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Lockbox Processing Jobs in Illinois (NOW HIRING)

Old National Bank

ABL Collateral Analyst II

Chicago, IL · On-site

$62K - $122K/yr

... documentation; processing of advances, collections and collateral updates, calculation of ... lockbox accounts; monitor DDA's for suspicious or overdraft activity. • Participate in all ...

PNC Bank

Product Manager II

Chicago, IL · On-site

... lockbox, electronic receivables, and cash application capabilities. This role is ideal for a ... Participates in customer focused quality assessments and improvement processes. Leverages knowledge ...

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Lockbox Processing information

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How much do lockbox processing jobs pay per hour?

As of Jul 5, 2026, the average hourly pay for lockbox processing in Illinois is $17.38, according to ZipRecruiter salary data. Most workers in this role earn between $16.30 and $18.85 per hour, depending on experience, location, and employer.

What is the difference between Lockbox Processing vs Accounts Receivable Clerk?

AspectLockbox ProcessingAccounts Receivable Clerk
Primary RoleProcessing incoming payments and depositsManaging customer accounts and billing
CredentialsBasic accounting knowledge, familiarity with banking proceduresAccounting or finance degree often preferred
Work EnvironmentBanking or finance department, often in office settingsOffice environment, interacting with finance teams and customers
Industry UsageFinancial institutions, corporations with large payment volumesBusinesses managing accounts receivable

Lockbox Processing focuses on handling incoming payments and deposits, often within banking or corporate finance settings. In contrast, Accounts Receivable Clerks manage customer accounts, billing, and collections. While both roles require basic accounting skills, Lockbox Processing emphasizes payment processing, whereas Accounts Receivable Clerks handle account management and reconciliation.

How much does a lockbox processor make?

A lockbox processor typically earns between $30,000 and $45,000 annually, depending on experience, location, and the employer. The role often requires attention to detail and familiarity with banking software or processing systems.

What are some common challenges faced in a Lockbox Processing role, and how can they be managed effectively?

In Lockbox Processing, one of the main challenges is maintaining accuracy and speed while handling large volumes of financial transactions, especially during peak periods. Errors can lead to delays or misapplied payments, so attention to detail and strong organizational skills are vital. Additionally, adapting to frequent changes in client instructions and complying with security protocols can be demanding. Many teams use quality control measures and regular training to help mitigate these challenges, and collaboration with team members ensures smooth workflow and quick resolution of any discrepancies.

What does a lockbox processor do?

A lockbox processor handles incoming payments by processing mailed checks and remittances, recording transactions, and ensuring accurate data entry into financial systems. They often use specialized software and work in secure environments to facilitate efficient cash flow management.

What jobs pay $700 a day?

Lockbox processing jobs typically do not pay $700 a day; they are usually entry-level roles with lower wages. High-paying jobs that can reach $700 daily often include specialized roles such as project managers, certain freelance consultants, or skilled trades, which require experience, certifications, or advanced skills. These positions may involve longer hours or specific industry expertise.

What are the key skills and qualifications needed to thrive as a Lockbox Processing Specialist, and why are they important?

To thrive as a Lockbox Processing Specialist, you need strong attention to detail, data entry accuracy, and a high school diploma or equivalent. Familiarity with lockbox software, scanning equipment, check processing systems, and sometimes knowledge of banking regulations is typically required. Reliability, organizational skills, and the ability to work efficiently under tight deadlines are valuable soft skills in this role. These skills are crucial to ensure accurate and timely processing of financial transactions, minimizing errors and maintaining client trust.

What is lockbox processing?

Lockbox processing is a service provided by banks to help businesses manage incoming payments more efficiently. In this process, customer payments are sent directly to a special post office box (lockbox) accessible by the bank. The bank collects, processes, and deposits these payments on behalf of the business, often scanning checks and remittance documents for electronic access. This service helps companies speed up payment collection, reduce manual handling, and improve cash flow management.

What jobs make $3,000 a month without a degree?

Lockbox processing roles typically do not pay $3,000 a month without experience or specialized skills. However, some entry-level positions in retail management, sales, or certain trades like HVAC or transportation can reach or exceed this income level through experience, certifications, or overtime. Many of these jobs require on-the-job training rather than formal degrees.
What are popular job titles related to Lockbox Processing jobs in Illinois? For Lockbox Processing jobs in Illinois, the most frequently searched job titles are:
What job categories do people searching Lockbox Processing jobs in Illinois look for? The top searched job categories for Lockbox Processing jobs in Illinois are:
What cities in Illinois are hiring for Lockbox Processing jobs? Cities in Illinois with the most Lockbox Processing job openings:
Lockbox Processing jobs near you
Senior Accounts Receivable Coordinator

Senior Accounts Receivable Coordinator

Kilcoy Global Foods

Mundelein, IL • On-site

$56K - $70K/yr

Full-time

Posted 6 days ago

Be an early applicant

Job description

Description:

The Senior Accounts Receivable Coordinator is responsible for entering, classifying, and recording numerical data to keep financial records complete. Performing any combination of routine calculating, posting, and verifying duties to obtain primary financial data for use in maintaining accounting records. Reporting to the accounting supervisor.


Role and Responsibilities

· Accurately apply customer cash receipts, including lockbox deposits, ACH/wire transfers, and credit card

payments within the accounting system.

· Investigate and resolve unapplied cash, unidentified payments, and customer account discrepancies in a

timely manner.

· Generate and distribute customer invoices, credit memos, refunds, and rebills while ensuring accuracy

against purchase orders, contracts, and shipping documentation.

· Manage a portfolio of customer accounts to ensure timely collection of outstanding receivables and

resolution of past due balances.

· Communicate with customers regarding payment status, billing disputes, deductions, and collection

activity through phone, email, and customer portals.

· Establish and maintain positive working relationships with customer accounts payable departments.

· Investigate and resolve customer deductions and short pays by partnering with Sales, Customer Service,

Logistics, and other internal departments.

· Manage deduction disputes and recovery efforts by submitting required supporting documentation to

customers.

· Monitor deduction and collection trends to identify recurring issues and recommend process

improvements.

· Assist with new customer account setup and basic credit review activities as needed.

· Prepare and analyze Accounts Receivable aging reports, delinquency trends, and collection activity

summaries for management review.

· Support internal and external audits by preparing reconciliations, schedules, and supporting

documentation related to accounts receivable transactions.

· Maintain accurate financial records while ensuring compliance with company policies and accounting

procedures.

· Other duties as assigned.


Supervisory Responsibilities: This position has no supervisory responsibilities.

Requirements:

Preferred Qualifications and Education Requirements:

· Bachelor’s degree in Accounting/Finance

· 2+ years experience in general accounting

· Advanced proficiency in Microsoft Excel and Microsoft Office products, including the ability to effectively use Microsoft Teams for communication and collaboration.

· Superior knowledge of financial reporting software tools and ERP software (Syspro)

· Knowledge of Accounts Receivable and Accounts Payable processes

· 4+ years of experience in general accounting


Core Competencies, Knowledge, and Skill Requirements

Candidates should be self-starters with a strong work ethic and the ability to prioritize their workload to ensure timely issue resolution. In addition, this individual should possess the following skills:

· Analytical Thinking: Must be able to identify and define problems, extract key information from data and develop workable solutions for the problems identified to test and verify the cause of the problem. Develop solutions to resolve the problems identified.

· Communication: Effectively conveys information and expresses thoughts and facts. Demonstrates effective use of listening skills and displays openness to other’s ideas and thoughts.

· Economics and Accounting:?Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.

· Mathematics:?Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.

· Organization: Organize and prioritize your own actions efficiently. Be flexible and react favorably to multiple priorities, changing schedules and daily assignments while paying attention to detail.


Work Environment and Physical Requirements

The work environment is a general office setting. This position requires the team member to:

· Frequently required to sit for an extended period of time

· Use hands to finger, handle, or feel, and talk or hear.

· Specific vision abilities required include close vision, distance, vision, color vision and ability to adjust focus.

· Occasionally lift and/or move up to 25 pounds.

· The noise level in the work environment is usually moderate but can be loud when in the production area.


Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential functions of the position. To perform this job successfully, an individual must be able to perform each essential job duty satisfactorily. Reasonable accommodation may be made to enable qualified individuals with disabilities to perform essential job functions.


The salary range for this position is $56,000 – $70,000 annually. This range reflects our good faith estimate at the time of posting. Depending on experience and qualifications, we may offer compensation above this range.


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