Key Achievements:
- Implemented streamlined AR processes, reducing collection cycles by 30%.
- Introduced automated invoicing and payment tracking systems, saving 10+ hours per week.
- Improved cash flow forecasting, contributing to £200,000 in working capital optimisation.
- Reduced aged debt by 25% through proactive credit control and dispute resolution.
- Mentored and developed the AR team, improving efficiency, accuracy, and reporting quality.
Duties & Responsibilities:
- Oversee the accounts receivable function, including invoicing, payment processing, and reconciliations.
- Monitor outstanding customer balances and implement strategies to reduce overdue accounts.
- Develop and implement AR policies, procedures, and internal controls.
- Prepare and analyse monthly, quarterly, and annual AR reports and dashboards.
- Lead the month-end and year-end closing processes for receivables.
- Collaborate with finance, sales, and operations teams to resolve billing or payment discrepancies.
- Manage cash application and allocation processes to ensure accurate customer account postings.
- Assist in credit control and the assessment of customer credit risk.
- Liaise with internal and external auditors, providing documentation and schedules for AR.
- Implement process improvements and automation initiatives within the AR function.
- Approve payment arrangements and oversee collections from key customers.
- Support forecasting, budgeting, and cash flow planning related to receivables.
- Maintain accurate AR records and filing for compliance and audit purposes.
- Train, mentor, and supervise AR staff, ensuring high performance and development.
- Provide ad-hoc reporting and financial analysis for management decision-making.
- Ensure compliance with statutory, regulatory, and corporate financial policies.
- Participate in system upgrades, process enhancements, and automation projects.
- Uphold confidentiality, integrity, and professionalism in all AR activities.
- Monitor key performance indicators (KPIs) for the AR team and report results to senior management.
- Contribute to continuous improvement initiatives across the finance department.
What does an Accounts Receivable Manager do?
An Accounts Receivable Manager oversees customer invoicing, collections and cash allocation processes. They ensure outstanding debts are managed effectively while maintaining strong customer relationships and supporting healthy cash flow.
What qualifications do you need to become an Accounts Receivable Manager?
Employers typically look for extensive accounts receivable experience alongside leadership capability. Accounting qualifications such as AAT, ACCA or CIMA can also strengthen career prospects.
What skills are important for an Accounts Receivable Manager?
Successful Accounts Receivable Managers require leadership, communication and analytical skills. Strong negotiation ability, attention to detail and knowledge of credit management processes are also essential.
What are the responsibilities of an Accounts Receivable Manager?
Responsibilities include managing customer invoicing, overseeing collections, monitoring aged debt, supervising accounts receivable teams, producing reporting and improving cash collection performance.
What career progression is available for an Accounts Receivable Manager?
Accounts Receivable Managers commonly progress into Transactional Finance Manager, Shared Services Manager, Financial Controller or broader finance leadership roles.