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.
This full-time position is based in Champaign, Illinois, and reports to the executive director.
The Chief Financial Officer (CFO) is responsible for overseeing the financial activities of the entire company. The purpose of this position is to plan, manage and lead the financial reporting and controls, tax reporting, University/college payroll and contribution reporting, system planning and budgeting, system appropriations, and develops policies that provide compliance with applicable state and federal laws, accounting principles, rules, and policies of the Board of Trustees.
Essential Duties and Responsibilities
The CFO will serve 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 the applicable state and federal laws, the Illinois Compiled Statutes, and the rules, policies and procedures of the SURS Board of Trustees and managing the financial risk
- Manage the preparation of the monthly and annual financial statements in compliance with generally accepted accounting principles and applicable state and federal laws
- Manage or prepare compliance/regulatory reports and correspondence
- Assist in the ongoing monitoring of the DC plan investment managers and investment options
- Responsible for SURS Employer payroll and contribution processing
- Manage all aspects of the actuarial responsibilitie
- Support the preparation of the actuarial detail sent to the actuary for the annual valuation report and actuarial studies
- Assist in the preparation of the presentation to the SURS Board of Trustees of the actuarial valuation report and related board certification of state contributions
- Review of the actuarial impact of proposed legislation
- Act as the procurement officer for the system
- 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
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SURS is an Equal Opportunity Employer.