Accounts Receivable Manager manages accounts receivable functions to ensure compliance with internal controls and accounting policies. Oversees collection activities such as sending follow-up inquiries, negotiating with past-due accounts, and keeping track of cash receipts. Being an Accounts Receivable Manager monitors account aging reports, identifies delinquent accounts, and refers accounts to collection agencies. Develops and implements controls and policies to ensure accurate and compliant receivable records. Additionally, Accounts Receivable Manager verifies customer credit limits and applicable payment terms. Audits methods and procedures of accounts receivable function to improve efficiency. Requires a bachelor's degree. Typically reports to a director. The Accounts Receivable Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. To be an Accounts Receivable Manager typically requires 5 years experience in the related area as an individual contributor. 1 - 3 years supervisory experience may be required. Extensive knowledge of the function and department processes. (Copyright 2024 Salary.com)
Position Title: Accounts Receivable Specialist
Department: 6200|Administrative Services
Responsibilities:
As an Accounts Receivable Specialist at the University of Louisiana at Lafayette, you will play a crucial role in assisting the Accounts Receivable Supervisor in the management of outstanding student balances. Your primary responsibility will be to help ensure the timely collection of outstanding tuition and fees, supporting the financial health of our institution.
Key Responsibilities:
-Assist
in the collection of outstanding student balances by communicating with
students and their families via phone, email, and mail.
-Maintain accurate and up-to-date records of all communication and payment arrangements.
-Generate and send invoices and billing statements to students and their guardians in a timely and accurate manner.
-Verify the accuracy of invoices, addressing any discrepancies promptly.
-Process incoming payments and post them to the appropriate student accounts.
-Reconcile payments received with outstanding balances, ensuring accuracy.
-Provide
excellent customer service to students and their families by addressing
inquiries, resolving payment issues, and explaining payment plans and
policies.
-Generate regular reports on accounts receivable status, providing updates to the Accounts Receivable Supervisor.
-Collaborate
with other departments, such as Student Services and Financial Aid, to
ensure a streamlined and coordinated approach to student financial
matters.
-Stay up-to-date with relevant financial regulations and institutional policies, ensuring full compliance.
Qualifications:
Required Qualifications:
-Associate’s degree in a Business-related field
Preferred Qualifications:
- Excellent communication skills; both written and verbal
- Previous experience in accounts receivable or a related financial role is a plus.
- Must be able to work in a stressful environment and maintain a level of professionalism.
Job Ad# (req2591)
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