Internal Candidate apply by June 13, 2024
INTRODUCTION
The Illinois Municipal Retirement Fund (IMRF) provides death, disability, and pension retirement benefits to employees of local governments and school districts in Illinois (with the exception of the City of Chicago and Cook County). We are the second largest—and best funded—statewide public pension system in Illinois, IMRF serves approximately 3,000 municipal employers in the State. We are an award-winning organization, located in Oak Brook. IMRF is looking for top talent, for a direct hire opportunity that is benefit eligible. If you are passionate about Internal Audit duties and meet the requirements, we want to hear from you.
SUMMARY
Under the direct supervision of the Internal Audit Officer, this position is responsible for evaluating the adequacy and effectiveness of different control areas within IMRF to validate compliance with policies, plans, regulations (e.g., Illinois Pension Code), audit and accounting standards (e.g., IACPA, GASB, IIA) and best business practices.
ESSENTIAL DUTIES AND RESPONSIBILITIES
- Assist the Senior Internal Auditor and Internal Audit Officer with the completion of the annual risk-based Audit Plan, including the review of audit areas such as benefits, investments, cash, year-end accruals, fixed assets, payroll, and administrative expenses.
- Obtain population data, select samples, and test transactions by comparing reported information to documented support.
- Research transactions using the IMRF benefits system.
- Use Excel to analyze, organize, and report data.
- Identify risks and controls in processes audited.
- Draft formal audit reports using text and graphs.
- Follow-up on exceptions noted during the audit process.
- Participate in audit project selection (“annual planning”) via interviews and research.
- Assist external auditors during the interim and year-end financial audits and SOC 1.
- Apply and expand knowledge of risk and control for continuously improving audit approaches.
- Stay current on professional and industry developments and best practices through continuing education training of at least 20 hours per calendar year. Certified staff should follow CPE requirements of their respective certifications.
- Complete other duties as assigned.
SUPERVISORY RESPONSIBILITIES
This job has 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 required.
- One-two years of recent internal audit experience in a corporate setting or public accounting firm. In lieu of internal audit experience, two years IMRF experience may be substituted.
- Must have proven expertise in Excel and Word.
- Must possess strong communication skills, including the ability to prepare concise and well-written reports and correspondence.
- Must be able to work independently.
ADDITIONAL INFORMATION
- This position will be housed in our Oak Brook office.
- Company smart phone and laptop will be provided.
IMRF Benefits:
- Generous insurance benefits, including medical and dental
- 35-hour base work week, Monday - Friday
- Death, disability, and pension retirement benefits as a member of IMRF
- Paid vacation, 12-13 paid holidays and 2 personal days
- Business casual attire
- Award-winning organizational approach to performance excellence