Finance & Compliance Analyst Position Available In Miami-Dade, Florida

Finance & Compliance Analyst 4.3 4.3 out of 5 stars 1700 Convention Center Drive, Miami Beach, FL 33139 Nature of Work This is advanced professional work of an analytical and compliance nature. The incumbent must possess the analytical skills to perform and oversee financial transactions for a large, complex public retirement system. The incumbent is also responsible for ensuring compliance with local, state and federal ordinances, laws, regulations and best practices relating to public retirement systems, public employment and public accounting. Duties require the exercise of considerable sound, independent judgment and analytical ability. The incumbent will serve as a critical line of defense for the protection of the Plan and its assets, maintaining a high degree of vigilance, confidentiality, and responsibility over Plan assets and functions. This position is being advertised by the Miami Beach Employees’ Retirement Plan (MBERP), a City of Miami Beach affiliated public retirement system. MBERP provides employee benefits, including leave accrual, retirement and health benefits, similar to those offered by the City of Miami Beach. Illustrative Examples of Essential Duties Responsible for in-depth review of banking transactions daily. Responsible for in-depth review of trust transactions daily. Responsible for managing all aspects of the payroll for the Plan’s employees on a biweekly basis, including the initial migration from a legacy program to a new system. Responsible for quarterly and annual reporting to regulatory entities for federal taxes, unemployment taxes, W-2 forms, etc. Responsible for all aspects of human resource related functions for the Plan, including serving as the primary liaison with the City’s Human Resources Department for all related matters. Coordinate background checks for Plan staff, including bankruptcy record searches. Responsible for the migration of the City’s satellite staff, including MBERP, Fire and Police Pension Plan and Visitors and Convention Authority (VCA), into the Plan’s pension software system, and updating all pertinent records on a biweekly basis. Responsible for setup, transition, maintenance, and reconciliation of administrative expenses to QuickBooks or a related system. Review biweekly active payroll upload to ensure completeness and accuracy. Manage and record leave accruals and deductions for Plan staff. Manage the disability application process, including physician referrals, requests for records, etc. Follow-up with members receiving disability benefits to ascertain if any changes regarding their condition has taken place, and certify they are not employed or otherwise in violation of the restrictions set forth by the Plan. Assist and serve as back-up for the maintenance, updating and oversight of the monthly payroll process for retired members and beneficiaries. Assist and serve as back-up for the execution of rollovers and lump sums. Perform monthly reconciliation of the payroll for retired members and beneficiaries. Perform monthly reconciliation of the rollovers and lump sum distributions. Monitor the City’s payroll on a biweekly basis for transactions impacting members at or reaching maximum years of creditable service (YCS), in order to stop, start or amend retirement contributions, as applicable. Perform employee retirement benefit calculations, and hold related meetings to explain findings and retirement options available. Responsible for the calculation of “buy-backs” for probationary, part-time, and other related periods. Responsible for the processing and review of final retirement estimates, rollovers, and lump sum distribution calculations. Record, prepare and make bank deposits on behalf of the Plan. Assist in the DROP payroll process. Perform monthly reconciliation of the DROP payroll. Assist in the election process for Board Trustees. Perform the reconciliation of annual Section 415 updates. Perform the reconciliation of annual retired member COLAs. Review and assist with the preparation and distribution of member annual employee benefit statements (EBS). Review and assist with the annual 1099-R generating, printing and distribution process Provide assistance answering telephone calls, responding to emails, tending to walk-ins, scheduling appointments, etc. Assist in the annual affidavit process. Update active, retired and beneficiary member information in the Plan’s enterprise resource planning system (ERP), including changes in marital status, beneficiary information, direct deposit account records, contact information, etc. Update and maintain salary and job codes when created or edited by the City’s Human Resources Department. Perform other related duties, as required. Minimum Requirements Bachelor’s degree in Public Administration, Business Administration, or in a course of study related to the major duties and essential functions of the position. Experience may substitute for education on a year-for-year basis. Six (6) years of experience relevant to the major duties and essential functions of the position. Part-time experience will be prorated. Must successfully pass a thorough background investigation, initially and throughout employment. Must successfully pass drug and alcohol screening, initially and throughout employment.