Job Description
We are currently seeking a highly analytical and detail-oriented Pension Plan Administrator to join our prestigious government team. In this pivotal role, you will oversee the administration and compliance of the municipal pension plans, ensuring the financial security of thousands of retirees. This is a full-time opportunity to make a significant impact within the public sector, offering a competitive salary and comprehensive benefits package.
As a key member of the Finance Department, you will collaborate with actuaries, legal counsel, and HR professionals to maintain accurate records, calculate benefits, and ensure adherence to state and federal regulations such as ERISA. If you are passionate about public service and possess expert knowledge in pension management, we encourage you to apply for this exciting government position.
Responsibilities
- Manage the daily operations of the city's defined benefit and contribution pension plans.
- Ensure strict compliance with all local, state, and federal government pension regulations and reporting requirements.
- Conduct actuarial valuations and prepare detailed financial reports for the Board of Trustees and auditors.
- Process retirement applications, eligibility determinations, and benefit calculations with high accuracy.
- Communicate complex pension data and policy changes clearly to retirees, stakeholders, and the public.
- Collaborate with external vendors, including actuaries and investment firms, to review fund performance.
- Oversee the administration of 401(k) and deferred compensation plans as applicable.
Qualifications
- Bachelor’s degree in Finance, Accounting, Actuarial Science, or a related field required; Master’s degree preferred.
- 3+ years of experience in public sector pension administration or private sector benefits management.
- Certified Public Accountant (CPA) or Certified Pension Fund Specialist (CPFS) designation highly desirable.
- Deep understanding of ERISA, FASB, and state government pension laws.
- Advanced proficiency in Microsoft Excel (PivotTables, VLOOKUP) and financial modeling software.
- Strong analytical skills with the ability to interpret complex data sets and regulatory codes.
- Excellent verbal and written communication skills for stakeholder engagement.