Accounts receivable manager job description & career guide

Considering a step-up into Accounts Receivable leadership?

An Accounts Receivable (AR) Manager plays a pivotal role in maintaining a company's cash flow and financial health.

This position is ideal for professionals with a strong background in credit control, billing, and team leadership, aiming to transition into a strategic role that directly impacts business operations.

Dedicated Accounts Receivable Manager reviewing payment data and supervising revenue collection in a modern office

What does an accounts receivable manager do?

As an AR Manager, your primary responsibility is to oversee the entire accounts receivable process, ensuring timely collection of payments and maintaining accurate financial records.

This role involves close collaboration with finance teams, clients, and other departments to streamline billing processes and resolve any discrepancies.

 

Key responsibilities:

  • Manage and lead the accounts receivable team, setting clear objectives and performance standards.
  • Oversee the invoicing process, ensuring accuracy and compliance with company policies.
  • Monitor outstanding debts and implement effective collection strategies.
  • Conduct credit assessments for new and existing clients to mitigate financial risks.
  • Prepare regular reports on accounts receivable status and cash flow projections.
  • Collaborate with sales and customer service teams to address billing issues and improve client satisfaction.
  • Ensure compliance with relevant financial regulations and internal controls

 

Essential skills & qualifications

To excel as an Accounts Receivable Manager, consider developing the following skills and qualifications:

Educational background

A bachelor's degree in accounting, finance, or a related field is typically required.

Experience

Several years of experience in accounts receivable or credit control, with a proven track record of managing teams and improving collection processes.

Technical proficiency

Familiarity with accounting software (e.g., MYOB, Xero, QuickBooks) and advanced Excel skills.

Analytical skills

Ability to analyse financial data, identify trends, and implement effective solutions.

Communication

Strong interpersonal skills to liaise with clients and internal stakeholders effectively.

Attention to detail

Meticulous approach to managing financial records and ensuring accuracy.

Leadership

Capability to motivate and guide a team towards achieving departmental goals.

 

Career progression opportunities

A role as an Accounts Receivable Manager can open doors to various advanced positions within the finance sector, such as:

  • Credit Control Manager: Overseeing credit policies and managing credit risk.
  • Finance Manager: Handling broader financial responsibilities, including budgeting and forecasting.
  • Shared Services Manager: Leading centralised finance functions across multiple departments or business units.

 

Salary expectations in Australia

Salaries for Accounts Receivable Managers in Australia vary based on experience, location, and company size. On average, you can expect:

  • Entry-Level: Approximately AUD $90,000 per year.
  • Mid-Level: Around AUD $110,000 per year.
  • Senior-Level: Up to AUD $130,000 or more per year.

Note: These figures are indicative and can vary based on specific circumstances and market conditions.

 

Tips for aspiring accounts receivable managers

  • Continuous Learning: Stay updated with the latest financial regulations and best practices in credit management.
  • Networking: Join professional associations and attend industry events to connect with peers and learn from their experiences.
  • Certifications: Consider obtaining certifications such as the Certified Credit Executive (CCE) to enhance your credentials.
  • Mentorship: Seek mentorship opportunities to gain insights and guidance from experienced professionals in the field.

 

Ready to advance your career?

If you're aiming to take the next step in your finance career, transitioning into an Accounts Receivable Manager role could be the perfect move.

This position not only offers the opportunity to lead a team, but also to make a significant impact on a company's financial stability and growth.

 

If you’re ready to explore Accounts Receivable Manager positions, we can help. 

We’ll work with you to find a role that fits your skills and aspirations in Sydney’s competitive market

Submit your CV, explore open roles, or simply get in touch. Let’s shape your next move together.

 

For hiring managers ready to recruit an Accounts Receivable Manager, download our job description template.

For job seekers who need to write or update their resume, download our resume guide and template.

Frequently asked questions

Contact our team

For any enquiries on hiring your next Sydney Accounting professional or finding your next Accounting job, please complete the details below and one of our team of specialists will be in touch.

Form Loading Icon
Contactbg