Pension Analyst

Reporting to the Retirement Services Manager, this position is responsible for both technical and financial analysis with responsibility for participating in a wide range of financial reporting, vendor management and pension plan administration functions. Performs detailed confidential work supporting the objectives of Human Resources Department and provisions required of City of Coral Springs Police, General and Fire Pension Plans. Assignments are performed with limited supervision requiring the exercise of sound judgment and initiative.

• Provides analytical and administrative assistance in the development and implementation of efficient procedures that are in compliance with plan documents, State, and Federal laws.
• Conducts research and analysis, formulates and communicates recommendations. Research and verify eligibility to purchase past law enforcement and/or military service and process accordingly.
• Assist in vendor searches, contract negotiation and vendor management to include annual vendor meetings and management of performance standards. Serves as the liaison for the City to outside vendors and retirements consultants/advisors. Improves processes through documentation and use of resources more efficiently. Contribute towards implementation of pension administration system, imaging and workflow, conversions or acquisition of software.
• Assists in preparing agendas, including items for trustee consideration; serves as backup to Pension Administrator; prepares financial reimbursement requests, and documentation necessary to authorize bills for payment as needed.
• Analyzes monthly portfolio statements, including contracts and auditing asset transfers and reallocation.
• Monitors annual operating budgets for Pension funds, and contributes to establishing the baseline budget annually.
• Forecasts financial needs for pension plan administration budget, assists with annual COLA calculations, administers/and or audits monthly retiree and beneficiary benefit payments; DROP deposits and confirms/evaluates eligibility for retirement benefits.
• Analyze monthly portfolio statements, including finalizing contracts and auditing asset transfers and reallocation.
• Analyze and process disability applications; including coordination of obtaining third party assessments.
• Completes special projects or assignments, conducts research and analysis, formulate and communicates recommendations. Research and verify eligibility to purchase past law enforcement and/or military service and process accordingly.
• Supports year-end internal audit for multiple plans, respond to audit requests and compilation of financial support for rating agencies as needed.
• Monitors annual operating budgets for Pension funds, as needed and contributes to budget baseline annually.
• Coordinates responses with appropriate pension members and retirees and ensures timely submission of requests.
• Prepares Annual Retiree Affidavit and monitors responses.
• Coordinates the trustee election process.

Bachelor's Degree in Business, Human Resources, Finance, Accounting or related field. FPPTA certification required within three (3) years of hire. Minimum of three years of professional related experience, Florida Chapter 175/185 Retirement Plan administration preferred, knowledge of retirement plan administration including ERISA and non-ERISA plans, or an equivalent combination of education, training, and experience. Competent in the use of Excel, Micro-Soft Suite, and Adobe Pro.

Work environment involves everyday risks or discomforts which require normal safety precautions typical of such places as office or meeting and training rooms, e.g., use of safe work place practices with office equipment, avoidance of trips and falls, and observance of fire and building safety regulations, and traffic signals when driving.