IMRF
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Financial Accounting Analyst
role at
IMRF . Assist in the coordination, implementation, processing and troubleshooting for financial data, software and processes as directed by the Chief Financial Officer and working alongside the Financial and Operations Analysts. Assist the Analysts to utilize the financial software products used at IMRF for reporting purposes. Assist with the formulation of the annual budget, monitoring the annual budget; assist with preparation of ACFR, PAFR, review of monthly J/E’s, monthly budget analysis, and year end close. Stay informed about tax law changes and GASB pronouncements. Assist in handling miscellaneous special projects assigned. Essential Duties and Responsibilities
Include the following. Other duties may be assigned. Assist in consolidation and analysis of financial data for reporting purposes Review monthly financial statements, journal entries, and reports Develop, maintain, and document processes related to tax matters, new legislation, or other special situations Determine auditing steps and internal controls required for software for future releases Plan and coordinate system procedural changes Assist in reconciling and analyzing data to ensure compliance with GAAP, the Illinois Pension Code, the Internal Revenue Code, and other reporting requirements Assist in preparation of annual reports including Projection Report, CEM Benchmarking cost allocations, OPEB reporting and IDOI annual and bi-annual reporting Assist in preparation of the Annual Comprehensive Financial Report, SOC 1 Type 2 report, various audits and year end close; include Asset Listing Addendum, GASB 68 Schedule of Changes in Fiduciary Net Position by Employer, audit workpapers, Annual Budget process, Employer Rate Meetings data, and special projects as required Monitor current trends in financial reporting and pension administration to recommend improvements to IMRF’s efficiency and productivity and expand services to members and employers Assist in proposing, implementing, and monitoring new services to members and employers; recommend changes to existing systems Assist in implementation of new GASB pronouncements and best practices from GFOA and AICPA Assist in research, verification and reconciliation of all payments and receipts; ensure accuracy, timeliness, and proper posting to the general ledger B) Financial Systems, Policies and Procedures
Review and document current department procedures related to financial reporting; identify strengths and weaknesses of current and new systems Provide documentation to flowchart and verify calculations; assist in documenting audit steps and internal controls to protect IMRF data Develop and document procedures based on Board policies and the Illinois Pension Code Compile financial policies, internal control and fraud prevention procedures; communicate with Internal Audit as needed Identify internal control weaknesses and implement corrective measures in line with internal auditing practices Assist in planning and coordinating implementation and data conversions for accounting systems Document procedures, prepare user manuals and train users Identify and resolve system errors; issue correspondence to explain fixes or workarounds C) Member and Employer Communications
Provide staff assistance in answering questions from IMRF members, annuitants, employers and auditors via phone and written correspondence. Stay current on taxes, GASB pronouncements and AICPA-related changes. D) Publications
Keep IMRF publications up to date and inform members, annuitants, employers and staff through written procedures. E) Other Support
Assist other employees as needed by the Chief Financial Officer; may include creating spreadsheets, writing reports, letters or database applications related to financial systems. F) Daily Processing
All disciplines of finance, accounting and internal controls Assess impact of potential legislative changes G) Other duties as assigned
Back up for: annual member increment processing and approvals; review of large pensions for IRS §415 limits Back up for Supplemental Benefit Payment processing and coordination with treasury and IS; assist with communications inserts Annual asset listing for financial statements Review of tier two wages and notices to employers/members when wages approach annual limits Supervisory Responsibilities
This job has no supervisory responsibilities. Reports directly to Chief Financial Officer. Qualifications
Education and/or Experience Required Bachelor’s degree from a four-year college or university with a concentration in a business-related field CPA required (active/registered or designation); familiarity with large public employee pension systems preferred Strong communication skills and Excel skills, including the ability to prepare concise and well-written reports and correspondence Language Skills
Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations. Ability to write reports, business correspondence, and procedure manuals. Ability to present information and respond to questions from managers, clients, customers, and the public. Mathematical Skills
Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume. Ability to apply basic algebra and geometry. Reasoning Ability
Ability to define problems, collect data, establish facts, and draw valid conclusions. Ability to interpret a range of technical instructions in mathematical or diagram form and to handle abstract and concrete variables. Physical Demands
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions. Benefits and Salary
The expected minimum annual salary range for this role is $90,000. Salaries are based on candidate skills, experience, and qualifications, as well as market and business considerations. This range is one component of IMRF's total compensation package for employees. Benefits include: Pension, death, and disability benefits as a member of IMRF Generous insurance benefits (medical and dental) 35-hour base work week, Monday-Friday; one remote day per week after 6 months Paid vacation, paid sick leave, 12-13 paid holidays and 2 personal days Tuition reimbursement Business casual attire Seniority level : Associate Employment type : Full-time Job function : Administrative, Accounting/Auditing, and Finance Industries : Pension Funds and Financial Services Note: This refined description removes boilerplate and extraneous content while preserving responsibilities and qualifications in a clear, structured format.
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Financial Accounting Analyst
role at
IMRF . Assist in the coordination, implementation, processing and troubleshooting for financial data, software and processes as directed by the Chief Financial Officer and working alongside the Financial and Operations Analysts. Assist the Analysts to utilize the financial software products used at IMRF for reporting purposes. Assist with the formulation of the annual budget, monitoring the annual budget; assist with preparation of ACFR, PAFR, review of monthly J/E’s, monthly budget analysis, and year end close. Stay informed about tax law changes and GASB pronouncements. Assist in handling miscellaneous special projects assigned. Essential Duties and Responsibilities
Include the following. Other duties may be assigned. Assist in consolidation and analysis of financial data for reporting purposes Review monthly financial statements, journal entries, and reports Develop, maintain, and document processes related to tax matters, new legislation, or other special situations Determine auditing steps and internal controls required for software for future releases Plan and coordinate system procedural changes Assist in reconciling and analyzing data to ensure compliance with GAAP, the Illinois Pension Code, the Internal Revenue Code, and other reporting requirements Assist in preparation of annual reports including Projection Report, CEM Benchmarking cost allocations, OPEB reporting and IDOI annual and bi-annual reporting Assist in preparation of the Annual Comprehensive Financial Report, SOC 1 Type 2 report, various audits and year end close; include Asset Listing Addendum, GASB 68 Schedule of Changes in Fiduciary Net Position by Employer, audit workpapers, Annual Budget process, Employer Rate Meetings data, and special projects as required Monitor current trends in financial reporting and pension administration to recommend improvements to IMRF’s efficiency and productivity and expand services to members and employers Assist in proposing, implementing, and monitoring new services to members and employers; recommend changes to existing systems Assist in implementation of new GASB pronouncements and best practices from GFOA and AICPA Assist in research, verification and reconciliation of all payments and receipts; ensure accuracy, timeliness, and proper posting to the general ledger B) Financial Systems, Policies and Procedures
Review and document current department procedures related to financial reporting; identify strengths and weaknesses of current and new systems Provide documentation to flowchart and verify calculations; assist in documenting audit steps and internal controls to protect IMRF data Develop and document procedures based on Board policies and the Illinois Pension Code Compile financial policies, internal control and fraud prevention procedures; communicate with Internal Audit as needed Identify internal control weaknesses and implement corrective measures in line with internal auditing practices Assist in planning and coordinating implementation and data conversions for accounting systems Document procedures, prepare user manuals and train users Identify and resolve system errors; issue correspondence to explain fixes or workarounds C) Member and Employer Communications
Provide staff assistance in answering questions from IMRF members, annuitants, employers and auditors via phone and written correspondence. Stay current on taxes, GASB pronouncements and AICPA-related changes. D) Publications
Keep IMRF publications up to date and inform members, annuitants, employers and staff through written procedures. E) Other Support
Assist other employees as needed by the Chief Financial Officer; may include creating spreadsheets, writing reports, letters or database applications related to financial systems. F) Daily Processing
All disciplines of finance, accounting and internal controls Assess impact of potential legislative changes G) Other duties as assigned
Back up for: annual member increment processing and approvals; review of large pensions for IRS §415 limits Back up for Supplemental Benefit Payment processing and coordination with treasury and IS; assist with communications inserts Annual asset listing for financial statements Review of tier two wages and notices to employers/members when wages approach annual limits Supervisory Responsibilities
This job has no supervisory responsibilities. Reports directly to Chief Financial Officer. Qualifications
Education and/or Experience Required Bachelor’s degree from a four-year college or university with a concentration in a business-related field CPA required (active/registered or designation); familiarity with large public employee pension systems preferred Strong communication skills and Excel skills, including the ability to prepare concise and well-written reports and correspondence Language Skills
Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations. Ability to write reports, business correspondence, and procedure manuals. Ability to present information and respond to questions from managers, clients, customers, and the public. Mathematical Skills
Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume. Ability to apply basic algebra and geometry. Reasoning Ability
Ability to define problems, collect data, establish facts, and draw valid conclusions. Ability to interpret a range of technical instructions in mathematical or diagram form and to handle abstract and concrete variables. Physical Demands
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions. Benefits and Salary
The expected minimum annual salary range for this role is $90,000. Salaries are based on candidate skills, experience, and qualifications, as well as market and business considerations. This range is one component of IMRF's total compensation package for employees. Benefits include: Pension, death, and disability benefits as a member of IMRF Generous insurance benefits (medical and dental) 35-hour base work week, Monday-Friday; one remote day per week after 6 months Paid vacation, paid sick leave, 12-13 paid holidays and 2 personal days Tuition reimbursement Business casual attire Seniority level : Associate Employment type : Full-time Job function : Administrative, Accounting/Auditing, and Finance Industries : Pension Funds and Financial Services Note: This refined description removes boilerplate and extraneous content while preserving responsibilities and qualifications in a clear, structured format.
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