Financial Compliance Analyst I/II (PMDA I/II, Grade 21/25)

About the Position

Please note: The salary range above represents this position’s earning potential. The anticipated hiring range for this position will be based on the candidate’s qualifications and experience.

Financial Compliance Analyst I, (PMDA I, Grade N21): $70,556 - $89,910
Financial Compliance Analyst II, (PMDA II, Grade N25): $83,556 - $112,925

WHO WE ARE
The mission of the Montgomery County Employee Retirement Plans organization is to manage prudent investment programs for the members of the Employee Retirement Plans and their beneficiaries. Our three divisions – Investment, Financial, and Member Services – work together and within a fast-paced and deadline-driven environment to provide a wide variety of services and work products. Our teams perform advanced-level analytical for multiple defined contribution/benefit retirement plans totaling approximately $7B and provide in-depth customer service to over 20,000 plan members consisting of current employees, retirees, and other beneficiaries.

WHO WE ARE LOOKING FOR
Montgomery County Employee Retirement Plans (MCERP) is seeking a Financial Compliance Analyst (Performance Management and Data Analyst I or II)who is keenly interested in working ina high-volume and fast-paced work environment aimed to serve our local government and workforce. This position does not focus on computer programming or coding.

The ideal candidate should possess a strong ability to learn quickly, an analytical mindset, keen attention to detail, and the ability to manage complex tasks and prioritize effectively. They will be responsible for activities that enhance business effectiveness and drive continuous improvements in process efficiency related to the County's defined contribution and defined benefit retirement plans.

Highly successful employees within MCERP:

• have strong time management, problem solving, and organizational skills.
• can work independently and reliably within a detail oriented and deadline driven environment.
• apply their considerable knowledge of and experience working with public pension and defined contribution retirement plans.
• communicate professionally and excel at explaining complex, technical, or financial information to cross-department teams and participating agencies.
• effectively manage a wide portfolio of responsibilities, projects, and competing priorities.

What You'll Be Doing

This position is responsible for performing the compliance monitoring of the retirement benefit process of the Montgomery County Employee Retirement Plans to increase business effectiveness and continually improve process efficiency. You will assist in processing bi-weekly contributions submissions, support the monthly pension payroll, and manage various projects such as the annual ERS/LTD2 disability offset audits, actuarial reports, and COLA. Key responsibilities include, but are not limited to:

• Audit supporting documentation of retiree application to ensure payment accuracy and compliance with the County guideline
• Review and upload employee retirement contributions from participating agencies, and resolve discrepancies related to eligible wages, missed earnings, and other regulatory compliance issues.
• Conduct audits of disability income verification and retiree records for compliance with County code
• Assist actuary by reconciling data, resolving inconsistencies and conducting data validation.
• Handle the ongoing demands of coordinating Oracle and PeopleSoft system administration related to changes, testing, recommendations for program updates, etc.
• Implement control improvement plans for any gaps identified, changes in process, and audit/ compliance requirements.

Minimum Qualifications

Education: Graduation from an accredited college or university with a Bachelor's Degree in Information Systems, Information Technology, Computer Science, Operations Research, Business Administration, Economics, Public Administration, Public Policy, Management, Finance, Statistics, Engineering or related field.

Experience:
Financial Compliance Analyst I, (PMDA I, Grade N21): Two (2) years of professional experience performing data analysis and interpretation, program evaluation and/or process improvement in an academic, data administration or business data analytics environment.

Financial Compliance Analyst II, (PMDA II, Grade N25): Three (3) years of professional experience performing data analysis and interpretation, program evaluation, and/or process improvement in an academic, data administration or business data analytics environment.

Equivalency: (1) An equivalent combination of education and experience may be substituted.
(2) Possession of a graduate degree in one of the above fields may be substituted for one year of the required experience.

Preferred Criteria, Interview Preferences

• Bachelor's degree from an accredited college or university in Business Administration, Accounting, Finance, Economics or another field that provided a strong foundation in the area(s) of assignment.
• Professional experience in the day-to-day administration of employee retirement plans (defined contribution plans and defined benefit plans).
• Experience in processing monthly pension payroll and related processes.
• Experience with complex compliance auditing, preferably retiree and disability records for compliance with the Montgomery County Code.
• Experience working with Oracle and/or Peoplesoft systems and demonstrated proficiency in Microsoft Excel (pivot tables, VBA, and automation) to maintain databases and perform complex financial analysis.
• Professional experience performing data analysis and process improvement.
• Lean Six Sigma Green Belt Certification.

IMPORTANT INFORMATION

The Office of Human Resources (OHR) reviews the minimum qualifications of all applicants, irrespective of whether the candidate has previously been found to have met the minimum requirements for the job or been temporarily promoted to the same position. This evaluation is based solely on the information contained in the application/resume submitted for this specific position.

Montgomery County Government(MCG) is an equal opportunity employer, committed to workforce diversity. Accordingly, as it relates to employment opportunities, the County will provide reasonable accommodations to applicants with disabilities, in accordance with the law. Applicants requiring reasonable accommodation for any part of the application and hiring process should email OHR at Hiring@montgomerycountymd.gov. Individual determinations on requests for reasonable accommodation will be made in accordance with all applicable laws.

MCG also provides hiring preference to certain categories of veterans and veterans/persons with a disability. For more information and to claim employment preference, refer to the Careers webpage on Hiring Preference.

All applicants will respond to a series of questions related to their education, relevant experience, knowledge, skills, and abilities required to minimally perform the job. The applicant's responses in conjunction with their resume and all other information provided in the employment application process will be evaluated to determine the minimum qualifications and preferred criteria or interview preference status. Based on the results, the highest qualified applicants will be placed on an Eligible List and may be considered for an interview. Employees meeting minimum qualifications who are the same grade will be placed on the Eligible List as a "Lateral Transfer" candidate and may be considered for an interview.

This will establish an Eligible List that may be used to fill both current and future vacancies.

If selected for consideration for this position, you may be required to provide evidence that you possess the knowledge, skills, and abilities indicated on your resume.

Montgomery County Ethics Law: Except as provided by law or regulation, the County's "Public Employees" (which does not include employees of the Sheriff's office) are subject to the County's ethics law including the requirements to obtain advanced approval of any outside employment and the prohibitions on certain outside employment. The outside employment requirements of the ethics law can be found at 19A-12 of the County Code. Additional information about outside employment can be obtained from the Ethics Commission website.