Factoring Operations Specialist
$50K - $65K/yr
This position reports to the Factoring Operations Specialist, Team Lead. What You'll Do * Work closely with fellow Factoring Operations Specialists to process daily WRF client cash receipts ...
$50K - $65K/yr
This position reports to the Factoring Operations Specialist, Team Lead. What You'll Do * Work closely with fellow Factoring Operations Specialists to process daily WRF client cash receipts ...
$50K - $65K/yr
This position reports to the Factoring Operations Specialist, Team Lead. What You'll Do * Work closely with fellow Factoring Operations Specialists to process daily WRF client cash receipts ...
Chicago, IL · On-site
$50K - $65K/yr
This position reports to the Factoring Operations Specialist, Team Lead. What You'll Do * Work closely with fellow Factoring Operations Specialists to process daily WRF client cash receipts ...
Chicago, IL · On-site
$50K - $65K/yr
This position reports to the Factoring Operations Specialist, Team Lead. What You'll Do * Work closely with fellow Factoring Operations Specialists to process daily WRF client cash receipts ...
Chicago, IL · On-site
$18 - $19/hr
Analyze factoring applications and credit quality for all new clients * Recommend proposed pricing and structure * Communicate with inside sales team after reviewing new client applications and ...
Chicago, IL · On-site
$18 - $19/hr
Analyze factoring applications and credit quality for all new clients * Recommend proposed pricing and structure * Communicate with inside sales team after reviewing new client applications and ...
Chicago, IL · On-site
$18 - $20/hr
Welcome to Love's: The Account Representative will act as the primary point of contact for Love's factoring clients. This position will be responsible for processing collateral and preparing daily ...
Chicago, IL · On-site
$18 - $20/hr
Welcome to Love's: The Account Representative will act as the primary point of contact for Love's factoring clients. This position will be responsible for processing collateral and preparing daily ...
Chicago, IL · On-site
$18 - $19/hr
Analyze factoring applications and credit quality for all new clients * Recommend proposed pricing and structure * Communicate with inside sales team after reviewing new client applications and ...
Chicago, IL · On-site
$18 - $19/hr
Analyze factoring applications and credit quality for all new clients * Recommend proposed pricing and structure * Communicate with inside sales team after reviewing new client applications and ...
Chicago, IL · On-site
$18 - $20/hr
Welcome to Love's: The Account Representative will act as the primary point of contact for Love's factoring clients. This position will be responsible for processing collateral and preparing daily ...
Chicago, IL · On-site
$18 - $20/hr
Welcome to Love's: The Account Representative will act as the primary point of contact for Love's factoring clients. This position will be responsible for processing collateral and preparing daily ...
Chicago, IL · On-site
$18 - $20/hr
Welcome to Love's: The Account Representative will act as the primary point of contact for Love's factoring clients. This position will be responsible for processing collateral and preparing daily ...
Chicago, IL · On-site
$18 - $20/hr
Welcome to Love's: The Account Representative will act as the primary point of contact for Love's factoring clients. This position will be responsible for processing collateral and preparing daily ...
Chicago, IL · On-site
$18 - $19/hr
Analyze factoring applications and credit quality for all new clients * Recommend proposed pricing and structure * Communicate with inside sales team after reviewing new client applications and ...
Chicago, IL · On-site
$18 - $19/hr
Analyze factoring applications and credit quality for all new clients * Recommend proposed pricing and structure * Communicate with inside sales team after reviewing new client applications and ...
Waukegan, IL · On-site
$5.5K - $8.0K/wk
Weekly gross earnings: $5,500 - $8000 * 12% company service fee with factoring included * Owner-operators take 88% of the gross * Onboarding in as little as one day * You may run under our MC ...
Quick apply
Waukegan, IL · On-site
$5.5K - $8.0K/wk
Weekly gross earnings: $5,500 - $8000 * 12% company service fee with factoring included * Owner-operators take 88% of the gross * Onboarding in as little as one day * You may run under our MC ...
Weekly gross earnings: $5,500 - $8000 * 12% company service fee with factoring included * Owner-operators take 88% of the gross * Onboarding in as little as one day * You may run under our MC ...
Quick apply
Weekly gross earnings: $5,500 - $8000 * 12% company service fee with factoring included * Owner-operators take 88% of the gross * Onboarding in as little as one day * You may run under our MC ...
We were also the first factoring company to receive the P3 (Preferred Platinum Provider) endorsement from the Transportation Intermediaries Association. Position Summary: The CSR supports the ...
We were also the first factoring company to receive the P3 (Preferred Platinum Provider) endorsement from the Transportation Intermediaries Association. Position Summary: The CSR supports the ...
We were also the first factoring company to receive the P3 (Preferred Platinum Provider) endorsement from the Transportation Intermediaries Association. Position Summary: The CSR supports the ...
We were also the first factoring company to receive the P3 (Preferred Platinum Provider) endorsement from the Transportation Intermediaries Association. Position Summary: The CSR supports the ...
We were also the first factoring company to receive the P3 (Preferred Platinum Provider) endorsement from the Transportation Intermediaries Association. Position Summary: Manage client relationships ...
We were also the first factoring company to receive the P3 (Preferred Platinum Provider) endorsement from the Transportation Intermediaries Association. Position Summary: Manage client relationships ...
We were also the first factoring company to receive the P3 (Preferred Platinum Provider) endorsement from the Transportation Intermediaries Association. Position Summary: Manage client relationships ...
We were also the first factoring company to receive the P3 (Preferred Platinum Provider) endorsement from the Transportation Intermediaries Association. Position Summary: Manage client relationships ...
Be Seen First
Chicago, IL · Remote
$4.0K - $10K/mo
Our AI-integrated TMS, vetted carrier network, in-house factoring, and compliance infrastructure mean you're never bogged down in back-office work. You sell and serve; we support and scale. And we're ...
Quick apply
Be Seen First
Chicago, IL · Remote
$4.0K - $10K/mo
Our AI-integrated TMS, vetted carrier network, in-house factoring, and compliance infrastructure mean you're never bogged down in back-office work. You sell and serve; we support and scale. And we're ...
Arlington Heights, IL · On-site
$6.0K - $8.0K/wk
Only 10% company charge, take home 90% of the gross * No factoring fees * No forced dispatch * OTR loads - 48 states * Consistent freight, competitive rates * 24/7 safety & ELD support * Bi-weekly ...
Arlington Heights, IL · On-site
$6.0K - $8.0K/wk
Only 10% company charge, take home 90% of the gross * No factoring fees * No forced dispatch * OTR loads - 48 states * Consistent freight, competitive rates * 24/7 safety & ELD support * Bi-weekly ...
Evanston, IL · On-site
$6.0K - $8.0K/wk
Only 10% company charge, take home 90% of the gross * No factoring fees * No forced dispatch * OTR loads - 48 states * Consistent freight, competitive rates * 24/7 safety & ELD support * Bi-weekly ...
Evanston, IL · On-site
$6.0K - $8.0K/wk
Only 10% company charge, take home 90% of the gross * No factoring fees * No forced dispatch * OTR loads - 48 states * Consistent freight, competitive rates * 24/7 safety & ELD support * Bi-weekly ...
Schaumburg, IL · Remote
$18 - $40/hr
Ability to explain factoring techniques, completing the square, quadratic formula applications, and graphing functions while preparing students for algebraic reasoning and problem-solving in ...
Schaumburg, IL · Remote
$18 - $40/hr
Ability to explain factoring techniques, completing the square, quadratic formula applications, and graphing functions while preparing students for algebraic reasoning and problem-solving in ...
Highland Park, IL · Remote
$18 - $40/hr
Ability to explain factoring techniques, completing the square, quadratic formula applications, and graphing functions while preparing students for algebraic reasoning and problem-solving in ...
Highland Park, IL · Remote
$18 - $40/hr
Ability to explain factoring techniques, completing the square, quadratic formula applications, and graphing functions while preparing students for algebraic reasoning and problem-solving in ...
Oak Lawn, IL · Remote
$18 - $40/hr
Ability to explain factoring techniques, completing the square, quadratic formula applications, and graphing functions while preparing students for algebraic reasoning and problem-solving in ...
Oak Lawn, IL · Remote
$18 - $40/hr
Ability to explain factoring techniques, completing the square, quadratic formula applications, and graphing functions while preparing students for algebraic reasoning and problem-solving in ...
$19.6K - $28.4K
0% of jobs
$28.4K - $37.2K
0% of jobs
$37.2K - $46K
1% of jobs
$46K - $54.8K
6% of jobs
$63.3K is the 25th percentile. Wages below this are outliers.
$54.8K - $63.6K
18% of jobs
$63.6K - $72.4K
22% of jobs
The median wage is $73.3K / yr.
$72.4K - $81.2K
21% of jobs
$84.4K is the 75th percentile. Wages above this are outliers.
$81.2K - $90K
16% of jobs
$90K - $98.8K
4% of jobs
$98.8K - $107.6K
4% of jobs
$107.6K - $116.4K
6% of jobs
$19.6K
$79.6K
$116.4K
Factoring companies buy invoices and accounts receivable from other businesses and then undertake the collection process. They often pay only a fraction of the value of an invoice, as companies are often willing to sell at a loss to maintain cash flow and finance strategic business initiatives. Factoring companies are active in a variety of industries, and a corporation can benefit from factoring for several reasons. For example, staffing companies sometimes use factoring to remain solvent while awaiting payment from their clients, while tech companies may use it to generate funding while a project is in development.
| Aspect | Factoring | Accounts Receivable Specialist |
|---|---|---|
| Primary Role | Purchasing receivables from businesses to provide immediate cash | Managing and collecting outstanding customer invoices |
| Credentials | No specific certifications required, but financial knowledge helps | Accounting or finance certifications often preferred |
| Work Environment | Financial institutions, factoring companies | Corporate finance, accounting departments |
| Industry Usage | Finance, lending, factoring services | Business, finance, accounting sectors |
Factoring involves purchasing receivables to improve cash flow, while Accounts Receivable Specialists focus on managing and collecting invoices. Both roles are essential in financial operations but serve different functions within the cash flow management process.
The most popular types of Factoring jobs in Chicago, IL are:
For Factoring jobs in Chicago, IL, the most frequently searched job titles are:
The top searched job categories for Factoring jobs in Chicago, IL are:

$50K - $65K/yr
Full-time
Medical, Dental, Vision, Life, Retirement
Posted 15 days ago
8.0
Based on 20 frontline employees who took The Breakroom Quiz
72nd of 171 rated banks
Wintrust provides community and commercial banking, specialty finance and wealth management services through its 16 bank charters and nine non-bank businesses. Wintrust delivers the sophisticated solutions of a large bank while staying true to the relationship-focused, personalized service of our community banking roots. We serve clients in all 50 states with more than 200 branch banking locations in Illinois, southwestern Florida, northwestern Indiana, west Michigan and southern Wisconsin and commercial banking offices in Chicago, Denver, Milwaukee, Grand Rapids, Mich., and in key branch banking locations throughout Illinois. Our people are the heart of our business and we are proud to rank consistently as a top place to work. Wintrust is a $66 billion financial institution based in Rosemont, Illinois, and listed on the NASDAQ Global Select Market under the symbol "WTFC."
Why join us?
An award-winning culture! We are rated a Top Workplace by the Chicago Tribune (past 12 years) and Employee Recommended award by the Globe & Mail (past 6 years)
Competitive pay and annual discretionary bonus eligible
Comprehensive benefit package including medical, dental, vision, life, a 401k plan with a generous company match and tuition reimbursement to name a few
Family-friendly work hours
Promote from within culture
The Wintrust Receivables Finance Factoring Operations Specialist works closely with their fellow operations team members to manage all daily cash applications and related responsibilities for the entire WRF client portfolio. This position reports to the Factoring Operations Specialist, Team Lead.
What You'll Do
Work closely with fellow Factoring Operations Specialists to process daily WRF client cash receipts accurately and efficiently in accordance with established turn-around times
Follow established WRF operations policies and procedures for all facets of the Operation Specialist job functions
Escalate payment posting issues and/or client questions to applicable WRF client lead and/or team lead in a timely manner for a prompt resolution
Serve as the primary operations contact for assigned clients
Maintain an effective line of communication with the applicable operations client lead, team lead, and portfolio manager to alert of any payment issues, irregularities or unusual trends observed in performing routine job duties
Maintain a professional and courteous manner with all WRF clients including assisting clients by answering questions and resolving problems promptly
Ensure incoming client emails are put into the correct processing queue and client information is saved properly on the server
Adhere to Bank compliance policies and procedures
Performing all other duties as required
Qualifications
Associate's degree in accounting or related field; Bachelor's degree a plus
Up to 5 years of Factoring, Banking and/or Asset Based Lending operations experience
Must be detail focused and well organized with the ability to multi-task
Strong interpersonal and customer relation skills required for working with clients and department personnel
Proactive and confident communication skills (both verbal and written) to interact with WRF portfolio and operations colleagues, WRF clients and senior management
Ability to work closely with fellow Operations team members
Strong knowledge of Microsoft Operations applications (specifically MS Excel) with ability to pick up new systems quickly
Benefits
Medical Insurance Dental Vision Life insurance Accidental death and dismemberment Short-term and long-term Disability Insurance Parental Leave Employee Assistance Program (EAP) Traditional and Roth 401(k) with company match Flexible Spending Account (FSA) Employee Stock Purchase Plan at 5% discount Critical Illness Insurance Accident Insurance Transportation and Commuting Benefits Banking Benefits Pet Insurance
Compensation
The estimated salary range for this role is $50,000-$65,000, along with eligibility to earn an annual bonus. Actual salaries may vary based on several factors, such as a candidate's qualifications, skills, and experience.
#LI-AC1
From our first day in business, Wintrust has been proud to serve a variety of unique communities and people from all walks of life. To build a company that reflects the communities we serve, we believe that fostering a unique and inclusive workplace where everyone feels valued and empowered to succeed will support our ongoing success. Wintrust Financial Corporation, including community banking and financial services subsidiaries, is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, national origin, disability, veteran status, genetic information, and other legally protected categories.
Sourced by ZipRecruiter
Finance and insurance
5,001 - 10,000 Employees
Rosemont, IL, US
1992