ACCOUNTANT

Position Overview

The Department of Insurance is seeking to hire an Accountant.  This position performs professional accounting and auditing duties by independently reviewing, reconciling and maintaining the detailed accounting systems for the Department of Insurance’s dedicated operating funds including all records of expenditures and obligations.  Maintains, examines and reconciles all expenditures for the Technology Management Revolving Fund.  Examines and evaluates all travel related expenses pertaining to Department staff, examiners and insurance companies. Independently maintains, examines and reconciles records for all Department commodities.  Utilizes various systems within the Fiscal/Management Reporting Unit. We invite all qualified applicants to apply.

Essential Functions

• Independently reviews, reconciles, and maintains the detailed accounting system for the Department of Insurance’s dedicated operating funds including all records of expenditures and obligations: reviews payment requests for accuracy and allowability and determines appropriate cost center to charge; monitors and reviews availability of funds; posts expenditures on the SAP Accounting System; reviews and monitors Contract Obligation Documents (COD) to reconcile against contract documents and reconciles with the Office of the Comptroller’s requirements; gathers information and analyzes reports for compliance; identifies problems and initiates corrective action; prepares and maintains monthly detailed financial reports and statements.
• Maintains, examines, and reconciles all expenditures for the Technology Management Revolving Fund: extracts and analyzes data for compliance; identifies problems and initiates corrective action; develops and prepares monthly reports of fund activities used for budget preparation and requested specialized reports; receives bills and secures non-negotiable draft for payment to the Department of Information Technology (DoIT).
• Examines and evaluates all travel related expenses pertaining to Department staff, examiners, and insurance companies: analyzes, reconciles, and maintains all travel data on the Department’s Examiner Billing System; interacts with Department management and/or insurance companies to resolve discrepancies.
• Procures the voucher and processes request approvals for payment for the Department: interacts with Department staff to determine needs; consults with vendors to determine availability, features, and involved costs; maintains vendor documents utilizing various procurement and SAP.
• Serves as backup to other Fiscal staff in their absence: processes payment approvals to contractual employees paid from federal grant funds and appropriated funds in order that payments be timely; responds to routine inquiries.
• Performs other duties as required or assigned which are reasonably within the scope of the duties enumerated above.

Minimum Qualifications

• Requires knowledge, skill, and mental development equivalent to completion of four (4) years of college, with courses in business administration and accounting or requires four (4) years of technical accounting experience.

Preferred Qualifications

• Prefers at least two (2) years of experience gaining elementary knowledge of professional accounting and auditing theory, principles, methods, and procedures.
• Prefers at least two (2) years of experience gaining elementary knowledge of the laws, rules, and regulations relating to state or non-state accounting or auditing procedures.
• Prefers at least two (2) years of experience gaining elementary knowledge of office methods, procedures, standard office accounting machines and equipment.
• Prefers demonstrated ability to perform detailed work involving the application of accounting theory to routine accounting or auditing problems.
• Prefers demonstrated ability to evaluate accounting problems of moderate difficulty and to analyze and interpret less complex accounting records and reports.
• Prefers demonstrated ability to perform detailed work involving written or numerical data and to make arithmetical calculations rapidly and accurately, either manually or by machine.
• Prefers demonstrated ability to establish and maintain satisfactory working relationships with other employees and the public.

Employment Conditions

• Requires the ability to pass a background check.

The conditions of employment listed here are incorporated and related to any of the job duties as listed in the job description.
 

About the Agency

The Department of Insurance (DOI) regulates the insurance market in the State of Illinois including, but not limited to, licensing and educating insurance agents, investigating Workers Compensation fraud, and examining the operations and finances of insurance companies domiciled in the state. We are committed to protecting consumers and regulating the insurance industry with innovation and efficiency. DOI has approximately 220 employees who are split between our Chicago and Springfield offices.

State of Illinois employees enjoy a robust benefit package, including:
    • Health, Life, Vision, and Dental Insurance
    • 13 Paid Holidays annually, 14 on even numbered years
    • 10-25 days of Paid Vacation time annually - (10 days in year one of employment)
    • 12 Paid Sick Days annually (sick days carry over from year to year)
    • 10 Weeks Paid Maternity/Paternity Leave
    • 3 Paid Personal Days annually
    • Pension Plan
    • Deferred Compensation Program and other pre-tax benefit programs (Medical/Daycare)
    • Flexible work schedules may be available, dependent upon position
    • Tuition Reimbursement Program and Federal Public Service Loan Forgiveness Program eligibility
    
Visit https://www2.illinois.gov/cms/benefits/Pages/default.aspx for more information about our benefits.