Job Description
Join a mission-critical public service organization dedicated to securing the financial futures of government employees. The Illinois State Pension Board is currently seeking a highly analytical and detail-oriented Senior Pension Administrator to oversee our pension plan operations. This is an exceptional opportunity to work in a stable government environment with a focus on long-term financial planning and member service excellence.
In this role, you will be responsible for the end-to-end administration of pension benefits, ensuring accuracy in actuarial calculations, maintaining compliance with state and federal regulations, and providing exceptional service to retired public servants. If you are a finance professional looking for a rewarding career in public service, we want to hear from you.
Responsibilities
- Conduct comprehensive actuarial valuations and prepare detailed financial reports for the Board of Trustees.
- Manage the processing, review, and approval of retirement applications, ensuring all eligibility criteria and calculations are accurate.
- Ensure strict adherence to ERISA regulations, the Illinois Pension Code, and other governing laws.
- Provide expert guidance and support to current and prospective pension members regarding benefit eligibility and distribution options.
- Collaborate with internal IT and legal departments to implement system upgrades and compliance updates.
- Analyze trends in pension liabilities and recommend strategies to maintain fund solvency.
Qualifications
- Bachelor's degree in Finance, Accounting, Actuarial Science, or a related field required; Master's degree preferred.
- Certified Public Accountant (CPA) or Actuarial Designation (ASA/FSA) is highly desirable.
- Minimum of 5 years of experience in pension administration, government benefits, or actuarial analysis.
- Strong knowledge of ERISA, the Internal Revenue Code (IRC), and state-specific pension regulations.
- Proficiency in Microsoft Office Suite, with advanced skills in Excel (PivotTables, VLOOKUP) and experience with SAP or similar ERPs.
- Excellent verbal and written communication skills with the ability to explain complex financial concepts to non-experts.