Job Type: Non-Union
Job Posting: COP-00171-23
Salary: $97,934 – $107,056
Job Grade Level: A-22
Department: Retirement
The City of Providence welcomes and encourages diversity in our workforce at all levels of the organization. We provide equal employment opportunities to all employees and applicants for employment and prohibit hiring discrimination of any type. All City hiring decisions are made without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws.
Job Summary
The Pension Administrator reports to the City Controller and is responsible for the efficient administration of the pension benefits to all City of Providence employees in accordance with the City of Providence Retirement Act.
Duties & Responsibilities
- Reports directly to the City Controller.
- Responsible for the administration and technical work in the management of the City of Providence Retirement System.
- Responsible for the implementation of the applicable provisions of the retirement law, in accordance with governing statutes, rules and regulations.
- Communicates the established policies, rules and regulations of the retirement system to all members.
- Responsible for providing, planning, organizing, developing, and coordinating the on-going, day-to-day operations of the Retirement System.
- Responsible for providing qualifying members with timely written or verbal information regarding retirement, death or disability benefits, loan programs, purchase of time, refunds, and any other benefit or programs.
- Responsible for timely administration of the pension payroll and retirees’ health benefits.
- Prepares agendas and reports for monthly Retirement Board meetings. Is responsible for conveying Retirement Board decisions.
- Attends and fully participates in monthly Investment Portfolio Committee Meetings.
- Reviews and analyzes the investment portfolio on a monthly basis for activity consistent with Board authorization.
- Exercises management and supervision over staff engaged in accounting functions, records maintenance, payment processing, automated client records systems, statistical reporting and explanation, and interpretation of benefits programs.
- Effectively communicates objectives and delegates responsibilities to subordinates.
- Establishes and maintains effective working relationships with City officials, employees, retirees, and Retirement Board members.
- Coordinates with the actuary on issues related to reports and correspondence in connection with member related or Annual Valuation Report requests.
- Performs other related duties as assigned.
Minimum Qualifications
- Bachelor’s degree from an accredited college or university with major coursework in accounting and business administration.
- Working knowledge of benefit plans, actuarial funding methods, retirement counseling, and financial reporting.
- Minimum of three (3) years management experience.
- Ability to utilize the Department’s computer systems and applicable software.
- Must be able to perform all essential functions of the job.
Posting expires when position is filled.