Accounts Receivable Manager Salary

Accounts Receivable Managers in the United States are often veterans in their line of work, with just below three-fifths bringing more than 10 years of experience to the table. Salaries slide in at $53K annually on average but can range from $32K to $75K per year. Including potential for bonuses and profit sharing — peaking near $10K and $5K, respectively — total cash payment to Accounts Receivable Managers can bottom out near $32K or peak near $75K depending on individual performance. Location is the biggest factor affecting pay for this group, followed by tenure. While just over one in five report receiving no health benefits, a strong majority do receive medical coverage, and more than half have dental, as well. The vast majority of Accounts Receivable Managers (86 percent) who participated in the survey are women. Most workers in this position report high levels of job satisfaction. Respondents to the PayScale salary survey provided the data for this report.

$37,483 - $79,885
$37K
$54K
$80K
MEDIAN: $54,139
10%
50%
90%

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$13.46 - $25.19
$13
$18
$25
MEDIAN: $18.10
10%
50%
90%

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$0$79K
Salary $37,483 - $79,885
Bonus $509 - $9,823
Profit Sharing $391.49 - $5,171
Commission $2,000
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).
)
$32,007 - $75,924
  • Country: United States
  • Currency: USD
  • Updated: 6 Oct 2017
  • Individuals Reporting: 862
Hourly Data $0$37
Hourly Rate $13.46 - $25.19
Hourly Tips $0.00
Overtime $21.52 - $37.36
Annual Data $0$75K
Bonus $509 - $9,823
Commission $2,000
Profit Sharing $391.49 - $5,171
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).
)
$32,007 - $75,924
  • Country: United States
  • Currency: USD
  • Updated: 6 Oct 2017
  • Individuals Reporting: 414

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

  • 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


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Accounts Receivable Managers may progress into high-paying roles like Financial Controller, where median compensation is $77K annually. More often than not, an Accounting Manager role is the next step for Accounts Receivable Managers moving up in the field. Accounting Managers usually make $61K per year. Many other Accounts Receivable Managers choose to take on a Staff Accountant role, where salaries are typically $44K.

Accounts Receivable Manager Job Listings

Popular Skills for Accounts Receivable Manager


Accounts Receivable Managers seem to require a rather large skill set. 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

National Average: $49,410

Larger city markers indicate a job is popular in that location.

Home to some of the best pay for Accounts Receivable Managers, Troy offers exceptional salaries, 30 percent above the national average. Accounts Receivable Managers can also look forward to large paychecks in cities like New York (+26 percent), Atlanta (+15 percent), Chicago (+10 percent), and Houston (+8 percent). Accounts Receivable Managers in Birmingham take home the lowest salaries, earning a whopping 24 percent less than the national average. Two other places where employers offer below-median salaries are Minneapolis (14 percent less) and St. Louis (10 percent less).

Accounts Receivable Manager Reviews

Q: What is it like working as an Accounts Receivable Manager?

Accounts Receivable Manager in Santa Barbara:
Pros: The job is interesting and fun.
Cons: No dental or vision benefits. I'd prefer a higher salary, but I am not complaining at all.

Accounts Receivable Manager in Niagara Falls:
"High stress."
Pros: It is located within a mile of my home.
Cons: Lack of performance reviews and pay increases. Difficult management personnel.

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

Related Job Salaries

Key Stats for Accounts Receivable Manager

Gender

Female
85 %
Male
15 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 298 votes.
Less than 1 year
1%
1-4 years
21%
5-9 years
21%
10-19 years
33%
20 years or more
24%

Experience Affects Accounts Receivable Manager Salaries

▲13%

▲7%

National Average
$49,000

▼1%

▼17%

Skills That Affect Accounts Receivable Manager Salaries




Microsoft Excel
▼0%

Accounts Payable
▼0%


National Average
$49,000

▼2%

▼2%



▼4%




▼10%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 298 votes.

Gender

Female
85 %
Male
15 %

Years of Experience

Less than 1 year
1%
1-4 years
21%
5-9 years
21%
10-19 years
33%
20 years or more
24%

Common Health Benefits

medical benefits
Medical: 75%
dental benefits
Dental: 64%
vision benefits
Vision: 50%
no benefits
None: 22%