The Director of Operations, Accounting an Audit is responsible for the execution of all administrative functions of the agency. The DOAA is also available to advise and assist the Executive Director and other senior staff in matters related to portfolio compliance, internal investment operations and administration. Subject to administrative approval of the Executive Director, the DOAA is responsible for development and implementation of all investment financial controls, regulations and total management of investment accounting and financial functions for the agency.
The DOAA will have the following specific responsibilities, which shall include, but not be limited to:
Acts as senior advisor to the Executive Director and the Board regarding portfolio administration and policy.
Serve as senior policy formulating administrator in planning, directing, implementing and administering all aspects of financial administration for ISBI.
Serve as an expert authority in collaboration with the Executive Director in the planning and development of all aspects of investment accounting administration. Responsible for the direction, implementation and on-going administration of investment portfolio accounting policies, procedures and guidelines.
Responsible for verifying ISBI investment managers’ compliance with financial reporting mandates and conformity with ISBI financial reporting requirements to ensure that the valuation of the ISBI investment portfolio is performed in accordance with Generally Accepted Accounting Principles (GAAP).
Serves as Human Resource Officer, and Affirmative Action and Equal Employment Officer.
Responsible for staffing the Audit and Compliance Committee meetings and coordinating the participation of relevant ISBI Staff. Supervise the preparation of all Audit and Compliance materials and agendas to be submitted at meetings.
Participates in the development and implementation of policies and control procedures to provide full accountability over all assets and internal administrative and operations.
Serve as primary point of contact regarding the status of initiatives and strategic goals on investment financial issues with the Custodian Bank, Office of the Auditor General, internal audit firm, and various investment and government entities to respond to inquiries and provide substantiations regarding submitted financial information requests.
Assist in the accounting and audit responsibilities of the State of Illinois Deferred Compensation Plan.
Oversee budget submitted on an annual basis including requests for supplemental information.
Responsible for oversight of financial management, coordination of custodian bank accounting reporting and monitors these components performance to ensure policy and procedure development is consistent with Agency objectives.
Advise the Executive Director and the Chief Information Officer regarding technology needs and goals for the Agency.
Supervises Technology Officer, Public Service Administrative Fiscal Officer, Administrative Assistant and Professional Services Intern including setting goals and establishing accountability.
Other duties as required or assigned.
Requires a minimum of eight years professional experience in developing policy in financial matters and/or directing a complex investment accounting system, experience in investment, public or private accounting, auditing or financial field. Strong written and oral communication skills. Knowledge of computer networks and various applications such as Microsoft Office and Windows. Knowledge of investment policy matters and proven ability to communicate effectively. Executive management level supervisory experience in managing multiple projects. Knowledge of State government and legislative agencies.
The Illinois State Board of Investment (ISBI) manages approximately $16.6 billion for Illinois state employee defined benefit plans as well as a state employee deferred compensation Plan. ISBI is conducting a search to fill its Director of Operations, Accounting and Audit (DOAA) position. The DOAA is responsible for advising and assisting the Executive Director and other senior staff in matters r...elated to the accounting, audit, compliance, and general administration of ISBI’s operations and investment portfolio.
Please address your application to William Atwood, Executive Director, and send your materials to email@example.com.