Job Description
Join the City of Virginia Beach's Finance Department as a Pension Benefits Administrator and play a vital role in managing retirement plans for our dedicated public servants. This is an exceptional opportunity to work with a forward-thinking government agency committed to employee well-being and financial security. Enjoy competitive compensation, robust benefits, and the satisfaction of serving your community.
We offer a collaborative environment with professional development opportunities, flexible work arrangements, and a commitment to work-life balance. As a key member of our team, you'll ensure the integrity of pension programs while upholding the highest standards of public service excellence.
Responsibilities
- Administer municipal pension plans including enrollment, calculations, and benefit distributions
- Ensure compliance with ERISA, IRS regulations, and Virginia state pension laws
- Provide comprehensive retirement counseling to employees and retirees
- Prepare and analyze pension financial reports for audit and regulatory purposes
- Manage pension fund investments and actuarial valuations
- Develop and implement pension policy updates in collaboration with legal counsel
- Coordinate with external auditors and third-party administrators
- Train HR staff on pension procedures and retirement benefits
Qualifications
- Bachelor's degree in Finance, Accounting, Public Administration, or related field
- Minimum 3 years of pension plan administration experience
- SPBC (Society of Pension Professionals & Consultants) certification preferred
- Expert knowledge of ERISA, IRS 401(k)/403(b) regulations, and Virginia pension statutes
- Advanced proficiency in pension administration software (e.g., Millennium, AdminPro)
- Strong analytical skills with ability to interpret complex financial data
- Excellent communication skills for employee counseling and stakeholder presentations
- Experience with government pension fund accounting and reporting