Accounts Receivable Coordinator Jobs in the United States

Accounts Receivable Coordinator Jobs Overview

Accounts receivable (AR) coordinators oversee all AR transactions for a business by ensuring they are accurate, legitimate, and processed promptly. You handle billing, collections, reconciliations, and reporting and usually report to an office manager. The majority of accounts receivable coordinator jobs are in the professional service, healthcare, retail, manufacturing, and finance sectors.

Most of the time, accounts receivable coordinators work in the accounting or finance divisions of different types of businesses. In addition to traditional office environments, you may sometimes be required to work at client locations, at events, or remotely. You'll likely work full-time; however, there may be part-time options to suit certain schedules.

Common work duties for accounts receivable coordinators include:

• creating and delivering invoices
• resolving payment issues with customers
• making deposits with credit cards
• keeping an eye on online bill pay
• dealing with refund requests and charge-backs
• improving the AR ledger
• processing daily bank deposits
• supporting the process of revenue account reconciliation
• making copies, organizing files, and retrieving documents

Accounts receivable coordinators typically have managerial-level skills and expertise. You dedicate a significant portion of your time to overseeing staff and liaising with other departments to guarantee the accurate recording and upkeep of all receivables.

Salaries for Accounts Receivable Coordinator Jobs

Accounts payable/receivable managers earn an annual salary ranging from $52,704 to $109,994. The median salary for this profession is $74,510 per year. Major metropolitan areas like New York, NY, and Los Angeles, CA, offer a higher demand for accounts receivable coordinator jobs, and therefore tend to pay at the higher end of the scale.

Two primary skills that make you highly desirable as an accounts receivable coordinator are attention to detail and advanced communication capabilities. To see how much your skill set can earn you as an accounts receivable professional, use Monster's salary calculator.

Find the Best Accounts Receivable Coordinator Job for You

If you want to achieve your full professional potential, your career objectives must be in harmony with your interests, abilities, and dreams for the future. These may involve climbing the corporate ladder, becoming an expert within the niche of accounting software, or earning credentials as a certified accounts receivable professional (CARP).

Pay close attention to the accounts receivable coordinator job description for the essential duties, required skills, and opportunities for career advancement. Take note of the necessary qualifications, including familiarity with accounting concepts, expertise in managing accounts receivable, and competence with financial software. Consider the role's compatibility with your career aspirations and values concerning the company's culture and opportunities for professional growth.

Before applying, research the organization to see if it's a good fit for you. Get to know the company's principles, goals, and culture by perusing its website, mission statement, and other official documents. Read evaluations written by current and past employees to learn about the company's culture, management style, and level of employee satisfaction.

Application Advice for Accounts Receivable Coordinator Jobs

The typical application process for accounts receivable coordinator jobs involves submitting a resume and cover letter. Most jobs will also require you to undergo a background and reference check.

Prepare Your Application

Read the requirements section of the job posting thoroughly to find out what the employer is looking for in terms of knowledge, experience, and skill with financial software and accounting principles. Make sure that your application materials showcase your relevant abilities and certifications, highlighting your competence in these areas. Comply with any specific guidelines mentioned in the job advertisement, such as completing pre-employment tests, to enhance the likelihood of your application's acceptance.

Write a Standout Resume

Resumes written in a chronological format tend to work best when you're applying for accounts receivable coordinator jobs. This resume format makes it easy to showcase your professional progress and achievements in a clear and structured fashion, making it especially ideal for roles that require advanced skills and managerial-level duties.

Hiring managers who use applicant tracking systems will be more likely to view your resume if you include relevant resume keywords, such as:

• detail-oriented
• Microsoft Excel
• accuracy
• communication
• collection management
• customer service
• invoicing
• reconciling
• accountable
• vendor management

You can use this accounts receivable resume sample to help create your own. If you need additional help, reach out to Monster’s Professional Resume Writing Service to receive a tailored resume that highlights your most marketable abilities and uses keywords that employers are looking for.

Craft a Cover Letter

A well-written cover letter shows that you are serious about the accounts receivable coordinator job you're applying for. The letter should include a short professional biography, a reference to the job posting, and an expression of interest in the position. It should also emphasize your qualifications for the position by describing your relevant work experience, education, and accomplishments.

Tips for customizing a cover letter for accounts receivable coordinator jobs:

• Personalize the material so that it fits in with the company's culture and the employment requirements.
• Prove your worth by highlighting your accounts receivable management-related accomplishments and work history.
• Keep the tone and wording of the letter professional at all times.
• Address the letter to the hiring manager or the appropriate department to add a personal touch.

Submit the Application

Monster makes it easy for you to apply for accounts receivable coordinator jobs — all it takes is an email address to sign up. Create a free account for benefits like a professional review of your resume, job alerts, and an easy job application process.

To ensure your application leaves a positive and lasting impression on hiring managers, it's imperative to double-check it for errors before submission. Run all your application materials through a grammar and spelling checker or ask a knowledgeable friend to proofread them for you. Also, verify that you have attached all necessary documents and followed all instructions before submitting your application on our platform.

Following Up With the Employer

Sending a follow-up message after you apply is a great way to reaffirm your interest in the role. Wait a week or two after sending an application; this ensures the hiring manager has enough time to review your documents.

How to Follow Up

You can follow up via phone or email, with the latter option usually being the most convenient for everyone involved. Check the job description to find the email address of the hiring manager. If you can't find it, try calling the employer's HR department to determine who to contact.

Interview Advice for Accounts Receivable Coordinator Jobs

You may come across a variety of interview formats when applying for accounts receivable coordinator jobs. Interview questions may be either competency-based, designed to gauge your knowledge and skills, or behavioral-based, designed to predict your behavior in certain scenarios.

Before the Interview

Always do your best to find out what the interview's format will be. This will help ensure you can properly prepare. If the interview is competency-based, you can prepare with these practice questions:

• Could you please describe your background working with SAP, QuickBooks, or other accounts receivable management system?
• When dealing with several accounts receivable tasks at once, how do you organize and prioritize your work?
• Have you ever had to figure out why a client's invoice or payment wasn't adding up?
• When handling invoice processing and accounts receivable record keeping, how can you guarantee accuracy and compliance?
• When customers have payments that are past due and you are trying to collect them, how do you approach communicating with them?

If the interview is behavioral-based, use these practice questions:

• Give me an example of a situation where you had to help a customer through a challenging billing problem. What was the result of your approach to the situation?
• Give an example of a time when you had to work with representatives from other divisions to fix a problem with accounts receivable.
• Could you tell me about a time when you improved accounts receivable processes by introducing new procedures?
• When customers refuse to agree to payment conditions or cooperate with collection operations, how do you manage their demanding or difficult behavior?
• Give me an example of when you were under pressure to complete accounts receivable reporting by a certain date. How did you keep your work on track and accurate?

During the Interview

Interview questions for accounts receivable coordinator jobs often center on your familiarity with financial software, capacity to effectively handle accounts receivable chores, and plans for handling billing disputes and past-due payments. Interviewers may also test your analytical thinking and communication abilities as well as your capacity to multitask.

Many employers ask you to complete a skills test to demonstrate your ability to perform well as an accounts receivable coordinator, including:

• data entry test
• spreadsheet test
• accounts receivable simulation
• math test
• software proficiency test
• problem-solving test

After the Interview

Sending a thank-you note the day following the interview is a great way to express your gratitude while emphasizing your genuine interest in the job. If you haven't received an update within a week or two, you can contact the hiring manager to get one. The thank-you note that you send offers an excellent opportunity to remind the hiring manager of your skills and experience as an accounts receivable coordinator.

What to Do When You Get a Job Offer

Take a minute to congratulate yourself! Then, to make sure the accounts receivable coordinator position is a good fit for your professional and personal objectives, carefully evaluate the job offer. The first step is to go over the whole compensation package, which includes the salary, benefits, and extras that the company is offering.

Make sure your abilities, experience, and career goals are a good fit for the position by reviewing its duties and criteria. Think about chances for professional development and training as well as options for growth and progress within the company. Make sure the location and commute are reasonable and work for you before you accept.

Career Paths for Accounts Receivable Coordinators

As an accounts receivable coordinator, you can use your talents and expertise to advance your career in a variety of ways within the financial and accounting professions. A typical route involves climbing the ranks of the accounts receivable department, eventually becoming an accounts receivable manager or supervisor. In these roles you’d be responsible for directing the company's accounts receivable process, leading a team of coordinators, and developing and implementing plans to maximize cash flow while decreasing delinquencies.

You also have the option of moving into more generalized positions within accounting and finance, such as an accounting administrator or financial analyst. In these positions, your duties might broaden to include financial analysis, budgeting, forecasting, and reporting.

Related Jobs

Your skills as an accounts receivable coordinator open up opportunities in a variety of related professions:

• collections specialist
• medical billing specialist
• payroll accountant
• revenue analyst
• treasury analyst