Accounts Receivable Manager

Empowering financial success through accounts receivable management.

About

An Accounts Receivable (AR) Manager is responsible for overseeing the process of collecting payments from customers for goods or services that have been sold on credit. The AR Manager supervises a team of AR specialists who handle tasks such as creating and sending invoices, tracking payment deadlines, communicating with customers about overdue payments as well as resolving disputes. 

An AR Manager supervises a team of specialists who mainly aim at providing guidance, training as well as support. Additionally, they assign tasks and track progress to make sure that every task is completed accurately and on time. Furthermore, the role of an Accounts Receivable Manager is to ensure that the company receives payment for goods or services sold on credit in a timely as well as efficient manner, while maintaining positive relationships with customers.

Eligibility

For Bachelor’s

  • The candidates must pass the 10+2 examination with at least a 60% grade from a recognised board.
  • The aspirants must pursue a Bachelor's degree in the field of finance, accounting, economics from a recognised university or college. 
  • Moreover, the seekers must prepare themselves for the CA exam to get a high promotional job role in financial departments. 

 For Masters

  • The candidates are suggested to enrol for MBA in financial management after passing their Bachelor’s degree. 
  • By doing MBA, you can get required management skills to become an Accounts Receivable Manager. 

Job Roles

The job roles of an Accounts Receivable (AR) Manager include a variety of responsibilities related to the financial management of the company's accounts receivable processes. Some of the key job roles of an AR Manager are:

  • Assistance Manager
  • Accounts Receivable Manager
  • Senior Accounts Receivable Manager
  • Assistant General Manager 

Top Recruiters

Accounts Receivable (AR) Managers can be recruited by a variety of organisations including businesses of all sizes, non-profit organisations as well as government agencies. Some of the top recruiters of Accounts Receivable Managers are:

  • Accounting firms
  • Retail companies
  • Healthcare organisations
  • Financial services companies
  • Manufacturing companies
  • Technology companies
  • Government agencies

Employment Sector

  • Corporate accounting
  • Healthcare
  • Retail
  • Manufacturing
  • Professional services

Salary

The pay for an accounts receivable manager can vary depending on a number of variables including the organisation's size, location, industry and years of experience.

 

Level of Salary

Salary Package per Year

Starting Salary

Approx ₹4,00,000

Mid Level Salary

Approx ₹6,00,000 

Senior Level Salary

Approx ₹10, 00,000 

Skills

  • Financial Expertise
  • Attention to Detail
  • Analytical Skills
  • Communication Skills
  • Customer Service
  • Leadership and Management

Scope

The career scope for an accounts receivable manager is promising as the role is essential for the financial health of any business. This position requires a high level of expertise in accounting, finance and customer service. Accounts receivable managers can expect to have a good salary, job security as well as opportunities for advancement within their organisation. With experience and education, accounts receivable managers can progress to higher-level positions in finance or accounting such as financial controllers or CFOs. They may also choose to specialise in specific industries or areas such as healthcare or international finance. Overall, a career as an accounts receivable manager can offer job stability, career advancement opportunities and a challenging as well as rewarding work environment.

Benefits

  • Job Security
  • Advanced Opportunities
  • Good Salary
  • Great work environment

Drawbacks

  • Repetitive work
  • High pressure environment
  • Long Hours of working
  • High Expectations
  • Customer Conflict