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Lockbox Processing Jobs in Chicago, IL (NOW HIRING)

Property Management Corp

Controller

Lemont, IL · On-site

$80K - $85K/yr

Determine and process monthly reserve transfers. * Prepare customized financial reports and ... Establish new association bank accounts and lockbox services. * Maintain bank signature cards and ...

Property Management Corp

Controller

Lemont, IL · On-site

$80K - $85K/yr

Determine and process monthly reserve transfers. * Prepare customized financial reports and ... Establish new association bank accounts and lockbox services. * Maintain bank signature cards and ...

Property Management Corp

Controller

Lemont, IL · On-site

$80K - $85K/yr

Determine and process monthly reserve transfers. * Prepare customized financial reports and ... Establish new association bank accounts and lockbox services. * Maintain bank signature cards and ...

Zekelman

Cash Application Specialist

Chicago, IL · On-site

$20.25 - $25.25/hr

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.

S&C

Lead Business Systems Analyst

Chicago, IL · On-site

$116K - $154K/yr

Define and standardize business processes across IT teams for requirements gathering, technical ... AP Automations, Bank, Lockbox, Tax Engines, Forex Rates etc. * Capability to communicate ...

Paylocity

TEMP TPA Support Specialist I

Schaumburg, IL · On-site

Perform a variety of routine daily electronic banking tasks related to client funds including processing bill payments via lockbox, issuing claim reimbursements/distributions, initiating transfers ...

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 ...

Old National Bank

ABL Collateral Analyst II

Chicago, IL · On-site

$62K - $122K/yr

Prepare and review monthly interest statements; process interest/fee charges for participation ... and lockbox accounts; monitor DDA's for suspicious or overdraft activity. * Participate in all ...

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Showing results 21-40

All JobsLockbox Processing JobsLockbox Processing Jobs in Chicago, IL

Lockbox Processing information

See Chicago, IL salary details

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How much do lockbox processing jobs pay per hour?

As of Aug 9, 2026, the average hourly pay for lockbox processing in Chicago, IL is $18.48, according to ZipRecruiter salary data. Most workers in this role earn between $17.36 and $20.05 per hour, depending on experience, location, and employer.

What does a lockbox processing clerk do?

A lockbox processing clerk handles the receipt and processing of payments sent via lockbox services, which involves opening mail, recording payments, and ensuring accurate data entry into financial systems. They often use specialized software and work in a fast-paced environment to ensure timely processing of transactions.

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.

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 processing do?

A lockbox processing specialist manages the receipt and processing of payments sent via mail, typically for businesses or financial institutions. They open, scan, and record payments, ensuring accurate data entry and timely deposit of funds, often using specialized software and following security protocols.

What are the key skills and qualifications needed to thrive as a lockbox processing specialist?

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 are popular job titles related to Lockbox Processing jobs in Chicago, IL? For Lockbox Processing jobs in Chicago, IL, the most frequently searched job titles are:
What job categories do people searching Lockbox Processing jobs in Chicago, IL look for? The top searched job categories for Lockbox Processing jobs in Chicago, IL are:
Lockbox Processing jobs near you
Infographic showing various Lockbox Processing job openings in Chicago, IL as of August 2026, with employment types broken down into 94% Full Time, and 6% Temporary. Highlights an 94% In-person, and 6% Remote job distribution, with an average salary of $38,440 per year, or $18.5 per hour.

Controller

Property Management Corp

Lemont, IL • On-site

$80K - $85K/yr

Full-time

Medical, Retirement

Posted 11 days ago

Job description

CONTROLLER

POSITION SUMMARY

The Controller is responsible for the overall financial administration of the condominium and homeowner associations. This position provides leadership and oversight for association accounting, treasury management, financial reporting, budgeting, banking, audits, special assessment administration, and regulatory compliance.
The Controller ensures the integrity and accuracy of all financial records, establishes and maintains sound internal controls, coordinates annual audits and tax reporting, and serves as the primary financial resource for management, Boards of Directors, auditors, financial institutions, and regulatory agencies.
This position also provides leadership to the accounting department by developing efficient processes, supporting staff, ensuring continuity of operations through cross-training, and continually improving financial systems and procedures.
KEY RESPONSIBILITIES

Financial Leadership & Oversight

  • Provide leadership and oversight of all association accounting functions.
  • Ensure the accuracy, completeness, and timeliness of financial reporting.
  • Develop, implement, and maintain sound accounting procedures and internal controls.
  • Recommend improvements to accounting systems, workflows, and financial processes.
  • Provide financial guidance and support to company leadership and community association Boards of Directors.
  • Maintain confidentiality of all financial information.
Association Financial Reporting

  • Review and approve monthly financial statements for managed associations.
  • Prepare and post adjusting journal entries.
  • Post assessment charges and ensure assessment accuracy.
  • Determine and process monthly reserve transfers.
  • Prepare customized financial reports and analyses as requested by Boards of Directors and management.
  • Respond to Board member financial inquiries.
Corporate Accounting

  • Manage accounts payable and accounts receivable. 
  • Complete monthly corporate financial statements. 
  • Assist in preparing annual operating budgets. 
  • Reconcile corporate credit card accounts. 
Treasury & Banking Management

  • Monitor Positive Pay banking systems.
  • Establish new association bank accounts and lockbox services.
  • Maintain bank signature cards and authorized signers.
  • Open, monitor, and renew Certificates of Deposit (CDs).
  • Maintain banking records and tracking spreadsheets.
  • Coordinate closure of prior banking relationships during community transitions.
  • Monitor the successful transition of utility accounts and banking services for newly acquired associations.
Audit, Tax & Regulatory Compliance

  • Coordinate annual financial audits and tax return preparation with outside CPA firms.
  • Prepare financial schedules and supporting documentation required for audits.
  • Respond to audit confirmations and questionnaires regarding accounts receivable and accounts payable.
  • Track tax return preparation and filing deadlines.
  • Process EFTPS tax payments as required.
  • Respond to IRS and state tax notices.
  • Coordinate updates to federal and state tax records, including legal address changes.
  • Complete condominium questionnaires involving financial, legal, rental, structural, and special assessment information.
Budgeting & Financial Planning

  • Assist with annual operating budget preparation.
  • Develop reserve funding forecasts.
  • Assist management with long-term financial planning.
  • Prepare financial projections related to capital improvement projects and special assessments.
Special Assessment & Loan Administration

  • Develop owner assessment allocation schedules.
  • Prepare project cost projections.
  • Monitor capital project expenditures compared to approved budgets.
  • Forecast reserve funding requirements.
  • Manage Lines of Credit associated with capital projects.
  • Calculate homeowner payoff amounts.
  • Coordinate quarterly loan principal reductions and loan re-amortizations.
New Association Financial Onboarding

  • Establish accounting records for newly acquired associations.
  • Configure associations within software program, including assessment schedules, charge codes, billing, and late fee structures.
  • Establish associations within closing software program and upload required documentation.
  • Import beginning financial balances.
  • Verify ownership percentages and prepare assessment allocation schedules.
  • Coordinate financial transition activities to ensure a seamless onboarding process.
Supervisory Responsibilities

  • Provide leadership, guidance, and technical support to accounting personnel.
  • Assist with employee training and onboarding.
  • Monitor workload distribution and ensure timely completion of accounting functions.
  • Recommend process improvements and best practices.
  • Foster a collaborative, service-oriented accounting team.
QUALIFICATIONS

  • Bachelor's degree in Accounting, Finance, or related field required.
  • CPA designation preferred but not required.
  • Minimum five years of progressively responsible accounting experience, preferably as a CFO, Controller, or Accounting Manager.
  • Experience with condominium associations, homeowner associations, property management, or real estate accounting strongly preferred.
  • Experience coordinating audits and tax preparation.
  • Experience with Village Management Software (VMS) or similar property management accounting software preferred.
  • Strong knowledge of GAAP and financial reporting.
  • Thorough understanding of banking, treasury management, and internal controls.
  • Excellent analytical, organizational, and problem-solving skills.
  • Advanced Microsoft Excel proficiency.
  • Ability to manage multiple priorities while meeting strict deadlines.
  • Strong written and verbal communication skills.
  • Ability to explain financial information to non-financial audiences.
  • Exceptional attention to detail and accuracy.
  • High level of integrity and professionalism.
  • Ability to remain seated for extended periods while working at a computer.
WHAT WE OFFER

This is an exceptional opportunity to join a stable, successful company with 30 years of consistent leadership and growth. You'll work directly with an experienced owner-operator, gaining unique insights while having the autonomy to lead accounting and make meaningful impact. We value loyalty, innovation, and the kind of deep industry knowledge that comes from working your way up through the ranks.
WORKING CONDITIONS

  • Professional office environment in Lemont, IL.
  • Valid driver's license and reliable transportation required.
  • Ability to travel locally within service area for occasional meetings with banks, board members, or vendors.
COMPENSATION & BENEFITS

  • Health insurance - Employee Funded
  • Paid Holidays
  • 401K program
  • 2 weeks per year (earn as you go)
  • Professional development and continuing education opportunities
  • Opportunity to be part of a stable, family-owned business with strong values