Accounts Receivable Manager Salary
Accounts Receivable Managers in the United States tend to be well-versed in their field, and slightly less than three-fifths have more than 10 years of experience. Average salary is expected to be around $53K per year, but may range from $32K to $76K per year. Total cash earnings of Accounts Receivable Managers range from $32K on the low end to $76K on the high end; the final amount can include bonuses and profit sharing proceeds that occasionally exceed $10K and $5K, respectively. Location and career duration each impact pay for this group, with the former having the largest influence. Not all workers are lucky enough to have benefits; in fact, somewhere between a fifth and a fourth are without coverage. Medical insurance is claimed by a fair number and dental insurance is reported by the larger part. For the most part, Accounts Receivable Managers enjoy their work and report high levels of job satisfaction. The vast majority of Accounts Receivable Managers (86 percent) who participated in the survey are women. The numbers in this rundown were provided by PayScale's salary survey participants.
|Salary||$37,195 - $79,264|
|Bonus||$702 - $10,075|
|Profit Sharing||$357.45 - $5,017|
|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).)
|$32,446 - $76,025|
|Hourly Rate||$13.15 - $25.22|
|Overtime||$21.41 - $38.30|
|Bonus||$702 - $10,075|
|Profit Sharing||$357.45 - $5,017|
|Total Pay (||$32,446 - $76,025|
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.Read More...
An accounts receivable manager usually works a standard 40 hour work week and spends their time working in an office setting. Because this type of position is a supervisory position, most companies prefer at least an associate’s degree in accounting, business administration, bookkeeping or a related field. Companies usually also require at least five years of experience in an AR department and require applicants to have demonstrated some leadership experience.
Accounts Receivable Manager Tasks
- Manage all the day-to-day Accounts Receivable and Collection activities.
- Research and resolve escalated accounting inquiries develop policies and procedures for the Accounts Receivable department.
- Produce and analyze Accounts Receivable reports.
Common Career Paths for Accounts Receivable Manager
Accounts Receivable Managers who go on to become Financial Controllers may see their salaries climb quite a bit. Median pay for Financial Controllers is $77K annually. Going from Accounts Receivable Manager to Accounting Manager is the transition that occurs most often in this field, where the paychecks are $61K. Many others choose to work as Staff Accountants, where pay is typically $44K.
Popular Skills for Accounts Receivable Manager
Survey results imply that Accounts Receivable Managers deploy a substantial tool kit of skills at work. Most notably, skills in Medicaid & Medicare Billing, Collection Development, Credit Control, and Accounts Receivable are correlated to pay that is above average. Skills that are correlated to lower pay, on the other hand, include Quickbooks, Customer Service, and Customer Relationship Management. Most people skilled in Accounts Receivable are similarly competent in Collections.
Pay by Experience Level for Accounts Receivable Manager
Pay by Experience for an Accounts Receivable Manager has a positive trend. An entry-level Accounts Receivable Manager with less than 5 years of experience can expect to earn an average total compensation of $41,000 based on 346 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. An Accounts Receivable Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $49,000 based on 371 salaries. An experienced Accounts Receivable Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $53,000 based on 500 salaries. An Accounts Receivable Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $56,000 based on 266 salaries.
Pay Difference by Location
For those looking to make money, Accounts Receivable Managers in Troy enjoy an exceptional pay rate, 30 percent above the national average. Accounts Receivable Managers will also find cushy salaries in New York (+26 percent), Atlanta (+15 percent), Chicago (+10 percent), and Houston (+8 percent). Compared to the national average, Birmingham Accounts Receivable Managers have considerably lower salaries, 25 percent below the national average to be exact. Location appears to be a major driving force in pay for those in this profession. Not at the bottom but still paying below the median are employers in Minneapolis and St. Louis (15 percent lower and 10 percent lower, respectively).
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