Accounts Receivable Supervisor Salary
Accounts Receivable Supervisors in the United States are often veterans in their line of work, with more than half bringing more than 10 years of experience to the table. Salaries slide in at $50K annually on average but can range from $35K to $68K per year. In the world of Accounts Receivable Supervisors, overall income ranges from $35K near the bottom to $68K at the top; this can include more than $8K from bonuses and more than $7K from profit sharing in exceptional cases. Geography is the biggest factor affecting pay for this group, followed by tenure. Job satisfaction is reported as high by the vast majority of workers. The vast majority (88 percent) of Accounts Receivable Supervisors who took the survey are female. Medical benefits are awarded to most, and a strong majority earn dental coverage. This snapshot results from replies to PayScale's salary survey.
Job Description for Accounts Receivable Supervisor
Accounts receivable managers oversee the billing, posting, and collecting of assigned accounts. Main responsibilities include processing claims, managing reports, ensuring late charge billing is done on time, communicating billing issues, auditing accounts, preparing billing adjustments, and ensuring invoices are printed, sorted, and distributed. They should also be prepared to provide relevant training and supervision to staff. Additionally, the supervisor is responsible for planning all aspects of accounts receivable personnel, including holding monthly meetings to review policies and procedures, addressing discrepancies, and recommending changes. An accounts receivable supervisor also must maintain knowledge of current billing and collection regulations, as well as all policies and procedures. They must make effective use of time, materials, and resources by planning, scheduling, and organizing work.Read More...
A bachelor's degree in accounting, business management, or a related field is needed for this position. A minimum of two years' supervisory experience and five years' experience in collections is essential, as is the ability to analyze financial statements. They must be able to maintain a high degree of ethics, integrity, and confidentiality at all times. Strong communication skills are a must, and they must demonstrate strong leadership traits. Extensive knowledge of basic software programs such as the Microsoft Office suite and Oracle, good analytical and problem solving skills, and the ability to establish and maintain effective working relationships with staff, managers, and clients are essential. Maintaining a professional and courteous attitude with clients is important, while staying confident and assertive at the same time.
Accounts Receivable Supervisor Tasks
- Assist Accounts Receivable Manager with analyzing Accounts Receivable reports.
- Supervise all the day-to-day Accounts Receivable and Collection activities.
- Recruit, train, mentor and evaluate all Accounts Receivable/collection staff.
Common Career Paths for Accounts Receivable Supervisor
Accounts Receivable Supervisors who go on to become Accounting Managers may see their salaries climb quite a bit. Median pay for Accounting Managers is $61K annually. Going from Accounts Receivable Supervisor to Accounts Receivable Manager is the transition that occurs most often in this field, and the average paycheck for Accounts Receivable Managers is $43K. Many others choose to work as Collections Managers, where pay is typically $49K.
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Popular Skills for Accounts Receivable Supervisor
Accounts Receivable Supervisors report using a pretty varied skill set on the job. Most notably, skills in bill collections, Accounts Receivable, Customer Service, and Microsoft Excel are correlated to pay that is above average. Those listing Quickbooks as a skill should be prepared for drastically lower pay. Microsoft Word and Financial Reporting also typically command lower compensation. Those proficient in Accounts Receivable are, more often than not, also skilled in Collections.
Pay by Experience Level for Accounts Receivable Supervisor
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Accounts Receivable Supervisors with more experience do not necessarily bring home bigger paychecks. In fact, experience in this field tends to impact compensation minimally. Those in the early stages of their career can expect to make around $45K; however, individuals with five to 10 years of experience bring in $48K on average — a distinctly larger sum. Accounts Receivable Supervisors bring in $50K after working for 10 to 20 years. 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 $51K on average.
Pay Difference by Location
Accounts Receivable Supervisors will find that New York offers an impressive pay rate, one which exceeds the national average by 29 percent. Accounts Receivable Supervisors can also look forward to large paychecks in cities like Atlanta (+20 percent), Dallas (+20 percent), San Jose (+18 percent), and San Diego (+14 percent). In Las Vegas, salaries are 18 percent below the national average and represent the lowest-paying market. Workers in Birmingham and Indianapolis earn salaries that trail the national average for those in this profession (15 percent less and 14 percent less, respectively).
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