Accounts Receivable Specialist Salary in Chicago, IL

An Accounts Receivable Specialist in Chicago, IL, earns an average yearly salary of $54,431. This role involves managing customer accounts and ensuring timely payments. The salary can vary based on experience and skills. For those with less experience, the salary might start lower. As specialists gain more experience, they can expect higher pay.

The salary range for this position in Chicago spans from $40,700 to $73,000. Here is a breakdown of the salary distribution:

• 13.19% earn between $40,700 and $43,636
• 7.92% earn between $43,636 and $46,573
• 5.28% earn between $46,573 and $49,509
• 10.56% earn between $49,509 and $52,445
• 14.51% earn between $52,445 and $55,382
• 8.58% earn between $55,382 and $58,318
• 11.22% earn between $58,318 and $61,255
• 16.49% earn between $61,255 and $64,191
• 2.64% earn between $64,191 and $67,127
• 3.30% earn between $67,127 and $70,064
• 1.32% earn $70,064 and above

1. Elgin, IL
   Average Salary: $59,774
   In Elgin, an Accounts Receivable Specialist plays a key role in managing financial transactions. Companies like Caterpillar and Snap-on Tools rely on these professionals to ensure smooth financial operations. Elgin offers a mix of corporate and small business opportunities.
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2. Schaumburg, IL
   Average Salary: $53,553
   Schaumburg is home to many large corporations, making it a great place for Accounts Receivable Specialists. Working here, you will handle billing and collections for companies like Motorola Solutions and ADT. The city offers a dynamic work environment with many career growth opportunities.
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3. Des Plaines, IL
   Average Salary: $52,153
   Des Plaines has a strong business community, providing many opportunities for Accounts Receivable Specialists. Companies like Allstate and United Airlines need skilled professionals to manage their financial records. The city's business-friendly atmosphere supports career advancement.
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4. Naperville, IL
   Average Salary: $51,972
   Naperville is known for its thriving business sector, offering numerous roles for Accounts Receivable Specialists. Working here, you will support companies like Naperville Companies and 3M. The city's professional environment encourages skill development and career growth.
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5. Aurora, IL
   Average Salary: $49,767
   Aurora offers a variety of opportunities for Accounts Receivable Specialists. Companies like OSF Healthcare and Caterpillar are always looking for skilled professionals. The city's diverse business landscape provides a range of career paths and growth opportunities.
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6. Skokie, IL
   Average Salary: $47,825
   Skokie is a great place for Accounts Receivable Specialists to work. Companies like Allstate and Jewel-Osco need professionals to manage their finances. The city's supportive business environment helps you build a successful career.
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7. Rockford, IL
   Average Salary: $43,310
   Rockford offers many opportunities for Accounts Receivable Specialists. Working here, you will support companies like Rockford Health System and Andersen Corporation. The city's growing business scene provides a range of career options and growth potential.
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8. Orland Park, IL
   Average Salary: $38,131
   Orland Park is a great place for Accounts Receivable Specialists to find work. Companies like Toyota and United Airlines need professionals to manage their finances. The city's business-friendly environment supports career development and growth.
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1. Hightower Advisors
   Average Salary: $73,150
   Hightower Advisors offers rewarding opportunities for Accounts Receivable Specialists. They focus on financial services and have offices in Chicago. Their team works on managing client accounts and ensuring timely payments.
   

   
   

2. Sidley Austin
   Average Salary: $68,850
   Sidley Austin, a leading law firm, provides excellent roles for Accounts Receivable Specialists. They are located in Chicago and focus on legal services. Specialists here handle invoicing and collections for clients.
   

   
   

3. Creative Financial Staffing
   Average Salary: $61,316
   Creative Financial Staffing offers competitive salaries for Accounts Receivable Specialists. They operate in Chicago and specialize in staffing solutions. Their specialists manage accounts receivable and ensure accurate billing.
   

   
   

4. Crowe LLP
   Average Salary: $58,600
   Crowe LLP, a global accounting firm, provides good opportunities for Accounts Receivable Specialists. They have offices in Chicago and focus on audit and consulting services. Specialists here work on invoicing and payment processing.
   

   
   

5. Union Tank Car Company (UTLX)
   Average Salary: $57,050
   Union Tank Car Company offers solid roles for Accounts Receivable Specialists. They are based in Chicago and specialize in tank car manufacturing. Specialists here manage customer accounts and ensure timely payments.
   

   
   

6. Katten Muchin Rosenman LLP
   Average Salary: $56,667
   Katten Muchin Rosenman LLP, a law firm, offers good positions for Accounts Receivable Specialists. They are in Chicago and focus on legal services. Specialists here handle invoicing and collections for clients.
   

   
   

7. Cassiday Schade LLP
   Average Salary: $56,450
   Cassiday Schade LLP provides rewarding roles for Accounts Receivable Specialists. They are located in Chicago and focus on legal services. Specialists here manage accounts receivable and ensure accurate billing.
   

   
   

8. Cresco Labs
   Average Salary: $55,833
   Cresco Labs offers competitive salaries for Accounts Receivable Specialists. They are in Chicago and specialize in cannabis products. Specialists here handle invoicing and payment processing for clients.
   

   
   

9. Acuet RCM
   Average Salary: $42,000
   Acuet RCM provides roles for Accounts Receivable Specialists. They are based in Chicago and focus on revenue cycle management. Specialists here manage accounts receivable and ensure timely payments.
   

1. Account Executive, Key Accounts
   Average Salary: $140,826
   This role involves managing and growing relationships with key clients. It requires strong communication and negotiation skills. Companies like IBM and Accenture in Chicago offer these opportunities.
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2. Invoicing Specialist
   Average Salary: $137,554
   Invoicing specialists ensure accurate and timely billing. They work closely with sales and customer service teams. Firms such as Boeing and United Airlines in Chicago need these professionals.
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3. Compliance Officer
   Average Salary: $122,703
   Compliance officers ensure that companies follow laws and regulations. They review policies and procedures. Major financial institutions in Chicago, like JPMorgan Chase, seek these experts.
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4. Credit Analyst
   Average Salary: $99,287
   Credit analysts assess the creditworthiness of clients. They review financial statements and credit reports. Companies like Allstate and McDonald's in Chicago hire these analysts.
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5. Payroll Specialist
   Average Salary: $90,709
   Payroll specialists handle employee payments and benefits. They ensure accuracy and compliance with laws. Firms such as Target and Walgreens in Chicago offer these roles.
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6. Contract Administrator
   Average Salary: $84,022
   Contract administrators manage agreements between companies and clients. They ensure all terms are met. Companies like GE and Caterpillar in Chicago need these professionals.
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7. Credit Collections Manager
   Average Salary: $80,000
   Credit collections managers oversee the recovery of overdue payments. They develop strategies to improve collections. Financial services firms in Chicago, like Discover Financial, seek these managers.
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8. Bookkeeper
   Average Salary: $60,822
   Bookkeepers maintain financial records and ensure accuracy. They handle transactions and prepare reports. Small businesses and accounting firms in Chicago hire these professionals.
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9. Installment Agent
   Average Salary: $53,350
   Installment agents manage loan payments and collections. They ensure timely payments and resolve issues. Companies like Wells Fargo and State Farm in Chicago offer these positions.
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10. Account Associate
    Average Salary: $52,160
    Account associates support account management teams. They handle administrative tasks and client communications. Firms such as Accenture and Deloitte in Chicago hire these associates.
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