Accounts Receivable Supervisor is responsible for supervising and guiding operations in the accounts receivable function of an organization. Maintains and reconciles accounts receivable ledger to ensure accurate and timely receipt of payments. Being an Accounts Receivable Supervisor monitors collection period and sends follow-up inquiries regarding payments for the organization. Negotiates with past-due accounts to resolve all payment issues in a timely manner. Additionally, Accounts Receivable Supervisor implements standard operating procedures to ensure compliance with internal accounting policies and controls. Generates reports to bring insight into collections, account ages, and other relevant metrics and relays conclusions to management. Requires a bachelor's degree. Typically reports to a manager. The Accounts Receivable Supervisor supervises a small group of para-professional staff in an organization characterized by highly transactional or repetitive processes. Contributes to the development of processes and procedures. To be an Accounts Receivable Supervisor typically requires 3 years experience in the related area as an individual contributor. Thorough knowledge of functional area under supervision. (Copyright 2024 Salary.com)
Description
The Accounts Receivable Specialist must be able to possess a variety of skills in the financial, clerical ,and administrative areas. They are to provide these services with a high degree of accuracy in a dynamic business environment.
The duties associated with a position in Accounts Receivable include promoting and maintaining accuracy in all areas of operations, overseeing and processing incoming payments, and ensuring incoming revenue is secured properly through the accurate verification and posting of receipts.
Responsibilities
Accounts Receivable
• Follow established procedures for all payments received and/or returned.
• Research and resolve any cash receipt questions or discrepancies• Prepare bank deposits• Accurately send requested wires and transfers
Leases
• Process lease payoffs• Completes lease terminations
• Accurately completes requests from other departments
• Process restructures and deferrals• Process lease charge offs.
Special Projects
• Perform job tasks assigned as needed for special projects
• Gather data for audits when required
Requirements
Requirements
Skills and Abilities
Accounts Receivable Job Duties and Responsibilities
Required Education and Experience