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Commonwealth of Pennsylvania |
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POSITION DESCRIPTION FOR JOB POSTING |
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Position Number: 50684665 |
Description Activated On: 12/19/2023 10:20:22 AM |
Position Purpose: Describe the primary purpose of this position and how it contributes to the organization’s objectives. Example: Provides clerical and office support within the Division to ensure its operations are conducted efficiently and effectively. This position performs advanced professional accounting work in the analysis and reporting of investment related financial data, risks, and controls. It will be expected to understand a variety of complex financial/accounting investment type transactions, while focusing on OFM’s broad internal control structure and workflows. This position works within the Accounting Risk Management (ARM) group within SERS' Office of Financial Management (OFM). ARM works very closely with the CFO and Assistant CFO to wholistically examine accounting/financial risks and the related internal controls in place within OFM (investment related and non-investment related). This group leads an effort to mitigate or reduce SERS and OFM’s exposure to various risks inherent in the Defined Benefit Plan, Defined Contribution Plan, and the Deferred Compensation Plan. This position’s focus will be helping to ensure adequate internal controls are in place to safeguard stakeholder assets (investment portfolio), and that they are both documented and operating effectively. |
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Description of Duties: Describe in detail the duties and responsibilities assigned to this position. Descriptions should include the major end result of the task. Example: Types correspondence, reports, and other various documents from handwritten drafts for review and signature of the supervisor. •Analyzes various types of risks within the Office of Financial Management (OFM). •Performs routine and non-routine independent reviews and analysis of key financial reports produced by OFM. •Collaborates with various levels of OFM staff (and others within and outside SERS) to become knowledgeable of OFM’s internal control environment (OFM control universe) and other significant financial workflows contained in Defined Benefit and Defined Contribution type retirement plans. •Reviews, updates, and/or drafts process documentation (in Word, Excel, or flow chart software) over OFM’s internal controls, while adhering to SERS Policy on Policies and Processes and PolicyTech requirements. •Reviews and tests controls of varying complexity to ensure they are in place, operating effectively, and occurring as documented. •Recommends/implements changes in processes and procedures where the current internal controls may be inadequate. •Collaborates with OFM staff to ensure adherence to the SERS and Third-Party Access and Authorizations Controls and Notification Policy. Reports results to Chief Compliance Officer and Internal Audit Office. •Collaborates with OFM staff to ensure adherence to the SERS Identification and Implementation of Complementary User Entity Controls Policy. Reports results to Chief Compliance Officer and Internal Audit Office. •Becomes knowledgeable of PA Act 2020-128, which requires SERS to undergo an internal control audit, and serves as a Subject Matter Expert in SOC 1 Type 2 internal control assessment requirements and industry trends. •Assists CFO and Assistant CFO with developing OFM risk and internal control related training for OFM staff. •Evaluates and ensures proper internal controls are implemented as part of any newly issued Governmental Accounting Standards Board (GASB) pronouncement or legislative mandate adoption. •Supports the OFM Liaison Team for Financial Statement, SOC 1 Type 2 Internal Control, and other Audits. •Assists with special projects as assigned by the CFO or Assistant CFO, including wholistic strategic initiatives where a global understanding of a workflow is required. •Performs related duties as required. |
Decision Making: Describe the types of decisions made by the incumbent of this position and the types of decisions referred to others. Identify the problems or issues that can be resolved at the level of this position, versus those that must be referred to the supervisor. Example: In response to a customer inquiry, this work involves researching the status of an activity and preparing a formal response for the supervisor’s signature. •Using professional judgement to evaluate various risks within OFM. •Using professional judgement to obtain an understanding of controls in place to mitigate risks and identify/communicate any gaps or improvements that could be made. •Researching GASB and other governing documents. •Interpreting SERS-wide internal control related policies and other governing documents to ensure OFM is adhering to the requirements. * General direction will be given, but priorities are independently set. Supervisor and OFM leadership periodically review work and provide feedback. |
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Requirements Profile: Identify any specific experience or requirements, such as a licensure, registration, or certification, which may be necessary to perform the functions of the position. Position-specific requirements should be consistent with a Special Requirement or other criteria identified in the classification specification covering this position. Example: Experience using Java; Professional Engineer License Experience: Licenses, registrations, or certifications: 1. N/A 2. N/A 3. N/A 4. N/A 5. N/A 6. N/A |
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Essential Functions: Provide a list of essential functions for this position. Example: Transports boxes weighing up to 60 pounds.
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