Accounts Payable & Receivable Manager Salary in Minneapolis, Minnesota

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Average Salary for Accounts Payable & Receivable Manager in Minneapolis, Minnesota

The average salary of a(n) Accounts Payable & Receivable Manager in Minneapolis, Minnesota is $93,484.

The average hourly rate of a(n) Accounts Payable & Receivable Manager in Minneapolis, Minnesota is $44.94.

The average bonus of a(n) Accounts Payable & Receivable Manager in Minneapolis, Minnesota is $6,609.00.

Job Description:

Manages and coordinates activities required to ensure an accurate accounts payable and receivable system. Plans, schedules, and directs the work of the Accounts Payable and Receivable Departments of an organization. Develops and recommends policies and procedures to govern the payment of company bills to the advantage of the organization in terms of cash flow and discounts. Responsible for 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. Monitors 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 organization. Manages the investigations of amounts due from the organization for goods and services purchased. Develops and implements methods and procedures for monitoring work activities, such as preparation of records of expenditures, progress reports, etc., in order to inform management of current status or work activities. Analyzes department budget to identify budget needs and/or reductions, and may allocate operating budgets funds. Establishes policies and procedures to improve the efficiency of the accounts payable department. Prepares reports on the status of payables. Determines the amount of credit to be extended and recommends amount of working capital necessary to finance accounts payable. Manages maintenance of accounts payable ledger. Manages adjustment of customer claims. Less

Manages and coordinates activities required to ensure an accurate accounts payable and receivable system. Plans, schedules, and directs the work of the Accounts Payable and Receivable Departments of an organization. Develops and recommends policies and procedures to govern the payment... More

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Complete non-complex account reconciliations to be reviewed by senior accountant, accounting manager, controller, or CFO....

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