In accounting, a receivables manager plays a crucial role in overseeing the management and collection of accounts receivable, which are amounts owed to a company by its customers for goods or services provided. Their responsibilities typically include:

  1. Monitoring Accounts Receivable: Tracking and reviewing outstanding invoices and payments due from customers.
  2. Credit Management: Assessing the creditworthiness of customers before extending credit terms. This involves setting credit limits and terms of payment.
  3. Invoicing and Billing: Ensuring accurate and timely invoicing of customers for goods or services rendered.
  4. Collection Strategies: Developing and implementing effective collection strategies to minimize overdue accounts and improve cash flow.
  5. Customer Relations: Maintaining good relationships with customers while following up on overdue payments.
  6. Reporting and Analysis: Generating reports on accounts receivable status, aging analysis, and bad debt provision for management review and decision-making.
  7. Coordination with Other Departments: Collaborating with sales, customer service, and finance departments to resolve issues related to accounts receivable.

Overall, the receivables manager plays a pivotal role in optimizing cash flow and ensuring that the company's accounts receivable are managed efficiently and effectively.