Accounts Receivable Specialist Jobs in Chicago, IL
About Accounts Receivable Specialist Jobs in Chicago
Looking for a Accounts Receivable Specialist job in Chicago? You're in the right place. This guide covers everything you need to know about working as a Accounts Receivable Specialist in Chicago, IL.
We'll show you what you can expect to earn. We'll also share which companies are hiring. Plus, you'll learn about the cost of living and how to get started in your job search.
Chicago has a strong job market for Accounts Receivable Specialists. Many employers are actively looking for talent. Read on to learn how to land your next role.
Accounts Receivable Specialist Salary in Chicago
Accounts Receivable Specialist salaries in Chicago are in line with national averages, offering competitive compensation for the region.
Purchasing power in Chicago is comparable to the national average, with salaries appropriately scaled to local costs.
Required Skills
Accounts Receivable Specialist Job Market in Chicago
Chicago, IL is one of America's premier job markets for Accounts Receivable Specialist professionals. With a population of 2.7 million, the Chicago-Naperville-Elgin metro area offers diverse opportunities across multiple industries. The city's strong Finance and Technology sectors create robust demand for Accounts Receivable Specialist talent. The market for Accounts Receivable Specialist positions remains stable, with opportunities in both established companies and growing organizations.
Top Companies Hiring Accounts Receivable Specialists in Chicago
Major employers hiring Accounts Receivable Specialists in Chicago include CME Group, Northern Trust, Citadel, Allstate, and Discover, BMO Harris. The strong financial services presence creates consistent demand for experienced Accounts Receivable Specialist professionals, with competitive compensation packages. Many companies offer competitive benefits including comprehensive healthcare, and professional development opportunities.
Cost of Living for Accounts Receivable Specialists in Chicago
Living in Chicago as a Accounts Receivable Specialist means navigating a cost of living that's slightly above the national average. Average rent for a 1-bedroom apartment is approximately $2,100/month. At median Accounts Receivable Specialist salary, rent would consume about 51% of gross income - above the recommended 30% threshold. Consider roommates or suburban options. Suburban apartments average $1,400/month, offering significant savings with slightly longer commutes.
Commuting as a Accounts Receivable Specialist in Chicago
Chicago CTA "L" train system with 8 lines, extensive bus network. The average commute time is 35 minutes. The "L" runs 24/7 on some lines - great for varied work schedules. Living near an L station is key - commutes can double otherwise.
Best neighborhoods for Accounts Receivable Specialists in Chicago: Downtown (Central business district with tech companies); Tech Park/Campus (Suburban office park developments). Downtown is particularly popular among Accounts Receivable Specialist professionals due to proximity to major employers and urban amenities.
Tax Considerations in Illinois
Illinois has moderate state income taxes. When evaluating offers, consider total compensation including benefits, not just base salary. Local cost of living typically has more impact on your finances than state tax differences.
Career Outlook for Accounts Receivable Specialists
The job outlook for Accounts Receivable Specialists in Chicago is stable. While not experiencing rapid growth, the field maintains steady demand with consistent opportunities for qualified professionals. As a Tier 1 market, Chicago typically has more openings but also more competition from experienced professionals. In-demand skills include Invoice Processing, Collections, Reconciliation, ERP Systems.
Relocating to Chicago
Winters can be harsh. Budget for winter clothing, and many employers understand weather-related delays during snow events.
Frequently Asked Questions
What is the average Accounts Receivable Specialist salary in Chicago, IL?
The average Accounts Receivable Specialist salary in Chicago, IL is $49,755 per year. Entry-level Accounts Receivable Specialists typically start around $34,561, while experienced professionals can earn $67,678 or more. The national average for Accounts Receivable Specialist roles is $46,500.
How many Accounts Receivable Specialist jobs are available in Chicago?
Chicago has a robust job market with hundreds of openings for Accounts Receivable Specialist professionals. Major employers hiring Accounts Receivable Specialists include CME Group, Northern Trust, Citadel, Allstate. The Finance and Technology sectors drive much of the demand in this market.
Is Chicago a good city for Accounts Receivable Specialists?
Chicago is an excellent choice for Accounts Receivable Specialists. As a major metro area, it offers abundant opportunities and competitive salaries. The cost of living is reasonable compared to major coastal cities. The city's finance industry creates strong demand for finance & accounting professionals.
What skills are most in-demand for Accounts Receivable Specialists in Chicago?
Top skills for Accounts Receivable Specialists in Chicago include Invoice Processing, Collections, Reconciliation, ERP Systems, Customer Communication. Employers value both technical expertise and soft skills like communication and teamwork.
What is the cost of living for Accounts Receivable Specialists in Chicago?
Chicago's cost of living is near the national average (107% of baseline). Average rent for a 1-bedroom apartment is approximately $2,100/month. Purchasing power in Chicago is comparable to the national average, with salaries appropriately scaled to local costs.
How is the commute for Accounts Receivable Specialists in Chicago?
Chicago CTA "L" train system with 8 lines, extensive bus network. The average commute is 35 minutes. The "L" runs 24/7 on some lines - great for varied work schedules.
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