Billing and Collections Manager Salary in the United States

The Billing and Collections Manager oversees collection activities such as sending follow-up inquiries, negotiating with past-due accounts, and keeping track of cash receipts. Manages accounts receivable functions to ensure compliance with internal controls and accounting policies. Being a Billing and Collections Manager develops and implements controls and policies to ensure accurate and compliant receivable records. Monitors account aging reports, identifies delinquent accounts, and refers accounts to collection agencies. In addition, Billing and Collections Manager verifies customer credit limits and applicable payment terms. Audits methods and procedures of accounts receivable function to improve efficiency. Requires a bachelor's degree. Typically reports to a director. The Billing and Collections 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. Working as a Billing and Collections Manager typically requires 5 years experience in the related area as an individual contributor. 1 - 3 years supervisory experience may be required. Extensive knowledge of the function and department processes. (Copyright 2024 Salary.com)

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