expected to expand rapidly over the forthcoming years. The government's attempts to supply job opportunities across the country drive the accounting industry, as they do the market globally.
Accounting Receivable Manager in other Sectors, like Accounting Specialist, has more career options as profits increase. Advertising, promotion, and marketing jobs are expected to grow at an 8% yearly rate in the years to come. This will create a natural increase in the demand for accounting professionals as the turnovers of these companies increase.