Rate Analyst jobs in Springfield, IL

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.

Job Responsibilities

1. Serves as Indirect Cost Rate Administrator, independently performs reviews and advanced level audit reviews encompassing the complete range of private agency operations for negotiating indirect cost rates under the Grant Accountability and Transparency Act throughout the state

2. Manages and conducts reviews of provider audit reports, Consolidated Year End Financial Reports, and indirect cost rates sent in by all private agencies

3. Composes complete and detailed audit reports regarding indirect cost rates

4. Provides guidance and training in reviewing budgets with indirect cost rates

5. Maintains contact with private agency accountants and/or CPA’s for explanation and clarification of financial statement items

6. Prepares for audits by reviewing DCFS, state, and federal policies, procedures, rules and regulations, prior audit reports, notes, applicable accounting and auditing standards, and other relevant materials

7. 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

8. Performs other duties as required or assigned which are reasonably within the scope of the duties enumerated above

Minimum Qualifications

1. Requires a bachelor's degree with coursework in auditing, business management, economics, computer science, general and/or cost accounting, or other related subjects

2. 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

1. 3 years of experience negotiating indirect cost rates in a public or business organization

2. 3 years of professional experience in the review and analysis of cost allocation procedures

3. 3 years of experience conducting audits in a public or business organization

4. 3 years of professional management experience in the accounting, auditing, or financial area of a public or business organization

5. 3 years of professional experience working with accounting and auditing systems in a public or business organization

6. 3 years of professional experience serving in a liaison capacity with accountants or financial staff for a public or business organization

Conditions of Employment

1. Requires the ability to pass a background check

2. Requires possession of a valid driver’s license and ability to travel

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.  The Division of Budget and Finance plays a supporting role in the Department’s operations by working to ensure the agency’s financial stability and implementation of sound budgetary practices.