Illinois Housing Development Authority
Mgr - Intrnl Cntrls, Compliance & Entrprse Ut
Illinois Housing Development Authority, Chicago, Illinois, United States, 60290
Mgr - Intrnl Cntrls, Compliance & Entrprse Ut
Join to apply for the
Mgr - Intrnl Cntrls, Compliance & Entrprse Ut
role at
Illinois Housing Development Authority
Illinois Housing Development Authority provided pay range Base pay range: $94,998.00/yr - $118,747.00/yr
Position Details
Position Title:
Manager – Internal Controls, Compliance & Enterprise Utilities
Department:
Accounting
About IHDA IHDA is one of the Nation’s preeminent Housing Finance Agencies and one of the State’s ten largest financial institutions. Our mission is to finance the creation and preservation of affordable housing across Illinois.
Summary The Manager Internal Controls, Compliance & Enterprise Utilities is responsible for overseeing the Authority’s Accounts Payable, Internal Controls, and Accounting Compliance functions. This role ensures that AP operations align with policies, internal control frameworks are effective, and accounting procedures comply with GASB and regulatory requirements. The Manager coordinates audit responses, drives process efficiencies, supports risk mitigation, and manages month‑end close activities related to the areas of responsibility.
Essential Functions
Accounts Payable Oversight – Supervise and manage the AP team, ensuring timely processing of invoices and payments, overseeing the approval process, cash disbursements, and vendor management. Ensure compliance with procurement policies and vendor due diligence, create and monitor AP performance metrics, implement process improvements, and oversee reconciliation of accounts payable with general ledger balances.
Accounts Receivable Oversight – Supervise and manage the AR process, ensuring timely and accurate processing of AR invoices, reporting, account reconciliation review, and general ledger balances.
Payroll Oversight – Supervise payroll summary journal entry recording, account funding, account reconciliation review, and general ledger balances for areas of responsibility.
Additional oversight and supervision of accounting functions, including policy and procedure development, internal controls, scheduling expenditures, recording accruals, variance analysis, and accurate financial reporting.
Manage month‑end close activities, including variance analysis for areas of responsibility.
Analyze financial statements for discrepancies and investigate issues; complete prompt audit follow‑ups, retest controls, and ensure remediation plans are sustainable.
Internal Controls & Compliance – Develop and implement internal control policies and risk assessment frameworks, monitor financial compliance, lead audit preparation, and manage internal and external auditor requests. Conduct assessments, identify risks, and recommend mitigation strategies.
Assist with annual budgeting process and preparation of schedules/reports/support as requested.
Manage general ledger balances and reconcile to sub‑ledgers by applicable areas.
Develop and document business processes and procedures to strengthen internal controls, evaluate controls through interviews, data analysis, and compliance with standards.
Preparation and/or review of annual audit financial statements/schedules and year‑end audit schedules (PBC’s); assist with internal and external audit requests.
Identify continual process improvements to increase accuracy and efficiency of reporting tasks; research GAAP and GASB literature to ensure current compliance.
Maintain current policies and procedures for all processes, including creation and maintenance of accounting policies and procedures related to accounting.
Proactively identify compliance risks across financial processes and mitigate vulnerabilities related to non‑compliance.
Develop/implement/manage a Risk Control Self‑Assessment (“RCSA”) /Managers Control Assessment (“MCA”) framework for the Accounting function.
Perform additional duties and projects as assigned by the Senior Director – Reporting, Internal Controls & Enterprise Utilities or Controller.
Education and Experience Requirements
BA/BS in Accounting or Finance required.
At least 7 to 10 years of accounting and financial analysis experience, with a minimum of 2–5 years of supervisory experience in the financial reporting/general accounting area preferred.
Governmental experience a plus.
Internal Control, Audit experience and CPA or MBA preferred.
Strong interpersonal, supervisory and customer service skills required.
Excellent verbal and written communication skills.
Strong analytical, problem solving, and organizational skills required.
Ability to balance multiple responsibilities and tasks, a team‑player, work under pressure and meet time‑sensitive deadlines.
Strong Microsoft Office skills, especially Excel.
Willingness to work outside of normal business hours during monthly, quarterly and annual close to meet deadlines.
What we Offer
Paid time off, plus paid holidays
Hybrid work arrangement; candidates must reside in Illinois at time of hire
Medical/dental/vision insurance plan
Life insurance
Short/long term disability
Tuition reimbursement
Flex spending
401K plan – immediate vesting
Eligibility for federal loan forgiveness programs for IHDA employees
Salary: $94,997 – $118,746
Must be a resident of Illinois or willing to relocate. Flexible scheduling is available, upon completion of a six‑month probationary period.
EOE
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Mgr - Intrnl Cntrls, Compliance & Entrprse Ut
role at
Illinois Housing Development Authority
Illinois Housing Development Authority provided pay range Base pay range: $94,998.00/yr - $118,747.00/yr
Position Details
Position Title:
Manager – Internal Controls, Compliance & Enterprise Utilities
Department:
Accounting
About IHDA IHDA is one of the Nation’s preeminent Housing Finance Agencies and one of the State’s ten largest financial institutions. Our mission is to finance the creation and preservation of affordable housing across Illinois.
Summary The Manager Internal Controls, Compliance & Enterprise Utilities is responsible for overseeing the Authority’s Accounts Payable, Internal Controls, and Accounting Compliance functions. This role ensures that AP operations align with policies, internal control frameworks are effective, and accounting procedures comply with GASB and regulatory requirements. The Manager coordinates audit responses, drives process efficiencies, supports risk mitigation, and manages month‑end close activities related to the areas of responsibility.
Essential Functions
Accounts Payable Oversight – Supervise and manage the AP team, ensuring timely processing of invoices and payments, overseeing the approval process, cash disbursements, and vendor management. Ensure compliance with procurement policies and vendor due diligence, create and monitor AP performance metrics, implement process improvements, and oversee reconciliation of accounts payable with general ledger balances.
Accounts Receivable Oversight – Supervise and manage the AR process, ensuring timely and accurate processing of AR invoices, reporting, account reconciliation review, and general ledger balances.
Payroll Oversight – Supervise payroll summary journal entry recording, account funding, account reconciliation review, and general ledger balances for areas of responsibility.
Additional oversight and supervision of accounting functions, including policy and procedure development, internal controls, scheduling expenditures, recording accruals, variance analysis, and accurate financial reporting.
Manage month‑end close activities, including variance analysis for areas of responsibility.
Analyze financial statements for discrepancies and investigate issues; complete prompt audit follow‑ups, retest controls, and ensure remediation plans are sustainable.
Internal Controls & Compliance – Develop and implement internal control policies and risk assessment frameworks, monitor financial compliance, lead audit preparation, and manage internal and external auditor requests. Conduct assessments, identify risks, and recommend mitigation strategies.
Assist with annual budgeting process and preparation of schedules/reports/support as requested.
Manage general ledger balances and reconcile to sub‑ledgers by applicable areas.
Develop and document business processes and procedures to strengthen internal controls, evaluate controls through interviews, data analysis, and compliance with standards.
Preparation and/or review of annual audit financial statements/schedules and year‑end audit schedules (PBC’s); assist with internal and external audit requests.
Identify continual process improvements to increase accuracy and efficiency of reporting tasks; research GAAP and GASB literature to ensure current compliance.
Maintain current policies and procedures for all processes, including creation and maintenance of accounting policies and procedures related to accounting.
Proactively identify compliance risks across financial processes and mitigate vulnerabilities related to non‑compliance.
Develop/implement/manage a Risk Control Self‑Assessment (“RCSA”) /Managers Control Assessment (“MCA”) framework for the Accounting function.
Perform additional duties and projects as assigned by the Senior Director – Reporting, Internal Controls & Enterprise Utilities or Controller.
Education and Experience Requirements
BA/BS in Accounting or Finance required.
At least 7 to 10 years of accounting and financial analysis experience, with a minimum of 2–5 years of supervisory experience in the financial reporting/general accounting area preferred.
Governmental experience a plus.
Internal Control, Audit experience and CPA or MBA preferred.
Strong interpersonal, supervisory and customer service skills required.
Excellent verbal and written communication skills.
Strong analytical, problem solving, and organizational skills required.
Ability to balance multiple responsibilities and tasks, a team‑player, work under pressure and meet time‑sensitive deadlines.
Strong Microsoft Office skills, especially Excel.
Willingness to work outside of normal business hours during monthly, quarterly and annual close to meet deadlines.
What we Offer
Paid time off, plus paid holidays
Hybrid work arrangement; candidates must reside in Illinois at time of hire
Medical/dental/vision insurance plan
Life insurance
Short/long term disability
Tuition reimbursement
Flex spending
401K plan – immediate vesting
Eligibility for federal loan forgiveness programs for IHDA employees
Salary: $94,997 – $118,746
Must be a resident of Illinois or willing to relocate. Flexible scheduling is available, upon completion of a six‑month probationary period.
EOE
#J-18808-Ljbffr