Accounts Receivable Specialist Jobs in Minneapolis, MN
About Accounts Receivable Specialist Jobs in Minneapolis
Looking for a Accounts Receivable Specialist job in Minneapolis? You're in the right place. This guide covers everything you need to know about working as a Accounts Receivable Specialist in Minneapolis, MN.
We'll show you what you can expect to earn. We'll also share which companies are hiring. Plus, you'll learn about the cost of living and how to get started in your job search.
Minneapolis has a strong job market for Accounts Receivable Specialists. Many employers are actively looking for talent. Read on to learn how to land your next role.
Accounts Receivable Specialist Salary in Minneapolis
Accounts Receivable Specialist salaries in Minneapolis are in line with national averages, offering competitive compensation for the region.
Purchasing power in Minneapolis is comparable to the national average, with salaries appropriately scaled to local costs.
Required Skills
Accounts Receivable Specialist Job Market in Minneapolis
Minneapolis, MN is a major regional employment hub for Accounts Receivable Specialist professionals. Though smaller than coastal metros, Minneapolis offers focused opportunities and often better work-life balance. The city's strong Healthcare and Finance sectors create robust demand for Accounts Receivable Specialist talent. The market for Accounts Receivable Specialist positions remains stable, with opportunities in both established companies and growing organizations.
Top Companies Hiring Accounts Receivable Specialists in Minneapolis
Major employers hiring Accounts Receivable Specialists in Minneapolis include US Bancorp, Ameriprise, Piper Sandler, RBC Wealth Management. The strong financial services presence creates consistent demand for experienced Accounts Receivable Specialist professionals, with competitive compensation packages. Many companies offer competitive benefits including comprehensive healthcare, and professional development opportunities.
Cost of Living for Accounts Receivable Specialists in Minneapolis
Living in Minneapolis as a Accounts Receivable Specialist means navigating a cost of living that's slightly above the national average. Average rent for a 1-bedroom apartment is approximately $1,600/month. At median Accounts Receivable Specialist salary, rent would consume about 39% of gross income - above the recommended 30% threshold. Consider roommates or suburban options. Suburban apartments average $1,200/month, offering significant savings with slightly longer commutes.
Commuting as a Accounts Receivable Specialist in Minneapolis
Minneapolis Metro light rail, bus system, and excellent bike infrastructure. The average commute time is 24 minutes. Blue Line connects downtown to MSP Airport and Mall of America. Excellent skyway system for winter commuting downtown.
Best neighborhoods for Accounts Receivable Specialists in Minneapolis: Downtown (Central business district with tech companies); Tech Park/Campus (Suburban office park developments). Downtown is particularly popular among Accounts Receivable Specialist professionals due to proximity to major employers and urban amenities.
Tax Considerations in Minnesota
Minnesota has relatively high state income taxes. A Accounts Receivable Specialist earning $48,825 might pay approximately $3,906 in state income tax. However, Minnesota's strong job market and quality of life often offset the higher tax burden.
Career Outlook for Accounts Receivable Specialists
The job outlook for Accounts Receivable Specialists in Minneapolis is stable. While not experiencing rapid growth, the field maintains steady demand with consistent opportunities for qualified professionals. Minneapolis's growing economy creates new positions regularly, often with less competition than coastal tech hubs. In-demand skills include Invoice Processing, Collections, Reconciliation, ERP Systems.
Relocating to Minneapolis
Minnesota has higher state income taxes. Factor this into salary negotiations, as gross salary comparisons can be misleading. Winters can be harsh. Budget for winter clothing, and many employers understand weather-related delays during snow events.
Frequently Asked Questions
What is the average Accounts Receivable Specialist salary in Minneapolis, MN?
The average Accounts Receivable Specialist salary in Minneapolis, MN is $48,825 per year. Entry-level Accounts Receivable Specialists typically start around $33,915, while experienced professionals can earn $66,413 or more. The national average for Accounts Receivable Specialist roles is $46,500.
How many Accounts Receivable Specialist jobs are available in Minneapolis?
Minneapolis has a strong job market with regular openings for Accounts Receivable Specialist professionals. Major employers hiring Accounts Receivable Specialists include US Bancorp, Ameriprise, Piper Sandler, RBC Wealth Management. The Healthcare and Finance sectors drive much of the demand in this market.
Is Minneapolis a good city for Accounts Receivable Specialists?
Minneapolis is an excellent choice for Accounts Receivable Specialists. As a major metro area, it offers abundant opportunities and competitive salaries. The cost of living is reasonable compared to major coastal cities. The city's healthcare industry creates strong demand for finance & accounting professionals.
What skills are most in-demand for Accounts Receivable Specialists in Minneapolis?
Top skills for Accounts Receivable Specialists in Minneapolis include Invoice Processing, Collections, Reconciliation, ERP Systems, Customer Communication. Employers value both technical expertise and soft skills like communication and teamwork.
What is the cost of living for Accounts Receivable Specialists in Minneapolis?
Minneapolis's cost of living is near the national average (105% of baseline). Average rent for a 1-bedroom apartment is approximately $1,600/month. Purchasing power in Minneapolis is comparable to the national average, with salaries appropriately scaled to local costs.
How is the commute for Accounts Receivable Specialists in Minneapolis?
Minneapolis Metro light rail, bus system, and excellent bike infrastructure. The average commute is 24 minutes. Blue Line connects downtown to MSP Airport and Mall of America.
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