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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 processingEntering and uploading invoices into accounting softwareProcessing invoices and check requests in an accurate and timely mannerMaintaining invoice copies, purchase orders and approvalsResearching and resolving invoice discrepancies and issuesCommunicating with vendors regarding payment status, invoice requests and inquiries as neededProviding supporting documentation for auditsAssisting with month-end closingResearching and resolving accounts payable or accounts receivable issues with customers or vendorsUpdating and reconciling the sub-ledger to the general ledgerMaintaining cash applications, account reconciliations and chargebacks

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Salary for Accounts Payable Specialist in Chicago, IL
61305 - 75030
25th percentile
61305
The candidate is new to the role and building the needed skills, experience and autonomy.
50th percentile
66795
The candidate has the experience to perform core responsibilities without direct supervision and is comfortable with the role’s processes and subject matter.
75th percentile
75030
The candidate delivers value beyond the stated job duties, has advanced qualifications and experience, and is ready for the next career level.
Projected salaries for related positions Position title 25th percentile 50th percentile 75th percentile Accounts Receivable Manager 86620 99125 121390 Accounts Receivable Analyst 71675 79300 89060 Accounts Receivable Specialist 64965 71370 75640 Accounts Receivable Clerk 52765 61610 68930 Accounts Payable Manager 83875 95465 118035 Accounts Payable Analyst 68930 75640 82960 Accounts Payable Clerk 51850 58865 65575 Billing Manager/Supervisor 71675 87230 109190 Billing Specialist 52765 61305 71065 Billing Clerk 50630 57035 63135 Purchasing Manager 79910 96685 114070 Purchasing Assistant 50935 57645 67100 Inventory Analyst 57340 71675 86010 Inventory Clerk 47275 53680 65880

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