Accounts Receivable Manager Job Profile and Description

As part of the asset or cash accounting team, the Accounts Receivable Manager is responsible for monetizing accounts receivables from inventory sales, interbranch collectibles or asset disposals by ensuring timely collection.  He is also responsible for monetizing and disposing non-performing uncollectible accounts at the earliest possible timeframe. These accounts are mostly from sales of goods with 30 to 90-day payment terms and are first booked as sales receivables rather than cash sales.  Loan payments are also booked as receivables.  The Accounts Receivables Manager supervises its collection and in the case of banks, sells or discounts uncollectibles to collection agencies at a fraction of their booked values.

Duties and Responsibilities

  • Monitor and track aging of receivables by product line and ensure collection notices are made at prescribed waypoints before and after due dates with the right late payment surcharges if needed.
  • Supervise a team of collection officers
  • Maintain good business relations with and use 3rd party collection agencies when required.
  • Sell uncollectible accounts at discounted values to 3rd party to recover operational cost
  • Implement corporate policies in handling, collecting and disposing of accounts of receivable.
  • Perform periodic review of accounts to determine which can still be ages and which to discount for 3rd party collectors.

Skills and Specifications

  • Must exhibit strong sense for detail and computational accuracy
  • Must have basic computer knowledge in excel word and power point
  • Must have excellent people management, verbal and written communication skills to interact with customers and 3rd party collectors
  • Must have excellent negotiation and diplomatic skills when collecting due payments.
  • Must exhibit strong organizational, problem solving and time management skills.

Education and Qualifications

At the minimum, a college degree in accounting is a minimum requirement while professional accreditation such as CPA is an added advantage. A 2-3 year related accounts receivable or management experience in another company is also an edge. Computer literacy with spreadsheets and word processing is basic and a working familiarity with automated accounting systems or ERPs is an edge.