Accounts Receivable Manager Salary

Accounts Receivable Managers who are practiced in their profession and carry more than 10 years of experience make up just below three-fifths of Accounts Receivable Managers. Pay fluctuates from $31K to $73K per year, but expected earnings average $51K annually. Cash earnings for Accounts Receivable Managers — including $8K in bonuses and $5K in profit sharing proceeds near the top of the pay scale — generally stretch from $31K to $73K depending on individual performance. Geographic location is the biggest factor affecting pay for this group, followed by career length. A strong majority enjoy medical while the larger part get dental coverage. Vision coverage is also available to just over two-fifths. The majority of workers are highly satisfied with their job. There are far more female Accounts Receivable Managers who answered the questionnaire than men, making up 87 percent. The information for this snapshot was generated by responses to the PayScale salary survey.

$35,463 - $75,625

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$12.70 - $23.62

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$26K$52K$78K
Salary
$35,463 - $75,625  
   
Bonus
$0.00 - $8,391  
Profit Sharing
$146.81 - $4,983  
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).
)
$31,085 - $73,172  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 1,368
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$13$26$39
Hourly Rate
$12.70 - $23.62  
   
Overtime
$18.38 - $34.54  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$26K$52K$78K
Bonus
$0.00 - $8,391  
   
Commission
$0.00 - $22,125  
Profit Sharing
$146.81 - $4,983  
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).
)
$31,085 - $73,172  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 671
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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 may progress into high-paying roles like Financial Controller, where median compensation is $77K annually. As Accounts Receivable Managers progress in their field, many go on to become Accounting Managers. In fact, this transition is more common than anything else, and pay for the position is usually $60K per year. Another common career choice for Accounts Receivable Managers is to move into a Staff Accountant role. Typically, Staff Accountants get paid $43K.

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Popular Skills for Accounts Receivable Manager


Survey takers working as Accounts Receivable Managers report using a large range of professional skills. 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 23 percent, 15 percent, and 9 percent, respectively. Skills that are correlated to lower pay, on the other hand, include 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.


Accounts Receivable Managers with more experience do not necessarily bring home bigger paychecks. In fact, experience in this field tends to impact compensation minimally. Workers in their first five years can expect to earn $40K, but people who have been around for five to 10 years earn a noticeably bigger sum of $47K. On average, Accounts Receivable Managers make $50K following one to two decades on the job. Folks who have racked up more than 20 years in the field report incomes that aren't that much higher than less experienced individuals' earnings; the veterans make just $53K on average.

Pay Difference by Location


For Accounts Receivable Managers, busy Troy offers a higher-than-average pay rate, 36 percent above the national average. Accounts Receivable Managers can also look forward to large paychecks in cities like New York (+29 percent), Chicago (+19 percent), Washington (+19 percent), and Los Angeles (+18 percent). In Phoenix, salaries are 7 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 23%





Customer Relationship Management (CRM)
up arrow 3%

Accounts Receivable
0%

Collections
0%

Microsoft Excel
0%

Microsoft Word
0%

National Average
$47,000

Billing
up arrow 3%

Account Management
up arrow 3%

Customer Service
up arrow 4%



Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 464 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: 20%
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