Who we are?Indiana Public Retirement System (INPRS') is among the largest 100 pension systems in the United States. INPRS serves the needs of approximately 473,000 members and retirees representing approximately 1,244 employers, including public universities, school corporations, public safety, municipalities and state agencies. The Indiana Public Retirement System is a public pension fund who manages approximately over $50 billion in assets, making it one of the largest in the United States. We are located in the heart of the city, in downtown Indianapolis, near the circle & across the street from our monumental state house. This internship will allow a flexible (hybrid) work arrangement. Why join?INPRS' believes that people are the foundation of our success. It takes people with different backgrounds, ideas, and strengths to be successful. Balance in life is important. We strive to have a flexible and supportive environment while not sacrificing service to our members. We pride ourselves by modeling a collaborative, diverse and inclusive environment for our employees. Our mission. As fiduciaries, educate stakeholders, collect necessary contributions, and prudently manage member assets to deliver promised defined benefit and defined contribution benefits and services . Your Impact:INPRS has a great experience building opportunity for a student seeking an Accounting, Finance, or business-related degree. INPRS Finance Department will train the intern for the following responsibilities: maintaining accounting records, reconciling accounts, and resolving discrepancies in accordance with the organization's policies and procedures. The position reports to and will be mentored by the Controller and/or Senior Finance Manager.Essential Duties:
- Performs daily reconciliations of employer and member contributions from source system to the external recordkeeper
- Prepares daily cash funding requests and analysis
- Prepares periodic account reconciliations for specific processes and general ledger accounts
- Analyzes and resolve differences in a timely and efficient manner
- Prepares journal entries with appropriate supporting documentation
- Performs related duties or special projects as assigned
- Prepares schedules for monthly and annual reporting
Job Requirements:
- Basic knowledge of the theories, principles and practices of accounting and auditing standards
- General knowledge of organization, functions, goals and purposes of department and agency
- Good problem solving, analytical, mathematical and research skills
- Good organizational and time management skills
- Ability to set priorities, work under pressure of formal schedules and deadlines
- Attention to detail with high degree of accuracy
- Follows policies set by the Finance department without reminder
- Ability to develop and maintain effective work relationships
- Good written and verbal communication skills
- Proficient in Microsoft Excel and Word
- Good understanding of internal controls and ability to implement controls
Experience and Qualifications:
- Working towards a Bachelor's degree in accounting, Finance or business-related degree
INPRS Perks?
- Competitive paid internship
- Hybrid work schedule (in-office & remote)
- Participation in Governor's Summer Internship Program; meet the Governor of Indiana, agency speakers, and community service opportunities
- INPRS intern engagement activities
- Flexible hours; up to 37.5 hours weekly
- Employer paid parking
If you are interested in this position, please submit your application and resume for review. For more information about our organization, please visit our INPRS Careers Page: This position is not eligible for H-1B or any other kind of temporary or permanent sponsorship for work authorization by the Indiana Public Retirement System. Therefore, if you will require sponsorship from us for work authorization now or in the future, we cannot consider your application at this time.We are an Equal Opportunity Employer. The Indiana Public Retirements System (INPRS) Equal Opportunity Employer and is committed to recruit, select, develop, and promote employees based on individual ability and job performance. Our policy is to provide equal employment opportunity to all people in all aspects of employer-employee relations without discrimination because of race, color, creed, religion, sex, national origin, ancestry, age, sexual orientation, gender identity, physical or mental disability, or veteran status. We will comply with the spirit as well as the letter of all applicable state and federal laws.