Accounts Receivable Manager in Chicago, Illinois Salary
How much does an Accounts Receivable Manager make in Chicago, IL? In Chicago, an Accounts Receivable Manager earns around $57,456 annually on average. This is 6% higher than the national average for an Accounts Receivable Manager which is $53,964 annually. Salaries for an Accounts Receivable Manager in Chicago range from $37,500 per year to $91,000 per year. Total Annual Pay, which includes salary, bonus, and overtime for an Accounts Receivable Manager in Chicago ranges from $38,875 to $81,703 annually. Among those reporting, there is an average job satisfaction rating of 0 out of 5 stars. In this profession, there is a pretty equal ratio of male and female in Chicago with men accounting for 50 percent of the population. In Chicago, an Accounts Receivable Manager often enjoys medical, dental, and vision benefits provided by their employer.
|Salary||$37,500 - $91,000|
|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).)
|$38,875 - $81,703|
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. (Copyright 2017 PayScale.com)
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.
Accounts Receivable Manager Job Listings
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 $43,000 based on 7 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 $59,000 based on 14 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 $57,000 based on 12 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 $62,000 based on 6 salaries.
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