Assistant controller • chicago il
The Controller will oversee all accounting and nancial reporting functions for a fraternal benet.This role ensures nancial integrity, regulatory.Bachelor's degree in Accounting, Finance, or related... Show more
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The average salary range is between $ 95,000 and $ 135,000 year , with the average salary hovering around $ 110,000 year .
The average salary range is between $ 79,515 and $ 135,000 year , with the average salary hovering around $ 97,452 year .
The Controller will oversee all accounting and nancial reporting functions for a fraternal benet
organization operating under Illinois regulations. This role ensures nancial integrity, regulatory
compliance, and stewardship of member assets in alignment with the organization's mission and values.
Key Requirements:
• Bachelor's degree in Accounting, Finance, or related eld (CPA strongly preferred)
• 7–10+ years of progressive accounting experience, with at least 3 years in a leadership role
• Experience with insurance, fraternal benet societies, or regulated nancial entities preferred
• Strong knowledge of statutory accounting principles (SAP) and GAAP
• Familiarity with Illinois Department of Insurance regulations and reporting requirements
• Proven ability to manage audits, nancial statements, and internal controls
• Experience overseeing budgeting, forecasting, and investment accounting
• High level of integrity and ability to handle condential nancial and member data
• Strong leadership, communication, and team management skills
Preferred Qualications:
• Experience working with membership-based or nonprot organizations
• Understanding of reserve accounting and actuarial coordination
• Prociency in accounting systems and nancial reporting tools (Sage, SOVOS)
Summary of Duties
This role involves managing a combination of daily, weekly, monthly, quarterly, annual nancial, payroll,
and administrative tasks to ensure accurate accounting, reporting, and compliance.
Daily and Weekly responsibilities include monitoring bank activity, analyzing cash positions, and
reconciling disbursements with accounting systems. The role also involves processing payroll (bi-
weekly), preparing related reports, handling annuity tax payments, and maintaining accurate records for
claims, transfers, and employee benet updates. Additional duties include reviewing bank safeguards
(such as positive pay), managing stop payment requests, updating trust fund interest worksheets, and
maintaining documentation for internal reporting.
Monthly/Quarterly/Annual responsibilities focus heavily on nancial reconciliation and reporting.
These include processing pension payments, calculating and tracking annuity interest and investment
activity, reconciling claims and bank accounts, and balancing payroll and investment accounts across
multiple nancial institutions. The role also requires preparing journal entries, trial balances, and
nancial reports, as well as verifying transactions such as voided checks and investment payments.
Additional monthly tasks involve reviewing invoices, maintaining nancial statements and records,
coordinating with internal teams and external vendors, and ensuring all documentation is properly led.
The position also supports compliance and audit readiness by verifying data accuracy across systems
and preparing required reports related to claims, taxes, and annuities.
Overall, this role ensures the accuracy, integrity, and timely processing of nancial and payroll operations
while supporting broader accounting and reporting functions
