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Escrow Operations Manager Jobs in Lockport, IL (NOW HIRING)

Compass

Escrow Specialist

Chicago, IL · On-site

$27 - $30/hr

... Management team and will assume responsibility for multiple processes as related to the end-to-end ... You will play a critical role in the day-to-day operations of the company, interacting daily with ...

Compass

Escrow Specialist

Chicago, IL · On-site

$27 - $30/hr

... Management team and will assume responsibility for multiple processes as related to the end-to-end ... You will play a critical role in the day-to-day operations of the company, interacting daily with ...

RSM

Corporate Development Project Manager

Chicago, IL · On-site

Partner strategically with Corporate Development and Operations leadership to execute on deal and ... escrow releases, and earnout milestones, partnering with finance and legal as needed * Own ...

Prairie Management & Development, Inc.

Be Seen First

Senior Property Accountant

Chicago, IL · On-site

$70K - $97K/yr

Position Summary The Senior Property Accountant will oversee and manage all accounting functions ... Maintaining escrow accounts, including mortgage, reserve, and insurance accounts, as well as ...

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All JobsEscrow Operations JobsEscrow Operations Manager JobsEscrow Operations Manager Jobs in Lockport, IL

Escrow Operations Manager information

See Lockport, IL salary details

$43.6K

$86.4K

$123.4K

How much do escrow operations manager jobs pay per year?

As of Aug 2, 2026, the average yearly pay for escrow operations manager in Lockport, IL is $86,373.00, according to ZipRecruiter salary data. Most workers in this role earn between $66,200.00 and $103,800.00 per year, depending on experience, location, and employer.

What is the difference between Escrow Operations Manager vs Escrow Officer?

AspectEscrow Operations ManagerEscrow Officer
CredentialsTypically requires experience in escrow processes, industry certifications, and sometimes managerial trainingRequires real estate or escrow licensing, and industry-specific certifications
Work EnvironmentOversees escrow departments, manages staff, and ensures complianceHandles individual escrow transactions, interacts directly with clients and agents
Employer & Industry UsageUsed in banks, title companies, and escrow firms for managerial rolesCommonly employed in title companies and escrow firms for transaction handling

The main difference is that an Escrow Operations Manager oversees the entire escrow department and manages staff, while an Escrow Officer handles specific escrow transactions directly with clients. The manager focuses on operations and compliance, whereas the officer focuses on transaction execution.

What are Escrow Operations Managers?

Escrow Operations Managers are professionals who oversee the day-to-day functions of escrow departments, ensuring that all real estate or financial transactions are processed accurately and in compliance with regulations. They manage escrow officers and staff, implement policies and procedures, and resolve any issues that arise during the transaction process. Their responsibilities also include training staff, maintaining client relationships, and ensuring timely closings. This role requires strong organizational, leadership, and communication skills, as well as in-depth knowledge of escrow and real estate practices.

What are the key skills and qualifications needed to thrive as an Escrow Operations Manager, and why are they important?

To thrive as an Escrow Operations Manager, you need strong knowledge of escrow processes, real estate transactions, compliance regulations, and typically a bachelor’s degree in business or a related field. Familiarity with escrow management software, document tracking systems, and regulatory compliance tools is important. Leadership, problem-solving, and effective communication are essential soft skills to manage teams and maintain client relationships. These abilities ensure accurate transaction processing, regulatory adherence, and high service quality in a deadline-driven environment.

What are some common challenges faced by Escrow Operations Managers, and how can they be addressed?

Escrow Operations Managers often encounter challenges such as managing high transaction volumes, ensuring regulatory compliance, and maintaining clear communication between buyers, sellers, and agents. Addressing these issues typically involves implementing efficient workflow systems, staying updated on state and federal regulations, and fostering a collaborative team environment. Strong organizational skills and regular training can also help mitigate errors and streamline operations, ensuring a smooth closing process for all parties involved.
What job categories do people searching Escrow Operations Manager jobs in Lockport, IL look for? The top searched job categories for Escrow Operations Manager jobs in Lockport, IL are:
What cities near Lockport, IL are hiring for Escrow Operations Manager jobs? Cities near Lockport, IL with the most Escrow Operations Manager job openings:
Escrow Operations Manager jobs near you

Escrow Specialist

Compass

Chicago, IL • On-site

$27 - $30/hr

Other

Posted 10 days ago

Compass Real Estate rating

9.3

Company rating: 9.3 out of 10

Based on 7 frontline employees who took The Breakroom Quiz

5th of 200 rated real estate companies

Job description

As an Escrow Specialist, you will be an integral member of our dynamic and growing Transaction Management team and will assume responsibility for multiple processes as related to the end-to-end processing of our real estate transactions. You will play a critical role in the day-to-day operations of the company, interacting daily with agents and collaborating with our Finance and Accounting team..

The primary focus of the position will be to administer the day-to-day aspects of our escrow account, including incoming and outgoing funds, processing intercompany transfers, investigating account discrepancies, processing outgoing third party payments and managing the related customer service aspects. Additional responsibilities may include providing support in commission payment processing, compliance document auditing, and coordinating with the other teams regarding reconciliation of end-of-the month financial reports.

*This position is required to work out of the following Compass offices located in Lincoln Park, one day, every other week, and expected to visit other IL offices occasionally for special events if needed. Compass values in-person connection. While this department is currently working within a hybrid attendance policy, we ask employees to prioritize visiting local offices where they may find value in connecting with their colleagues and customers in person more regularly. You will be expected to comply with your department's schedule, as outlined by your hiring manager. Please note that the department's current policy is subject to change in the future. 

At Compass You Will:

  • Reconcile, allocate, and release escrow and commission payments.
  • Responsible for the daily maintenance of escrow activities, including funds management (incoming and outgoing), resolution of account discrepancies, as well as account reconciliations.
  • Process outgoing 3rd party payments (Pass-Throughs) as per our agents' requests in relation to sales and rental closings.
  • Provide support to agents in response to inquiries regarding 3rd party payments (Pass-Throughs).
  • Request stop payments on agent commission checks and process wire payments when necessary.
  • Collaborate with the accounting team on the account reconciliations as well as the monthly analytics.
  • Assist the Accounting team to research and respond to inquiries impacting the monthly financial statement.
  • Support with the annual financial audit and compliance audit requirements
  • Provide support to Agents in response to inquiries regarding commission payouts, deductions, and commission calculations
  • Perform special projects as assigned
  • Collaborate with the Product & Engineering Team to help us build a better real estate transaction system.

What We Look For:

  • B.A. or B.S. degree preferred
  • 3+ years of experience, in an accounting or payroll function
  • Strong teamwork skills and ability to meet deadlines in a fast-paced environment
  • Excellent written and verbal communication skills
  • Strong written, quantitative, and verbal skills
  • Proficient in Excel and Google Suite
  • Impeccable attention to detail and solid customer service instincts
  • Prior experience in real estate is preferred

Compensation: The base pay range for this position is $27 - $30 per hour; however, base pay offered may vary depending on job-related knowledge, skills, and experience. Bonuses and restricted stock units may be provided as part of the compensation package, in addition to a full range of benefits. Base pay is based on market location. Minimum wage for the position will always be met.

What Compass Real Estate employees say

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