Sr. Finance Assistant

State Farm•Bloomington, IL

8d•Hybrid

About The Position

Financial Shared Services is looking to hire a Sr. Finance Assistant in Bloomington, IL. Financial Shared Services supports many areas for both State Farm employees and State Farm customers – from compensation services, expense processing, and money movement.

Requirements

High attention to detail and strong accuracy with data entry/updates
Experience handling sensitive information (PII/financial data) with discretion
Strong process discipline: ability to follow procedures, checklists, and controls
Customer/agent service mindset: professional communication, issue resolution
Strong organizational skills while working on multiple different assignments simultaneously
Ability to work in a fast-paced environment and remain composed under pressure
Teamwork/effective team communication and a positive work mindset
Innovator: openness to spark positive process transformation while working through organizational shifts
Applicants are required to be eligible to lawfully work in the U.S. immediately; employer will not sponsor applicants for U.S. work authorization (e.g. H-1B visa) for this opportunity

Nice To Haves

Experience with Rumba Host/Mainframe, Coupa, Control D, Adobe, Microsoft Suite (Word, Excel, Outlook, Teams)
Prior experience in payments, payroll operations, banking operations, ACH, or compensation administration

Responsibilities

Process direct deposit updates for both active and inactive agents, ensuring the accurate setup, verification, and maintenance of agents’ banking information used for commission and compensation payments
Research returned deposits and process replacement entries/updates, troubleshooting other payment issues related to bank information
Balance monthly controls to reconcile financial accounts, maintaining audit ready documentation
Follow compliance procedures for handling sensitive banking and identity information
Manage mailbox communication with agents/sales leaders to process various requests and perform problem resolution; escalating exceptions, complex cases, and suspected issues to the appropriate team(s)
Assists with the completion of subpoenas and legal requests, coordination of benefits, and military pay
Review of requested materials sent by Agency to verify completion/accuracy
Utilize a check list to assess agents’ use of internal controls to manage Premium Funding Account risks
Work closely with key business partners, including Human Resources & Development, Legal, Agency, and Enterprise Technology

Benefits

Compensation is based on our standard 38:45-hour work week
Potential starting salary range: $45,000 - $55,000
Starting salary will be based on skills, background, and experience
High end of the range limited to applicants with significant relevant experience
Potential yearly incentive pay up to 6% of base salary
Annual raise and bonus
Robust health and wellbeing programs
State Farm pays most of your healthcare premium
Multiple healthcare plan options, including a high deductible plan
All medical plans provide 100% coverage for in-network preventative care
Access to vision, dental, telemedicine, 24/7 mental health professionals
Educational benefits like industry leading training programs
Top-notch tuition assistance programs
Employee resource groups
Mentoring
Fertility/IVF/adoption assistance
College coaching
National discount programs
Interactive monthly financial workshops
Free financial coaching
State Farm Federal Credit Union
Generous time off policies
Opportunity to initially earn up to 20 days annually plus parental leave
Paid holidays
Celebration day
Life leave (40 hours/year)
Bereavement leave
Community service/education support days
Matching Gift Program
Good Neighbor Grant Program
Employee Assistance Fund
Free financial advisors
401(k) plan with company contributions of up to 7% of your salary