TRUST FUND SENIOR ACCOUNTANT

​Agency: Department of Employment Security
Class Title: ACCOUNTANT ADVANCED - 00133 
Skill Option: None 
Bilingual Option: None 
Closing Date/Time: 02/07/2025
Salary: Anticipated Starting Salary $5,179 monthly; Full range $5,179 - $7,341 monthly
Job Type: Salaried
Category: Full Time 
County: Cook
Number of Vacancies: 2
Plan/BU: RC062

 

 

 

This position is a union position; therefore, provisions of the relevant collective bargaining agreement/labor contract apply to the filling of this position.

 

All applicants who want to be considered for this position MUST apply electronically through the illinois.jobs2web.com website. State of Illinois employees should click the link near the top left to apply through the SuccessFactors employee career portal.

Applications submitted via email or any paper manner (mail, fax, hand delivery) will not be considered.

 

Posting Identification Number 

44158 

 

 

Why Work for Illinois?

 

Working with the State of Illinois is a testament to the values of compassion, equity, and dedication that define our state. Whether you’re helping to improve schools, protect our natural resources, or support families in need, you’re part of something bigger—something that touches the lives of every person who calls Illinois home.

 

No matter what state career you’re looking for, we offer jobs that fit your life and your schedule—flexible jobs that provide the gold standard of benefits. Our employees can take advantage of various avenues to advance their careers and realize their dreams. Our top-tier benefits and great retirement packages can help you build a rewarding career and lasting future with the State of Illinois.
 

 

Position Overview

The Illinois Department of Employment Security (IDES) is seeking an organized, professional, and results oriented individual to serve as a Trust Fund Senior Accountant. Responsibilities include reconciliation of and reporting on agency accounts pertaining to the Unemployment Insurance Trust Fund (UTF) in compliance with Generally Accepted Accounting Principles (GAAP), federal guidelines, and Illinois Comptroller's Office regulations and related ledgers, ensuring that all accounting systems and subsystems are in balance and consistent with Generally Accepted Accounting Principles (GAAP). This position provides a great opportunity for someone who has a strong knowledge of creating journal entries, maintaining general ledgers and performing financial analysis and is dedicated to ensuring compliance with Generally Accepted Accounting Principles (GAAP), Federal Guidelines, and State of Illinois Comptroller's Office regulations. The ideal candidate for this position will have extensive experience maintaining ledgers for large funds, preparing accrual journal entries, and performing account reconciliations. IDES offers a competitive compensation plan, excellent benefits, and a pension program. We invite you to join our innovative team to help make a positive difference in the lives of Illinois employers and job seekers.

Essential Functions

• Under direction, serves as a Trust Fund Senior Accountant for the Illinois Department of Employment Security (IDES)
• Reconciles Unemployment Insurance (UI) Clearing Account deposits and UI Benefit Account withdrawals to Unemployment Insurance Trust Fund (UTF) transactions
• Performs reconciliations of agency’s Unemployment Insurance Trust Fund (UTF) accounting system and related ledgers, ensuring that all accounting systems and subsystems are in balance and consistent with Generally Accepted Accounting Principles (GAAP), Comptroller's Office regulations and all relevant state and federal guidelines
• Prepares annual accrual journal entries for entry into the financial reporting system of the Illinois Office of the Comptroller (IOC)
• Reconciles the total deposits in the Unemployment Insurance (UI) Clearing Account to the total money allocated in GenTax
• Prepares schedules and support documentation for use in annual determination of the State Experience Factor
• Reviews manual checks prepared for issuance prior to submission for approval to the Manager
• Maintains accounting records for the collection of Accounts Re