Internal Candidates Apply by July 12, 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 Accounting duties and meet the requirements, we want to hear from you.
SUMMARY
Work as member on the Treasury Unit team which is responsible for benefit payments instructions and cash receipts including:
- Timely and accurate processing of payment instruction requests received from annuitants, employers and third parties.
- Timely and accurate processing of cash receipt transactions.
ESSENTIAL DUTIES AND RESPONSIBILITIES
- Review and enter payment instructions with fluctuating work volume. Examples of instructions: direct deposit, withholding tax, insurance and addresses.
- Process all Treasury Unit related workflows within the Horizon Queues.
- Monitor and maintain deduction information initial setup and termination for AFSCME, Doyle Rowe, NCPERS, and other deduction organizations.
- Enter and monitor deductions for conservatorships, guardianships, and other deductions that require coordinating with the Legal Department.
- Process POAs and other Legal fiduciary documents. Functions include:
- Examining documents for acceptability and compliance.
- Seeking input from Legal staff when appropriate.
- Creating correspondence when documents are not acceptable.
- Determining necessity of POA Affidavit
- Process cash receipts. Items received include EFTs, checks and wire transfers. IMRF utilizes remote deposit for incoming checks.
- Provide excellent, high quality customer service to both external and internal contacts. Individuals must be able to communicate effectively and efficiently.
- Initiate EFT deletions, stop payments and replacement requests.
- Monitor returned mail
- Serve as liaison between annuitants and third parties responsible for union dues, life insurance and health insurance. Service includes:
- Communicating requested information from annuitants and third parties to Employer Services Department, as needed.
- Serve as liaison, responding to phone calls and emails received from these organizations including but not limited to AFSCME, NCPERS, and Doyle Rowe.
- Analyze discrepancies to determine corrections and adjustments necessary for deductions and withholding.
- Process administrative disbursements.
- Research archives of payments that were not converted to the current system.
- Monitor incoming fax requests.
- Monitor death match report investigate any discrepancies noted for active members.
- Other duties as assigned.
PERFORMANCE STANDARDS
Adhere to performance requirements as set forth by established Finance Department Standards.
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
- Associate's degree (A. A.) or equivalent from two-year college or business school;
OR
- One-year related experience and/or training in the duties mentioned above, or equivalent combination of education and experience.
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