What are the responsibilities and job description for the INVESTMENT ACCOUNTING-INTERN position at illinois?
Agency: Teachers' Retirement System of the State of Illinois
Closing Date/Time: 04/11/2025
Salary: $15/hour
Job Type: Hourly
County: Sangamon
Number of Vacancies: 1
****************A RESUME IS REQUIRED FOR THIS JOB POSTING****************
Please attach a DETAILED Resume/Curriculum Vitae (CV) to the MY DOCUMENTS section of your application. You WILL NOT be considered for the position if you attach a CMS100, CMS100b or any other document that is not a Resume or CV.
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.
Job Summary
Under the direction of the Investment Accounting Manager, the summer intern performs analysis and audits of investment activity, assists the investment operations/accounting department in daily monitoring of transactions generated by the custodian and investment managers and participates in meetings conducted by Investment Officers performing reviews and due diligence. Report preparation and analyses of external reports will be assigned as well as maintenance of database entries.
Examples of Projects
• Validate fee payments: Input multiple sources of data into Excel spreadsheet, research, and review fee contract terms, calculate fee and validate Investment Manager invoices and reporting.
• Fee analysis: Prepare fee accrual spreadsheets, update fee databases, and reconcile accounting entries
• Log and compare quarterly reports to capital account statements related to Alternative Investments. Variances must be analyzed.
• Perform cash audits to verify proper documentation and approvals.
• Retrieve and record manager information regarding proxy voting and soft dollar purchases.
• Audit and record files for monthly Investment Manager reconciliations.
• Review, summarize and organize documents according to TRS retention policy.
• Attend quarterly meetings/updates between Investment Managers and TRS Investment Officers, as time permits. Observe manager’s insight on future market expectations and economic issues.
• Attend Operating Committee meetings to attain understanding of the investment decision-making process (manager search, selection and final approval, funding), as time permits.
Minimum Requirements
• Must be currently enrolled in a degree program in or related to finance, investments, or accounting
• Must have a graduation date no later than May 2026
Work Hours: 8:30-4:30
Work Location: 2815 W. Washington St., Springfield, IL 62702-3397
Agency Contact: cwalls@trsil.org
Posting Group: Fiscal, Finance & Procurement
Agency statement: TRS provides retirement benefits for teachers who are employed by all Illinois public common and charter school districts located outside the city of Chicago. The Illinois Pension Code contains the laws relating to our creation, benefits, and administration
The main form of communication will be through email. Please check your “junk mail”, “spam”, or “other” folder for communication(s) regarding any submitted application(s). You may receive emails from the following addresses:
- donotreply@SIL-P1.ns2cloud.com
- systems@SIL-P1.ns2cloud.com
Salary : $15
