Deferred Compensation Analyst II
About The Position
The Personnel Cabinet offers the great opportunity to work with and serve state agencies, employees and citizens across the Commonwealth. The Personnel Cabinet's mission is to provide leadership and guidance to attract, develop, motivate, and retain a talented, diverse workforce that provides outstanding service to state agencies and citizens of the Commonwealth; foster an understanding of and adherence to legal requirements; and create a positive and inclusive work environment that supports the holistic well-being of all employees. The Kentucky Deferred Compensation Authority (KDC) is the official supplemental retirement system for employees in the Commonwealth, public education, and local programs. KDC is seeking a Deferred Compensation Analyst II who will provide comprehensive and specialized customer service to participants in KDC by providing guidance to members on various program options.
Requirements
- Graduate of a college or university with a bachelor's degree.
- Two years of experience in personnel administration or business administration.
- One year of the required experience must include administering a deferred compensation or similar benefit program.
- Master's degree in business administration or public administration will substitute for the one year of non-deferred compensation or similar benefit program experience.
- Experience as an investment counselor, deferred compensation counselor or similar work in providing information on retirement or other benefit programs or experience in business administration, public administration, accounting, or information technology will substitute for the required education on a year- for-year basis.
- Current certification as a Certified Employee Benefits Specialist OR as a Professional Administrator and Management Executive as certified by the International Foundation for Retirement Education will substitute for the required education.
Nice To Haves
- Attention to detail and analytical skills are essential.
- Possess a high level of integrity and personal accountability; must be able to work unsupervised.
- Knowledge of State Government, Governmental Retirement Plans, and respective tax law.
- Ability to multi-task.
Responsibilities
- Processing Participation Agreements for enrollments, increases, decreases and discontinuances.
- Counsels and communicates with participants to resolve inconsistencies.
- Processing Lump Sum Deferral Agreements to ensure accuracy with application program rules, Internal Revenue Code provisions and policies and procedures.
- Processing participant account updates resulting from employer changes, verifying documentation and validating participant elections.
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What This Job Offers
Job Type
Full-time
Career Level
Executive
