Accounts Payable Specialist in Chicago, IL

Accounts Payable Specialist job description

Accounts payable specialists should have strong communication, problem-solving and organizational skills, as well as the ability to multitask and adjust to changing priorities. Companies expect applicants for these roles to be proficient with Microsoft Office applications, particularly Excel; familiarity with additional software is also valued. Candidates for these roles should have three to five years of relevant experience and a bachelor’s degree.

Typical accounts payable specialist duties:

Reviewing invoices for appropriate documentation and approval prior to processing

Entering and uploading invoices into accounting software

Processing invoices and check requests in an accurate and timely manner

Maintaining invoice copies, purchase orders and approvals

Researching and resolving invoice discrepancies and issues

Communicating with vendors regarding payment status, invoice requests and inquiries as needed

Providing supporting documentation for audits

Assisting with month-end closing

Researching and resolving accounts payable or accounts receivable issues with customers or vendors

Updating and reconciling the sub-ledger to the general ledger

Maintaining cash applications, account reconciliations and chargebacks

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Account reconciliations

Accounts payable

Auditing

Automated clearing house

Business planning and forecasting

Customer service

ERP software proficiency

Invoice coding

Journal entry management

Payment processing

Three-way matching

Salary for Accounts Payable Specialist in Chicago, IL

65625 - 80313

Low

65625

The candidate is new to the role or has limited experience and is still developing core skills.

Mid

71875

The candidate has moderate experience in the role or one similar, meets most requirements and may hold transferable skills or relevant certifications.

High

80313

The candidate has extensive experience in the role, demonstrates advanced skills and often brings specialized certifications or industry experience.

Projected salaries for related positions

Job title

Low

Mid

High

Accounts Receivable Manager

91250

110000

135000

Accounts Receivable Analyst

74688

84688

93125

Accounts Receivable Specialist

69688

76250

83438

Accounts Receivable Clerk

55625

65313

73438

Accounts Payable Manager

87813

103438

131250

Accounts Payable Analyst

72813

78750

87813

Accounts Payable Clerk

55000

62500

69375

Billing Manager

75000

91563

113750

Billing Specialist

55938

64375

74688

Billing Clerk

53750

59688

66563

Full Charge Bookkeeper

83750

93750

108125

Bookkeeper

72500

82500

92500

Credit Manager

101563

119688

140000

Credit and Collections Analyst

73438

85000

95938

Credit and Collections Specialist

60938

72500

87188

Inventory Analyst

60625

76875

91563

Inventory Clerk

50313

56563

69063

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