Career Opportunity – Senior Auditor: Workers’ Compensation Commission

Senior Auditor (Director of Self-Insurance)

Job Responsibilities *** Repost *** Previous applicants are still being considered and do not need to reapply.

The South Carolina Workers’ Compensation Commission is responsible for regulating the self-insurance program for South Carolina. The Commission is seeking a Director of Self-Insurance to be responsible for the Self-Insurance program, ensuring the statutory and regulatory requirements are met. Under limited supervision, the Self-Insurance Director reports to the Commission’s Executive Director and is responsible for processing applications from employers who desire to become self-insured, monitoring self-insured employers and employers’ funds to ensure they maintain financial soundness and solvency. Job responsibilities include:

• Audits self-insured employers’ applications and self-insured funds’ applications to verify the accuracy of the applications filed and to ensure compliance with the South Carolina Workers’ Compensation Act and regulations applicable to Self-Insured entities.
• Evaluates the employer’s solvency, excess insurance coverages, surety requirements, by-laws, trust agreements, indemnity agreements, reserve requirements, claims administration practices, assets, and loss control practices. Prepares recommendations for applications requesting approval to become self-insured for submission to the Commissioners at the monthly business meeting.
• Conducts annual audits and quarterly reviews of all individual self-insured employers, political subdivisions, and self-insured funds to determine the accuracy and completeness of financial documentation provided supporting the solvency of each self-insured and ensuring their compliance with the South Carolina Workers’ Compensation Act and Regulations. Conducts highly complex or specialized audits of all entities participating in the program to verify the accuracy of the records filed and ensure compliance with the Workers’ Compensation Act and Regulations. Reviews all self-insured funds’ quarterly financial reports and monitors a fund’s financial solvency monthly, if necessary.
• Audits over 200 Self-Insurance tax returns annually.
• Maintains records of all the Commission’s self-insurance filings. Ensures all excess insurance endorsements, cancellations, correspondence, and renewals are processed in accordance with the National Council on Compensation Insurance Guidelines and SC Workers’ Compensation Commission rules.
• Makes recommendations for procedural, legislative, or policy changes for Commission approval.
• Monitors the claims administration of bankrupt or defaulting self-insurers and collecting on the self-insurer’s security instrument when necessary. Reviews the processing of claims and claims practices, ensuring accurate and timely payment of claims from the insolvent entity’s funds.
• Supervises administrative staff that assist with the general clerical and data entry tasks related to departmental functions.
• Other duties as assigned.

Minimum and Additional Requirements

Minimum Requirements:

• Bachelor’s degree and professional experience in accounting, auditing, finance, insurance, or tax preparation and/or analysis.
• Critical thinking skills with the ability to learn and apply SC Workers’ Compensation laws and regulations.
• Experience using Microsoft Office Suite.

Knowledge, Skills, and Abilities:

• Knowledge of the principles, practices, methods, and theories of accounting, auditing, financial management, banking, and insurance.
• Knowledge of budgetary practices.
• Knowledge of federal and state laws and regulations relevant to the area of auditing responsibility.
• Ability to interpret and analyze complex accounting and financial data.
• Skill in the use of calculators, notebook computers, and Microsoft Word and Excel.
• Ability to learn, interpret, and explain regulations, laws, procedures, and policies to other individuals.
• Ability to communicate effectively both orally and in writing.
• Ability to establish and maintain effective working relationships with others.
• Ability to exercise judgment and discretion.
• Ability to plan and organize work activities and prioritize task completion.
• Ability to train and supervise subordinate staff.

Preferred Qualifications:

Any combination of one or more of the following certifications, professional licenses, and experience is preferred.

• South Carolina Certified Public Accountant (CPA) License
• Certified Internal Auditor (C.I.A.) certification
• Certified Financial Examiner (C.F.E.) certification
• Experience using OnBase and Progress information and document management systems.
• Five (5) years of experience in auditing, accounting, financial planning, management, and/or budgeting.

Additional Comments:
The Workers’ Compensation Commission ensures equal employment opportunities for all applicants. It does not discriminate based on race, color, religion, sex (including pregnancy, childbirth, or related medical conditions and lactation), national origin, age (40 or older), disability, or genetic information.

The Workers’ Compensation Commission offers an exceptional benefits package for FTE positions that includes:

• Health, Dental, Vision, Long Term Disability, and Life Insurance for Employees, Spouses, and Children.
• 15 days of annual (vacation) leave per year
• 15 days of sick leave per year
• 13 paid holidays
• State Retirement Plan and Deferred Compensation Programs

Employer: State of South Carolina

Agency: Workers’ Compensation Commission

Address
1333 Main Street
Suite 500
Columbia, South Carolina, 29201

Phone
803-737-5700

The language used in this document does not create an employment contract between the employee and the agency. This document does not create any contractual rights or entitlements. The agency reserves the right to revise the content of this document, in whole or in part. No promises or assurances, whether written or oral, which are contrary to or inconsistent with the terms of this paragraph create any contract of employment.