Accounts Receivable Coordinator Job Description Template
As an Accounts Receivable Coordinator, you will be responsible for managing the company's incoming payments, ensuring that invoices are accurate and sent on time, and maintaining effective communication with clients to ensure timely collections. Your role will be pivotal in maintaining the company's cash flow and financial health.
Responsibilities
- Generate and send out invoices to customers promptly.
- Monitor accounts to identify overdue payments.
- Contact clients to expedite the collection of outstanding balances.
- Ensure the accuracy of invoices and resolve discrepancies.
- Maintain detailed records of invoices, payments, and account statuses.
- Work closely with the finance team to reconcile payments and apply payments to appropriate invoices.
- Assist in preparing accounts receivable reports for management review.
- Follow established procedures for processing receipts, cash, etc.
Qualifications
- Bachelor's degree in Finance, Accounting, or related field.
- Minimum of 2 years experience in an accounts receivable position.
- Proficiency with accounting software and databases.
- Strong attention to detail and organizational skills.
- Excellent communication and customer service skills.
- Ability to work independently and in a team environment.
- Knowledge of general accounting principles and practices.
Skills
- QuickBooks
- Microsoft Excel
- SAP
- Customer service
- Accounting software
- Communication
- Detail-oriented
- Time management
Frequently Asked Questions
An Accounts Receivable Coordinator manages incoming payments and customer accounts. Responsibilities include recording payments, maintaining financial records, reconciling accounts, and ensuring customers adhere to payment terms. This role is crucial for maintaining cash flow, which involves following up on outstanding invoices and resolving billing discrepancies.
To become an Accounts Receivable Coordinator, individuals typically need an associate's or bachelor's degree in finance, accounting, or a related field. Gaining experience with accounting software and developing strong analytical skills are beneficial. Some may enter the field with relevant work experience and strong numeric aptitude, working their way up through administrative or clerical positions.
The average salary for an Accounts Receivable Coordinator is influenced by factors such as location, level of experience, and industry. Generally, these professionals earn a competitive salary that reflects their crucial role in managing financial transactions and ensuring efficient cash flow within a company. Additional benefits may include bonuses and health insurance.
Key qualifications for an Accounts Receivable Coordinator include a degree in accounting or finance. Other essential skills are proficiency in accounting software like QuickBooks and Excel, strong attention to detail, and excellent organizational abilities. Experience in customer service or collections is advantageous, as these tasks often involve resolving payment issues and maintaining client relationships.
Skills required for an Accounts Receivable Coordinator include strong analytical abilities, detail-orientation, and interpersonal skills. They must manage and resolve billing inquiries, maintain accurate financial records, and ensure timely processing of payments. Responsibilities also involve collaborating with other departments to align on financial procedures and participating in financial audits.