INDIRECT COST RATE ADMINISTRATOR

Position Overview

The Illinois Department of Children and Family Services is seeking an organized, professional, and results oriented individual to serve as Indirect Cost Rate Administrator.  Under administrative direction, this position will independently perform reviews and advanced level audit reviews encompassing the complete range of private agency operations for negotiating indirect cost rates.  The position will manage and conduct reviews of provider audit reports used for indirect cost rate proposals sent in by all private agencies and will review, compute, and analyze cost allocation procedures, working capital, current ratio, and Department revenue percentages.  This position provides a great opportunity for a motivated individual who is interested in playing a role in ensuring that DCFS implements sound fiscal policies and procedures in the administration of the agency.  DCFS offers a competitive compensation plan, excellent benefits, and a pension program.  The ideal candidate for this position will have excellent organizational skills and strong leadership skills.  We invite you to join our innovative team to help make a positive difference in the lives of the children and families of Illinois.

Essential Functions

• Serves as Indirect Cost Rate Administrator
• Manages and conducts reviews of provider budgets,audits reports, Consolidated Year End Financial Reports, and indirect cost rates sent in by all private agencies
• Composes complete and detailed audit reports regarding indirect cost rates
• Serves as full line supervisor
• Provides guidance and training in reviewing budgets with indirect cost rates
• Maintains contact with private agency accountants and/or CPA's for explanation and clarification of financial statement items
• Prepares for audits by reviewing DCFS, state, and federal policies, procedures, rules and regulations, prior audit reports, notes, applicable accounting and auditing
• Provides training to new staff regarding the indirect cost rate, budgeting process, audit process, and DCFS policies and procedures and takes part in management training
• Performs other duties as required or assigned which are reasonably within the scope of the duties enumerated above.

Minimum Qualifications

• Requires a bachelor's degree with coursework in auditing, business management, economics, computer science, general and/or cost accounting, or other related subjects.
• Requires three years of administrative experience in auditing and certification as a CIA or CPA OR four years of administrative experience in auditing

Preferred Qualifications

• Prefers a bachelor's degree in accounting.
• Prefers 5 years of professional experience in the analysis and review of financial documents and cost allocation plans according to generally accepted accounting principles in a public or business organization.
• Prefers 3 years of professional experience developing or negotiating payment rates and indirect costs rates per CFR200 in a public or business organization.
• Prefers 3 years of professional experience developing and implementing operational rate setting mandates and guidelines in a public or business organization.
• Prefers 3 years of experience supervising professional staff in a public or business organization.

Conditions of Employment

• Requires ability to pass a background check.
• Requires ability to travel in the performance of duties. Requires appropriate, valid driver's license.
• This position has been found to meet the requirements in section 4A-101 of the Illinois Governmental Ethics Act requiring the occupant/employee to file a Statement of Economic Interest. The Illinois Governmental Ethics Act (5 ILCS 420/4A et seq.) requires certain state officials and employees to file annual Statements of Economic Interest with the Office of the Secretary of State that will be made available for examination and copying by the public. All employees required to file a Statement of Economic Interest are also required to file the Supplemental Statement of Economic Interest with the Executive Ethics Commission. (See Executive Order 15-09) Fines and penalties apply to untimely filings.
•  The conditions of employment listed here are incorporated and related to any of the job duties as listed in the job

About the Agency

DCFS is deeply committed to the welfare and protection of children. Our goal is to protect children by strengthening and supporting families. In every effort, from receiving hotline calls to reaching family reunification or foster care and adoption, children and families are our focus.

As a State of Illinois Employee, you will receive a robust benefit package that includes the following:

• A Pension Program
• Competitive Group Insurance Benefits including Health, Life, Dental and Vision Insurance
• 3 Paid Personal Business Days annually
• 12 Paid Sick Days annually (Sick days carry over from year to year)
• 10-25 Days of Paid Vacation time annually - (10 days in year one of employment)
  • Personal, Sick, & Vacation rates modified for 12-hour & part-time work schedules (as applicable)
• 13 Paid Holidays annually, 14 on even numbered years
• Flexible Work Schedules (when available dependent upon position)
• 12 Weeks Paid Parental Leave
• Deferred Compensation Program - A supplemental retirement plan
• Optional Pre-Tax Programs such as Medical Care Assistance Plan (MCAP), Dependent Care Assistance Plan (DCAP)
• Federal Public Service Loan Forgiveness Program eligibility
• GI Bill® Training/Apprenticeship Benefits eligibility for qualifying Veterans
• 5% Salary Differential for Bilingual Positions
• Commuter Savings Program (Chicago only)

For more information about our benefits please follow this  link: https://www2.illinois.gov/cms/benefits/Pages/default.aspx