What are the responsibilities and job description for the ADMINISTRATIVE RETIREMENT BENEFITS SPECIALIST position at City of New York?
Job Description
The New York City Employees Retirement System (NYCERS) was founded by the New York State Legislature in 1920 with 13,331 members. Today, NYCERS has grown into one of the largest municipal public employee retirement systems in the United States with nearly 375,000 active / vested members, retirees and beneficiaries. NYCERS is a defined benefit retirement plan and a cost-sharing, multiple employer public employee retirement system. We are looking for individuals with passion, dedication and commitment to excellence and innovation who are interested in adding to our dynamic and collaborative work environment. Working for the City of New York, you will receive excellent benefits, including healthcare, vision benefits, dental benefits, as well as the opportunity to participate in the Citys retirement plan. NYCERS offers a hybrid work environment with partial onsite work and partial telework.
Job Description :
The New York City Employees Retirement System Finance Division seeks a Deputy Director. Under the direction of the Finance Director, the Deputy will have broad oversight of the division, with a special focus on the day-to-day activities of the Finance team. Specifically, the Deputy will oversee the following :
- Reconciliation and recording of all financial transactions into the accounting system.
- Processing, deposit, and reconciliation of incoming funds from various sources.
- Processing of check and EFT payments.
- Preparation of NYCERS annual audited financial statements under Generally Accepted Accounting Principles (GAAP), the Annual Comprehensive Financial Report (ACFR), and other financial reports.
- Maintenance, reconciliation, and update of members account balances in the agencys pension administration system.
- Oversee and manage external audits.
An ideal candidate would have :
The Deputy Director will support the Finance Director in leading a dynamic 30-member team consisting of Accountants, Bookkeepers, Principal Administrative Associates, Retirement Benefit Examiners, and others. Their direct responsibilities include running the day-to-day operations of the Finance Division, and setting and tracking performance goals, objectives, and priorities for Division staff. In addition, the Deputy will assist the Finance Director in the development of best practices in the division and leverage automation to enhance division processes. The Deputy will maintain strong relationships with NYCERS external stakeholders and partners such as regulators and other City agencies. The Deputy will also collaborate with the Finance Director and NYCERS Enterprise Risk Committee in the development / implementation of the agencys Enterprise Risk Management (ERM) program and the Vendor Risk Management (VRM) program, and act in the capacity of the Finance Director in their absence.
The Deputy Director provides management and leadership guidance for their staff on a variety of general administrative, general and investment accounting, financial reporting, and banking related issues. The follow-up of delegated work must be very thorough. The Deputy must be a collaborator and able to facilitate collaboration within the Finance Division and with other internal and external stakeholders. The position requires a strong accounting background, confidence, independent action, the ability to make decisions and take responsibility for them, and superior attention to detail. A well-suited candidate adapts quickly to changing conditions and works with the team to implement solutions that produce quality results.
Qualifications
1. A baccalaureate degree from an accredited college or university including or supplemented by 12 credits in mathematics, statistics, accounting, and / or actuarial science and four years of satisfactory full-time experience implementing the provisions of a retirement plan involving the use of mathematical, statistical, actuarial or accounting computations, 18 months of which must have been in an administrative, managerial or executive capacity or supervising professionals implementing the provisions of a retirement plan involving the use of mathematical, statistical, actuarial or accounting computations; or
2. An associate degree or 60 credits from an accredited college or university, including or supplemented by 12 credits in mathematics, statistics, accounting and / or actuarial science and six years of satisfactory full-time experience as indicated in 1; or
3. Education and / or experience equivalent to 1 or 2 above. However, all candidates must have 60 credits from an accredited college or university, including or supplemented by 12 credits in mathematics, statistics, accounting and / or actuarial science and the 18 months of experience in a supervisory, administrative, managerial or executive capacity as described in 1 above.
Additional Information
The City of New York is an inclusive equal opportunity employer committed to recruiting and retaining a diverse workforce and providing a work environment that is free from discrimination and harassment based upon any legally protected status or protected characteristic, including but not limited to an individual's sex, race, color, ethnicity, national origin, age, religion, disability, sexual orientation, veteran status, gender identity, or pregnancy.
