How much does an Accounts Receivable Manager make in Lakeville, MN? The average Accounts Receivable Manager salary in Lakeville, MN is $107,884 as of February 26, 2024, but the range typically falls between $93,465 and $124,975. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. 

Accounts Receivable Manager Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Accounts Receivable Manager Salary $80,336 Lakeville,MN February 26, 2024
25th Percentile Accounts Receivable Manager Salary $93,465 Lakeville,MN February 26, 2024
50th Percentile Accounts Receivable Manager Salary $107,884 Lakeville,MN February 26, 2024
75th Percentile Accounts Receivable Manager Salary $124,975 Lakeville,MN February 26, 2024
90th Percentile Accounts Receivable Manager Salary $140,536 Lakeville,MN February 26, 2024
25% $93,465 10% $80,336 90% $140,536 75% $124,975 $107,884 50%(Median) Didn’t find job title? Click
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What skills does an Accounts Receivable Manager need?

Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

1.

Leadership: Knowledge of and ability to employ effective strategies that motivate and guide other members within our business to achieve optimum results.

2.

Forecasting: Forecasting is the process of making predictions of the future based on past and present data and most commonly by analysis of trends. A commonplace example might be estimation of some variable of interest at some specified future date. Prediction is a similar, but more general term. Both might refer to formal statistical methods employing time series, cross-sectional or longitudinal data, or alternatively to less formal judgmental methods. Usage can differ between areas of application: for example, in hydrology the terms "forecast" and "forecasting" are sometimes reserved for estimates of values at certain specific future times, while the term "prediction" is used for more general estimates, such as the number of times floods will occur over a long period. Risk and uncertainty are central to forecasting and prediction; it is generally considered good practice to indicate the degree of uncertainty attaching to forecasts. In any case, the data must be up to date in order for the forecast to be as accurate as possible. In some cases the data used to predict the variable of interest is itself forecasted.

3.

ERP: Enterprise resource planning (ERP) refers to a type of software that organizations use to manage day-to-day business activities such as accounting, procurement, project management, risk management and compliance, and supply chain operations.

Leadership 0.69%
Forecasting 0.16%
ERP 0.31%
Others 98.84%

Job Description for Accounts Receivable Manager

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)... View full job description

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Career Path for Accounts Receivable Manager

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Accounts Receivable Manager, the first career path typically progresses to Accounts Receivable Senior Manager.

Those that have already made the climb...
Raymond V. Damadian, Chairman of the Board; Acting Principal Financial Officer; Director
FONAR Corporation, together with its subsidiaries, engages in the research, development, production, and marketing of magnetic resonance imaging (MRI) scanners for the detection and diagnosis of human diseases in the United States. The company operates in two segments, Medical Equipment, and Physician Management and Di... More
Fiscal Year Ended in 2022
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Accounts Receivable Manager salary varies from city to city. Compared with national average salary of Accounts Receivable Manager, the highest Accounts Receivable Manager salary is in San Francisco, CA, where the Accounts Receivable Manager salary is 25.0% above. The lowest Accounts Receivable Manager salary is in Miami, FL, where the Accounts Receivable Manager salary is 2.9% lower than national average salary.

City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.0%
City, State Washington, DC Compared to national average
+ 11.3%
City, State Miami, FL Compared to national average
-2.9%
City, State Chicago, IL Compared to national average
+ 5.5%
City, State Boston, MA Compared to national average
+ 12.7%
City, State New York, NY Compared to national average
+ 17.5%
City, State Dallas, TX Compared to national average
-0.7%

Take just three simple steps below to generate your own personalized salary report

Step 1 of 3

Understand the total compensation opportunity for an Accounts Receivable Manager, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
93465
124975
107884

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
97792
135465
114568
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Accounts Receivable Manager in Lakeville, MN. The base salary for Accounts Receivable Manager ranges from $93,465 to $124,975 with the average base salary of $107,884. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $97,792 to $135,465 with the average total cash compensation of $114,568.
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For a real-time salary target, tell us more about your role in the four categories below.

93465
124975

 

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How much should you be paid?

About Lakeville, Minnesota    According to the United States Census Bureau, the city has a total area of 37.83 square miles (97.98 km2), of which 36.06 square miles (93.39 km2) is ....More

Lakeville, Minnesota  area prices were up 1.4% from a year ago    View the Cost of Living in Lakeville, Minnesota

Accounts Receivable Manager Salary in popular cities: MinneapolisSaint PaulRochester

Skills associated with Accounts Receivable Manager: Accounts Receivable, Payment Posting, Financial Statements, GAAP Standards ...More

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