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Accountant (Benefits)
3 months ago
In order to qualify for this position, resumes must provide sufficient experience and/or education, knowledge, skills, and ability to perform the duties of the position.
Applicant resumes are the key means for evaluating skills, knowledge, and abilities as they relate to this position therefore, applicants are encouraged to be clear and specific when describing experience.
Duties for this position include but are not limited to:Validates and reconciles the financial activities of third-party administrators for the CNIC NAF Retirement and Benefit Programs (e.g., Federal Employees Retirement System (FERS), Civil Service Retirement System (CSRS), CSRS Offset, Thrift Savings Plan, Defined Contribution/401(k), NAF Retirement) to include reconciliations for both NAF and appropriated fund (APF) staff.
Provides guidance to ensure all benefits plans are compliant with regulations and plan directives.Controls and maintains all financial records related to administration of employee benefit programs and prepares and maintains a variety of financial reports and statistical analysis of the employee benefit programs.
Develops and prepares the annual employee benefits preliminary budget; performs analysis and reviews budget data to financial data to ensure benefit revenue (downloads) is sufficient to cover benefit costs; and evaluates overall financial effectiveness of retirement programs.
Performs complex reconciliations to provide internal control, assure accuracy of benefit payments to benefit providers, and validate the accuracy of related transactions on all general ledger accounts.
Reviews payroll bi-weekly pension data for accuracy, identifies discrepancies, determines probable causes, and proposes solutions.Produces, maintains, and submits FERS contribution reports for accurate and timely payments.
Manage invoicing and payment reconciliations for benefit services provided to the United States Naval Academy.
Analyzes data and/or prepares reports (e.g., pension earnings) for internal and/or external usage.