Accounts Receivable Salary in Michigan

Accounts Receivable Manager - Average Salary $101,838

Accounts Receivable Manager manages accounts receivable functions to ensure compliance with internal controls and accounting policies. Oversees collection activities such as sending follow-up inquiries, negotiating with past-due accounts, and keeping track of cash receipts. Being an Accounts Receivable Manager monitors account aging reports, identifies delinquent accounts, and refers accounts to collection agencies. Develops and implements controls and policies to ensure accurate and compliant receivable records. Additionally, Accounts Receivable 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 Accounts Receivable 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. To be an Accounts Receivable 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.

Accounts Receivable Supervisor - Average Salary $75,783

Accounts Receivable Supervisor is responsible for supervising and guiding operations in the accounts receivable function of an organization. Maintains and reconciles accounts receivable ledger to ensure accurate and timely receipt of payments. Being an Accounts Receivable Supervisor monitors collection period and sends follow-up inquiries regarding payments for the organization. Negotiates with past-due accounts to resolve all payment issues in a timely manner. Additionally, Accounts Receivable Supervisor implements standard operating procedures to ensure compliance with internal accounting policies and controls. Generates reports to bring insight into collections, account ages, and other relevant metrics and relays conclusions to management. Requires a bachelor's degree. Typically reports to a manager. The Accounts Receivable Supervisor supervises a small group of para-professional staff in an organization characterized by highly transactional or repetitive processes. Contributes to the development of processes and procedures. To be an Accounts Receivable Supervisor typically requires 3 years experience in the related area as an individual contributor. Thorough knowledge of functional area under supervision.

Accounts Payable/Accounts Receivable - Average Salary $67,967

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Senior Accounts Receivable - Average Salary $49,590

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Medical Accounts Receivable - Average Salary $57,197

A medical accounts receivable professional is responsible for managing and maintaining the financial health of a healthcare organization by overseeing the collection of payments from patients and insurance companies. This includes processing and reconciling claims, following up on unpaid invoices, and resolving any billing discrepancies. They must also stay up-to-date on industry regulations and compliance standards to ensure accurate and timely reimbursement. Additionally, they may be responsible for analyzing and reporting on the organization's financial performance and identifying opportunities for improvement in revenue cycle management. Strong communication and problem-solving skills are essential for this role, as well as a thorough understanding of medical billing and coding practices.