Financial Reporting Manager

9/20/2021 11:59 PM Eastern

Position is responsible for preparing, monitoring and maintaining financial reports concerning assets, liabilities, revenues and expenditures of the City of Indianapolis and Marion County for internal and external purposes.

***Current City County employee applicants only***

Responsible for preparation of the Comprehensive Annual Financial Reports for the City and County and prepare supporting schedules as required.

Coordinates audit activities with the City and County external auditors and all City and County agencies.

Responsible for the review and analysis of revenues, expenditures and balance sheet accounts.

Responsible for the review of computer-generated data to determine if approved accounting procedures and accuracy was followed in recording transactions.

Monitors financial activity of special projects and application of State and Federal reporting compliance.

Makes recommendations regarding improving operations and financial reporting of the city and county.

Responsible for development of management, narrative and statistical reports for Office of Finance and Management.

Analyzes complex financial data and extract and define relevant information.

Interprets data for the purpose of determining past financial performance and/or to project a financial probability.

This list of duties and responsibilities is not intended to be all-inclusive and may be expanded to include other duties or responsibilities that management may deem necessary from time to time.

Bachelor's Degree in accounting, business or related field required with four (4) to (6) years of previous experience. CPA is required. Must have at least one (1) to two (2) years of experience with a public accounting firm or internal audit function of a firm. Proficiency in the use of software application, Microsoft Office, databases, spreadsheets and word processing required. Must be able to present complex data and speak write clearly and effectively. Must possess high degree of analytical ability. Must have the ability to apply common sense understanding and deal with problems involving multiple variables.

Ability to use independent judgment is regularly utilized when there are no policies are procedures in place. Must have the ability to apply common sense understanding and deal with problems involving multiple variables.

All rates are bi-weekly.

Anthem CDHP High

Single: $28.80 EE + Spouse: $68.66 EE + Child(ren): $50.13 Family: $93.02

Anthem CDHP Medium

Single: $44.70 EE + Spouse: $106.58 EE + Child(ren): $77.81 Family: $144.39

Anthem CDHP Low

Single: $59.83 EE + Spouse: $142.67 EE + Child(ren): $104.15 Family: $193.28

Anthem Dental High

Single: $13.93 EE + Spouse: $29.66 EE + Child(ren): $33.22 Family: $52.78

Anthem Dental Low

Single: $8.04 EE + Spouse: $15.97 EE + Child(ren): $21.62 Family: $33.22

ANTHEM Vision Plan

Single: $2.80 EE + Spouse: $5.06 EE + Child(ren): $5.42 Family: $8.21

Optional Life Insurance Employee Only (rates per $1,000 per month)

Additional:

<25 $0.07

25-29 $0.07

30-34 $0.10

35-39 $0.12

40-44 $0.16

45-49 $0.27

50-54 $0.44

55-59 $0.73

60-64 $0.97

65-69 $1.61

70 + $2.49

IMPORTANT PERF UPDATE:

1. All employees hired/rehired prior to 1/1/2017 are grandfathered into PERF Hybrid plan. The Hybrid plan consists of two components:

Annuity Savings Account (ASA) -This consists of the mandatory employee contribution of three (3%) percent of compensation (made for the employee by the City), plus interest credits or earnings. You're always vested in your ASA portion - it's always yours.

Pension - The pension portion of the retirement benefit is funded by contributions made by the employer over the course of the employee's career and separate from the annuity savings account. Employees enrolled in the PERF Hybrid plan are eligible for retirement benefits at age sixty-five (65) if they have ten (10) or more years of creditable service. After June 30, 1995, employees may retire at age sixty (60) with at least fifteen (15) years of credible service or if the member's age in years plus the years of credible service equals at least 85 and the member is at least fifty-five (55) years of age. With fifteen (15) or more years of creditable service, the employee may retire as early as age fifty (50) with a reduced pension.

2. Employees hired/rehired by the City and County after 1/1/2017 will be automatically enrolled in the PERF My Choice: Retirement Savings plan. This plan is an annuity savings account (ASA) only plan and does not have a pension component. Any service that an employee has in the My Choice: Retirement Savings Plan will not count toward the service time requirements for pension eligibility in the Hybrid Plan.

With the PERF My Choice: Retirement Savings Plan, the ASA is split up into two parts:

Part one - This consists of the mandatory employee contribution of three (3%) percent of compensation (made for the employee by the City), plus interest credits or earnings. You're always vested in your ASA portion - it's always yours.

Part two - This consists of an additional variable rate contribution paid by the City toward your ASA. This variable rate contribution is currently 1% of your gross wages. Vesting in the value of the variable rate employer contribution will vary by length of participation. You are:

• 20 percent vested after 1 full year of participation
• 40 percent vested after 2 full years of participation
• 60 percent vested after 3 full years of participation
• 80 percent vested after 4 full years of participation
• 100 percent vested after 5 full years of participation

3. City Employees hired/rehired after 1/1/2017 that are members of the City AFSCME labor union can choose to enroll in either the PERF My Choice: Retirement Savings plan or the PERF Hybrid plan. Both of these plans are described above. Employees have 60 days to choose which option they want, and by state law this cannot be changed. If no choice is made, the employee will then be automatically added to the PERF My Choice: Retirement Savings plan.

The Indiana General Assembly has enacted a provision that allows public employees to make voluntary contributions in addition to the mandatory three-percent (3%) contributions. Employees may contribute up to an additional ten- percent (10%) of their compensation per pay period to the annuity savings account. This means that the maximum level of contributions to the annuity savings account under this new provision is thirteen percent (13%) of an employee's compensation per pay period.

Employees who separate from the city within their first ten (10) years of employment need to contact INPRS - PERF regarding their ASA account.

Questions relating to PERF may be directed to INPRS - PERF at:

Indiana Public Retirement System

Public Employees' Retirement Fund

One North Capitol, Suite 001

Indianapolis, Indiana 46204

(888) 236-3544