Job Description
Join the City of Virginia Beach's Finance Department as a Pension Plan Administrator and play a critical role in managing retirement benefits for our dedicated public servants. This position offers competitive compensation, comprehensive benefits including a defined pension plan, and the opportunity to serve your community in a stable, mission-driven environment. Enjoy Virginia Beach's coastal lifestyle while advancing your career in public finance.
Responsibilities
- Administer defined benefit pension plans for city employees in compliance with ERISA and Virginia state regulations
- Process retirement applications, calculate benefit payments, and maintain accurate participant records
- Conduct pension plan audits and ensure adherence to fiduciary responsibilities
- Develop educational materials and conduct enrollment meetings for new and retiring employees
- Collaborate with finance team on funding strategies and actuarial valuations
- Manage pension plan investments and oversee third-party administrators
Qualifications
- Bachelor's degree in Finance, Accounting, Public Administration, or related field
- 3+ years of experience in pension plan administration or employee benefits
- SPBC (Society of Pension Professionals) or CEBS certification preferred
- Strong knowledge of ERISA, IRS regulations, and Virginia pension statutes
- Proficiency in pension administration software and Microsoft Office Suite
- Excellent analytical skills and attention to detail
- Ability to communicate complex financial concepts clearly to diverse audiences