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Accounts Receivable Manager Salary in Elgin, Illinois

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Average Salary for Accounts Receivable Manager in Elgin, Illinois

The average salary of a(n) Accounts Receivable Manager in Elgin, Illinois is $90,335.

The average hourly rate of a(n) Accounts Receivable Manager in Elgin, Illinois is $43.43.

The average bonus of a(n) Accounts Receivable Manager in Elgin, Illinois is $6,125.00.

Job Description:

Manages and coordinates activities required to ensure an accurate accounts receivable system. Oversees accounts receivable activities involving tracing sources of error, correcting billing records, processing final billings, reconciling errors, accuracy of charges on customer's bills, investigating, granting, and controlling credit, and in collecting accounts due, maintenance of accounts receivable ledger, and adjustment of customer claims. Reviews accounts receivable records, including claims and overdue invoices. Establishes and implements collection procedures. Prepares report on the status of credit and collections and other operating statements. Determines the amount of credit to be extended and recommends amount of working capital necessary to finance accounts receivable and to provide reserves against bad debts. Participates in credit groups in bankruptcy actions. Investigates credit standing of new customers, arranges terms of payment, and follows up on collection of accounts. Aids customers in obtaining financial assistance. Conducts or participates in special studies of economic conditions in particular industries. Visits existing and potential customers to investigate credit and collection matters and to foster good credit relationships between customer and company. Less

Manages and coordinates activities required to ensure an accurate accounts receivable system. Oversees accounts receivable activities involving tracing sources of error, correcting billing records, processing final billings, reconciling errors, accuracy of charges on customer's bills, investigating, granting, and controlling credit,... More

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