Accounts Payable/Receivable Manager Job Descriptions
An accounts payable / receivable manager is an accounting professional engaged by an organization to record and maintain all incoming and outgoing financial transactions. While they can accomplish this manually using a paper ledger if the company is small, these professionals more commonly use computer software such as QuickBooks or Arriba to manage these transactions.
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Team Management
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Accounts payable/ receivable managers have responsibility for a very important area of their employers' businesses. As a result, is it important for them to assemble a top-notch team of accounts payable/ receivable specialists to accomplish their tasks efficiently and accurately. In addition to recruiting and hiring specialists, accounts payable/ receivable managers train these new employees on the organization's processes, procedures and systems, as well as supervise their work.
Working in the Field
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Accounts payable/ receivable managers work in office environments, sitting at a desk within a cubicle or an office. Most often, these individuals work a standard 40-hour week Monday through Friday. It is not uncommon, however, particularly in industries that experience busy seasons to work additional hours.
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Hazards of the Occupation
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Accounts payable/ receivable managers sit for long periods of the day, working at a computer. This may result in a variety of ailments. For example, it is not uncommon for those in this field to suffer occasional headaches and eyestrain from staring at their computer screens. Additionally, these managers risk repetitive motion ailments such as carpel tunnel syndrome.
Eligibility Requirements
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Due to the important nature of this role, most employers prefer to hire accounts payable/ receivable managers who possess at least a four-year degree in finance, accounting or a related area of study. Additionally, individuals may choose to obtain certification, accomplished by successfully passing examinations administered by the International Accounts Payable Professionals and the International Accounts Receivable Professionals, respectively.
Occupational Statistics
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The United States Bureau of Labor Statistics reported individuals employed in this field earned a median annual income of $32,510, as of 2008. At that time, the agency reported this is a promising field for job seekers to enter, as it expected opportunities to increase over the following two years. This was because of estimates of more financial transactions and a deeper concern for accuracy among employers.
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References
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