How to Make Your Next Accounts Receivable Clerk Hire

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Last updated at 09-15-2020 16:12:20

Overview

Methodology

More than 17,111 companies advertise 51,054 Accounts Receivable Clerk jobs on SimplyHired and its partner sites each year. After analyzing job postings and salary information from these companies, as well as direct job seeker feedback, we’ve compiled a list of insights to show you how to attract and hire your next Accounts Receivable Clerk most efficiently.

Hiring Process

In the past quarter, we’ve seen 13,159 job posts from 6,084 employers in the United States. This is a increase of 14.4% compared to the previous quarter. On average, there are 103 Accounts Receivable Clerk job seekers for every active Accounts Receivable Clerk job, which shows that it is an employer's market.

Writing a Job Description

In the past quarter, Accounts Receivable Clerk, Customer Service Representative, Administrative Assistant, Accounts Payable Clerk, Receptionist, Accounting Clerk, Medical Biller, Accountant, Staff Accountant, and Data Entry Clerk seem to be the most sought after jobs amongst the Accounts Receivable Clerk candidates in the United States. This differs from the last six quarters, where the most popular titles were: Accounts Receivable Clerk, Administrative Assistant, Customer Service Representative, Accounts Payable Clerk, Accounting Clerk, Receptionist, Medical Biller, Staff Accountant, Accountant, and Office Manager. If you use one of these currently popular titles in the job description, you'll likely be able to attract a lot more candidates to apply.

For the Accounts Receivable Clerk candidates who are actively applying to jobs in this same period, we see that 4.0% of the active Accounts Receivable Clerk candidates have less than 3 years of experience, 8.4% have between 3-5 years of experience, 23.3% have 6-10 years of experience, and 64.3% have over 10 years of experience. The average years of experience has shifted from an estimated 12.7 years to 13.0 years. If you're posting a job in today's market, expect candidates with about the same experience level to apply to your job compared to the last 2 quarters.

In the previous quarter, the most popular skills that employers are looking for include Microsoft Excel, communication skills, accounts receivable, Microsoft Office, accounting, customer service, Microsoft Word, computer skills, analysis skills, and Microsoft Outlook. Demand for medicare, English, writing skills, windows, computer literacy, Sage, Netsuite, Spanish, account reconciliation, and bilingualism has significantly increased. If you are looking for an Accounts Receivable Clerk with a similar skill set, be sure to follow industry best practices in skill requirements.

Job posts with salary information received about 1.3 as many applies as those without it. In the past quarter, less than 32.2% of the job posts displayed salary information. By adding salary information to your job posting, you could potentially increase the number of applicants by approximately 30.0%.

Example Accounts Receivable Clerk responsibilities

  • Processing invoices and credit memos
  • Checking for errors and inconsistencies in the data
  • Provide customer service to customers who have questions or need information about an order
  • Verifying customers' information such as mailing address, billing address, phone numbers and/or the payment terms
  • Perform follow up activities and processes to ensure a timely payment of accounts receivable

Recruiting

Active Recruiting

When reaching out to candidates, it’s best to understand where to look. We’ve identified hiring trends in states as well as companies regularly hiring for Accounts Receivable Clerk positions. This should provide a good place to start looking for qualified candidates. According to our data in the last quarter: California, Texas, Florida, New York, and Illinois are the states that have the highest demand for Accounts Receivable Clerks. California, Texas, Florida, New York, and Illinois are where most job seekers are searching for Accounts Receivable Clerk jobs. If we look at the Accounts Receivable Clerk to job ratio, Arizona, Rhode Island, New Mexico, Arkansas, and Wisconsin have the lowest number of Accounts Receivable Clerk applicants per job. West Virginia, Wyoming, Louisiana, North Carolina, and South Carolina have the most active Accounts Receivable Clerk job seekers per job.

Passive Recruiting

While actively recruiting candidates for your role, you should also post your job to SimplyHired. By posting for free and paying only for the qualified applicants you want, your post will automatically go to a network of job boards to reach millions of qualified candidates. With SimplyHired, it doesn’t end with the post. You can track your applicants throughout the hiring process with our simple and easy to use Applicant Tracking System (ATS).

Review Candidates

In the last quarter, we estimate there are 1,355,981 job seekers interested in Accounts Receivable Clerk opportunities in the United States. That’s a 27.8% increase compared to the previous quarter with 1,060,981 active job seekers. Around 4.0% of the active Accounts Receivable Clerk candidates have less than 3 years of experience, over 8.4% have between 3-5 years of experience, 23.3% have 6-10 years of experience, and 64.3% have over 10 years of experience. The average experience level of the available Accounts Receivable Clerk candidates is 13.0 years. Active candidates in the Accounts Receivable Clerk profession most commonly have high school diplomas, followed by bachelor's degrees, associate's degrees, and master's degrees. When setting education requirements for your position, aligning with the industry standard makes it easier to find potential candidates. Application rates indicate that Accounts Receivable Clerk candidates are likely experiencing a market in which applicants have less negotiating power. From an employer perspective, you'll have a greater selection of candidates to choose from and may want to invest in automated screening tools.

Interviewing Candidates

Interview Process

*Self-reported data collected from 10,920 Accounts Receivable Clerks from 1/1/2020 to 6/30/2020, via online employer reviews for companies including Cintas, Change Healthcare, Robert Half, McKesson, Ensemble Health Partners, CVS Health, nThrive, LabCorp, Aramark, and Concentra.

After analyzing post-interview data from Accounts Receivable Clerk candidates in the last 6 months, we see more than 44.7% of the candidates self-reported being hired within 1 to 2 days. Around 87.9% of the candidates for this job reported being hired within 2 weeks. If your process takes longer than 2 weeks in the recent market, you'll likely lose these candidates to other employers. Most of the Accounts Receivable Clerk candidates are expecting a on-site interview, phone call/screening, background check, and group interview. Most employers do not require a written test or problem solving exercises. If you are trying to hire your next Accounts Receivable Clerk quickly, consider simplifying and streamlining the hiring process. As for the interview experience, more than 65.5% of the candidates had a good or great interview experience, and more than 42% of the candidates thought that the interview leaned more towards easy.

Example Interview Questions

  • What do you know about our business?
  • What are your strengths?
  • List the names of several references that we can contact.
  • Are you willing to work overtime?

Final Review and Offer

Reference Check

Checking references is a quick and easy way to check for any red flags that didn’t arise to this point in the hiring process. Great insights can be provided by former colleagues and employers.

Crafting an Offer: Salary and Benefits

The average Accounts Receivable Clerk salary offered by employers increased for 2 out of 6 consecutive quarters in the United States. In the last quarter, we see a increase of 1% from $45,753.57 to $46,109.79 compared to the quarter before, which is on par with the past 6 quarters. For Accounts Receivable Clerk positions, the most common benefits job seekers reported being offered by employers include: healthcare insurance by 83.2%, paid time off by 78.4%, dental insurance by 75.6%, vision insurance by 68.0%, a 401k plan by 66.4%, discounts by 26.8%, and stock options/grants by 11.6%. While still relatively rare, more and more employers now offer flexibility benefits, including paternity leave, sabbaticals, fully remote, flexible working hours, somewhat remote, location variety, maternity leave, and mostly remote, to attract and retain Accounts Receivable Clerk candidates to their organization.

Background Check and Drug Test

According to self-reported job seeker feedback, 34.0% of the employers conducted a background check, and 22.7% of the employers conducted a drug test prior to the hiring of their Accounts Receivable Clerk candidates.

Onboarding

When you’re ready to hire an Accounts Receivable Clerk, SimplyHired is here to help with your next steps. Our Human Resources Information System (HRIS) provides onboarding tools and other essential HR tools. From document signing to time off tracking, our HRIS will help you seamlessly move an Accounts Receivable Clerk candidate through the hiring and onboarding process.

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