Job Description
Are you a detail-oriented financial professional dedicated to public service? The State of Illinois Department of Treasury is currently seeking a skilled Pension Administrator to join our team. In this high-impact role, you will play a critical part in managing the administration of the State Employees' Retirement System (SERS) and other public pension plans, ensuring the financial security of thousands of retirees.
We are looking for an individual who excels in data integrity, compliance, and stakeholder communication. If you are ready to leverage your expertise in government finance to support Illinois' public workforce, we encourage you to apply today.
Why Join Us?
- Competitive salary and comprehensive benefits package.
- Opportunity to work with state-of-the-art financial management systems.
- Make a tangible difference in the lives of public servants.
Responsibilities
- Oversee the end-to-end administration of Illinois public pension plans, including member record maintenance and benefit calculations.
- Analyze actuarial data and financial reports to ensure the sustainability and accuracy of pension fund projections.
- Process retirement applications, disability claims, and death benefits in strict accordance with state statutes.
- Provide exceptional customer service to retirees, answering complex inquiries regarding eligibility, vesting, and payout structures.
- Ensure strict compliance with the Illinois Pension Code, ERISA regulations, and Internal Revenue Service guidelines.
- Collaborate with the Office of the State Comptroller and external auditors to maintain fiscal transparency and audit readiness.
- Develop and update internal policy documentation regarding pension changes and legislative updates.
Qualifications
- Bachelor’s degree in Finance, Actuarial Science, Business Administration, or a related field required.
- Minimum of 4-6 years of experience in pension administration, public sector finance, or benefits management.
- Deep knowledge of Illinois pension laws (SERS, SURS) and federal retirement regulations is highly preferred.
- Proficiency in financial software (e.g., SAP, Oracle) and advanced Excel skills (VLOOKUP, Pivot Tables).
- Strong analytical mindset with the ability to interpret complex financial data and regulatory frameworks.
- Excellent interpersonal skills, with the ability to communicate effectively with diverse stakeholders.
- Certification as a Pension Professional (CPP) or CFP (Chartered Financial Planner) is a plus.