Accounts Receivable Manager Salary

Accounts Receivable Managers in the United States are often veterans in their line of work, with just under three-fifths bringing more than 10 years of experience to the table. Salaries slide in at $51K annually on average but can range from $31K to $73K per year. In the world of Accounts Receivable Managers, total cash compensation can vary between $31K and $73K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $8K and $5K, respectively. Geography is the biggest factor affecting pay for this group, followed by years of experience. A strong majority enjoy medical while a majority get dental coverage. Vision coverage is also available to just over two-fifths. The vast majority (87 percent) of Accounts Receivable Managers who took the survey are female. Most Accounts Receivable Managers like their work and job satisfaction is high. The data for this synopsis comes from respondents who took the PayScale salary survey.

$35,385 - $75,495
(Median)
$35K
$51K
$75K
MEDIAN: $51,173
10%
50%
90%

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$12.68 - $23.59
(Median)
$13
$17
$24
MEDIAN: $17.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$26K$52K$78K
Salary
$35,385 - $75,495  
   
Bonus
$0.00 - $8,225  
Profit Sharing
$150.00 - $4,958  
Commission
$0.00 - $22,125  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$31,032 - $73,105  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 1,355
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$13$26$39
Hourly Rate
$12.68 - $23.59  
   
Overtime
$18.29 - $34.32  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$26K$52K$78K
Bonus
$0.00 - $8,225  
   
Commission
$0.00 - $22,125  
Profit Sharing
$150.00 - $4,958  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$31,032 - $73,105  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 665
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Job Description for Accounts Receivable Manager

Accounts receivable (AR) managers are responsible for overseeing the part of a company that deals with money owed to the business. AR managers must manage and coordinate billing and credit related activities such as sending invoices, determining customer credit worthiness and the amount of credit to be extended, attempting to collect on unpaid debts, updating billing records and handling most billing disputes. Some employers may also require that they be responsible for handling commissions and reporting sales tax as well. AR managers usually oversee a team, which may consist of accountants, collectors, analysts, clerks and/or credit professionals. This often varies based on the size of the company. For example, an AR manager at a small company may just oversee a few AR clerks, while a manager at a larger company may oversee a team of ten or more specialists. Regardless of the company’s size and amount of staff, AR managers are usually responsible for hiring, training and evaluating the AR staff.

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Accounts Receivable Manager Tasks

  • Produce and analyze Accounts Receivable reports.
  • Research and resolve escalated accounting inquiries develop polocies and procedures for the Accounts Receivable department
  • Manage all the day-to-day Accounts Receivable and Collection activities.

Common Career Paths for Accounts Receivable Manager


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Accounts Receivable Managers who transition into a Financial Controller role may receive large pay increases as the latter position pays an average $77K per year. The most common promotion for Accounts Receivable Managers is Accounting Manager, a position that typically pays $60K annually. Another standard transition for Accounts Receivable Managers seeking advancement is to assume a Staff Accountant role, where pay is often $43K.

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Popular Skills for Accounts Receivable Manager


Survey respondents exploit a significant toolbox of skills in their work. Most notably, facility with Software Installation & Upgrade, Medicaid & Medicare Billing, and Collection Development are correlated to pay that is significantly above average, leading to increases of 24 percent, 14 percent, and 9 percent, respectively. At the other end of the pay range are skills like Quickbooks, Accounts Payable, and Customer Service. Those proficient in Accounts Receivable are, more often than not, also skilled in Collections.

Pay by Experience Level for Accounts Receivable Manager

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Experience and pay tend to be weakly linked for Accounts Receivable Managers — those with more experience do not necessarily bring in higher earnings. Although individuals who have less than five years' experience earn $40K on average, people with five to 10 years benefit from a notably larger average of $47K. Accounts Receivable Managers who work for 10 to 20 years in their occupation tend to earn about $50K. Accounts Receivable Managers who surpass 20 years on the job report pay that isn't as high as one would expect; the median compensation for this crowd sits around $52K.

Pay Difference by Location


Home to some of the best pay for Accounts Receivable Managers, Troy offers exceptional salaries, 36 percent above the national average. Accounts Receivable Managers can also look forward to large paychecks in cities like New York (+28 percent), Chicago (+22 percent), Los Angeles (+21 percent), and Washington (+19 percent). In Phoenix, salaries are 11 percent below the national average and represent the lowest-paying market.

Accounts Receivable Manager Reviews

What is it like working as an Accounts Receivable Manager?

Accounts Receivable Manager in Chicago Ridge:
"Stressful And Challenging."
Pros: People and building relationships.
Cons: People who try not to pay.

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Experience Affects Accounts Receivable Manager Salaries



National Average
$47,000



Skills That Affect Accounts Receivable Manager Salaries

Software Installation & Upgrade
up arrow 24%





Customer Relationship Management (CRM)
up arrow 4%

Collections
up arrow 1%

Accounts Receivable
0%

Microsoft Excel
0%

Microsoft Word
0%

National Average
$47,000

Billing
up arrow 2%

Account Management
up arrow 4%

Customer Service
up arrow 4%



Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 470 votes.

Gender

Female
87 %
Male
13 %

Years of Experience

Less than 1 year
0%
1-4 years
19%
5-9 years
24%
10-19 years
35%
20 years or more
22%

Common Health Benefits

medical benefits Medical: 77% dental benefits Dental: 61%
vision benefits Vision: 43% employee benefits None: 19%
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