Employer Compliance Associate
20 hours ago
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 services over 3,000 municipal employers in the State. We are an award-winning organization, located in Oak Brook.
Under the direct supervision of the Manager-Employer Compliance, the Employer Compliance Associate is responsible for completing employer compliance reviews through remote work or rare on-site visits to the employers' Payroll office, according to established compliance programs, with the purpose of determining that all eligible employees and only eligible employees are enrolled, and that for eligible employees, pensionable compensation is reported correctly in accordance with the Illinois Pension Code.
Essential Duties and Responsibilities
- Complete the employer compliance work program of IMRF Employers, including payroll, enrollment records, and selected financial reports.
- Ensure work papers are adequately documented, and compliance evidence is sufficient.
- Gather data during compliance review through a variety of methods including interaction with employer personnel, review of documents received, internet research, etc.
- Prepare supporting work papers and written correspondence for the work completed and provide a report to the Senior Employer Compliance Associate or the Manager - Employer Compliance, notating any exceptions uncovered, meeting time and quality standards of the unit.
- Complete follow-up on compliance recommendations to validate the implementation of corrective plans.
- Stay current on professional and industry developments and best practices through continuing education training. Certified staff should follow CPE requirements of their respective certifications (e.g., 40 hours).
- Other duties as assigned within the department.
- Bachelor's Degree required. Bachelor's Degree in Accounting is preferred.
PLUS - Two years related compliance experience.
In lieu of compliance experience, two years of IMRF experience (in Internal Audit, Finance, Benefits, and/or Member/Field Services) may be substituted.
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, laptop, and remote internet access 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, paid sick, 12-13 paid holidays and 2 personal days
- Tuition reimbursement
- Business casual attire
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