How much does a Accounts Receivable Specialist make?
An Accounts Receivable Specialist plays a key role in managing a company's finances. They ensure that the company gets paid for the goods and services they provide. This job is important and comes with a good salary. The average yearly salary for an Accounts Receivable Specialist is around $49,031. This means that most people in this role earn between $36,545 and $64,909 each year.
The salary can vary based on several factors. These include the size of the company, the industry, and the location. Specialists working in larger companies or in big cities often earn more. Experience and education also play a role. Those with more years of experience and higher qualifications can expect to earn more. This job offers a stable income and good opportunities for growth.
What are the highest paying cities for a Accounts Receivable Specialist?
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San Francisco, CA
Average Salary: $65,142
In San Francisco, professionals manage accounts for tech giants like Salesforce and Uber. The city's dynamic economy offers many opportunities for growth. The competitive salary helps balance the high cost of living.
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San Jose, CA
Average Salary: $60,256
San Jose is home to many tech companies, including Apple and Google. Working here means dealing with fast-paced billing cycles. The tech industry's growth provides a stable job market.
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Boston, MA
Average Salary: $60,147
Boston offers a mix of finance and healthcare sectors. Companies like Fidelity and Mass General look for skilled specialists. The city's rich history adds to its vibrant work culture.
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Washington, DC
Average Salary: $59,594
In Washington, DC, you work with government agencies and non-profits. Companies like Deloitte and the World Bank need reliable specialists. The city's political environment offers unique job opportunities.
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Los Angeles, CA
Average Salary: $58,801
Los Angeles has a diverse job market with entertainment and tech companies. Working with firms like Disney and Amazon is exciting. The city's warm climate makes commuting pleasant.
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San Diego, CA
Average Salary: $58,246
San Diego offers a mix of biotech and defense industries. Companies like Qualcomm and Scripps Health need skilled professionals. The city's beautiful beaches provide a great work-life balance.
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Seattle, WA
Average Salary: $57,785
Seattle is known for tech companies like Amazon and Microsoft. Working here means handling complex billing systems. The city's progressive environment fosters innovation.
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Providence, RI
Average Salary: $56,095
Providence has a mix of healthcare and education sectors. Working with companies like CVS Health and Brown University is rewarding. The city's small-town feel offers a close-knit community.
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Santa Rosa, CA
Average Salary: $55,366
Santa Rosa offers a mix of agriculture and tech industries. Working with companies like Adobe and Sonoma Wine Country is unique. The city's relaxed lifestyle makes it a great place to live and work.
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Sacramento, CA
Average Salary: $54,500
Sacramento is the capital and offers government and tech jobs. Working with companies like IBM and the State of California is impactful. The city's central location provides easy access to outdoor activities.
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What are the best companies a Accounts Receivable Specialist can work for?
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High Country Search Group
Average Salary: $59,817
High Country Search Group offers competitive salaries for Accounts Receivable Specialists. They are a staffing firm that places professionals in various industries. Their clients are located across the United States, providing diverse opportunities.
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Partner Engineering and Science, Inc
Average Salary: $56,923
Partner Engineering and Science, Inc. provides a good salary for Accounts Receivable Specialists. They focus on engineering and science consulting. Their offices are in several states, including California, Texas, and Virginia.
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CALL-A-HEAD CORP.
Average Salary: $56,491
CALL-A-HEAD CORP. offers a solid salary for Accounts Receivable Specialists. They specialize in call center services and have locations in multiple states, including Florida and New York.
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Vaco
Average Salary: $55,752
Vaco provides a competitive salary for Accounts Receivable Specialists. They are a staffing and recruitment firm with a presence in many states, including Illinois and New Jersey.
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Ledgent Finance & Accounting
Average Salary: $55,000
Ledgent Finance & Accounting offers a good salary for Accounts Receivable Specialists. They focus on finance and accounting staffing and have offices across the country, including in Colorado and Maryland.
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Leeds Professional Resources
Average Salary: $53,633
Leeds Professional Resources provides a competitive salary for Accounts Receivable Specialists. They are a staffing firm with a strong presence in the finance and accounting sectors, operating in states like California and New York.
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LHH Recruitment Solutions
Average Salary: $53,337
LHH Recruitment Solutions offers a solid salary for Accounts Receivable Specialists. They specialize in staffing and recruitment and have offices in several states, including Florida and Texas.
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LHH
Average Salary: $53,029
LHH provides a good salary for Accounts Receivable Specialists. They are a staffing and recruitment firm with a focus on finance and accounting. Their offices are located in multiple states, including California and New York.
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Robert Half
Average Salary: $52,845
Robert Half offers a competitive salary for Accounts Receivable Specialists. They are a leading staffing firm with a strong presence in finance and accounting. They have offices in many states, including Illinois and Texas.
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firstPRO Inc.
Average Salary: $52,729
firstPRO Inc. provides a good salary for Accounts Receivable Specialists. They are a staffing firm that places professionals in various industries. Their offices are located in several states, including California and New York.
How to earn more as a Accounts Receivable Specialist?
An Accounts Receivable Specialist can increase their earnings by focusing on several key areas. Building a strong foundation in financial software and systems is essential. Proficiency in tools like QuickBooks, SAP, or Microsoft Excel can make a specialist more efficient and valuable. Specialization in certain industries, such as healthcare or manufacturing, can also lead to higher pay. Gaining experience and certifications can open doors to better-paying positions. Networking with other professionals in the field can lead to job opportunities that offer higher salaries. Continuous learning and staying updated with industry trends can also help in securing higher-paying roles.
Another way to earn more is by taking on additional responsibilities. This could include managing a larger accounts receivable portfolio or leading a team. Seeking out roles that offer growth potential can lead to higher earnings over time. Effective communication skills can also help in negotiating a higher salary. Demonstrating a strong track record of meeting or exceeding targets can make a specialist more attractive to employers willing to pay more. Lastly, considering positions in areas with a higher cost of living can result in a higher salary. Each of these factors plays a crucial role in increasing earnings as an Accounts Receivable Specialist.
Here are five factors to consider for earning more:
- Master financial software and systems.
- Specialize in high-demand industries.
- Gain experience and certifications.
- Network with industry professionals.
- Stay updated with industry trends.
