Internal Auditor Job at Illinois Municipal Retirement Fund (IMRF), Oak Brook, IL

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Job Description

Deadline for internal applicants: 05/22/2023


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). As is the second largest—and best funded—statewide public pension system in Illinois, IMRF serves approximately 2,900 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 .

EDUCATION and/or EXPERIENCE

· Bachelor’s Degree required (major in accounting is preferred).

· 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 (in Employer Audits, Finance, Benefits, and/or Member/Employer Services) 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.

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 paid holidays and 2 personal days

§ Tuition reimbursement

§ Business casual attire

§ Award-winning organizational approach to performance excellence

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