Illinois Municipal Retirement Fund (IMRF)
Full job description
Deadline to apply is June 18
Apply principles of accounting to Fund transactional data to analyze and compile financial data for periodic reporting, focusing on distribution of benefit and vendor payments in the line of business system (Horizon) and data reconciliation between the sub-ledger and general ledger.
Essential Duties and Responsibilities
There are four accountants in the Control Unit (Investments, Cash, Staff, and Accounts Payable). Each has separate duties but can perform all duties listed below. The duties are categorized by which accountant performs them on a regular basis and by which duties they perform equally. (Accounts Payable Accountant job description is found in a separate document)
Accountant – Staff
- Act as the primary team member responsible for the successful completion of the daily and monthly payroll cases for distribution of benefit payments.
- Investigate issues and make necessary adjustments related to the daily and monthly payroll cases to ensure their completion. This includes, but is not limited to:
o Updating member payment information in Horizon Ariel Payroll.
o Adding or removing members from payrolls in Horizon Ariel Payroll.
o Verifying calculations for complex adjustments.
- Send daily retro payments detail and trial pay registers to other departments via email to review for accuracy.
- Send daily notifications via email informing others when the daily and monthly payroll cases are completed.
- Act as the primary team member responsible for the successful completion of the daily and monthly disbursement cases for distribution of vendor payments and internal deductions in Horizon Admin Portal.
- Act as the liaison between Finance and other departments as it relates to daily and monthly payroll and disbursement cases.
- Daily approval of benefit and vendor check payments on the outsourced check printing vendor website.
- Act as the liaison between IMRF and the check printing vendor as it relates to issues and/or special requests regarding checks.
- Void cash receipts/credits in Horizon Dynamics GP and invoices in Horizon Admin Portal upon request.
- Complete member COLA adjustments in Horizon Ariel Payroll when necessary.
- Create work orders for issues related to the daily and monthly payroll and disbursement cases.
- Participate in user acceptance testing for Horizon software updates and defect fixes.
- Daily reconciliation of journal entries that are imported into the general ledger from the sub-ledger.
- Monthly reconciliation of payroll journal entries that are imported into the general ledger from the sub-ledger.
- Perform the necessary edits relating to Excess Benefit entries prior to importing into the general ledger.
- Prepare monthly journal entries to record the correct transaction dates for payrolls and disbursements.
- Assist and serve as the backup to the Senior Accountant – Reconciliation with Securities reconciliation.
- Serve as backup to the Investment Accountant.
Duties and Responsibilities Shared by All Accountants
- Participate in yearly audit; prepare various schedules and reconciliations as needed, provide timely responses to inquiries.
- Answer inquiries from the Internal Audit Department pertaining to the work and responsibilities listed above.
- Create and keep up to date detailed job procedures for all the above.
- Act as relief support during absences of other Control Unit members.
- Assist in preparation of the Annual Comprehensive Financial Report.
- Other duties as requested.
· Answer inq uiries from the Internal Audit Department pertaining to the work and responsibilities listed above.
- Create and keep up to date detailed job procedures for all the above.
- Act as relief support during absences of other Control Unit members.
- Assist in preparation of the Annual Comprehensive Financial Report.
- Other duties as requested.
Supervisory Responsibilities
No supervisory responsibilities
Qualifications
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Education and/or Experience
- Bachelor’s degree in accounting, finance or business administration and one year of related experience.
OR
- Associate’s degree in accounting and three years related experience.
- Strong Microsoft Excel skills required.
Language Skills
Ability to read, analyze, and interpret general business periodicals, technical procedures, governmental regulations, and all intra-company correspondence and memos. Ability to write reports, business correspondence, and procedure manuals. Ability to effectively present information and respond to questions from a variety of internal and external sources.
Mathematical Skills
Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, and percentages. Ability to work with mathematical concepts such as probability and statistical inference. Ability to apply concepts of basic algebra, fractions, percentages, ratios, and proportions to practical financial situations.
Reasoning Ability
Ability to apply common sense understanding to carry out instructions furnished in written, oral, diagram, or schedule form. Ability to resolve practical problems and deal with a variety of concrete variables in situations which are and are not standardized.
Physical Demands
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee is regularly required to sit; use hands to finger, handle, or feel; and talk or hear. The employee is occasionally required to stand and walk. The employee must occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this job include close vision.
Work Environment
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee is occasionally exposed to moving mechanical parts and risk of electrical shock. The noise level in the work environment is usually moderate.
Salary and Benefits
The expected annual salary range for this role is $60,485-$64,114. Please note the salary information is a general guideline only. Salaries are based upon candidate skills, experience, and qualifications, as well as market and business considerations. The range listed is just one component of IMRF’s total compensation package for employees.
Other factors include the following benefits:
- Pension, death, and disability benefits as a member of IMRF
- Generous insurance benefits, including medical and dental
- 35-hour base work week, Monday-Friday. Ability to work one day remote, per week, after 6 months of hire.
- Paid vacation, paid sick, 12-13 paid holidays and 2 personal days
- Tuition reimbursement
- Business casual attire
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