Accountant/Fiscal Analyst - Retirement Benefit Payments

Job Responsibilities

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 general supervision, this position performs professional duties in the analysis and maintenance of payroll accounts, refund payments, group life insurance payments, retiree death payments and all manual adjustments to annuitant payroll records.

Job Duties Include

• Analyzing requests for post-retirement beneficiary changes by approving or denying 7201 Retired Member Change of Beneficiary Forms based on statutory authority governing each system, obtaining updated benefit estimates if option change is selected, communicating with retired members and applying appropriate changes to automated payment system. Forwards supportive documents of changes made to Quality Assurance for verification of accuracy and filing in member's imaged records.
• Analyzing and calculating overpayment of benefits populating in the Z Receivable Browse. Determining accuracy of amount and reason overpaid to establish valid annuity receivables. Communicating and coordinating with other departments as necessary to resolve issues. Communicating with overpaid payees via phone call and written to re-payment plan. Taking necessary actions to collect in the event payee fails to respond. Assisting Customer Contact Center with issues and questions regarding overpaid benefits.
• Responding to inquiries and requests via 7403 Retired Member Information Request Forms, e-mails and phone calls from staff, members, and employers in a timely manner. Evaluating and reviewing member accounts to determine appropriate action. Adjusting member retirement and payee histories, reinstates and suspends, performs appropriate calculations to update current payroll records for various annuitant options.
• Monitoring and maintaining disability earning limitations and other approved exceptions, to include reviewing and making appropriate adjustments in CRIS system. Verifying the accuracy of annuity overpayments; analyzes and adjusts retired member payroll records and annuities. Communicating with members to schedule a payment plan.
• Monitoring and maintaining service earnings limitations. Reviewing and making appropriate adjustments in automated payment system, communicating with members to set up payment plan and follow up with appropriate correspondence.
• Analyzing and researching returned EFT transactions on a basis daily and processing EFT recalls weekly using on-line Wells Fargo CEO and reports from automated payment system. Reviewing daily and weekly reports and determining appropriate adjustments to be made in automated payment system, issuing replacement checks and related correspondence as necessary. Communicating results of each recall to appropriate work group. Compiling and providing monthly summary of all EFT return and recall activity to Financial Accounting. Monitoring Wells Fargo CEO fraud manager on a daily basis.
• Assisting other Adjustments staff with high volume projects as needed, to include reviewing returned correspondence, returned 1099s, and outstanding check letters.
  
  

Minimum And Additional Requirements

A bachelor's degree in accounting, finance, business, or a related field. An equivalent combination of education and related experience may be substituted for the required degree.

Strong ability to interpret and analyze related data, the ability to communicate effectively, and the ability to understand apply policies and legislation governing the South Carolina Retirement System.

Preferred Qualifications

A bachelor's degree in accounting, finance, business, or a related field AND at least two years of relevant work experience.

Additional Comments

In addition to 13 paid holidays, this position is eligible for comprehensive insurance programs, retirement plans, and a generous paid leave program.

Benefits For State Employees

The state of South Carolina offers eligible employees generous benefits, including health and dental insurance; retirement and savings plan options; and paid vacation and sick leave. Plus, work-life balance programs such as telecommuting and flexible work schedules are available to employees of some state agencies.

Insurance Benefits

Eligible employees may enroll in health insurance, which includes prescription coverage and wellness benefits. Other available insurance benefits include dental, vision, term life insurance, long term disability and flexible spending accounts for health and child care expenses.

Retirement Benefits

State employees are also offered retirement plan options, including defined benefit and defined contribution plans. Additionally, eligible employees may elect to participate in the South Carolina Deferred Compensation Program, which is a voluntary, supplemental retirement savings plan offering 401(k) and 457 plan options.

Workplace Benefits

State employees may also be eligible for other benefits, including tuition assistance; holiday, annual and sick leave; and discounts on purchases, travel and more.

Note: The benefits above are available to most state employees, with the exception of those in temporary positions. Employees in temporary grant and time-limited positions may be eligible for all, some or none of these benefits as benefits are associated with each position type. For these positions, contact the hiring agency to determine what benefits may be available.

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At the time of application, do you possess a bachelor's degree in accounting, finance, business, a related field OR an equivalent combination of education and related experience may be substituted for the required degree?

• Yes
• No
• Required Question