Job Description
Join the prestigious California Public Employees' Retirement System (CalPERS), the nation's largest public pension fund. We are seeking a highly analytical and strategic Senior Pension Analyst to oversee the financial health and sustainability of our pension plans. This full-time opportunity offers a chance to shape retirement security for millions of Californians while working in a dynamic, high-impact government environment.
Why Join Us?
- Competitive salary and comprehensive state benefits package.
- Work with a diverse team of experts in actuarial science and public finance.
- Make a lasting impact on the future of public sector retirement.
Responsibilities
- Conduct in-depth actuarial valuations and financial analyses of pension liabilities to ensure long-term solvency and compliance with state and federal regulations.
- Develop and present complex financial reports and funding strategies to the Board of Administration and legislative committees.
- Monitor macroeconomic trends and legislative changes to adjust pension assumptions and contribution rates proactively.
- Collaborate with internal investment and accounting teams to align pension funding with overall portfolio performance.
- Lead special projects related to benefit design, cost-of-living adjustments, and retirement policy reforms.
- Provide expert consultation to employer agencies and member representatives regarding pension benefits and calculations.
- Ensure all internal processes adhere to strict internal controls and audit requirements.
Qualifications
- Master’s degree in Actuarial Science, Finance, Economics, or a related field required; PhD preferred.
- Certified Actuary (CAS or SOA) designation or equivalent advanced actuarial credentials.
- Minimum of 5 years of experience in public pension management, actuarial consulting, or government finance.
- Strong proficiency in advanced Excel (VBA, Macros) and SQL for data analysis.
- Excellent written and verbal communication skills with the ability to explain complex financial concepts to non-technical stakeholders.
- Experience with government reporting standards (e.g., GASB) is highly desirable.
- Demonstrated ability to work independently in a fast-paced, high-stakes regulatory environment.