Accounts receivable managers oversee the billing, posting, and collecting of assigned accounts. Main responsibilities include processing claims, managing reports, ensuring late charge billing is done on time, communicating billing issues, auditing accounts, preparing billing adjustments, and ensuring invoices are printed, sorted, and distributed. They should also be prepared to provide relevant training and supervision to staff. Additionally, the supervisor is responsible for planning all aspects of accounts receivable personnel, including holding monthly meetings to review policies and procedures, addressing discrepancies, and recommending changes. An accounts receivable supervisor also must maintain knowledge of current billing and collection regulations, as well as all policies and procedures. They must make effective use of time, materials, and resources by planning, scheduling, and organizing work.A bachelor's degree in accounting, business management, or a related field is needed for this position. A minimum of two years' supervisory experience and five years' experience in collections is essential, as is the ability to analyze financial statements. They must be able to maintain a high degree of ethics, integrity, and confidentiality at all times. Strong communication skills are a must, and they must demonstrate strong leadership traits. Extensive knowledge of basic software programs such as the Microsoft Office suite and Oracle, good analytical and problem solving skills, and the ability to establish and maintain effective working relationships with staff, managers, and clients are essential. Maintaining a professional and courteous attitude with clients is important, while staying confident and assertive at the same time.

According to recent data, the job role of Accounts Receivable Supervisor in Canada is projected to experience steady growth in the market. Over the past 10 years, the demand for this position has shown a consistent upward trend. The increasing complexity of financial transactions and the need for efficient cash flow management have contributed to the rise in demand for Accounts Receivable Supervisors. As a result, there is a positive outlook for employment opportunities in this field in the future. With all the latest data points available through Google, it is clear that the Accounts Receivable Supervisor role in Canada offers favorable growth prospects.

How to Learn

As an Accounts Receivable Supervisor with 3-6 years of experience in Canada, your main responsibilities include:<ul><li> Oversee accounts receivable processes, including invoicing, collections, and cash applications, to ensure accuracy and timeliness. Monitor and manage the entire accounts receivable cycle, from issuing invoices to timely collection of payments.</li><li> Develop and implement credit policies and procedures to minimize bad debt and improve cash flow. Create and enforce guidelines for extending credit to customers, ensuring financial stability and reducing the risk of non-payment.</li><li> Supervise a team of accounts receivable clerks, providing training, guidance, and performance evaluations. Lead and mentor a team, ensuring they have the necessary skills and resources to handle their responsibilities effectively.</li><li> Analyze accounts receivable data, generate reports, and provide insights to senior management for decision-making.</li></ul>

Roles & Responsibilities

Average take home Salary for a Accounts Receivable Supervisor in Canada is around $42493 per year

Salary Breakup

Managers of accounts receivable oversee the posting, billing, and collection of accounts assigned to them. Their main responsibilities are processing claims, preparing reports, making sure late charge billing is completed in time, addressing the billing issue, examining accounts, making adjustments to billing and making sure the invoices have been printed and sorted, and distributed. The invoices should also be prepared to provide appropriate supervision and training to employees. In addition the supervisor is accountable for coordinating every aspect of accounts receivable staff, which includes having regular meetings each month to discuss procedures and policies as well as addressing any discrepancies and making recommendations for modifications. A supervisor of accounts receivables must be aware of the latest laws regarding collection and billing and the policies and procedures in place. They should make efficient use of time, resources and resources through organizing, planning and coordinating work.

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Accounts Receivable Supervisor

Salary Breakup

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