Illinois Municipal Retirement Fund

Locally funded, financially sound

The Internal Audit Officer manages the Internal Audit employees, responsible for auditing IMRF’s internal operations, validating compliance with policies, plans, regulations (e.g., Illinois Pension Code), audit and accounting standards (e.g., IACPA, GASB, IIA) and best business practices.

Manage Internal Audit Unit staff consisting of a Senior Internal Auditor and Internal Audit Associate. Responsible for hiring, salary administration, performance management, planning, training, development, counseling and coaching.

• Establishes a risk-based Annual Audit Plan and monitors the timely execution of internal audits in accordance with the Plan.
• Develops and updates the Internal Audit Programs; and provides written reports (e.g., Exception Memos, Observation Memos) to
Management and the Executive Director when audit findings are noted, in the areas of benefits, investments, financial reporting,
cash, fixed assets, administrative expense, annuitant death investigations, etc.
• Coordinates the IMRF annual IT Security Audits.
• Reviews and approves for compliance with applicable policies expense reports submitted by trustees.
• Works as a trusted business partner/advisor to enhance other departments’ accounting and procedural controls.
• Communicates the status of the annual Audit Plan, and individual audit issues, to the Audit Committee/Board of Trustees and to the
Executive Director through formal reports.
• Conducts special reviews or procedures at the request of the Board of Trustees and senior management.
• Provides assistance to and consults with external auditors during the annual year-end and SOC1 audits.
• Establishes and monitors the annual budget for the Internal Audit department.

Manages special projects for the Internal Audit Unit, as needed.

Stays current on professional/industry development and best practices through continuing education and obtains the necessary CPE credits required by the CIA or CPA professional certification (e.g., 40 hours).

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.

• Bachelor’s Degree required (major in accounting preferred), plus minimum 5 years of recent public accounting or internal auditing
experience, including 2 years of supervisory experience. Master’s degree preferred (e.g., MS in Accounting, MBA).
• CPA or CIA designation is required.
• Municipal audit experience is a plus.
• Must possess strong communication and Excel skills, including the ability to prepare concise and well-written reports and
• Must have excellent public speaking skills, in making presentations to the Board of Trustees, Audit Committee, and other internal or
external groups.

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