Accounts Receivable Manager

Accounts Receivable Manager qualifications to look for

Accounts Receivable Managers supervise compliance with accounting regulations for payment collections and invoicing procedures. In some companies, they may also supervise a team of Accounts Receivable Clerks.

These candidates hold an Accounting or Finance degree, and some may have additional certifications such as CPA. 

Keep an eye out for candidates who have:

• Solid time-management skills 
• Organizational skills to manage heavy workloads and stick to deadlines
• Analytical way of thinking 

If you need them to manage a team, test their ability to set objectives and evaluate employee performance.

Also, consider adding an Excel test to evaluate their familiarity with spreadsheets and formulas used every day. 

Top tip: Diversity is key to a thriving workplace. Keep an eye out for management and exec-level candidates from varying backgrounds and aim to eliminate bias from your hiring process.

Problem-solving interview questions

• You found a billing discrepancy. What’s your first step to solving it? 
• A client has outstanding debt. What negotiation process do you use?
• You need to close the accounts receivable period. What is your step-by-step process?
• How do you help a newly-hired Accounts Receivable Clerk become more proficient at time management?
• How do you collect data to forecast next month’s payments?
• What objectives do you set so your team meets monthly, quarterly and annual goals?
  

Role-specific interview questions

• What accounting software have you used? 
• How do you manage day-to-day tasks?
• What is your step-by-step process for a journal entry?
• What schedule do you adhere to when conducting a bank reconciliation? What does this process look like?
• What are your standard accounting reports?
• You’re sending an invoice for services rendered. What data does it include?
  

Behavioral interview questions

• What is your process for sharing results from your team? 
• A client is inconsistent with payments. What do you do?
• How do you evaluate employee performance? 
• Tell us about a time when you made a mistake in accounting. How did you handle it and what did you learn from that experience?
• How do you check your work for accuracy?
• How do you meet all your deadlines?
• What are some methods you use to stay up-to-date with financial legislation changes?