If you’re looking to hire an Accounts Receivable Manager, you’ll need to be prepared with the right interview questions to ask the candidates. Here are some ideal interview questions that can help you determine who will be the best fit and contribute the most to the job.
Accounts Receivable Manager Interview Questions
The task of the Account Receivable Manager is to ensure invoicing procedures meet the terms of accounting regulations. Overseeing the payment collection is one of their responsibilities. In fact, they also manage a team of Account Receivable Clerks, depending on the size of the organization.
This profile requires strong leadership skills as well as the ability to work in teams.
Qualifications to look for
- Bachelor degree in Accounting, Business Administration or Finance
Skills to look for
- Knowledge of payable and receivable accounts
- Analytical thinking and management skills
- Knowledge and understanding of D&B reporting
These potential interview questions will help you analyze the skills required for this job profile to get the best fit for your company.
Operational and Situational questions
- What is the first thing that you will check if you find a billing discrepancy?
- Explain the steps you would take to close the accounts receivable period.
- How would you negotiate with a client who has a debt?
- Explain the method to forecast the next month’s payments?
- What time management suggestions would you give to the newly-hired Accounts Receivable Clerk?
- What goals will you set for your team?
Role-specific questions
- Mention the accounting software you have used so far. How do they assist in your daily tasks?
- What data do you include in an invoice for services rendered?
- How frequently do you conduct bank reconciliation and why?
- What are the steps of the journal entry process?
- What type of accounting reports do you create on a regular basis?
Behavioral questions
- How do you share the results from your team? Do you prefer verbal presentation or a detailed report?
- How do you handle inconsistent payments from clients?
- Have you ever committed a mistake on job that cost you money? What did you learn from this experience?
- Explain your approach to assess employee performance.
- How do you check the accuracy of your work?
- What keeps you up-to-date with changes in finance legislation?
- How will you ensure that you meet all deadlines?
