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The SC Public Employee Benefit Authority (PEBA) is the administrator and co-trustee of retirement and insurance programs for over half a million active and retired public employees of the State of South Carolina and their dependents.Under limited supervision, this position is responsible for performing accounting and audit functions related to the administration of the State Optional Retirement Program (State ORP).
Job duties include, but may not be limited to:
- Assisting with oversight of the State ORP in accordance with plan documents, service provider contracts and IRS/DOL regulations. Working with the four service providers to ensure a seamless participant experience while maintaining proper internal controls and participating in monthly service provider oversight meetings. Working with service providers includes outreach to employers for employment status, providing information PEBA has on file to aid in processing enrollments or distributions, and cleaning up missing, inaccurate or obsolete participant demographic data.
- Providing assistance to employers and PEBA staff regarding State ORP inquiries, including detailed analysis of contribution histories in PEBA's and service provider systems with reconciliation between the two, evaluation of participants accounts to ensure accurate setup at PEBA and the service provider, and review of historical activity by participants with their chosen service provider.
- Compiling and evaluating data to respond to Retired Educator Certificate program letter requests from State ORP members.
- Reviewing State ORP service micro-sites and forms as well as PEBA's State ORP webpages (general and open enrollment) at least quarterly to ensure accuracy/completeness of information presented. Providing recommendations for efficiencies or improvements in State ORP processes and communications/marketing materials.
- Compiling data regarding State ORP Open enrollment to allow management to evaluate trends in open enrollment activity. Compiling data regarding State ORP enrollment and participation activity after year-end close of the Retirement Systems sub-ledger. Using State ORP enrollment and participation data to prepare the annual State ORP report, which is provided by the Defined Contribution department to the four State ORP service providers to share trends in State ORP enrollment and participation.
- Working with PEBA's Budget/Finance department to coordinate payment of State ORP expenses ensuring proper authorization and documentation for all transactions.
- Coordinating responses to requests from PEBA's internal audit department. Keeping procedural documentation regarding all assigned duties current.
A bachelor's degree in accounting, audit, banking, or finance and professional experience in a related area.
Ability to analyze and interpret complex financial data and reports. Highly attentive to detail. Ability to professionally communicate both verbally and in writing. Knowledge of management and accounting principles as well as Internal Revenue Service and Department of Labor regulations pertaining to public retirement plans, including defined contribution and defined benefit plans. Proficient in Microsoft Excel, Word, and Outlook as well as Adobe Acrobat Pro. Adept at reconciling various types of financial transactions to sub ledger and/or general ledger activity. Ability to analyze and interpret complex financial data and reports. Highly attentive to detail. Ability to professionally communicate both verbally and in writing.In addition to 13 paid holidays, this position is eligible for comprehensive insurance programs, retirement plans, and a generous paid leave program.
