The AR Manager manages collection activities such as sending follow-up inquiries, negotiating with past due accounts, keeping track of cash receipts and referring accounts to collection agencies. Controls all activities in the accounts receivable function. Being an AR Manager creates financial reports relating to account receivable function and status of accounts. Ensures accurate receivable records and verifies outstanding account balances. In addition, AR Manager audits methods and procedures of accounts receivable function to improve efficiency. Requires a bachelor's degree of accounting or finance. Typically reports to a director. The AR Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. Extensive knowledge of department processes. Working as an AR Manager typically requires 5 years experience in the related area as an individual contributor. 1 to 3 years supervisory experience may be required. (Copyright 2024 Salary.com)
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