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Accounts Receivable Manager Salary

Slightly less than three-fifths of Accounts Receivable Managers in the United States have been in the field for more than 10 years. Pay can fall anywhere from $31K to $72K per year, but median earnings come to around $50K annually. Final cash compensation to Accounts Receivable Managers varies from around $31K to approximately $72K; choice pay grades include potential for bonuses and profit sharing as high as $8K and $5K, respectively. Residence is the biggest factor affecting pay for this group, followed by experience level. Women make up the vast majority of Accounts Receivable Managers (87 percent) who answered the questionnaire. A strong majority enjoy medical while a majority get dental coverage. Vision coverage is also available to just over two-fifths. Most workers in this position report high levels of job satisfaction. The figures in this rundown are based on the results of PayScale's salary questionnaire.
$34,772 - $75,047
(Median)
35K
41K
50K
61K
75K
MEDIAN: $50,317
10%
25%
50%
75%
90%

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$12.57 - $23.24
(Median)
13
15
17
20
23
MEDIAN: $16.00
10%
25%
50%
75%
90%

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Show Annual Salary Show Hourly Rate

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
$34,772 - $75,047  
   
Bonus
$0.00 - $7,743  
Profit Sharing
$154.56 - $4,805  
Commission
$0.00 - $18,987  
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).
)
$30,723 - $72,277  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 1,318
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
$12.57 - $23.24  
   
Overtime
$18.23 - $33.70  
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 - $7,743  
   
Commission
$0.00 - $18,987  
Profit Sharing
$154.56 - $4,805  
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).
)
$30,723 - $72,277  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 650
United States (change)

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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At the upper end, Accounts Receivable Managers who move into a Financial Controller role can end up with a hefty increase in pay. The average income for Financial Controllers is $77K per year. The most common career progression for Accounts Receivable Managers leads to becoming an Accounting Manager, where average pay is $59K annually. However, many Accounts Receivable Managers also opt to become Staff Accountants. Typically, a Staff Accountant brings home $43K.

Accounts Receivable Manager Job Listings

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Popular Skills for Accounts Receivable Manager


Survey results imply that Accounts Receivable Managers deploy a deep pool of skills on the job. Most notably, skills in Medicaid & Medicare Billing, Accounting, Collection Development, and Credit Control are correlated to pay that is above average, with boosts between 8 percent and 13 percent. At the other end of the pay range are skills like Quickbooks, Medical Coding, and Accounts Payable. For most people, competency in Accounts Receivable indicates knowledge of 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. Salaries of relatively inexperienced workers fall in the neighborhood of $40K, but folks who have racked up five to 10 years see a notably higher median of $47K. For Accounts Receivable Managers, 10 to 20 years of experience on the job amounts to an average salary of $50K. Accounts Receivable Managers who have stuck around for more than two decades see earnings that are only slightly higher than those of folks who have worked for 10 to 20 years; the more senior group makes around $51K on average.

Pay Difference by Location


For Accounts Receivable Managers, working in the bustling city of Troy has its advantages, including an above-average pay rate. Accounts Receivable Managers can also look forward to large paychecks in cities like New York (+26 percent), Los Angeles (+25 percent), Chicago (+17 percent), and San Diego (+16 percent). With compensation 14 percent below the national average, Phoenix is not known for hefty paychecks and actually represents 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.

Related Job Salaries

Experience Affects Accounts Receivable Manager Salaries




National Average
$46,000


Skills That Affect Accounts Receivable Manager Salaries






Microsoft Word
up arrow 3%

Microsoft Excel
up arrow 1%

Accounts Receivable
0%

Collections
0%

National Average
$46,000

Billing
up arrow 1%

Account Management
up arrow 2%

Customer Service
up arrow 3%


Medical Coding
up arrow 16%


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 475 votes.

Gender

Female
87 %
Male
13 %

Years of Experience

Less than 1 year
0%
1-4 years
19%
5-9 years
23%
10-19 years
36%
20 years or more
21%

Common Health Benefits

medical benefits Medical: 77% dental benefits Dental: 61%
vision benefits Vision: 42% employee benefits None: 20%