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Payment Processing Associate Jobs in Chicago, IL

Robert Half

AR specialist

Elmhurst, IL · On-site

$54K - $55K/yr

Process check payments and support electronic fund transfers in coordination with banking activity ... Associate's degree a plus * Some experience in accounts receivable, cash application, or general ...

Ascension

Sterile Processing Tech

Elk Grove Village, IL · On-site

$19.58 - $26.09/hr

We empower our 97,000+ associates to bring their skills and expertise every day to reimagining ... Ascension will never ask for payment or to provide banking or financial information as part of the ...

Hitachi

Accounts Receivable Analyst

Chicago, IL · Hybrid

$24.75 - $31.50/hr

Permanent Summary The accounts receivable analyst is responsible for customer payment processing ... Associates degree in accounting preferred Professional experience * Two-three years previous ...

TekSky

Procurement Specialist

Chicago, IL · On-site

... payment processing. • Placing credit card orders and/or coordinating check payments with ... Experience: • Ideally the candidate would have an Associate's or Bachelor's degree, although this ...

Levata

Accounts Receivable Specialist

Chicago, IL · On-site

$45K - $55K/yr

Process virtual credit card payments and refunds efficiently What You'll Need * Associate's / Bachelor's degree preferred * 2+ years of experience in an accounting role * Detail oriented * Strong ...

Levata

Accounts Receivable Specialist

Chicago, IL · On-site

$45K - $55K/yr

Process virtual credit card payments and refunds efficiently What You'll Need * Associate's / Bachelor's degree preferred * 2+ years of experience in an accounting role * Detail oriented * Strong ...

Levata

Accounts Receivable Specialist

Chicago, IL · On-site

Process virtual credit card payments and refunds efficiently What You'll Need * Associate's / Bachelor's degree preferred * 2+ years of experience in an accounting role * Detail oriented * Strong ...

JLL

Senior Associate Accountant II

Westmont, IL

Join JLL's Client Accounting Services team as a Senior Associate Accountant II, where you'll serve ... Oversee critical property-level cash management processes, including bank reconciliations, payment ...

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Payment Processing Associate information

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How much do payment processing associate jobs pay per hour?

As of Aug 17, 2026, the average hourly pay for payment processing associate in Chicago, IL is $18.84, according to ZipRecruiter salary data. Most workers in this role earn between $12.88 and $21.30 per hour, depending on experience, location, and employer.

What are some common challenges faced by payment processing associates, and how can they be effectively managed?

Payment Processing Associates often encounter challenges such as handling high transaction volumes, meeting strict accuracy standards, and navigating tight deadlines. To manage these, it's important to develop strong organizational skills and attention to detail, as even small errors can have significant financial impacts. Regular communication with team members and other departments, such as finance or customer service, can help resolve discrepancies quickly and ensure smooth workflow. Familiarity with payment processing software and a proactive approach to learning about regulatory compliance are also key to success in this role.

What is the difference between Payment Processing Associate vs Customer Service Representative?

AspectPayment Processing AssociateCustomer Service Representative
Required CredentialsHigh school diploma, basic financial or payment system knowledgeHigh school diploma, communication skills
Work EnvironmentFinance or payment processing departments, office settingCustomer support centers, call centers, office settings
Employer & Industry UsageFinancial institutions, payment companies, e-commerceRetail, telecom, service industries
Common Search & ComparisonFocuses on payment transactions, processing systemsFocuses on customer interactions, issue resolution

The Payment Processing Associate primarily handles payment transactions and ensures smooth processing within financial or e-commerce environments. In contrast, Customer Service Representatives focus on assisting customers with inquiries and resolving issues. While both roles require strong communication skills, Payment Processing Associates need knowledge of payment systems, making their roles more specialized in financial operations.

What does a payment processing associate do?

A Payment Processing Associate is responsible for managing and processing financial transactions, such as payments, invoices, and refunds, within a company. They ensure that all payments are accurately recorded, processed in a timely manner, and comply with internal policies and external regulations. Their duties may also include reconciling accounts, communicating with clients or vendors regarding payments, and resolving any payment discrepancies. This role is essential for maintaining the financial integrity and smooth operation of an organization's payment systems.

What are the key skills and qualifications needed to thrive as a payment processing associate, and why are they important?

To thrive as a Payment Processing Associate, you need strong attention to detail, numerical accuracy, and a solid understanding of financial transactions, often supported by a degree in finance, accounting, or related experience. Familiarity with payment processing software, ERP systems, and compliance protocols such as PCI DSS is typically required. Excellent organizational skills, problem-solving abilities, and effective communication help you manage high transaction volumes and resolve discrepancies efficiently. These skills ensure timely, error-free processing and compliance, which are critical for maintaining trust and operational integrity in financial operations.

What are the most commonly searched types of Payment Processing jobs in Chicago, IL?

The most popular types of Payment Processing jobs in Chicago, IL are:

What cities near Chicago, IL are hiring for Payment Processing Associate jobs?

Cities near Chicago, IL with the most Payment Processing Associate job openings:

Payment Processing Associate jobs near you

Loan Operations and Treasury/Finance Associate

Lafayette Square

Chicago, IL • On-site

$65K - $85K/yr

Full-time

Re-posted 4 days ago

Job description

Loan Operations and Treasury/Finance Associate
Reports to: Head of Loan Operations
Lafayette Square
Lafayette Square is a private credit firm lending capital to growing middle market companies in working-class places. The firm is driven by four key differentiators: a focus on non-sponsored deals, enhanced managerial assistance through its affiliated Worker Solutions® platform, a technology-first data-driven investment strategy through Potomac X Lafayette Square™, and institutional partnerships. Lafayette Square's thesis holds that working-class people and places are ignored by private credit, creating an attractive investment opportunity subject to conservative underwriting, enhanced managerial assistance, and technology. Lafayette Square aims to support 100,000 working-class jobs, invest 50% of capital in working-class places, and curate benefits for 50% of its portfolio by 2030.
Job Summary
The team is seeking a Loan & Treasury Operations Associate to support the loan operations, treasury and asset and liabilities teams as part of our Credit platform. The Associate must be detail-oriented, motivated and willing to ask questions to learn and grow in a start-up environment. The ideal candidate has a positive attitude and strong numerical aptitude, highly motivated to learn and grow within a fast-paced, deadline-driven organization. To be qualified, you must also have a strong accounting background, with excellent interpersonal skills to interact with internal and external customers.
Responsibilities
  • Day to day loan accounting, including time-sensitive new loan fundings, loan re-pricings, payment processing and all other loan activities in accordance with loan and security agreements
  • Daily cash reconciliations and cash liaison within the construct of an external custodian and fund administrator environment
  • Work closely with capital markets and liabilities teams on proper deal structuring
  • Assist in the development of term sheets and negotiation of leverage facilities
  • Work within the teams of Ops, Liabilities, Accounting, Treasury and Portfolio Management to ensure accuracy of cash reporting and loan accounting for our borrowers and investors
  • Preparation of monthly invoices to borrowers and lenders and insuring prompt receipt and disbursement of cash from multiple cash accounts
  • Calculation and tracking of complex interest and fee accruals at various rate levels across changing lender distributions for both assets and liabilities across multiple funds and leverage facilities
  • Perform book, bill and collect or pay functions using Wall Street Office (S&P Global) investment accounting software to ensure we receive payments in accordance with legal documentation and pay liabilities from appropriate business entities
  • Maintain and provide accurate data and report to multiple departments internally and externally as it relates to loan and cash accounting
  • Work closely with internal and external fund accountants to ensure assets, liabilities and cash accounting are reported timely to ensure smooth monthly & quarterly closes
  • Monitor and report on cash flow forecasting for both assets and liabilities
  • Perform scenario and risk analysis across exposures
  • Accounts payable duties for credit Platform including working closely with Finance team to ensure timely payment of expenses and reconcile those expenses between reimbursable by Borrower and expenses allocated to specific funds
  • Fulfilling requests of external auditors and providing accurate information for external reporting purposes

Requirements
  • Experience: 2 to 4 years in loan operations in financial services or banking industry. Ability to wear multiple hats as is expected in a rapidly growing firm
  • Self-motivated and willing to work across business units
  • Excellent credit risk and risk assessment skills
  • Knowledge of fund accounting and cash management
  • Being a Team Player with a positive attitude
  • Excellent communication and interpersonal skills
  • Strong attention to detail

Proficiency with Excel, PowerPoint and Microsoft Word, Wall Street Office
Compensation
$65,000 - $85,000
Contact
For more information, please email your resume to: careers@lafayettesquare.com

Apply