The State Universities Retirement System of Illinois (SURS) is one of five state-funded retirement plans, serving 61 employers (public universities and colleges) and more than 227,000 members – both annuitants and active members. SURS provides retirement, survivor, disability and death benefits to its members and their families. Currently SURS employs 130 individuals at its Champaign and Naperville offices.
The chief financial officer (CFO) reports directly to the executive director and supervises a staff five employees.
Essential Duties and Responsibilities
The CFO serves as a resource to the board of trustees, executive director, administration, managers and employees. Key responsibilities of the position include, but are not limited to:
- Direct responsibility for planning, directing and managing the day-to-day operations of the Finance Division in compliance with applicable state and federal laws, the Illinois Compiled Statutes, and the rules, policies and procedures of the SURS Board of Trustees
- Acting as the procurement officer for the system
- Submission of all tax payments and preparation of all tax statements and reports for the system
- Managing financial risk
- Managing the preparation of the monthly and annual financial statements in compliance with generally accepted accounting principles and applicable state and federal laws
- Managing and preparing compliance/regulatory reports and correspondence
- Assisting in the ongoing monitoring of the defined contribution (DC) plan, investment managers and investment options
- Executing SURS employer payroll and contribution processing
- Managing all aspects of the actuarial responsibilities
- Supporting the preparation of the actuarial detail sent to the actuary for the annual valuation report and actuarial studies
- Assisting in the preparation of the presentation to the SURS Board of Trustees of the actuarial valuation report and related board certification of state contributions
- Reviewing the actuarial impact of proposed legislation
- Bachelor’s degree from an accredited college or university in Accounting, Finance or Business – advanced degree preferred
- Certified Public Accountant designation
- Minimum of 10 years’ experience in public pension, state government or higher education accounting office, or related experience
- Minimum of five years’ experience at the executive management level in pension fund administration, higher education finance or related experience
- Minimum of five years’ experience in managing, developing and motivating staff
- Excellent verbal, analytical, organizational and written skills
Apply for the this Position
This full-time position is based in Champaign, Illinois.
SURS is an Equal Opportunity Employer.