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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Microsoft Excel

Spreadsheets

QuickBooks

SAP S/4HANA

Accounting Software Systems

Accounts Receivable (AR)

Customer Service

Invoice

Collection Processes

Payment Processing

Salary for Accounts Receivable Manager in Chicago, IL

82150 - 118420

25th percentile

82150

New to the role, with little or no experience; requires more than casual instruction or supervision to perform day-to-day duties

50th percentile

94240

Has the experience to consistently perform core responsibilities without direct supervision; very comfortable with processes and subject matter associated with the role

75th percentile

118420

Value to the organization goes far beyond the ability to perform normal job duties; has rare qualifications that enable consistent contribution in unique ways; ready for next career level when available

Projected salaries for related positions

Position title

25th percentile

50th percentile

75th percentile

Accounts Payable Manager

81840

91140

113150

Accounts Payable Specialist

56110

63550

69130

Accounts Receivable Specialist

58280

64790

70680

Accounts Receivable Analyst

66960

74400

83700

Accounts Payable Analyst

64170

70680

78120

Accounts Receivable Clerk

50840

56730

62310

Accounts Payable Clerk

49910

55800

62310

Billing Manager/Supervisor

66030

81840

103230

Billing Coordinator/Specialist

49910

57040

66650

Billing Clerk

47740

53010

58280

Purchasing Manager – Accounting Operations

78120

94550

111600

Inventory Analyst

53940

67270

80910

Inventory Clerk

44950

51150

63240

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