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  • Full Time
  • Chicago, IL
  • $95,000-$105,000.

Website State of Illinois - Illinois Power Agency

The Illinois Power Agency is seeking a Senior Accountant. Under the direction of the Agency CFO, the Senior Accountant will be responsible for knowing and applying advanced accounting theory and generally accepted accounting principles (GAAP) and accounting knowledge, and leadership skills to develop and implement agency or statewide accounting policies, procedures, and systems.

The Illinois Power Agency is an independent State Agency created in 2007 to develop annual electricity procurement plans and renewable resources procurement plans and to conduct procurement events to ensure adequate, reliable, affordable, efficient, and environmentally sustainable electric service for the default supply customers of Illinois electric utilities. The Agency also conducts procurements and administers programs that promote the development of renewable energy resources in accordance with the State Renewable Portfolio Standard. For more information about the Illinois Power Agency, please refer to:

Duties and Responsibilities
• Oversee the process of recording all Agency receipts and expenditures in accordance with GAAP, government funds accounting, and government auditing standards board (“GASB”).
• Ensure the integrity, accuracy, and control of all receipts and expenditures related to the Agency’s three funds.
• Prepare the monthly financial management review package, which includes the preparation of required reconciliations, trial balance reports, actual versus budget revenue and expenditure analysis, and preparation of Agency financial statements (i.e., balance sheet, income statement, and various supporting schedules).
• Responsible for all Agency accounting and financial related compliance requirements in accordance with applicable State laws, rules, and regulations.
• Assist the CFO with month-end and year-end close activities and compliance requirements (e.g., annual fiscal control and internal auditing, “FCIAA” certification process).
• Coordinate annual financial audit engagements and bi-annual compliance audit engagements.
• Complete other duties as assigned by the CFO.

Minimum Qualifications
• Bachelor’s degree from an accredited four-year college of university with a major in Accounting, Finance, Business Administration, or a related field and four (4) years of progressively responsible accounting and financial reporting experience is required, or any equivalent combination of training and experience.
• An active CPA license strongly preferred.
• Three to five years of experience working in an accounting capacity where you used an enterprise resource planning (ERP) system (e.g., SAP), coupled with a desktop accounting and financial reporting software application (e.g., QuickBooks Pro) to manage the daily workflow of recording of Agency receipts and expenditures.
• Experience within a government accounting and/or financial reporting department or function is highly desirable.
• Experience with in-depth and complex account and cash reconciliations across multiple
accounting software packages operating concurrently preferred.
• Ability to maintain the General Ledger which includes compiling documents for substantiating business transactions that support the preparation of Agency monthly, quarterly, and annual financial statements.
• Ability to adapt to changing priorities and work effectively within a dynamic and fast-paced environment.
• Organized and detail‐oriented with a strong ability to absorb and process information quickly.
• Excellent project management skills and ability to meet deadlines.
• Proficiency using MS Office 365 applications including Word, Excel, PowerPoint, SharePoint, and Outlook.
• Exceptional verbal, written, and presentation skills.
• Experience with preparing workpapers for external auditors.
• Experience in the energy sector (i.e., electricity procurement and/or renewable energy programs desirable but not required).

The Senior Accountant is prohibited from: (i) owning, directly or indirectly, 5% or more of the voting capital stock of an electric utility, independent power producer, power marketer, or alternative retail electric supplier; (ii) being in any chain of successive ownership of 5% or more of the voting capital stock of any electric utility, independent power producer, power marketer, or alternative retail electric supplier; (iii) receiving any form of compensation, fee, payment, or other consideration from an electric utility, independent power producer, power marketer, or alternative retail electric supplier, including legal fees, consulting fees, bonuses, or other sums. These limitations do not apply to any compensation received pursuant to a defined benefit plan or other form of deferred compensation, provided that the individual has otherwise severed all ties to the utility, power producer, power marketer, or alternative retail electric supplier.

This is a merit compensation position. Position Salary Range: $95,000-$105,000. Salary is commensurate with qualifications and experience.

o apply, please submit a cover letter that describes your interest in and qualifications for the position, resume, and three professional references along with your online application to

Applications without a cover letter describing the applicant’s relevant experience and why the applicant would be a strong candidate for this position will not be reviewed for consideration.

No phone calls please.

The Illinois Power Agency is an Equal Opportunity/Affirmative Action employer

To apply for this job please visit

Application Deadline: April 28