Job Description
Join the City of Virginia Beach's Finance Department as a Pension Plan Administrator and play a vital role in managing retirement benefits for our dedicated public servants. This position offers competitive compensation, comprehensive health benefits, and a robust pension plan with employer contributions up to 15%. Enjoy Virginia Beach's coastal lifestyle while serving your community in a stable, mission-driven environment.
Responsibilities
- Administer defined benefit pension plans ensuring compliance with ERISA and Virginia state regulations
- Process retiree enrollments, benefit calculations, and distribution payments
- Conduct annual valuations and actuarial reporting for pension fund assets
- Develop and maintain participant communications regarding retirement options
- Collaborate with auditors and legal counsel for compliance reviews
- Manage pension fund investments and track performance metrics
Qualifications
- Bachelor's degree in Finance, Accounting, or related field
- 3+ years of pension plan administration experience
- Strong knowledge of ERISA, IRS 401(k) regulations, and Virginia pension laws
- Proficiency in pension administration software (e.g., Millennium, Empower)
- Certified Pension Consultant (CPC) or ASPPA designation preferred
- Excellent analytical and problem-solving abilities
- Ability to handle confidential financial data with discretion