Accounts receivable leads are tasked with leading and managing accounts receivable teams and their daily operations. They typically work in the accounting or finance departments of organizations, and leadership skills are important in this position to build strong teamwork among employees.
Strong verbal and written communication skills are highly beneficial for accounts receivable leads, as they must monitor the workload and productivity of their team members and supervise daily processing related to accounts receivable, such as accurate posting in transferring from journals to ledger accounts, remittances, credit memos, and subsequent follow-ups. They must also review aging reports on a regular basis and help establish staffing budgets.
Accounts receivable leads must have computer skills and be able to use accounting software and applications, as well as Microsoft Office programs. It is essential that they maintain positive business relationships with internal and external clients, and they may also recommend process improvements, conduct performance evaluation reviews, and provide timely feedback to their staff.
A bachelor's degree in accounting, finance, or a business-related field is generally required for this position, and they must also be familiar with and adhere to generally accepted accounting principles (GAAP). Some may be required to attend workshops or training classes regularly to keep their skills up-to-date.
Accounts Receivable Lead Tasks
Monitors workload and productivity of accounting team.
Works with finance team to develop strategies to maximize efficiency and performance of company.
Leads and manages team responsible for accounting activities related to the payment and receipt of money.