See also:
• IFEBP
Job Postings
• GFOA
Job Postings
Position Openings:
CHIEF INVESTMENT OFFICER, Wyoming Retirement System
CHIEF EXECUTIVE OFFICER, California Public Employees' Retirement System
MANAGER OF PRIVATE EQUITY, NY State Teachers' Retirement System
INTERNATIONAL PENSION-SECTOR ADVISORS, BearingPoint
ASSISTANT EXECUTIVE DIRECTOR, Minnesota State Board of Investment
SENIOR PORTFOLIO MANAGER, GLOBAL BONDS, Ohio Public Employees Retirement System
INVESTMENT DIRECTOR OF PUBLIC MARKETS, Teachers' Retirement System of Louisiana
INVESTMENT DIRECTOR OF ALTERNATIVES, Teachers' Retirement System of Louisiana
DEPUTY CHIEF INVESTMENT OFFICER, Colorado Public Employees' Retirement Association
DEPUTY DIRECTOR, Teacher Retirement System of Texas
DIRECTOR OF GLOBAL EQUITY, California State Teachers' Retirement System
CHIEF EXECUTIVE OFFICER, Fire and Police Pension Association of Colorado
ASSISTANT EXECUTIVE DIRECTOR, MoDOT & Patrol Employees' Retirement System
GENERAL COUNSEL, Indiana Public Employees' Retirement Fund
ENROLLED ACTUARY, Florida Department of Management Service, Division of Retirement
INTERNAL AUDITOR, New Hampshire Retirement System
DIRECTOR OF INTERNAL AUDIT, Public Employees' Retirement Association of Colorado
EXECUTIVE DIRECTOR, Public Employees Retirement System of Idaho
RESEARCH ANALYST/POLICY ANALYST, National Institute on Retirement Security
EXECUTIVE DIRECTOR, State Teachers Retirement System of Ohio
PUBLIC EQUITY INVESTMENT OFFICER, Kansas Public Employees Retirement System
DIRECTOR OF HEALTHCARE, Ohio Public Employees Retirement System
CHIEF INVESTMENT OFFICER, Pension Funds Management Division, State of Connecticut
Wyoming
CHIEF INVESTMENT OFFICER
Wyoming Retirement System
Located in Cheyenne, Wyoming, the Wyoming Retirement System (WRS) http://retirement.state.wy.us
administers benefits and approximately $6.1B in assets for over 36,000 employees and 18,000 retirees.
This is a newly-established position that offers an opportunity to be the first CIO working with a dedicated board and Executive Director on a sophisticated investment program.
Responsibilities: The CIO will report to the Executive Director, but will maintain a close working relationship with the Board, which holds fiduciary duty and responsibility for investment decisions. The CIO will provide investment expertise and oversight to the WRS portfolio; develop a strategic program for investment and monitoring of System assets; and, participate in the planning, budgeting, legislative efforts and business strategy for the System.
Requirements: The ideal candidate will possess substantial investment experience and an advanced degree, as well as CFA designation. Experience with a public pension fund is preferred.
Compensation and Benefits: Compensation as appropriated by the State Legislature is currently at a maximum of $130K. There is no bonus program. This position is eligible for benefits available for all State employees.
Relocation Reimbursement: Relocation assistance for actual cost of moving household goods is available, up to a maximum of $5,000.
For more information, or to apply, contact:
Mary L. Hobson, Executive Vice President & Managing Director
Elena M. McCall, Assistant Vice President
emccall@eflassociates.com
posted 10/09/08
California
CHIEF EXECUTIVE OFFICER
California Public Employees' Retirement System
The California Public Employees' Retirement System (CalPERS) is seeking
a visionary and highly motivated leader to serve as Chief Executive
Officer. CalPERS manages pension and health benefits for approximately
1.5 million California public employees, retirees, and their families.
The Chief Executive Officer reports to a 13-member Board of
Administration and has executive leadership responsibility for an
innovative organization with a staff of 2,300 and investment funds of
$223 billion. The ideal candidate will have broad and extensive
management experience (minimum of 10 years) in a large organization with
multiple lines of business. A demonstrated track record of success,
evidence of strategic leadership abilities, and the capacity to build
effective and mutually respectful relationships with a governing board
are necessary qualifications for the incoming CEO. The candidate will
possess strong communication skills and the ability to foster, manage
and lead successful, high functioning teams at all levels of an
organization. Highest ethical standards, sound judgment, and a strategic
focus balanced with consensus building skills are crucial for the
success of the CEO. The annual base salary rate for the position is
$224,000 - $336,000 (subject to negotiation), with the opportunity to
earn an annual performance award of up to 40% of base salary.
Appointment in the range will be based on the qualifications of the
successful candidate. In addition, a recruitment differential may be
provided when hiring executives from outside state service. A
competitive benefit package is also offered. A detailed brochure is
available. Filing date is Friday, October 31, 2008. To apply, submit
resume, cover letter, six work-related references and current salary to
Stuart Satow or Christine Iams, CPS Executive Search, 241 Lathrop Way,
Sacramento, CA 95815. Phone: 916-263-1401; Fax: 916-561-7205; Email:
resumes@cps.ca.gov
; Website: www.cps.ca.gov/search
.
10/01/08
New York
MANAGER OF PRIVATE EQUITY
NY State Teachers' Retirement System
One of the 10 largest public pension systems in the nation seeks experienced professional to head up Private Equity program with 58 General Partnerships representing over 100 different funds and committed assets valued at approximately 11 billion dollars. Advanced degree in business, finance or law, and/or CFA preferred. Significant experience in identifying, selecting and monitoring private equity investments. Demonstrated analytical, communication, and interpersonal skills required. Excellent benefits. For additional information, send name and address to strsrecruitment@nystrs.state.ny.us
posted 9/12/08
INTERNATIONAL PENSION-SECTOR ADVISORS
BearingPoint
BearingPoint, Inc. (NYSE-BE) is one of the world's largest Management and Technology Consulting companies dedicated to aligning business and systems to empower Global 2000 companies and government organizations.
BearingPoint's Emerging Markets Team [www.bearingpoint.com/emergingmarkets] is currently seeking to identify qualified pension sector development specialists for coming long-term and short-term assignments, working with public sector clients in emerging markets countries worldwide. All consulting services are provided in the country of the engagement.
Qualified applicants will have one or more of the following pension-sector backgrounds:
- Pension law, regulations, and /or policy development
- Pension administration
- Organization change management in the pension sector
- Pension-sector training / capacity building
- Pension-sector program management
- Actuary
Additional requirements:
- BA or BS degree (Advanced-degree preferred)
- Minimum 10 years' work experience, including minimum 5 years' experience in public-sector pensions
- Solid communication skills
- Ability to think conceptually and flexibly; and capacity to adapt, innovate and propose solutions to complex issues within a difficult and changing environment.
Citizenship: open
Security Clearance Required: none
Compensation: based on salary history, and the particular assignment and country of work with BearingPoint.
TO APPLY: Submit detailed resume demonstrating relevance to above criteria, and a cover letter stating availability and summary qualifications. Include reference to language abilities and to any work-related experience in countries in development, transition or reconstruction. Send to . grant.sigsworth@bearingpoint.com
Submissions which do not clearly meet the Requirements listed above will not be considered. No phone calls or agencies, please. Acknowledgements will be sent only to persons who are shortlisted.
BearingPoint is an Equal Opportunity Employer and does not discriminate on the basis of race, national origin, religion, color, gender, sexual orientation, age, non-disqualifying physical or mental disability or any other basis covered by law. Employment decisions are based solely on qualifications and business need.
Minnesota
ASSISTANT EXECUTIVE DIRECTOR
Minnesota State Board of Investment
The Minnesota State Board of Investment (SBI) is seeking a senior investment professional to help lead the management of the State of Minnesota's $60 Billion portfolio. The person retained will be given serious consideration for the position of Executive Director in approximately three years when it is anticipated the current incumbent will retire. The SBI is responsible for the management of the statewide pension fund assets, state cash accounts, various endowment funds, the State Deferred Compensation Plan, and a number of other funds assigned to the Board.
The ideal candidate will have a minimum of 10 years investment management experience and extensive financial skills and background with direct and progressive experience managing a multi-asset class investment program. A Master's Degree is required. The ideal candidate will have experience managing a staff of investment professionals. Well developed skills in consensus building and verbal and written communications are required.
The SBI offers recently-improved competitive compensation with State of Minnesota benefits. Relocation assistance is available on a negotiated basis.
Please send your resume with compensation information in confidence to:
Howard Bicker
Minnesota State Board of Investment
60 Empire Drive
Suite 355
St. Paul, MN 55103-3555
E-mail: Howard.Bicker@state.mn.us
www.sbi.state.mn.us
Resumes will be accepted through September 2, 2008.
posted 8/18/08
Ohio
SENIOR PORTFOLIO MANAGER, GLOBAL BONDS
Ohio Public Employees Retirement System
OPERS, the 10th largest statewide public pension fund, approximately $83 billion in assets as of
December 31, 2007, located in Columbus, Ohio, is searching for an exceptional investment leader as its
Senior Portfolio Manager of Global Bonds (Senior PM).
The Senior PM, reporting to the Deputy CIO/CIO, is primarily responsible for the investment performance of its $24 billion (at December 31, 2007), internally managed Global Bonds portfolio, including the development and implementation of investment strategies, and for developing an optimal organizational structure by recruiting, developing, and retaining qualified staff to ensure that investment return goals and objectives are achieved.
The $24 billion in assets comprises one composite and three dedicated portfolios, each with a specific purpose. Internal and external management are used, with the majority of the assets managed internally by a staff of 10. External management is primarily used for high yield ($700 million) and emerging debt ($500 million) sectors.
The successful Senior PM will have a track record leading a high performing investment department and have internal active management experience and demonstrated experience of positive performance against appropriate benchmarks. The minimum qualifications and preferences include:
- Bachelor's degree; Masters preferred
- CFA preferred
- Registration and licensure with the State of Ohio Security Commission
- Eight years of progressive experience in fixed income
- Five years of direct or indirect supervisory experience
Candidates should have a broad and balanced knowledge and experience in all sub-asset classes within fixed income. However, while it is desired that the Senior PM have broad asset class experience, it is preferred, in order of importance, that s/he have strong experience in structured securities, corporate credits and securities lending.
This is a highly visible and critical investment position. The Senior PM must have excellent communication, leadership and team building skills. S/he must have the poise and presence to interact with members of the OPERS Board and Investment Committee, and the investment consultant, Mercer Investment Consulting. The Senior PM must be collaborative and collegial, adaptable, approachable, willing to listen, and welcome open and healthy debate.
Our client offers a competitive compensation package including base salary, incentive compensation, and is designed to attract the best-qualified applicants. Comprehensive health care, retirement benefits (24% annual contribution - 14.5% employer paid and 10% employee paid, employee pays no social security), and relocation assistance are also provided.
OPERS is strongly committed to diversity in the workplace. EOE. For further information or to apply, please contact Jackie Tisch at jtisch@hudepohl.com or Gary Hudepohl ghudepohl@hudepohl.com
HUDEPOHL & ASSOCIATES, INC.
150 West Wilson Bridge Road
Worthington, Ohio 43085
614.854.7300/614-854-7301 (fax)
posted 8/18/08
Louisiana
INVESTMENT DIRECTOR OF PUBLIC MARKETS
Teachers' Retirement System of Louisiana
The Teachers' Retirement System of Louisiana (TRSL), the state's largest public retirement system with $14.0 billion in assets, seeks an experienced professional to serve as investment director of public markets. The position reports to the deputy chief investment officer and is responsible for monitoring the activities of external investment managers; overseeing money manager and partnership searches; conducting due diligence visits; assisting with development of board education materials and presentations; preparing analysis and reports on TRSL's holdings; and acting as a liaison for TRSL with investment managers, consultants, auditors, and the custodian. The investment director of public markets supervises a staff of four internal investment professionals.
The ideal candidate has knowledge and experience of the public investment markets, economic theories, and investment principles. Qualified candidates should have strong, analytical data analysis, and portfolio management skills.
Minimum qualifications include a bachelor's degree with major work in finance or closely related field. A master's degree in finance or Chartered Financial Analyst (CFA) designation is desirable. Three to five years of increasingly responsible experience in the investment industry. Supervisory experience is highly desirable. The salary for this position will be negotiated based upon qualifications and experience. Relocation expenses are available.
Please submit your letter of application and resume with the names and phone numbers of three work references to Trudy A. Berthelot, Human Resource Director, Teachers' Retirement System of Louisiana, 8401 United Plaza Blvd., Baton Rouge, LA 70809-7017; or PO Box 94123, Baton Rouge, LA 70804-9123. You may also e-mail your application and resume to trudy.berthelot@trsl.org.
For additional information, call 225-925-4564 or visit our web site at www.trsl.org
.
Applications will be accepted until September 8, 2008. Faxed applications will not be accepted.
TRSL is an Equal Opportunity Employer and complies
With the Americans with Disabilities Act.
posted 8/13/08
Louisiana
INVESTMENT DIRECTOR OF ALTERNATIVES
Teachers' Retirement System of Louisiana
The Teachers' Retirement System of Louisiana (TRSL), the state's largest public retirement system with $14.0 billion in assets, seeks an experienced professional to serve as investment director of alternatives. The position reports to the deputy chief investment officer and is responsible for implementing the alternative investment program; recommending changes to allocations, benchmarks, and non-traditional investment options; managing partnership searches; conducting due diligence visits; assisting with development of board education materials and presentations; preparing analysis and reporting on TRSL's holdings; and acting as a liaison for TRSL with external consultants, auditors, and the custodian. The investment director of alternatives supervises a staff of three internal investment professionals.
The ideal candidate has knowledge and experience of alternative investment markets, economic theories, and investment principles. Qualified candidates should have strong, analytical data analysis, and portfolio management skills.
Minimum qualifications include a bachelor's degree with major work in finance or closely related field. A master's degree in finance or Chartered Financial Analyst (CFA) designation is desirable. Three to five years of increasingly responsible experience in the investment industry. Supervisory experience is highly desirable. The salary for this position will be negotiated based upon qualifications and experience. Relocation expenses are available.
Please submit your letter of application and resume with the names and phone numbers of three work references to Trudy A. Berthelot, Human Resource Director, Teachers' Retirement System of Louisiana, 8401 United Plaza Blvd., Baton Rouge, LA 70809-7017; or PO Box 94123, Baton Rouge, LA 70804-9123. You may also e-mail your application and resume to trudy.berthelot@trsl.org
.
For additional information, call 225-925-4564 or visit our web site at www.trsl.org
.
Applications will be accepted until September 8, 2008. Faxed applications will not be accepted.
TRSL is an Equal Opportunity Employer and complies
With the Americans with Disabilities Act.
posted 8/13/08
Colorado
DEPUTY CHIEF INVESTMENT OFFICER
Colorado Public Employees' Retirement Association
Established in 1931, the Colorado Public Employees' Retirement Association (PERA, www.copera.org) provides retirement and other benefits to the employees of more than 400 government agencies and public entities in the state of Colorado. PERA is the 23rd largest public pension plan in the United States. PERA's assets are approximately $37 billion. Its membership includes employees of the Colorado state government, most teachers in the state, many university and college employees, judges, many employees of cities and towns, state troopers, and the employees of a number of other public entities.
The Deputy Chief Investment Officer reports to the Chief Investment Officer and assists in developing and implementing PERA's overall investment policies and programs in accordance with the Board of Trustees' policies and governing state statutes. The position oversees a broad range of investment activities, assumes some of the responsibilities of the CIO, and manages a staff of 15 through five direct reports.
The ideal candidate will be a thought partner to the CIO, an investment visionary, a strong strategic planner, and have diverse investment management, people management and investment operations management experience. Bachelor's degree is required; MBA and CFA designations are preferred. Direct portfolio management experience, preferably with public markets, is a key qualification, as is experience managing investment professionals and support staff. Experience in a public pension fund is desirable; experience working with a Board of Trustees is also a plus.
For information, or to apply, please contact:
Mary L. Hobson
Executive Vice President and Managing Director
mhobson@eflassociates.com
Andrea K. Forrest, Associate
aforrest@eflassociates.com
posted 8/12/08
Texas
DEPUTY DIRECTOR
Teacher Retirement System of Texas
Agency Working Title: Deputy Director
Job Vacancy Number: #08-052
State Classification/Salary Group/FLSA: 1630-Deputy Director / B22 / Exempt
Salary: Commensurate with qualifications, but not less than $10,968.00 monthly
Opening Date: Friday, July 11, 2008
Closing Date: Open Until Closed by Division
JOB FUNCTIONS
General Description: Performs in a leadership role in strategic planning, program development and executive management for the Teacher Retirement System. Work involves providing executive direction and oversight to TRS operations and administration, and providing leadership to agency executives and managers in planning, developing, and implementing short and long term strategies for accomplishment of TRS mission, goals, and objectives; acting on behalf of the Executive Director in his/her absence; assisting in communicating and coordinating with the TRS Board of Trustees; and representing TRS to members, government officials, the public, the press and other interested parties. Performs work under general direction of the Executive Director with extensive latitude for initiative and independent judgment.
For more details see Employment Opportunity - Texas Deputy Director
posted 7/17/80
California
DIRECTOR OF GLOBAL EQUITY
California State Teachers' Retirement System
CalSTRS is seeking a Director of Global Equity to provide leadership and investment expertise in the management of its $100 billion global equity portfolio, using both internal investment management staff and external investment managers.
Reporting to the CIO, the Director of Global Equity will develop and implement a comprehensive investment strategy, lead and manage the global equity team of ten investment professionals and support staff, provide research and industry leadership, and serve as part of the senior leadership team of CalSTRS Investment Branch.
The ideal candidate will have:
- senior level experience managing a large global equity portfolio
- previous experience as a senior portfolio manager level in a sophisticated investment environment
- experience managing and mentoring investment professionals in a complex organization
- experience in the public sector or in a heavily regulated corporate environment
- an advanced degree
- a CFA
Compensation, which is set by the CIO and the CEO, will be market-based within the public sector, corresponding to the experience level, credentials, and personal characteristics of the candidate, and will include participation in CalSTRS investment incentive compensation plan.
CalSTRS offers an excellent benefits package. Relocation assistance will be provided in accordance with CalSTRS relocation policy.
EFL Associates, Inc. will manage the search process. For more information, or to apply, contact:
Mary L. Hobson
Executive Vice President and Managing Director
Elena McCall, Assistant Vice President
EFL Associates
emccall@eflassociates.com
303-779-1724
posted 7/14/80
Colorodo
CHIEF EXECUTIVE OFFICER
Fire and Police Pension Association of Colorado
The Fire and Police Pension Association of Colorado (FPPA), located in Denver, is searching for a Chief Executive Officer (CEO) to administer a statewide multiple employer public retirement system providing retirement, disability, survivor and related benefit programs for police officers and firefighters throughout the State. The CEO will lead and manage this $3.7 billion system serving over 16,000 active and 7,800 retired members. The current CEO is retiring after 25 years of service with the System.
The FPPA collects, invests, administers and disburses monies on behalf of firefighters and police officers for the Statewide Defined Benefit Plan, the Statewide Hybrid Plan, the Colorado Springs New Hire Pension Plan, affiliated local "old hire" pension plans and volunteer fire pension plans. Additionally, the FPPA administers the Statewide Death and Disability Plan and the Statewide Money Purchase Plan. The FPPA is one of the more complex public pension plans in the country as it administers over 240 different plans.
This is an exciting opportunity to lead a financially stable, well-managed pension fund; consistently ranked as one of the top funds as related to funding ratios. The CEO, reporting to a nine-member Board, is responsible for the $5.3 million annual operating budget, leads a team of ~40 associates, and oversees all departments, including investment management, finance, benefits administration, information resources, and legal.
The Board seeks a "generalist" with experience in member services, healthcare, benefits administration and legislative affairs. As a significant amount of the CEO's time is spent on benefit and legal issues, there is a preference for candidates with a good understanding of federal and state pension laws, actuarial principles, defined benefit plan structures and disability plans. Investment experience is also preferred. The ideal candidate will have a track record of superior performance leading a complex organization.
Compensation is designed to attract the best-qualified professionals from the national market. Comprehensive health care, retirement benefits, and relocation assistance are also provided. For additional information, please contact Bonnie Scafaro at bscafaro@hudepohl.com.
Bonnie Scafaro, Senior Consultant, at bscafaro@hudepohl.com
HUDEPOHL & ASSOCIATES, INC.
150 West Wilson Bridge Road, Suite 203
Worthington, Ohio 43085
614.854.7300/614-854-7301 (fax)
posted 7/09/08
Missouri
ASSISTANT EXECUTIVE DIRECTOR
MoDOT & Patrol Employees' Retirement System
The MoDOT & Patrol Employees' Retirement system (MPERS) operates as an independent trust fund under the leadership and direction of an eleven member Board of Trustees. The MPERS Board of Trustees (the Board) is comprised of representative leaders from the Missouri General Assembly, the Missouri Highways and Transportation Commission, the Missouri Department of Transportation (MoDOT), and the Missouri State Highway Patrol (MSHP), along with employee and retiree representatives from MoDOT and MSHP.
MPERS provides retirement, survivor, and disability benefits to over 17,000 members. The assets of the trust recently achieved $1.8 billion with investment returns for fiscal year 2007 achieving 18.1 percent net of fees. The system operates as a tax-exempt, non-contributory "defined benefit" system offering two plans to their members depending upon their beginning date of employment with the State of Missouri. MPERS has one of the few remaining non-contributory benefit programs in the country. MPERS is a family oriented organization that provides quality member service, including a unique work-related disability benefit program. Members consist of employees from MoDOT, MSHP, and MPERS staff.
Principle Responsibilities:
This position serves as second-in-command to the Executive Director being involved with all aspects of the System's operations with special emphasis on benefits, member outreach, legislation, budget, technology, finance, and system performance measurement. Specific duties include balancing priorities; maintaining a competent staff; coordination of annual financial report; responsibility for website; preparation of annual retirement reports, handbooks, newsletters, website and other communication materials; communicating retirement, disability, and other benefit programs to participants; assisting the Executive Director with pending legislation and serving as liaison with the legislature; keeping the Board of Trustees, Executive Director, Department of Transportation, and Highway Patrol personnel informed of legislative matters affecting the system; and directing the calculation of benefits for retirees.
Examples of Knowledge, Skills and Abilities:
- Thorough knowledge of the general principles of management and supervision, particularly as they apply to public administration.
- Considerable knowledge of the general principles of fiscal management, including knowledge of auditing and accounting requirements.
- Considerable knowledge of actuarial and investment principles and practices.
- Thorough knowledge of federal and state retirement laws.
- Ability to lead and motivate staff and instill confidence, pride, and professionalism in staff performance.
- Ability to interpret, evaluate, and apply law and policies relating to the system and to adapt existing programs to meet new or changing requirements.
- Ability to plan, organize, and direct the work of others.
- Demonstrated oral and written communication skills
- Ability to analyze, interpret and clearly convey to others, complex financial, statistical, actuarial and other technical information, and to take action or to make recommendations on such data.
- Ability to coordinate and evaluate the work of technical advisors and consultants
- Ability to establish and maintain positive communication and effective working relationships with administrative officials, legislators, consultants, board members, system employees, state employees, retirees, public employee organizations and the general public
- Ability to facilitate and enhance group processes and group decision-making, bringing together various views and perspectives from staff and board members. Mediate differences, proposing alternative solutions and developing effective compromises.
Recommended Minimum Qualifications:
Minimum background requirements for this position include a Bachelor Degree in business or a related field such as public administration, finance, management, accounting, and a minimum of 4 years progressively responsible experience in financial management or benefits administration.
The ideal candidate will have supervisory experience, excellent political skills and experience dealing with external stakeholders, and the highest level of integrity and ethics. Retirement and benefit administration experience, and knowledge of actuarial concepts and principles are preferred.
Reports to: The position reports to the Executive Director.
Supervises: The position supervises a total of six positions in the organization.
Salary range $6,620 to $8,275 per month depending on experience & qualifications. For more information go to www.mpers.org
Please send resume by July 24, 2008 to:
Assistant Executive Director Position
P.O. Box 1930
Jefferson City, MO 65102-1930
posted 7/7/08
Indiana
GENERAL COUNSEL
Indiana Public Employees' Retirement Fund
With more than $17 billion in assets under management at fiscal year-end 2007, the Indiana Public Employees' Retirement Fund (PERF) is among the largest 100 pension funds in the United States. The fund serves the needs of more than 220,000 public employees and retirees representing more than 1,200 employers including public universities, school corporations, municipalities and state agencies.
Indiana PERF has an immediate need for the following executive position in their Legal Division:
General Counsel
Responsible for executive-level management of the Legal Department. This individual will serve as legal counsel to the Board of Trustees and hold the position of Ethics Officer.
Minimum Qualifications for General Counsel:
- JD degree from accredited law school
- License to practice law in Indiana or ability to gain Indiana licensure
- 5 - 10 years legal experience either in a law firm or in-house position
- Experience in the field of investments, financial services and/or employee benefits
- Must possess excellent writing and communication skills and be able to present ideas and opinions clearly
Suggested Qualifications for General Counsel:
- Multi-disciplinary legal experience or general counsel experience
- Experience in regulatory or statutory legal interpretation
- Legislative or lobbying experience
Salary will be commensurate with candidate's background and experience.
For additional information, please contact PERF Human Resources at jgurney@perf.in.gov.
posted 7/07/08
Florida
ENROLLED ACTUARY
Florida Department of Management Service, Division of Retirement
Department of Management Service (Division of Retirement) is seeking an Enrolled Actuary . The position is responsible for reviewing Florida's local government retirement plans for compliance with Part VII of Chapter 112, Florida Statutes, and Chapter 60T, Florida Administrative Code to ensure actuarially sound funding. The office reviews and comments upon approximately 501 defined benefit pension plans.
s is a highly responsible, professional position that requires the successful applicant to have extensive education, knowledge, skill and experience to fulfill his or her duties. This position requires a security background check, including fingerprinting, as a condition of employment.
successful applicant will be required to review the work of other Enrolled Actuaries to make an assessment of each plan's compliance with statutes and rules. The Actuary will communicate these findings to the local governments and must be able to defend his or her determinations, if necessary. The Actuary is required to review any proposed legislation that affects the local pension plans and communicate any concerns or recommendations to the Division and Department management for consideration.
Qualifications:
Strong academic background with B.S. or B.A. degree in mathematics, statistics, actuarial science, accounting, economics or other appropriate field from an accredited college or university
A minimum of 5 - 7 years experience working with defined benefit pension plans, preferably in a consulting environment
Enrolled Actuary status is required
Organized self-starter with time management skills and the ability to work without direction
Ability to manage own workflow and oversee the work of others
Successful applicant will adhere to high standards of professional and personal ethics
Background check and fingerprints are required
Knowledge, Skills and Abilities:
- Mathematics - knowledge of mathematics, statistics and their applications. Ability to choose the right mathematical methods or formulas to solve a problem.
- English Language - knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
- Economics and Accounting - knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.
- Computers - Proficiency in the use of desktop computers in a Microsoft Office environment (Outlook, Excel, Word, Access).
- Administration and Management - knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.
- Law and Government - Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders and agency rules. Specific knowledge of Part VII of Chapter 112, F.S., Chapters 175 / 185, F.S. and Chapter 60T, F.A.C. is preferred. .
- Complex Problem Solving - identifying complex problems and reviewing related information to develop and evaluate options and implement solutions. Ability to understand the implication of new information for problem solving and decision-making. .
- Critical Thinking - using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
- Active Listening - giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times. .
- Reading Comprehension - understanding written sentences and paragraphs in work related documents. .
- Time Management - managing one's own time and the time of others. .
- Judgment and Decision Making - considering the relative costs and benefits of potential actions to choose the most appropriate one. .
- Coordination - adjusting actions in relation to others' actions. .
- Inductive Reasoning - the ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events). .
- Deductive Reasoning - the ability to apply general rules to specific problems to produce answers that make sense. .
- Information Ordering - the ability to arrange things or actions in a certain order or pattern according to a specific rule or set of rules (e.g., patterns of numbers, letters, words, pictures, mathematical operations). .
- Oral Expression - the ability to communicate information and ideas in speaking so others will understand, on the telephone, in face-to-face meetings or to a public group.
-
- Written Expression - the ability to communicate information and ideas in writing so others will understand. .
- Category Flexibility - the ability to generate or use different sets of rules for combining or grouping things in different ways. .
- Problem Sensitivity - the ability to tell when something is wrong or is likely to go wrong. It does not involve solving the problem, only recognizing there is a problem. .
Benefits:
The benefits that accrue to this position (retirement plan, health, life, disability and other benefits) amount to approximately an additional 32 percent benefit value.
Other pertinent information:
The Department of Management Services is the administrative arm of Florida's state government. We are committed to providing world-class, innovative solutions that benefit our agencies, employees and citizens, while saving valuable taxpayer dollars. Our primary role is to establish state policies and guidelines for agencies and their employees in the areas of purchasing, human resource management, fleet management, facilities management, retirement benefits, insurance benefits and information technology. The Department, headquartered in Tallahassee, Florida, employs approximately 1,000 full and part-time employees. The position is physically located in Tallahassee. Geographically, Tallahassee is close to both the Gulf of Mexico, a mere twenty miles to the south, and to Georgia, fourteen miles to the north. In addition to being the government seat of Florida, Tallahassee is the home of two of the state's prestigious universities in Florida State University and Florida A&M University. The rolling hills and live oak trees nestled around Tallahassee exude the gracious southern charm of a small town within a growing metropolis.
Qualifying Questions
1. Are you an Enrolled Actuary?
2. How many years of experience do you have supervising the work of others?
3. Have you ever worked with public sector pension plans if so please list.
4. Do you have multiple years experience with a consulting firm?
Applicants can apply on the People First System https://jobs.myflorida.com/joblist.html
Applicants may also contact our Human Resource office @ 850-488-2707 for assistance.
posted 6/18/08
New Hampshire
INTERNAL AUDITOR
New Hampshire Retirement System
The NH Retirement System, a public pension fund of $6 billion, now offers the following career opportunity in state service:
Internal Auditor
Position is responsible for the monitoring and evaluation of NHRS financial controls. Serves as member of the legal and compliance team, and as professional staff resource to the Audit Committee of the Board of Trustees
Competitive Salary for public sector ($70 K) & Exceptional Benefit Package
Successful candidate will possess at a minimum a Bachelor's degree in accounting, finance, or business-related field; and at least five years of direct auditing experience, preferably in financial services or public sector, OR 2 years experience with a Big 5 accounting firm with a CPA designation. CIA or CPA professional designation preferred.
Qualified applicants please electronically submit resume to:
careers@nhrs.org
EOE
For more information, please see NH Internal Auditor Position Description
posted 6/16/09
Colorado
DIRECTOR OF INTERNAL AUDIT
Public Employees' Retirement Association of Colorado
Established in 1931, and located in beautiful downtown Denver, the Public Employees' Retirement Association of Colorado provides retirement and other benefits for current and former employees of over 400 government and public entities in the state of Colorado. With assets of more than $40 billion and membership over 410,000, Colorado PERA is the 23rd largest public pension plan in the U.S. Colorado PERA, considered an industry leader in the public pension arena, is currently seeking an experienced internal audit professional to join its management team as Director of Internal Audit.
Responsibilities
Reporting to the Executive Director and to the Board of Trustees, the Director of Internal Audit is responsible for the development and implementation of a comprehensive internal financial, procedural and compliance audit program, which includes evaluation of internal controls, policies and information systems. The position is also responsible for reporting conditions perceived to pose risks or potential losses, perceived irregularities, fraud, or other acts detected through the application of usual and customary audit procedures.
Requirements
The ideal candidate will have ten years overall professional work experience with a minimum of four years of increasing management/supervisory experience, preferably in auditing, government or the public pension field. CGFM, CIA, CPA or CISA designation a plus.
Compensation will be commensurate with experience. A relocation benefit is available in addition to the comprehensive benefits package provided by Colorado PERA.
For additional information regarding the position, visit www.copera.org . By July 7, 2008, send your resume, accompanied by a cover letter that includes a statement of your management philosophy, a description of prior experience and salary expectations to Colorado PERA, Human Resources Division, 1300 Logan Street, Denver, Colorado 80203 or e-mail hrmail@copera.org.
posted 6/9/08
Idaho
EXECUTIVE DIRECTOR
Public Employees Retirement System of Idaho
The Public Employee Retirement System of Idaho (PERSI), was created in 1963, with funding effective July 1, 1965. It is a tax qualified, public defined benefit system to which both the member and the employer contribute. PERSI covers 65,800 active, 30,000 retired and 22,700 inactive members with 701 employer units. PERSI is a comprehensive system with state, school and local public employers eligible for membership. PERSI is the administrator of five fiduciary funds including two defined benefit retirement plans, a defined contribution 401(k) plan, and two Sick Leave Insurance Reserve Trust Funds - one for state employers and one for school district employers. As of June 30, 2007 PERSI's investment portfolio was valued at $11.5 billion, and its funded ratio was 105.5%.
The Executive Director reports to a five-member Board of Trustees and manages a staff of 65. The Executive Director plans, organizes, staffs, directs and controls PERSI under the policy direction of the Retirement Board. The Executive Director's principal duties fall under three major areas:
- Management: Direct the development, operations and administration of the PERSI pension programs.
- Board relationships: Serve as primary staff to the Board.
- External relationships: Establish and maintain effective relationships with legislature, state agencies, and various constituent groups.
The ideal candidate will be an accomplished leader with considerable executive management experience in defined benefit plans, sound working knowledge of statutory, actuarial and audit concepts, professional presence and maturity, strong people and strategic planning skills, outstanding legislative relationship and communication skills, and the highest integrity and ethics. Public pension leadership experience is preferred.
See full description at www.persi.idaho.gov/jobs
To Apply, or For More Information:
Mary L. Hobson
Executive Vice President and Managing Director
mhobson@eflassociates.com
Brittney Schroeder
Associate
bschroeder@eflassociates.com
EFL Associates
Greenwood Village, CO 80111
Phone: 303-779-1724
posted 5/20/08
Ohio
EXECUTIVE DIRECTOR
State Teachers Retirement System of Ohio
STRS Ohio, the nation's 12th largest and premier public pension fund, located in Columbus, is searching for an Executive Director to lead and manage this $73 billion fund serving 469,000 members.
The System is the oldest of Ohio's five public pension systems providing service retirement, disability and survivor benefits, as well as access to health care coverage for eligible participants. In addition to a defined benefit plan, new members of the System can also select to participate in a defined contribution or a combined plan.
STRS Ohio investment staff internally manages approximately 80% of the assets, including an $8.5 billion real estate portfolio. Although member and employer contributions are substantial, investment returns account for the majority of the fund's growth (20.73% for year-ended June 30, 2007).
A Board comprising 11 members governs the System. The Board has identified the following key objectives for the new Executive Director:
- Continue the development of initiatives to improve the funding of the health care trust so that benefits are available to retirees.
- Lead the development of an appropriate governance structure to ensure a clear delineation of authority and alignment of responsibilities.
- Continue excellent investment returns.
- Implement operating improvements to continue the positive trends in member satisfaction and cost control.
- Enhance relationships at the federal and state levels with key policymakers that affect public pension funds and health care issues.
The Executive Director is responsible for the $96 million annual operating budget, leads 620 associates, and oversees investment management, finance, benefits administration, retiree health care, information resources, human resources, and internal audit. The Executive Director is also responsible to represent STRS Ohio before state and federal legislative bodies. The Executive Director must be strategic and visionary; a leader who will continue to position STRS Ohio as a leader nationally among public funds, have the confidence and courage to make change when change is needed, and be able to say "no" and make tough decisions.
Qualifications and preferences include: Bachelor's degree (Master's degree preferred) in business, public administration, public finance or a related field; ten years of relevant experience, including at least seven years in a senior leadership role in a large/complex organization; experience working with public boards; working knowledge of public pension industry, retiree health care and pension/health care actuarial issues, and legislative experience at the state and federal level.
Compensation will be commensurate with experience and qualifications and is designed to attract the best-qualified professionals from the national market. Comprehensive health care, retirement benefits, and relocation assistance are also provided. For additional information, contact:
Bonnie Scafaro, Senior Consultant
HUDEPOHL & ASSOCIATES, INC.
150 West Wilson Bridge Road, Suite 203
Worthington, Ohio 43085
614.854.7300/614-854-7301 (fax)
bscafaro@hudepohl.com
posted 2/12/08
Kansas
PUBLIC EQUITY INVESTMENT OFFICER
Kansas Public Employees Retirement System
Kansas Public Employees Retirement System (System), a $14 billion fund located in Topeka, is searching for a Public Equity Investment Officer (PEIO) to work closely with the Chief Investment Officer (CIO) to develop, implement and maintain the System's public equity portfolio totaling approximately $8 billion in assets.
The Kansas Legislature created the System in 1962. The System is responsible for the investment of funds and administration of benefits for over 250,000 active, inactive and retired members representing the state, local, city, county employees; teachers; and librarians, to name a few. The System is an umbrella organization administering three statewide pension groups under one plan - Kansas Public Employees Retirement System, Kansas Police and Firemen's Retirement Systems, and Kansas Retirement System for Judges. All three systems are part of a governmental, defined benefit, contributory plan covering substantially all Kansas public employees.
On average, investment income funds about 70 percent of the System's benefits. Fiscal 2007 was a retooling year in the investments division. With staffing changes and policies and strategies reviewed, the System has set the stage for next year's triennial asset liability study.
The System's fiscal 2007 return rate was 18.0 percent exceeding the long-term actuarial target of 8 percent; and the one, three, five, and ten-year investment performance is 18.03 percent, 14.13 percent, 12.28 percent, and 8.70 percent, respectively.
The PEIO is one of four officers reporting to the CIO and works closely with him to develop, implement and maintain the System's public equity portfolio, comprising domestic and global equities. Three portfolio analysts support the Investment Officers. As an investment officer, the PEIO will be exposed to activities and decisions in other asset classes and the rebalancing process, and play a key role in the development and implementation of the overall investment strategy.
The ideal candidate will be a self-motivated individual, who is a team player, with an ability to work in a collaborative environment, and have a working knowledge of domestic and international equity markets and the methods of portfolio construction and management. S/he must be a team player and able to communicate and present complex ideas to a broad range of constituents in a professional manner.
Qualifications and preferences include: Bachelor's degree (advanced degree preferred) in business, economics, finance or a related field; CFA (other relevant or equivalent experience in the analysis and management of a diverse set of institutional assets may be substituted for the CFA at the discretion of the CIO); and five years of relevant experience in the field of institutional investment management, a minimum of two years with responsibility for oversight and review of an institutional public equity investment portfolio or program.
Compensation will be commensurate with experience and qualifications and is designed to attract the best-qualified investment professionals. Comprehensive health care, retirement benefits, and relocation assistance are also provided. For additional information, contact Bonnie Scafaro.
Bonnie Scafaro, Senior Consultant
150 West Wilson Bridge Road, Suite 203
Worthington, Ohio 43085
614.854.7300/614-854-7301 (fax)
bscafaro@hudepohl.com
KPERS is an Equal Opportunity Employer.
posted 2/1/08
Connecticut
CHIEF INVESTMENT OFFICER
Pension Funds Management Division, State of Connecticut
The Office of the State Treasurer exists to provide and to ensure effective financial management of public resources, high standards of professionalism and integrity, and expanding opportunity for State of Connecticut residents and businesses.
The Pension Funds Management Division assists the State Treasurer, as principal fiduciary, in the administration of the $26 billion pension and trust funds.
The Chief Investment Officer will perform as the senior investment executive and will be responsible for assisting the Treasurer in prudently managing the $26 billion dollar State Pension Fund, as well as, a few smaller related funds. The CIO will provide leadership to the Pension Funds Management Division in strategic planning; effective execution of and compliance with investment and other policies, laws and regulations; and, management of division operations. He/ she will work actively with the State Treasurer, keeping her well advised on division activities; and, will establish and maintain effective communication and constructive relationships with investment advisors, consultants, and agency managers. The CIO will collaborate in the development and recommendation of investment policy; assist with external investment advisors; have responsibility for the administration of the State's investment program; and, lead the development of key fund performance indicators.
The ideal candidate will have at least ten years of recent, fulltime experience in investment management, as well as a significant general management background. He/she must have extensive investment/market expertise. Ideal experiences would be founded in managing a diversity of asset classes, as well as all aspects of the investment process for retirement or comparable systems.
The successful candidate will receive an attractive and commensurate salary based upon applicable work experience.
Please send your resume via e-mail or US Mail to:
Korn/ Ferry International
Attn: Michael Kennedy - Managing Director and Senior Client Partner
1230 Peachtree Street, Suite 2000
Atlanta, GA 30309
or michael.kennedy@kornferry.com
posted 10/11/07
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