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Lockbox Operations Jobs in Chicago, IL (NOW HIRING)

Zekelman

Cash Application Specialist

Chicago, IL · On-site

$20.25 - $25.25/hr

... operations. This position requires strong analytical skills, attention to detail, and excellent ... Apply lockbox and wire remittances daily to ensure accurate and timely customer payment processing.

Old National Bank

ABL Collateral Analyst II

Chicago, IL · On-site

$62K - $122K/yr

Work with Credit and Operations Manager to ensure proper documentation of loans as well as ... and lockbox accounts; monitor DDA's for suspicious or overdraft activity. * Participate in all ...

Old National Bank

ABL Collateral Analyst II

Chicago, IL

$62K - $122K/yr

... operational units, participation settlements with Agents, follow up and resolution of past due ... lockbox accounts; monitor DDA's for suspicious or overdraft activity. • Participate in all ...

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Showing results 1-20

All JobsLockbox Operations JobsLockbox Operations Jobs in Chicago, IL

Lockbox Operations information

See Chicago, IL salary details

$102.5K

$149.2K

$198.8K

How much do lockbox operations jobs pay per year?

As of Jul 14, 2026, the average yearly pay for lockbox operations in Chicago, IL is $149,155.00, according to ZipRecruiter salary data. Most workers in this role earn between $109,200.00 and $197,800.00 per year, depending on experience, location, and employer.

What is the difference between Lockbox Operations vs Cash Processing Clerk?

AspectLockbox OperationsCash Processing Clerk
CredentialsBanking certifications, familiarity with banking softwareBasic financial or clerical experience, sometimes banking knowledge
Work EnvironmentBank branches, processing centers, financial institutionsBank branches, back-office financial departments
Industry UsageFinancial services, bankingBanking, retail banking, financial institutions
Job FocusProcessing incoming payments via mailed checks, electronic paymentsHandling cash, verifying deposits, data entry

Lockbox Operations primarily involves managing incoming payments received through mail or electronic means, focusing on processing and depositing funds efficiently. Cash Processing Clerks handle cash transactions, verify deposits, and perform data entry tasks. While both roles support banking operations, Lockbox Operations emphasizes payment processing, whereas Cash Processing Clerks focus on cash handling and verification.

What are some common challenges faced in Lockbox Operations, and how are they typically addressed?

In Lockbox Operations, a frequent challenge is managing large volumes of payments while ensuring accuracy and meeting strict processing deadlines. Errors in data entry or delays can impact client satisfaction and financial reporting. Teams typically address these challenges by using advanced automated systems, following standardized procedures, and conducting regular quality checks. Collaboration with IT and client service teams is also essential to quickly resolve technical issues or exceptions and maintain a high level of service.

What are the key skills and qualifications needed to thrive in Lockbox Operations, and why are they important?

To excel in Lockbox Operations, you need strong attention to detail, analytical abilities, and a background in finance or accounting, often supported by a high school diploma or associate degree. Familiarity with lockbox processing systems, banking software, and document imaging tools is essential. Excellent organizational skills, reliability, and effective communication help individuals stand out in this role. These competencies ensure accurate processing of financial transactions, minimize errors, and support efficient workflow in high-volume banking environments.

What is Lockbox Operations?

Lockbox Operations refers to a service provided by banks where they receive, process, and deposit payments on behalf of businesses. These operations involve collecting mail payments sent to a secure P.O. box, opening and scanning checks, and posting payment information to the appropriate accounts. This helps companies speed up the processing of incoming payments, reduce in-house processing costs, and improve cash flow management. Lockbox Operations staff ensure that payments are processed accurately and securely, and may also handle remittance documents and provide daily transaction reports to clients.
Lockbox Operations jobs near you
Infographic showing various Lockbox Operations job openings in Chicago, IL as of July 2026, with employment types broken down into 10% Internship, 38% As Needed, 19% Full Time, 3% Part Time, 28% Nights, and 2% Summer. Highlights an 88% Physical, 4% Hybrid, and 8% Remote job distribution, with an average salary of $149,155 per year, or $71.7 per hour.

Cash Application Specialist

Zekelman

Chicago, IL • On-site

$20.25 - $25.25/hr

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 17 days ago

Job description

You may not know our name, but you know our products. What we make is part the places where we live, work and play - all day, everyday.

Zekelman is a family of companies - 100% domestic manufacturers - with a legacy dating back to 1877. We're proud to be the largest independent steel pipe and tube manufacturer in North America and the leading innovator in multi-family housing development.

We believe in what we build and what we build, builds the world around us. Hospitals, hotels, schools, bridges, airports and more.

Come build a career you believe in.

About the Role

As a Cash Application Specialist at Zekelman Industries, you will play a key role in ensuring accurate and timely application of customer payments while supporting efficient accounts receivable operations. This position requires strong analytical skills, attention to detail, and excellent organizational abilities, offering the opportunity to contribute directly to financial accuracy, customer satisfaction, and operational efficiency.

You will collaborate with the Finance, Accounts Receivable, and Banking teams to ensure customer payments, reconciliations, and financial records are processed accurately and in accordance with company policies. This is a full-time, onsite role located in Chicago, IL.

This role is perfect for someone who thrives in a fast-paced, high-volume environment, enjoys problem-solving, and takes pride in accuracy and process improvement.

What You'll Do

  • Apply lockbox and wire remittances daily to ensure accurate and timely customer payment processing.

  • Research unapplied cash transactions and customer payment histories to resolve discrepancies.

  • Prepare and upload ACH payment files while maintaining accurate customer ACH information.

  • Perform accounts receivable activities related to cash application and payment processing.

  • Reconcile and maintain banking deposit logs while importing data into the company's deposit reconciliation system.

  • Generate deposit log analyses and financial reports to support business needs.

  • Maintain required documentation and approvals to ensure compliance with company policies and procedures.

  • Support continuous improvement initiatives that enhance cash application accuracy and efficiency.

  • Lead and promote healthy and safe work practices as required by regulatory agencies and Company policy.

  • Perform other duties as assigned.

Who You Are

  • 3-5 years of experience in cash application, accounts receivable, or a related accounting role.

  • Experience working within an SAP environment preferred.

  • Associate's or Bachelor's degree in Accounting, Finance, Business, or a related field preferred, or equivalent work experience.

  • Strong analytical, mathematical, and problem-solving skills.

  • Excellent organizational skills with exceptional attention to detail.

  • Strong written and verbal communication skills.

  • Advanced proficiency in Microsoft Excel and Microsoft Office applications.

  • Ability to prioritize multiple tasks and meet deadlines in a fast-paced environment.

  • Ability to work independently while collaborating effectively across departments.

What You'll Get

Zekelman Industries offers competitive compensation and excellent benefits, including low-cost, high-quality medical and dental benefits. In addition, we have an amazing tuition assistance program, a bonus plan, a 401(k) plan with a generous company match, loyalty awards, and much more:

  • Competitive Compensation

  • Bonus Plan & Profit-Sharing Opportunities

  • 401(k) with Company Match

  • Comprehensive Health, Dental & Vision Insurance

  • Tuition Assistance Program

  • Paid Vacation & Holidays

Zekelman Industries offers competitive compensation and excellent benefits, including low-cost, high-quality medical and dental benefits.In addition, we have an amazing tuition assistance program, a bonus plan, a 401(k) plan with a generous company match, immediate vesting, and much more.

M/F/D/V

We are Zekelman Industries.

We manufacture superior quality tubular and related products, and provide outstanding service for our valued customers.

We seek to continuously advance the skills and opportunities of our employees, utilizing the latest technology and management tools available to consistently increase profitability and the enterprise value of Zekelman Industries and of our customers.

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