Accounts Receivable Clerk
$10K
/ year
3-6 years experience
Description
Along with monitoring credits and debits for accounts, accounts receivable clerks are also responsible for following posts of payments for customers, sending payments to accounts, verifying payments or deposits, monitoring unpaid invoices, and contacting customers who are late on payments. They also maintain records of any debits or credits within the company, send out payments, follow-up on payments, and monitor payments. Accounts receivable clerks must be able to quickly resolve issues that might come up with customers or within the company. They also work with supervisors and other clerks to do their job.
Relevant education such as accounting courses or a bookkeeping certification is helpful but not always necessary. Accounts receivable clerks need to be able to analyze information and resolve issues, as well as have a strong attention to detail, communication skills, data entry skills, and math skills. They also must have knowledge of financial software. Most employers only consider applicants with at least one to three years of experience in accounts receivable or general accounting, or equivalent education.
Roles & Responsibilities
As an Accounts Receivable Clerk with 3-6 years of experience in the AE:
- Manage and reconcile customer accounts, ensuring accurate and up-to-date records of payments and outstanding balances.Maintain detailed records of customer transactions and update account information regularly.
- Monitor and follow up on overdue payments, sending reminders and initiating collection activities as necessary.Communicate with customers to address payment issues, negotiate payment plans, and resolve disputes.
- Prepare and generate regular reports on accounts receivable status, including aging analysis and collection forecasts.Analyze data to identify trends, assess credit risks, and optimize cash flow management.
- Collaborate with internal teams, such as sales and customer service, to resolve billing discrepancies and improve the overall accounts receivable process.
Qualifications & Work Experience
In addition to monitoring credit and debits to accounts, the accounts receivable clerks are also accountable for following the postings of payment to customers, transferring checks to accounts, confirming deposits or payments, observing accounts that are not paid, and calling customers who are in arrears with payments. They also keep records of any credits or debits within the company, and send out payments, monitor payments, and keep track of the status of payments. Clerks of accounts receivable must be able to resolve quickly problems that may arise either with the customers or within the company. They also collaborate alongside supervisors as well as other clerks in order to accomplish their tasks.
Essential Skills For Accounts Receivable Clerk
1
Accounting Fundamentals
2
Financial Accounting
3
Managing Accounts
4
Accounting
5
Account Reconciliation
Skills That Affect Accounts Receivable Clerk Salaries
Different skills can affect your salary. Below are the most popular skills and their effect on salary.
Financial Accounting
36%
Career Prospects
For an Accounts Receivable Clerk with 3-6 years of experience in AE, there are several alternative roles to consider. Here are four options:
- Billing Specialist: This role focuses on managing billing processes, invoicing clients, and resolving payment discrepancies.
- Credit Analyst: A position that involves assessing the creditworthiness of customers, managing credit limits, and minimizing bad debt risks.
- Collections Specialist: This role concentrates on collecting outstanding payments from customers, implementing collection strategies, and managing customer relationships.
- Financial Coordinator: A position that involves coordinating financial activities, preparing financial reports, and supporting the finance team in various tasks.
How to Learn
The job role of an Accounts Receivable Clerk has shown steady market growth in the United Arab Emirates. Over the past 10 years, the demand for this position has increased, attributed to the rapid expansion of businesses and industries in the region. According to Google's latest data points, the projected growth of this role is expected to continue in the coming years. This growth can be attributed to the flourishing economy and increasing complexities in financial operations. Consequently, there will be numerous employment opportunities available in the future for individuals seeking a career as an Accounts Receivable Clerk in the United Arab Emirates.