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)
Job Summary: Responsible for the timely and accurate posting of all accounts receivable payments and adjustment transactions. Ensures that all amounts are balanced to the deposit received and that all related transactions such as contractual adjustments, denials, and payments reversals included in remittance correspondence are recorded in the patient accounting system.
Essential Functions:
Minimum Qualifications:18 years of age.
Knowledge, Skills & Abilities: Knowledge of hospital CDM is helpful. Need excellent verbal communication and interpersonal skills. Must be able to respond to questions in a tactful and professional manner. Must have good organization and time management skills. Candidate must be self-motivated and possess the ability to work well with others.
Working Conditions: Work is generally performed within an office environment with standard office equipment available.
Physical Requirements: Work is generally sedentary in nature, must be able to work for prolonged periods of time, sitting at a computer.
Physical Activities Chart: Constantly sit, see/visual acuity. Frequently handle/grasp/feel, talk/hear. Occasionally lift/carry 1 to 25 lbs.
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