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Accounts Receivable Job Description

Kundan Pandey Jun 18, 2019
An accounts receivable covers major tasks related to the accounting department of a firm. Read ahead for more information about this job profile.
The field of finance and accounting is well-known for providing employment opportunities to a large number of skilled accounts and finance graduates. The scope and extent of career opportunities in this field has always been fairly good enough, except in times of a bad economy.
Nevertheless, the jobs of accounts receivable in recent years has gained significant importance in various industries. Their duties consist of various activities, like maintaining a proper report of firms accounts and balance sheets. Operations and marketing departments, on the other hand, ensure that the quality and sales aspect of the firm is at its peak.

Job Description

  • As accountants are hired at various designations, their job duties may differ.
  • Generally, the job includes keeping up-to-date billing systems and check on the various collection, billing and reporting activities.
  • Accounts receivables normally report to the Chief Financial Officer (CFO).
  • They are expected to draft weekly reports about finances and resolve any outstanding payments.
  • You need to have adequate knowledge of accounting software and expertise in handling Microsoft Office, especially Excel.
  • You will be interacting with higher management officials and handling various facets of accounting.
  • You need to have strong organizational and multitasking abilities.
  • Attending daily collection calls is a part of the job too.
  • You have to carry out proper market research, accounting research, and analysis
  • It is your duty to send statements to customers and clients regarding their financial transactions or other aspects of the financial market
  • You are also expected to sort out the problems of customers with respect to outstanding issues.
  • Basically, accounts receivable is a term that is generally used to indicate accounts that are held by customers who owe money to the firm or the company for some goods and services.
  • If you are a manager in this field, then your job will involve various roles in accounts department, and you will also be asked to hire and train accounts receivable clerks.
  • Initially, one starts with the position of a clerk, and with increased work experience and performance, is promoted to manager's post. This demands several years of work experience and practice.
  • As these jobs require extensive use of computers in maintaining financial data and other reports, a certain level of proficiency in computers is absolutely important.

Salary

  • The average salary for professionals with a work experience between 1 to 4 years is approximately USD 40,200.
  • An experience between 5 to 9 years demands a salary of around USD 43,300.


The career development path for accountants receivable professionals is fairly bright and it promises excellent growth options for junior accountants.