Retirement Administrator 41

City-of-Lansing,-Michiga; Lansing (MI); On-site; USD 60,000 - 90,000; Full time

Benefits offered by this job

Medical, dental, and vision coverage

Paid vacation, sick, and holiday leave

Professional growth and continuing ed

Job summary

City of Lansing in Michigan seeks an experienced Retirement Administrator to oversee the city’s pension plans under the Retirement Boards and the Finance Director. You will manage the retirement office, support active and retired employees, and respond to inquiries.

The ideal candidate has a bachelor’s degree in accounting or finance and at least one year of financial analysis or accounting experience, plus experience with pension administration software.

Qualifications

• Bachelor's degree in accounting, finance, or related field.
• At least 1 year of financial analysis or accounting experience.
• Experience with pension administration software.
• Equivalent combination of training and experience considered.
• Valid driver's license or ID required.

Responsibilities

• Administers City pension plans under Retirement Boards and Finance Director.
• Keeps records for active and retired members; prepares agenda, minutes, reports.
• Handles employee contact regarding retirement benefits.
• Provides direction and training to Retirement Technician.
• Conducts counseling sessions for defined contribution plan.
• Calculates pension estimates and explains preretirement figures.
• Prepares annual retirement board budget; manages invoices and cash flow.
• Liaises with investment managers, consultants, actuaries and vendors.

Skills

Financial analysis

Accounting

Driver's license

Active communication

Education

Bachelor's Degree in Accounting, Finance, or related field

Tools

Pension administration software

Job description

The City of Lansing’s Human Resources Department is seeking an experienced and detail-oriented Retirement Administrator with the ability to maintain and communicate confidential information, self-direct work assignments, and effectively prioritize to meet deadlines. In this role, you will oversee the administration of the City’s pension plans under the authority of the Retirement Boards and the Finance Director. The City of Lansing offers a competitive salary and comprehensive benefits package, including medical, dental, and vision coverage; paid vacation, sick, and holiday leave; and opportunities for professional growth and continuing education.

• including medical, dental, and vision coverage
• paid vacation, sick, and holiday leave
• opportunities for professional growth and continuing education

IDEAL CANDIDATES WILL POSSESS THE FOLLOWING:

• Bachelor's Degree in Accounting, Finance, or a related field;AND
• At least one (1) year of experience performing financial analysis and/or accounting work.
• Experience in using pension administration software required.
• An equivalent combination of training and experience may be considered.
• Must possess and maintain a valid driver’s license or valid identification.

ESSENTIAL POSITION FUNCTIONS INLCUDE BUT ARE NOT LIMITED TO:

• Administers the City of Lansing Pension plans under the authority of the Retirement Boards and the Finance Director. This includes managing the retirement office, supporting both active and retired City employees, responding to public and departmental inquiries, and providing administrative support to retirement boards, as well as deferred compensation and defined contribution committees, as assigned.
• Serves as record keeper for active and retired City of Lansing members, for Retirement Boards and deferred compensation and defined contribution committees. Prepares agenda, minutes, financial reports, investments, contributions, and expenses.
• Handles all employee contact regarding retirement benefits including pensions, health and dental care, life insurance and spousal benefits.
• Provides work direction and training to the Retirement Technician.
• Conducts detailed individual and group planning and counseling sessions for City employees. Provides special counseling services regarding the defined contribution retirement plan and the fiduciary for that plan.
• Develops and provides to City employees’ pension estimates and explains these figures in preretirement counseling sessions.
• Performs detailed research regarding employee records and work histories and makes final pension calculations in accordance with City ordinance when staff leave active employment with the City.
• Prepares annual retirement board budget. Arranges payment of invoices, respond to vendor inquiries and issues. Reviews invoices for accuracy. Manages deposits for purchases of time and repayment of contributions. Maintains sufficient cash flow in retirement accounts to pay retirees. Monitors retirement bank accounts and coordinates cash flow withdrawals.
• Primary contact for investment managers, investment consultant, legal consultant, actuary, custodian bank, medical director and board/committee vendors.

FULL JOB DESCRIPTION AVAILABLE UPON REQUEST

The City of Lansing is an Equal Opportunity Employer and a Certified Veteran Friendly Employer.

The City of Lansing provides reasonable accommodation to applicants and employees with disabilities where appropriate. If you need reasonable accommodation for any part of the application and hiring process, or during employment, notify the Department of Human Resources at [phone]. Determinations on requests for reasonable accommodation will be made on a case-by-case basis.

See links below for our Anti-Retaliation and Anti-Religious Discrimination and Religious Accommodation Policies:
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