Accounts Receivable Manager in Chicago, IL

Accounts Receivable Manager Job Description

Professionals pursuing this position must have a deep understanding of accounting principles, financial statement analysis, and risk management. Accounts receivable managers should also have experience with accounts receivable software systems and be able to develop and implement processes to ensure accuracy and timeliness of payments. Top candidates will have a solid track record in customer service, collections, and dispute resolution, and work well under pressure. A bachelor’s degree in accounting or finance is expected, and a professional certification such as the CPA can be an asset.

Typical accounts receivable manager duties include:

Overseeing the accounts receivable team and ensuring accuracy of all accounts receivable activities

Monitoring and reviewing customer accounts to ensure payment terms are followed and overdue accounts are pursued

Investigating and resolving customer queries and disputes

Preparing, reviewing, and analyzing aging reports to identify trends and recommend solutions

Liaising with external auditors and third-party collection agencies as required

Assisting leadership in the preparation of the annual budget and long-term financial objectives

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Salary for Accounts Receivable Manager in Chicago, IL

86620 - 121390

25th percentile

86620

The candidate is new to the role and building the needed skills, experience and autonomy.

50th percentile

99125

The candidate has the experience to perform core responsibilities without direct supervision and is comfortable with the role’s processes and subject matter.

75th percentile

121390

The candidate delivers value beyond the stated job duties, has advanced qualifications and experience, and is ready for the next career level.

Projected salaries for related positions

Position title

25th percentile

50th percentile

75th percentile

Accounts Receivable Analyst

71675

79300

89060

Accounts Receivable Specialist

64965

71370

75640

Accounts Receivable Clerk

52765

61610

68930

Accounts Payable Manager

83875

95465

118035

Accounts Payable Analyst

68930

75640

82960

Accounts Payable Specialist

61305

66795

75030

Accounts Payable Clerk

51850

58865

65575

Billing Manager/Supervisor

71675

87230

109190

Billing Specialist

52765

61305

71065

Billing Clerk

50630

57035

63135

Purchasing Manager

79910

96685

114070

Purchasing Assistant

50935

57645

67100

Inventory Analyst

57340

71675

86010

Inventory Clerk

47275

53680

65880

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