Accountant, Financial Analyst, Financial Reporting

Position: Accountant I

Division: State Investments and Banking

Union: Teamsters Local 916/Illinois Federation of Teachers Local Union 4460

Location: Springfield, Illinois

Salary: $50,000/annual

Position Summary:
The Accountant I position performs moderately complex accounting procedures necessary for the accurate recording and monitoring of a variety of financial transactions, bank accounts and state agency general ledger accounts that fall under the responsibility of the Illinois State Treasurer’s Office. This position is accountable for accurate record maintenance and compliance with all internal and external audit controls. In addition, this position is responsible for ensuring adherence to all internal procedures, office policies and Illinois law as it relates to the position.

Attendance is an essential function of this position.

• Clearing Section Related
  • Posts and maintains financial transactions related to state agency clearing accounts
  • Evaluates and records debit/credit memos, checks/ACH return items or any other clearing-related adjustment transactions
  • Generates reports for state agencies which provide financial information related to the Illinois State agencies’ clearing accounts
  • Processes requests received from Illinois State agencies including but not limited to transfers between clearing accounts, non-negotiable drafts issuance and transfers between appropriate bank accounts
  • Researches basic inquiries generated by Illinois State agencies as related to the clearing functions of the State Investments and Banking Division
• Banking Operations Section Related
  • Generates reports from banking institutions which maintain a contractual relationship with the Illinois State Treasurer’s Office using a variety of information reporting systems
  • Retrieves both opening and intra-day balances from banking institutions which maintain a contractual relationship with the Illinois State Treasurer’s Office and provides this information in the appropriate format to other staff members of the State Investments and Banking Division and to staff members in other divisions of the Illinois State Treasurer’s Office
  • Executes wire transfer and ACH transactions needed for the movement of funds between predetermined bank accounts based on the availability for the purpose of daily investments and expenditures
  • Balances the Comptroller’s daily deposit of state funds into the state treasury and processes all paperwork necessary for the timely and accurate recording of deposited funds to the Illinois State Treasurer’s Office general ledger system
  • Processes check deposits made by State of Illinois agencies
  • Processes paperwork necessary for the timely and accurate recording of deposited funds to the Illinois State Treasurer’s Office general ledger system received through the Comptroller’s daily deposit of state funds into the state treasury
  • Sorting, stamping, mail of IOC deposit receipts
  • Maintains systems and/or spreadsheets necessary for the accurate recording, reconciling and reporting of deposits and information related to deposits made on behalf of various Illinois State agencies, funds and outside entities doing business with the Illinois State Treasurer’s Office
  • Assist Illinois State agencies in preparation of receipt deposit transmittals
  • Updating letters of credit database
  • Maintains spreadsheets/databases necessary for the accurate gathering and recording of data related to activities of the Illinois State Treasurer’s Office
  • MMF spreadsheet updates
• Investment Operations Section Related
  • Preparation of investment related documentation
  • Organizing and entering data related to balance packets
  • Generates reports that ensure accurate reporting of security-related information
• Serves in a…