MANAGER OF AUDIT AND FINANCE

JOB ANNOUNCEMENT

Manager of Audit and Finance

Department of Finance

Chicago Benefits Office (1 position)

Additional vacancies possible pending budget approval

Starting Salary: $112,608.00/annually

Applications for these positions will be accepted until 11:59 pm CDT on September 10, 2024.

Under general direction, manages the administration of the City's budget for health and life insurance and related benefits for the City's employees and retirees, and performs related duties as required.

ESSENTIAL DUTIES from the City job specification:

• Plans, develops, and implements policies, procedures, and systems to improve the efficiency of auditing operations, third party administrators, and vendors and to reduce insurance costs.

• Directs professional auditing staff engaged in compiling and analyzing insurance benefits cost data.

• Oversees the preparation of requests for proposals (RFPs) for insurance and benefits contracts.

• Directs the compilation of cost projection data for use in the negotiation of contracts.

• Supervises and guides the coordination of drafting and completing contracts with legal counsel and vendors.

• Negotiates price, terms, and services of benefits contracts with insurers and administrators and recommends the contract award.

• Authorizes payment to service providers for all services rendered.

• Confers with City managers on problems and concerns regarding benefits services and procedures and develops plans to resolve same.

• Performs annual annuitant healthcare cost reconciliation to determine necessary refunds.

• Develops annual Direct Pay, Cobra, and annuitant contribution rate schedules based on projected annuitant healthcare costs (prepared by an independent consulting firm).

• Directs the preparation of budgetary (e.g., annual budgets, multi-year projections) and management reports.

• Reviews and evaluates audit records and reports for expenditures and cost effectiveness.

• Directs the generation and analysis of reports for possible cost control and savings opportunities.

• Supervises, trains, and mentors staff that may include accountants, financial analysts, and auditors.

• Collects, analyzes, reports, presents, and forecasts financial data (expenditures/budget)

• Performs accounting and auditing tasks.

• Detects fraud and misuse of funds both internally and externally.

Additional duties may be required for this position.

Location: 2 N. LaSalleSt., 12 th Floor

Chicago, IL 60602

Days: Monday through Friday

Hours: 8:30 AM to 4:30 PM

THIS POSITION IS EXEMPT FROM THE CAREER SERVICE

Qualifications

Graduation from an accredited college or university with a bachelor's degree in business administration, public administration, accounting, finance, or a related degree, supplemented by five years of progressively responsible managerial experience in the negotiation, administration, and financial auditing of benefits programs; or an equivalent combination of education and experience.

Preference will be given to candidates possessing the following:

• Recent experience in healthcare financial management
• Recent supervisory experience in healthcare financial management
• Strong knowledge of accounting principles, auditing practices and financial regulations
• Strong knowledge of current benefit laws and regulations (ACA, PHSA/COBRA, RDS)
• CPA certification
• Certified Employee Benefits Specialist (CEBS) or Certified Benefits Professional (CBP) certification

SELECTION REQUIREMENTS

This position requires applicants to successfully complete an interview which will include a written exercise and/or skills assessment as part of the interview. The interviewed candidate(s) possessing the qualifications best suited to fulfill the responsibilities of the position, based on the oral and written parts of the interview will be selected.

APPLICATION EVALUATION: Initial evaluation will be based on information provided on the application and the documents submitted. Department of Human Resource staff will review applications after the final posting date. Staff will follow any and all required Employment/Hiring Plan provisions, federal, state and local laws, and Collective Bargaining Agreements when applicable. Staff will apply hiring preferences as required by the municipal code. Placement on an eligibility list is not an offer or guarantee of an interview nor employment with the City of Chicago.

COMMITMENT TO DIVERSITY: To further our commitment to hiring applicants with diverse experience the City of Chicago has adopted the following ordinances 2-74-020 and 2-74-075. The ordinances provide a preference to applicants who meet minimum qualifications and who are veterans of the Armed Forces, and/or residents of Socio-Economically Disadvantaged Areas (SEDA) and/or Chicago Public School (CPS) high school graduates to be referred to departments for consideration. These hiring preferences do not apply to bidders, as Collective Bargaining Agreements define the hiring process for bidders. For positions covered by a collective bargaining agreement, bidders will be considered before external candidates. To learn more about our hiring practices click here.

ALL REFERENCES TO POLITICAL SPONSORSHIP OR RECOMMENDATION MUST BE OMITTED FROM ALL APPLICATION MATERIALS SUBMITTED FOR CITY EMPLOYMENT.

The City of Chicago in an Equal Employment Opportunity and Military Friendly Employer.

City of Chicago

Brandon Johnson, Mayor