What are the responsibilities and job description for the DEFERRED COMPENSATION SPECIALIST position at State of Tennessee?
Executive Service
DEFERRED COMPENSATION SPECIALISTDepartment of TreasuryFinancial Empowerment DivisionNashville, TNClosing Date : 03 / 11 / 2025
This position is designated as Work from Home.
Who we are and what we do :
The Tennessee Department of Treasury impacts the lives of Tennesseans every day. Treasury is responsible for many of the financial operations of state government, including managing more than $100 billion in assets through its various investment programs. We administer and invest the State's Retirement Program, RetireReadyTN, which combines the state pension plan, Tennessee Consolidated Retirement System, and the State's Defined Contribution plans. Treasury serves all Tennesseans by helping to educate and empower them to make smart financial choices, and by providing public-serving programs in the areas of college savings, financial literacy, unclaimed property, risk management, criminal injuries compensation, and more.
Job Overview :
Under the general supervision of the deferred compensation manager, assistant director, and director, the deferred compensation specialist is responsible for executing and supporting administrative tasks of the State of Tennessee deferred compensation programs, which collectively have over 260,000 participants and $12 billion in assets.
The Tennessee Deferred Compensation Plans are :
- The State of Tennessee 401(k) Plan
- The State of Tennessee 457(b) Plan
- The Optional Retirement Program (401(a))
- The University of Tennessee and Tennessee Board of Regents 403(b) Plans
- The State of Tennessee Length of Service Award Program (LOSAP) for Volunteers Each plan is offered in partnership with one or more third party administrators (TPA), and there are currently three (3) TPA's in total. Plan participants may be eligible for or participants in multiple State deferred compensation or other retirement plans, including the Tennessee Consolidated Retirement System (TCRS) defined benefit plan.
- The deferred compensation specialist works collaboratively with personnel from each TPA, the Financial Empowerment Division, and other divisions within Treasury to accomplish tasks.
Key Responsibilities :
Minimum Qualifications :
Bachelor's degree from a four-year college or university
Two (2) years of professional experience in financial services, organizational administration, or a related field.
Strong proficiency and experience in Microsoft Excel, PowerPoint, and Word
Pursuant to the State of Tennessee's Workplace Discrimination and Harassment policy, the State is firmly committed to the principle of fair and equal employment opportunities for its citizens and strives to protect the rights and opportunities of all people to seek, obtain, and hold employment without being subjected to illegal discrimination and harassment in the workplace. It is the State's policy to provide an environment free of discrimination and harassment of an individual because of that person's race, color, national origin, age (40 and over), sex, pregnancy, religion, creed, disability, veteran's status or any other category protected by state and / or federal civil rights laws.
