Career Opportunities

The SC Retirement System Investment Commission is recruiting for Dir. of Internal Audit and Compliance for a diverse $26 billion dollar pension fund. The RSIC manages a complex and diversified portfolio that includes traditional as well as alternative asset classes. Alternative asset classes used include private equity, private debt, private real estate, hedge funds, global asset allocation and opportunistic credit. The RSIC gains access to these asset classes through traditional means as well as through several strategic partnerships. This is a new role that reports directly to the Audit Committee that will determine the scope of activities for the Internal Audit and Compliance functions and building frame work for managing risks across the Commission’s operations. A Master’s degree in business, finance, accounting, IT, or a MBA with 10 yrs, 5 of which in a supervisory role, in financial services audit or controls or compliance related field. Designation as a CPA, CIA or CISA. Apply online at http://www.ohr.sc.gov/OHR/OHR-scinvestment.phtm Recruitment closes March 1, 2012.

posted 2/1/12

Florida

DIRECTOR, DIVISION OF RETIREMENT SERVICES
Florida Retirement System

The Florida Retirement System (FRS) Pension Plan is the fourth largest public pension plan in the United States. The Director of Retirement Services directs and oversees the activities of the Division of Retirement, which consists of managing a staff of approximately 200 employees through five direct reports and an operating budget of $33.0 million ($19.0 million in Trust Funded administrative costs and $14.0 million in General Revenue benefit payouts). The Director recommends policy decisions on numerous subjects, prepares the legislative budget request and operating budget for the Division, issues final agency actions and signs agency orders pertaining to the Florida Retirement System (FRS) coverage, eligibility and benefits. Specific responsibilities include:

Directing the administration of the Florida Retirement System (FRS), a state-wide system for approximately 600,000 public employees who are employed at all levels of state and local government agencies. Activities included in administering the FRS are the enrollment of members and employing agencies, the collection and accounting of more than $3 billion annually in employer contributions, the maintenance of membership records, the calculation of retirement benefits and the counseling of members, as well as the maintenance and development of data processing support systems for the Division.

Directing the administration of “The Florida Protection of Public Employee Retirement Benefits Act” which requires the Division to monitor, evaluate and report on the actuarial soundness of local government pension plans (cities and special districts), and report its findings in a formal annual report to the Governor and Legislature.

Directing the administration of the “Municipal Police and Firefighters’ Premium Tax Trust Fund” program which involves the monitoring of these pension funds for compliance with state law and rule, providing technical assistance and interpretation of law and rule, determining the amount and approving the distribution of the premium tax funds to these plans, holding an annual conference and training seminars for trustees of the pension plans, and providing legislative recommendations.

Directing the administration of the Optional Retirement Program for faculty of the State University System; the Optional Annuity Program for the state Senior Management Service; the Supplemental Retirement Benefits Program for Cooperative Agricultural Extension Personnel; and the Health Insurance Subsidy program for retirees under the FRS.

The successful candidate will possess significant successful senior leadership experience, professional presence and maturity, excellent communication skills, political acumen, and the highest integrity.

Compensation will consist of a competitive salary and benefit package dependent on the experience, qualifications and credentials of the successful candidate.

Please email your resume to:
Elaine Jordan
Elaine.jordan@eog.myflorida.com

posted 1/27/12

New Mexico

EXECUTIVE DIRECTOR
Public Employees Retirement Association of New Mexico

(SALARY UP TO $161,123.25)

The Executive Director reports to the Board of Trustees of this $11 billion public retirement system. Responsibilities include administration of Board policies and programs, overseeing fiscal management and operations of PERA, coordination with other N.M. state agencies, including the New Mexico Legislature, and other outside agencies.

Ten years of increasingly responsible management experience, including five years administration and supervisory responsibility and demonstrated strength in fiscal management and budgeting; experience working with a board of directors; experience in the legislative process; experience in pension, retirement or similar organizations.

Education: Bachelor’s degree, major emphasis in management with technical disciplines related to pension management. Advanced professional degree preferred.

Licensure/Certification: Certified Pension Professional, CFA, CPA or JD desirable.

POSITION DETAILS
This is a full-time job requiring not less than 40 hours per week. Incumbent supervises the administration of board policies and assigned programs and activities of NMPERA; provides leadership to PERA employees in terms of collegiality, initiative and ethical conduct; coordinates assigned activities with other state divisions, the legislature and outside agencies; and provides responsible and complex administrative support to the NMPERA board.

SUPERVISION RECEIVED AND EXERCISED\
Receives general direction from the board
Exercises direct supervision over supervisory, professional, technical and clerical staff.

ESSENTIAL FUNCTION STATEMENTS – Essential responsibilities and duties may include, but are not limited to the following:

Plan, direct, coordinate work of assigned staff; assign work activities, projects and programs; review and evaluate work products, methods and procedures; meet with staff to resolve problems.
Achieve the long term policies and strategic objectives established for PERA by the board, including:
- Determine appropriate methods for attaining the board-established policies and strategic objectives;
- Direct PERA employees in the furtherance of those objectives, and
- Ensure the management activities and decisions are within board-approved policies.
Facilitate the efficient operation of PERA and the board’s committees.
Act as a liaison for communication and information flow between the board and PERA employees, ensuring effective internal communications.
Regularly advise and consult with outside organizations, membership constituency groups, employers and the legislature, ensuring effective external communications.
Manage essential public relations for PERA, maintaining a positive public image.

QUALIFICATIONS
Knowledge of:
Principles of supervision, training and performance
Operational characteristics, services and activities of a pension program
Actuarial principles and their statistical application
Fundamentals of the securities industry
Principles and practices of budget preparation and administration
Legislative process, NM experience preferred
Pertinent Federal, State and local laws, codes and regulations.

Ability to:
Establish and maintain effective working relationships with those contacted in the course of work
Make sound decisions and/or recommendations
Communicate clearly and concisely, both orally and in writing
Analyze problems, identify alternative solutions, project consequences of proposed actions and implement recommendations in support of goals
Research, analyze and evaluate new service delivery methods and techniques
Oversee and participate in the management of PERA’s operations, services and activities
Oversee, direct and coordinate the work of staff
Delegate effectively
Select, supervise, train and evaluate staff while providing equal employment opportunities to all PERA employees
Develop and administer operational goals, objectives and procedures
Prepare and administer large and complex budgets
Prepare clear and concise administrative financial reports
Interpret, explain and/ or apply Federal, State and local policies, laws, regulations, court decisions and proposed legislation
Initiate recommendations to the board

WORK CONDITIONS
Normal office environment with limited, but regular, in-state and out-of-state travel.

Deadline to receive letters of interest with resumes and references February 27, 2012.
                                    Jane Clifford, Executive Assistant
                                    Public Employees Retirement Association of New Mexico
                                    P.O. Box 2123
                                    Santa Fe, New Mexico 87504-2123 (by mail)
                                    Or 33 Plaza La Prensa, Santa Fe, New Mexico 87507 (by UPS/FedEx,
                                    etc.)
                                    Or by e-mail: jane.clifford@state.nm.us

For further information, please contact:
                                    Jane Clifford, Executive Assistant
                                    Phone (505) 476-9305; Fax (505) 954-0344
                                    E-mail jane.clifford@state.nm.us

posted 1/27/12

Indiana

DIRECTOR OF ABSOLUTE RETURN
Indiana Public Retirement System

Department: Investments
Purpose:
This position participates in the formulation and implementation of investment strategy at the organization. The position is involved in all aspects of investment management including asset allocation, evaluation of strategies, risk management, manager due diligence and selection, and portfolio monitoring for Indiana Public Retirement System (INPRS). This position reports to the Chief Investment Officer.

The position also interacts with a wide variety of world-class managers and gains unique insights into global investments.

Duties:

Adhere to the CFA Institute Code of Ethics and Standards of Professional Conduct as well as all internal policies and procedures.
As a member of the Investment Team, support the investment team in the Asset / Liability management of the Trust.
As a member of the investment team, support the investment team in the development and management of the strategic asset allocation model.
Ensures that all actions taken in the absolute return allocation are consistent and in accordance with established Investment Policy guidelines and philosophy.
Monitors day to day activities of the absolute return program (hedge funds and opportunistic investments) including investment transactions, status reports, and portfolio performance. Research, analyze and evaluate investment strategies and individual investment positions.
Monitor absolute return and opportunistic managers by reviewing risk / return profiles and performance through research and analysis of portfolio strategies, securities holdings, and performance attribution analysis. Complete one on-site manager review and one in-house manager review each year. Ensure compliance with contracts, and investment policy guidelines.
Liaison to absolute return and opportunistic managers, advisors and consultants, for effective and efficient execution of absolute return and opportunistic investment strategy.
Research, identify, interview and evaluate absolute return and opportunistic manager universe to identify candidates for inclusion in absolute return and opportunistic strategic asset allocation. Make appropriate recommendations to the Chief Investment Officer.
Prepare presentations and reports illustrating investment recommendations and performance of absolute return and opportunistic investments.
As required, support the Chief Investment Officer and other Directors in the oversight of their respective investment programs.
Research, analyze and interpret data concerning best practices in institutional management of absolute return investments. Recommend and implement approved policies, practices and strategies as required.
As required, conduct and complete, on a timely basis, any special projects related to the ongoing development of the INPRS Investment Program.
Continue the development of industry knowledge and expertise through continuing education activities such as industry meetings, conference calls and independent study.
This position supervises internal Investment Analyst.
Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form.
To perform this job successfully, an individual should have knowledge of Database software; Internet software; Spreadsheet software and Word Processing software.

Experience and Qualifications:

MBA or equivalent
7 years investment related experience and/or training; or equivalent combination of education and experience.
CAIA Designee, CFA Charter holder or Candidate in the CFA program desired but not required.

To apply, contact:

Anitra Dillard
adillard@inprs.in.gov

posted 1/24/12

California

RETIREMENT ADMINISTRATOR
Fresno County Employees’ Retirement Association

The Fresno County Employees’ Retirement Association (FCERA) is one of 20 county retirement systems formed under the California State Government Retirement Law of 1937, providing retirement benefits for eligible employees of the County of Fresno, Superior Courts of California Fresno, the Fresno-Madera Area Agency on Aging, Clovis Veterans Memorial District, and Fresno Mosquito and Vector Control District. FCERA has net assets of about $3.1 billion and membership comprised of 5,769 retirees, 1,451 deferred/inactive employees and 6,724 current employees. FCERA’s FY11/12 budget is $4.754 million with a staff of 28. Under the direction of the Board of Retirement, the Retirement Administrator is responsible for directing the operations of FCERA, implementing and monitoring Board policy, and coordinating the activities of contracting, investing and consulting firms on behalf of the Board. Requires a bachelor’s degree (certification as a Certified Public Accountant is desirable) and 5 years of increasingly responsible administrative/management experience with a CERL system or other defined-benefit retirement system of similar or larger size and complexity. It is preferred that candidates have experience either working with 1937 Act organizations or comparable public pension plans. Salary DOQ. Apply on-line at www.allianceRC.com as soon as possible. Resume review will begin on February 10, 2012. Contact Sherrill Uyeda or Syldy Tom at (562) 901-0769 or email apply@allianceRC.com. EEO/ADA.

posted 1/23/12

Washington, D.C.

PROJECT MANAGER
District of Columbia Retirement Board

Salary Range: $86,680-$108,350 (Grade 10) (Career Service) Entire Range: $86,680 - $130,020

The Project Manager is directly responsible for creating and executing project work plans and revises as appropriate to meet changing needs and requirements. The Project Manager will lead DCRB through all phases of project planning including concept, development, implementation, and closeout, overseeing the work breakdown structure, critical path, and change control while ensuring required resources are available. The Project Manager will coordinate and lead projects including special benefits administration information technology projects that are essential to DCRB’s mission.
QUALIFICATIONS: Bachelor’s degree in Business Administration, Information Technology, Human Resources, related field or combination of related experience and education. PMP certification preferred. At least five to seven years of previous project management experience. Preferred experience with benefits/retirement systems. Experience with and knowledge of quality assurance, records/document management, and reengineering principles.
Please visit http://dcrb.dc.gov for more information on applying and submission of application.

Please email application content to:
dcrb.vacancies@dc.gov

Submit application materials to:
HR Manager
DC Retirement Board
900 7th Street NW, 2nd floor
Washington, DC 20001

posted 1/21/12

Ohio

CHIEF INVESTMENT OFFICER
School Employees Retirement System of Ohio

The School Employees Retirement System of Ohio provides pensions and access to healthcare coverage to its participating members. SERS has assets of $10 billion and serves 125,337 active members as well as 67,221 benefit recipients. Its members include anyone who works in a school or school system in a non-teaching position, such as bus drivers, custodians, treasurers, administrative assistants, food service providers and educational aids. The Board of Trustees is comprised of nine individuals, including two retired members who are elected by current retirees as well as four members who are currently employed and elected by active members. The remaining three members are designated as investment experts, and one each is appointed by the Governor, Treasurer or State Legislature.

The Chief Investment Officer (CIO) reports to the Executive Director. The CIO manages the day-to-day investment activity and the multiple outside investment managers and advisors of the retirement system, formulates long-term investment policies and strategies, makes recommendations to the Executive Director and the Board of Trustees, and implements approved polices and strategies. The CIO leads a team of investment officers as well as operations/administrative staff. The CIO also is responsible for serving as the in-house investment expert to the Board of Trustees, providing education and advice on asset allocation, portfolio structure, and investment strategies. The CIO, as a member of the senior leadership team, participates in the strategic planning process and in the formulation of SERS' organizational mission, objectives, and strategies.

The successful candidate will possess demonstrated leadership and operational management skills. The ideal candidate will have a 10+ years of relevant experience with responsibility for the formulation and/or implementation of investment policy for substantial portfolios across all major asset classes, is required. Experience within a public pension system is preferred.

Please send your resume via email or US mail to:
Attn: Michael Kennedy – Managing Director and Senior Client Partner
1201 West Peachtree Street NW Suite 2500, Atlanta GA 30309
Michael.kennedy@kornferry.com

posted 1/17/12

New York

CHIEF INVESTMENT OFFICER
The New York State Common Retirement Fund

Location	Albany, NY and New York, NY
Reporting Relationship	Reports to the State Comptroller, Thomas P. DiNapoli, Trustee of the Common Retirement Fund.
Website	http://www.osc.state.ny.us/index.htm

COMMON RETIREMENT FUND BACKGROUND/CULTURE

The New York State Common Retirement Fund (CRF or the Fund) holds assets in trust for more than one million members, retirees and beneficiaries who participate in the New York State and Local Retirement System (NYSLRS or the Retirement System). The $146.9 billion Common Retirement Fund is one of the largest institutional investors in the world. The Retirement System comprises the New York State and Local Employees’ Retirement System, which was established in 1921, and the New York State and Local Police and Fire Retirement system, which was created in 1966. Beyond the prudent management of the Fund’s assets, the Retirement System’s purpose is to provide excellent service to its members and pensioners, strengthen its partnership with participating employers and, above all, ensure the integrity of the Fund.

KEY RESPONSIBILITIES

The Chief Investment Officer will perform as the senior investment executive and will be responsible for prudently managing the $146.9 billion dollar Common Retirement Fund under the executive supervision of the Funds’ Trustee, the State Comptroller. The CIO will provide leadership to the Division of Pension Investment and Cash Management in strategic planning; effective execution of and compliance with investment and other policies, laws and regulations; and management of investment operations. He/she will work actively with the State Comptroller, keeping him fully advised on investment activities, and will establish and maintain effective communication and constructive relationships with investment advisors, consultants and OSC managers.

The CIO will collaborate in the development and recommendation of investment policy, manage external investment advisors, have responsibility for the day-to-day administration of the investment program, and lead the development of key fund performance indicators.

The CIO will be accountable for the administrative management of the Fund and related accounts, as well as the investment process and rigorous reviews of existing and prospective investments, and will provide recommendations for investment strategies and external investment advisors. An Investment Advisory Committee (IAC) and a Real Estate Advisory Committee (REAC), made up of investment experts appointed by the State Comptroller, work in a consultative manner with the CIO, with the CIO taking the lead. The two advisory committees are responsive and vibrant groups, able to act and provide advice effectively and efficiently in partnership with the CIO.

The CIO will also have broader responsibilities in representing the State Comptroller in his capacity as Trustee, both externally and with internal clients. The CIO will accompany the State Comptroller when needed to present the Fund’s investment overview to critical constituents and stakeholders.

The management responsibilities of the CIO span three physical office locations: one in Albany, NY and two in New York City. While the CIO may choose to have his/her primary office either in Albany or New York City, it is of critical importance that the CIO has a meaningful presence in each of these offices – providing seamless leadership and connectivity while functioning as a team.

Key responsibilities include:

Maintain a consultative relationship with the Comptroller, the Investment Advisory Committee and the Real Estate Advisory Committee with respect to investment-related matters, including, but not limited to, asset allocation decisions and the structure of the investment program with respect to internal and external managers, advisors, consultants, and short-term and long-term investment strategy.
Continuously monitor all external portfolio managers, advisors and consultants to determine if such are abiding by their respective contracts with the Fund, and report to the Comptroller and Investment Advisory Committee at least every 12 months with findings and recommendations.
Have the authority to hire and terminate internal and external managers, advisors and consultants, subject to the Comptroller’s approval.
Advise the Comptroller on the impact of potential legislation on the Fund’s investment program.
Advise the Comptroller about the impact on the investment program of information released to the public, press, legislature, social media outlets or other media releases and similar matters, as needed.
Constantly reevaluate policies, process, standards, measurements and methods to incorporate best practices into the management of the Fund’s investment strategy.
Establish reporting mechanisms to keep the Comptroller, the Investment Advisory Committee and the Real Estate Advisory Committee sufficiently and appropriately informed on the status of the investment program and procedures used for implementation.
Approve and implement contracts or amendments for investment personnel, investment management firms, investment advisors and consultants, including compensation structure, content of requests for proposals, and selections of competitor.
Oversee and monitor portfolio management by staff with respect to performance and risks, benchmarks and costs.
Maintain a well-functioning investment team. Evaluate overall performance of senior investment staff, including their supervisory duties. Develop and enhance the capabilities of other investment staff. Address succession planning for key investment staff personnel.
Provide mentoring and focus for investment professionals to assist them in directing their research and management efforts for active portfolios in areas expected to provide the greatest benefit for assets under their area of responsibility.
Effectively communicate the overall investment strategy to diverse audiences – internally and externally.
Implement and execute the annual goals and objectives for the Fund as adopted by the Comptroller; this includes annual asset allocation recommendations.
Monitor capital markets and economic forecasts, and provide the Comptroller with an on-going analysis of the state of the global economic situation as it relates to the Fund’s investment program.
Demonstrate a thorough knowledge of the institutional investment industry, latest investment research, and good judgment in investment issues.
Maintain the valuation methodologies, respective accounting and internal controls as required by Financial Accounting Standards for the Fund’s investment portfolio.

PROFESSIONAL EXPERIENCE / QUALIFICATIONS

The ideal candidate will have at least 10 years of recent, fulltime experience in investment management, as well as a significant general management background. He/she must have extensive investment/markets expertise. Ideal experiences would be founded in managing a variety of asset classes, as well as all aspects of the investment process for retirement or comparable systems.

The ideal candidate must possess natural leadership abilities, thus being able to enhance the current investment management organization. The right candidate will have demonstrable skills in building and motivating successful teams, and will be a visionary and a strategic thinker.

The ideal candidate will have a passion for excellence and the desire to have a meaningful, positive impact on the Fund and investment organization. The successful candidate will possess excellent interpersonal skills, a compelling presence, and strong business acumen. He/she will have experience in building, leading and mentoring a team of professionals and demonstrated leadership qualities, including the ability to engage and inspire a talented and dedicated senior staff. Ethics must be above reproach.

Presentation skills, both oral and written, must be superb. Mature and self-assured, the successful candidate must be able to demonstrate credibility and engender respect, both internally and externally. The CIO must continue to build a team that is supportive of one another, respects individual skills, is innovative, and takes opportunities to develop professional skills.

The successful candidate will have demonstrated a favorable record in one or more investment strategies, managing a portfolio of diversified assets within a similar environment to that of the Fund. The CIO will provide strategic insights on asset allocation and be able to anticipate any directional changes in financial markets and industry trends which may affect the Fund’s performance.

The CIO will also need to have strong existing relationships, or the ability to develop relationships, with top-performing investment organizations. The successful candidate will have the following experience/traits:

Success driving top tier results; a high achiever who has achieved excellence in both academic and professional pursuits, and a record of rapid advancement in every challenge undertaken.
Superb team-building skills, with a predisposition to building consensus and achieving goals through collaboration rather than purely direct line authority.
Positive, results-oriented style, evidenced by listening, motivating, delegating, influencing, and monitoring the work being done.
Collaborative and able to work effectively with multiple constituencies – internal (Comptroller, Investment Advisory Committee, Real Estate Advisory Committee, staffs and stakeholders) and external (consultants, investment managers, etc.).
High level of energy, sense of urgency, creativity and decisiveness, coupled with the ability to remain focused and rise above pressure.
Engaging, open interpersonal style, complemented by the analytical pragmatism necessary to quickly dissect highly complex issues.
Strong operations leadership and management skills within environments similar to that of the Fund.
Genuine interest in mentoring and developing professional staff members.
Unquestionable integrity, credibility and character, demonstrating high moral and ethical behavior.
Ability to establish immediate credibility among staff; a professional who is respected for their intelligence and functional expertise. Ability to promote and maintain positive working relationships with co-workers, OSC staff and external contacts.

Additionally, the successful candidate will possess the following knowledge, skills and abilities:

Depth and breadth in the area of pension funds – a strong understanding of public retirement funds, including accountability to plan sponsors and Retirement System members, financial reporting, accounting rules, media interface, and overall public sector operations.
Comprehensive knowledge of investment and concepts, strategies, styles, and analytical methodologies from the total portfolio level to individual security selection.
Knowledge of global and domestic macro economic and capital market issues relating to investments.
Knowledge of statistical concepts, methods and models, and their application to investments.
Extensive skill in negotiating issues and resolving problems.
Strong media relations acumen – a communicator who is able to tailor a message to whomever they are speaking to and can provide a business case to support decisions. Outstanding written, verbal and presentation skills are required.
Ability to promote and maintain harmonious working relationships with co-workers, agency staff and external contacts and to work effectively in a professional team environment. >li>Demonstrated ability in developing investment objectives and establishing performance benchmarks, policies, strategies and tactics for a large diversified Retirement Fund.
Bright mind, strategic and detailed – intellectual curiosity.
Vast knowledge across asset classes (broadly defined as public, private and real assets) and have substantial breadth of experience investing as a manager of managers, fund of funds manager, plan sponsor, direct investor or highly sophisticated consultant or investment advisor.
Superior business sense and multiple years of financial markets exposure.
Known for integrity, credibility and character; demonstrates high moral and ethical behavior.
Experience in interfacing and working collaboratively with governmental entities, such as legislative bodies.
Demonstrated ability in developing investment objectives and establishing performance benchmarks, policies, strategies, and tactics for a large, diversified pension fund.
Experience with consultants and investment management professionals is required.

EDUCATION
An advanced degree in finance, economics, or a related field and a CFA are strongly preferred.

COMPENSATION
The successful candidate will receive an attractive and commensurate salary based upon applicable work experience.

CONTACT
To apply, interested candidates must submit a formal resume to:
Michael Kennedy
Senior Client Partner
1201 West Peachtree St., NW
Suite 2500
Atlanta, GA 30309
404-222-4009
michael.kennedy@kornferry.com

posted 1/17/12

North Carolina

DEPUTY DIRECTOR, SUPPLEMENTAL RETIREMENT PLANS
North Carolina Department of State Treasurer

JOB TITLE: Deputy Director, Supplemental Retirement Plans
WORKING TITLE: Deputy Director, Supplemental Retirement Plans
VACANCY NUMBER: 65015147
POSTING PERIOD: 01/09/2012 – 01/31/2012
DIVISION:   ST Retirement Administration
HOURS OF WORK:    8:00 a.m. to 5:00 p.m.
SALARY GRADE EQUIVALENCY: 78T
CLASSIFICATION SALARY RANGE: $53,248 - $88,715
HIRING SALARY RANGE:   $53,248 - $88,715
TYPE OF APPOINTMENT:    Perm/Full-Time
NUMBER OF OPENINGS:   1

Description of Work:
The Department of State Treasurer (DST) serves as the sole fiduciary for the Supplemental Retirement Plans, which includes the NC 401(k), NC 457 and the NC 403(b) plans. DST oversees the Supplemental Retirement Board of Trustees (Board); Third Party Administrator; Investment Consultant; Investment Managers; Custodian Banks; and Independent Auditor. In total the Department oversees 28 contracts with firms supporting the Supplemental Retirement Plans. Current plan statistics are as follows:

NC 401(k) Plan: $4.8 billion; 225,000 participants and 950 Employers
NC 457 Plan: $750 million; 31,579 participants and 205 Employers
NC 403(b) Plan: currently under construction with a first half 2012 planned implementation

The Retirement Services Division (RSD) is a division of DST and is responsible for the administration of several retirement systems, including the Supplemental Retirement Plans. The administration of the Supplemental Retirement Plans includes vendor oversight of collecting member data from employers, processing new deferral applications, paying benefits to retired members, creating and executing a communication plan, providing education to individual members, and informing the member population of any changes to the Plans. The Supplemental Retirement Plans organizational unit is responsible for working with the State Treasurer, the Board, members of the General Assembly and their staff, as well as other State agencies and local governments to research and develop retirement policy for the state. It provides assistance to the State’s congressional delegation as well as to legislators and committees of the General Assembly, including the drafting of proposed legislation (e.g., 403(b)). The unit responds to action and administrative inquires by officials of local governments and individual members of the retirement systems. It maintains a working relationship with associations and organizations of employees and employers and provides information to State departments, agencies, institutions, public schools, universities, community colleges and local governments. It is also responsible for the oversight of providing accurate and relevant information to over 250,000 participating members of the Supplemental Retirement Plans and to the media and public at large.

The Deputy Director of the Supplemental Retirement Plans will assume responsibility for the Supplemental Retirement Programs, including the IRC Sections 457, 401(k) and the 403(b) plan. This position has responsibility for constituent relations, communications, training & development, legal, legislative analysis research, fiduciary oversight, audit, planning and publications. This is highly responsible professional management and administrative position relative to the State’s Supplemental Retirement Plans assigned to this Department. This employee is responsible for setting policy and interpreting precedents with the constraints of the IRS code, rules, regulations and governing body of the Supplemental Retirement Plans. Employee reports directly to the Director of the Retirement Systems Division and is expected to demonstrate a high level of technical competence and independent judgment in the discharge of assigned functions. This employee is second in command and covers the role of the Director in their absence for everything associated with the Supplemental Retirement Plans. Employee is responsible for the direct supervision of one Support Specialist.

Detailed Deputy Director description of responsibilities and duties are as follows:

Ensures compliance with Federal, State and IRS law in the administration of the Supplemental Retirement Plans. Successful candidate will review publications and periodicals to maintain knowledge and awareness of Congressional actions, IRS changes, and NC Legislative changes and to work with the Plan vendors to evaluate the modifications necessitated by such changes.
Relieves the Director of administrative details; initiates new and revised policies, methods, and procedures as required. Includes assisting the Director in the general administration of the Supplemental Retirement Plans, reviewing draft legislation affecting the Plans and recommending language to enhance benefits or clarify existing statutes.
Develops and maintains a Fiduciary Program for the Board of Trustees, staff and the Treasurer, which ensures all parties involved are: Always acting solely in the interest of the plan’s participants and beneficiaries; Maintaining the plan and its assets for the exclusive purpose of providing benefits; Acting with care, skill, prudence and diligence as a prudent person would act in a similar circumstance; Diversifying the plan’s assets to minimize risk unless it is prudent to do otherwise; and maintain the plan in accordance with governing laws and the plan document.
Represents the Division and Department, as required, at Treasurer’s senior management team meetings, conferences, meetings, etc.; assists in maintaining effective relationships with departments, agencies, organizations, legislators, local governments, and the public in order to protect member and retiree interests and benefits.
Oversees the quarterly Board Meetings and Investment Subcommittee, as well as, the annual Audit Subcommittee meeting for the Supplemental Retirement Plans. Responsibilities include, but are not limited to, Agenda creation; meet with Treasurer/Director to prepare for meetings; oversee Board meetings in lieu of Treasurer/Director availability; creation of meeting minutes; and execution of Board directives.
Responsible for developing a strategic plan for the Supplemental Retirement Plan, and developing an appropriate performance management system capable of tracking short-term goals that support the strategic plan. Will also present staff recommendations to the Treasurer, Retirement Systems Director, and the Board.
Relationship management and establish processes to ensure contractual compliance of external sources, including, but not limited to: third party administrator, investment managers, custodians, legal counsel, investment consultant, independent auditors, and legislature.
Responsible for all communications related to the Supplemental Retirement Plans. Responsible for comprehensive communication strategy including quarterly newsletter, website enhancement and the Annual Benefit Statement. Oversees the development of the Supplemental Retirement Plans knowledge management system, forms and letters for the entire division.
Assist the Financial Operations Division with the timing, review and execution of the 401k and 457 Plans financial statements which are audited by independent auditors.
Represent the State at various conferences, etc.
Execute contracts on behalf of the State.

Knowledge, Skills and Abilities:
Considerable knowledge of retirement and employee benefit plans and investment products. Considerable knowledge of the principles and practices of public and business administration. General knowledge of accounting practices and procedures. Ability to initiate and install administrative programs and procedures and to evaluate their effectiveness. Ability to work independently with little or no supervision and with responsibility for meeting very specific strategic objectives as they relate to administration of the Plans. Ability to exercise judgment and discretion in establishing, applying, and interpreting policies and procedures. Ability to plan, assign, and supervise the work of others. Ability to establish and maintain effective working relationships with agency personnel, officials, Board members, plan participants, NC Associations and the general public. Demonstrated ability in public speaking; Board or Committee meeting preparation and presentation; and the ability to drive results and execute.

Training and Experience Requirements:
Bachelor’s degree in business administration, economics, finance or a related field from an appropriately accredited institution and four years of administrative experience in the operation of a retirement or fringe benefit program, two of which must have been supervisory in nature; or an equivalent combination of education and experience.

Management Preference:
MBA or MPA. CFP, CHFC, CRC, or CRA. Knowledge of governmental and benefit plan specific accounting reporting requirements.

How to Apply:
To apply for this position, please go to http://www.osp.state.nc.us/jobs/. If you are unable to apply using this automated online application, the respective paper application (Form PD-107) can be accessed from the NC OSP General Employment Information link. Paper applications must be received in the Human Resources Office no later than 5:00 pm on the closing date. Send paper applications to : Department of State Treasurer, Attention: Human Resources, 325 North Salisbury Street, Albemarle Building – Suite 101, Raleigh, NC 27603-1385. Please note that degrees must be received from appropriately accredited institutions. The N.C. Department of State Treasurer is an Equal Opportunity employer and will use the Merit- Based Recruitment and Selection Plan to fill this vacancy.

posted 1/11/12

New Mexico

CHIEF FINANCIAL OFFICER and ADMINISTRATIVE SERVICES DIRECTOR
New Mexico State Investment Council

New Mexico State Investment Council is searching for a strategic financial leader as Chief Financial Officer and Administrative Services Director (CFO) for this $14.4 billion fund. The SIC oversees investments of the State’s Permanent Funds and other monies invested by New Mexico governmental entities.

The CFO, reporting to the State Investment Officer, is responsible for the financial, accounting, auditing and reporting functions; HR; IT; and risk management and compliance. Candidates should be an experienced financial leader that ideally has a strong understanding of investment accounting, government administrative accounting, and state government budgeting. Experience managing HR and IT functions is preferred. A bachelor’s degree (CPA preferred), at least seven years of relevant experience, and a positive track record of leading organizational change are also required.

For further information or to apply, please contact Deb Majoros at Hudepohl & Associates, dmajoros@hudepohl.com or 614-854-7300.

New Mexico is strongly committed to diversity in the workplace EOE.

posted 12/20/11

ADMINISTRATIVE OFFICER
National Association of Public Pension Attorneys

The National Association of Public Pension Attorneys is seeking candidates for the position of Administrative Officer. Please see the full Employment Opportunity.

posted 12/15/11

EXECUTIVE DIRECTOR
National Council on Teacher Retirement

Association Background:
The National Council on Teacher Retirement (NCTR) is constituted as an independent association dedicated to
safeguarding the integrity of public retirement systems in the United States and its territories to which
teachers belong and to promoting the rights and benefits of all present and future members of the systems.
NCTR membership includes 68 state, territorial, and local pension systems. These systems serve more than 18
million active and retired teachers, non- teaching personnel, and other public employees, and have combined
assets of more than $1.8 trillion in their trust funds.

NCTR is governed by a ten-member Executive Committee to whom the Executive Director reports, and is
additionally staffed by a full-time Assistant Executive Director, Operations; and a part-time Communications
Assistant. In addition, NCTR also has a contracted Federal Government Relations Director. The NCTR
headquarters and staff are located in Sacramento, CA; and the Federal Government Relations Director is in
Washington, D.C. The Executive Director will work in a virtual office setting for the first year of employment.

Key Responsibilities:
The Executive Director is the chief executive officer and administrative head of NCTR. The Executive Director
provides leadership in planning, developing and implementing long and short term strategies; ensuring
appropriate business practices and accounting controls are in place; planning and organizing the Annual
Convention as well as other NCTR workshops and Executive Committee meetings; and representing NCTR in
official capacities with outside organizations and with the media.

Essential Duties include but are not limited to the following functions:

Strategic Planning and Leadership
1. Participates in and coordinates the development of the NCTR strategic plan and is responsible for its
execution.
2. Serves as spokesperson for NCTR in coordination with the Federal Relations Director.
3. Represents NCTR at national and local meetings and communicates NCTR policy positions on matters
of retirement security and the effective governance and administration of public pension plans.
4. Promotes and sustains positive and effective alliances with other stakeholder organizations.
5. Works closely with member pension systems including periodic visits when feasible.

Finance
1. Presents a proposed budget to the Executive Committee in advance of the beginning of the new fiscal
year.
2. Insures that monthly financial statements are prepared, reviewed by the CPA, and distributed to the
Secretary-Treasurer.
3. Annually recommends any changes to member dues, meeting fees and Convention registration fees.
4. Reviews NCTR’s financial position on a monthly basis and makes periodic reports to the Executive
Committee.
5. Insures that an Annual Audit is performed by an outside auditor and the Auditor prepares and submits
applicable State and Federal tax returns.

Conference and Meeting Planning
1. Annually secures sites for all NCTR meetings and enters into necessary contracts.
2. Facilitates the planning of the agenda for the Annual Convention with the President-Elect, secures
speakers, and determines promotional activity related to the convention.
3. Oversees the logistical preparation for the Convention including planning for any off-site functions,
audio visual equipment and meal functions.
4. Plans agendas for all other NCTR meetings including Executive Committee meetings, the Directors’
meeting, the Trustee Workshop, and other committee meetings and workshops.

Operations
1. Coordinates the annual membership renewal process and seeks to maintain a stable membership by
recruitment of new members to replace those who elect not to renew their membership.
2. Coordinates all meetings and workshops of NCTR, does advance site work when necessary, and
provides on-site meeting management.
3. Supervises the NCTR headquarters staff and coordinates activities of third parties such as the Federal
Governmental Relations Director.
4. Supervises the conduct of the Annual Convention and insures that a record of the meeting is made
available on the NCTR website.
5. Assists the President in the appointment of committee members. Works with committee chairs to
prepare for committee meetings and insures there a record of such meetings.
6. As special projects and/or initiatives are identified by the Executive Committee, the Executive Director
provides necessary leadership and management of such projects.

Communications
1. Serves as a spokesperson for NCTR and responds to inquiries from member systems, individual
members, the press and other organizations regarding issues pertinent to teacher pension plans.
2. Reviews the NCTR website to insure it provides information that is topical and helpful to member
systems, individuals and other organizations.
3. Produces an NCTR newsletter, at least quarterly, which provides important information about the
organization to its membership.
4. Represents NCTR in various venues such as forums, meetings of NASRA. CII, GFOA and other trade
groups where it is important for NCTR to have a presence. The Executive Director also serves on the
Board of the National Institute on Retirement Security
5. In conjunction with the Executive Committee, develops and implements a comprehensive
communications plan.

Qualities:

·    Ability to work independently in a virtual work setting
·    Knowledge of all types of retirement systems (e.g. defined benefit, defined contribution and hybrid models)
·    Ability under general direction to work with a governing board
·    Good communication skills: oral and written
·    Good interpersonal skills to deal with pension system members, corporate members, the press, and various public officials.
·    Ability to “sell the organization” to potential new members.
·    Willingness to travel and be away from home on weekends.
·    Recognition in the public pension community.
·    Budget development and management skills.
·    Event planning and management experience
·    Knowledge of public administration at state, local and federal levels.
·    Ability to collaborate with other trade associations on common issues.

Qualifications:

·    Basic knowledge of public pension administration and principles
·    At least 5 years of experience in an executive role at a public pension fund or a similar amount of management experience in a comparable entity.
·    Public speaking experience before a Legislative body or comparable entity.
·    Direct experience in supervision of a staff.
·    Bachelor Degree with an advanced degree or industry certification desirable.

Compensation:

Compensation will correspond to the experience and credentials of the candidate. The minimum starting salary will be $130,000. There is currently a SEP-IRA retirement plan in place for the Executive Director. Additional compensation and benefits are negotiable.

Start Date:

June 2012 to work with the current Executive Director on transition. The current Executive Director will continue employment until June 30, 2012.

To apply:

The following should be emailed to Robyn Gonzales (rgonzales@nctr.org) by February 10, 2012:

1. A resume listing relevant experience and qualifications
2. Responses to the following questionnaire. The response document should be no longer than three pages.

NATIONAL COUNCIL ON TEACHER RETIREMENT

Executive Director Applicant Questionnaire

1. What is your current assessment of public pension plans and what changes do you see in next five years for public pension plans?

2. Membership is a key issue in any trade association. How would you approach membership development for NCTR?

3. NCTR will have a “virtual office” for at least the first year under the new Executive Director. The Business Operation will remain in Sacramento. What resources would you need to function in such an environment and what management style would you utilize?

4. NCTR’s Annual Convention is the major revenue source for the organization. There are numerous pension conferences in the country sponsored by a variety of organizations. How can NCTR differentiate its Annual Convention from other conferences?

5. The Communications Function is ever changing in this electronic world (webinars, social media, on-line streaming etc.). What challenges and opportunities does this present for NCTR?

6. NCTR has a Federal Relations Director on contract in Washington D.C. How will you utilize and interface with this resource?

posted 12/7/11

New York

MANAGING DIRECTOR OF PRIVATE EQUITY
New York State Teachers' Retirement System

New York State Teachers' Retirement System
10 Corporate Woods Drive
Albany. New York 12211-2395
(800) 356-3128 or 447-2666 (Albany-area calls)
Web Site: www.nystrs.org
Thomas K. Lee, Executive Director
Human Resources Department
(518) 447-2906

One of the 10-largest public pension systems in the nation seeks experienced professional to
head up Private Equity program with committed capital of approximately $13.3 billion to 140
partnerships in 64 private equity firms. 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.

Summary of Duties
Reporting to the Executive Director/Chief Investment Officer, this position is responsible for leading the New York State
Teachers' Retirement System's private equity portfolio and managing the team. Key areas of
responsibility include strategy, performance monitoring, reporting, due diligence, procedures and
associated operations.

Key Responsibilities:
•Serves as a member of the Internal Investment Committee. The Committee is an advisory
committee to the Executive Director. It reviews and recommends the following:
•Investment proposals, annual Asset Allocation plan, Annual Private Equity Strategic
plan, and the Real Estate Strategic plan.
• Oversees the shift from a traditional U.S. based Fund of Funds private equity program to
a global private equity program with due diligence conducted by System Staff with
support from Private Equity Advisor and use of Fund of Funds limited to
specialized/niche sub-sector strategies.
• Develops strategic and tactical asset allocation of private equity portfolio, including subasset
class ranges and international component
• Reviews and recommends a strategic plan on annual basis to the internal investment
committee and the Board.
• Implements a strategic plan and oversees all stages of new investment due diligence
process and legal document negotiations on business issues.
• Develops and implements a rigorous evaluation process to ensure selection of best private
equity managers for the System’s portfolio.
Monitors existing investments and manages the relationship with the System’s Private
Equity Advisor, General Partners of the System’s private equity investments and other
Limited Partners (“LP”).
• Interfaces, as necessary, with the Retirement System's external Investment Managers,
Board members, as well as with other NYSTRS executives, managers and staff.
• Supervision and professional development of staff.
• Active involvement in the Private Equity LP community in order to stay current with
industry trends and performance.
• Attends conferences and meetings to stay abreast of industry trends and establish
business relationships.
• Performs such other duties as assigned by the Executive Director/Chief Investment Officer.

About Us
Founded in 1921, the New York State Teachers' Retirement System is a self-sustaining public
corporation, responsible for administering the fund from which all public school teachers,
outside of New York City, receive their retirement allowance. A ten member Board oversees the
activities of the System. Our staff manages a multi-billion dollar investment portfolio and
services over 400,000 active and retired members. We are located in Albany, New York.

Our Vision
To be the model for pension fund excellence and exceptional customer service.

How to Apply
To be considered for this position, mail a completed NYSTRS employment application to:
NYSTRS/HR, 10 Corporate Woods Drive, Albany, NY 12211

Please note that although you may include a resume with your application, you must still fill out
the application completely. A resume will not be accepted as a substitute, in whole or part, for a
completed application.

Inquiries regarding vacancy postings, minimum qualifications, or application procedures may be
made by e-mail to strsrecruitment@nystrs.state.ny.us. You can reach us by phone at (518) 447-
2906.

Our Commitment to Diversity
NYSTRS is committed to fostering an inclusive environment where diversity is valued and
recognized as a source of strength and enrichment. We seek to attract talented people from a
diverse range of backgrounds and cultures.

NYSTRS is an equal opportunity employer.

posted 11/21/11

Wisconsin

EXECUTIVE DIRECTOR
State of Wisconsin Investment Board

SWIB manages investments for several trust funds, including the Wisconsin Retirement System (WRS), the 9th largest public pension plan in the U.S. and 30th largest public/private pension fund in the world. SWIB’s total assets under management are approximately $87 billion.

Responsibilities
The Executive Director serves as the chief executive officer of SWIB, reporting directly to the Board of Trustees, and overseeing a staff of 137 through seven direct reports, including a Chief Investment Officer, and one dotted line report.

Requirements
The successful candidate will have progressive management responsibility culminating in a senior management position in a complex financial institution, e.g., pension fund, insurance company, investment management firm, banking institution, or financial government agency. Outstanding leadership attributes, excellent communication skills, professional presence and maturity, and sensitivity to issues of managing a public trust fund are a must. The ideal candidate will also have strong people and process management skills, political acumen, strategic agility, and the highest integrity and ethics.

Opportunity
This position offers the opportunity to provide overall leadership to a top flight investment organization. The role is not to be the direct architect of the investment program, but rather one of a strategic leader who will facilitate the work of all facets of the organization in a collaborative way. Working for a well-funded, stable organization, with a strong, non-political Board, in a professional but flexible environment, are additional pluses of this position.

SWIB is an Equal Opportunity Employer.

For more information, or to apply, contact:
EFL ASSOCIATES
Mary L. Hobson, Executive Vice President
mhobson@eflassociates.com
720-200-7005
Elena McCall, Assistant Vice President
emccall@eflassociates.com
720-200-7021

posted 11/07/11

Missouri

GENERAL COUNSEL
Missouri Department of Transportation and Highway Patrol Employees’ Retirement System

Job Description:

General Counsel

Exemption Status

Exempt

General Summary

The General Counsel is the chief lawyer for the MoDOT and Highway Patrol Employees’ Retirement System and provides advice, counsel and representation to the Executive Director and the Board of Trustees in all matters affecting the System.
The General Counsel exercises a high degree of professional judgment and discretion in preparing legal and professional work product and presenting information and advice to the Board of Trustees, Executive Director, and staff. The General Counsel has responsibility to maintain the highest legal, fiduciary and professional standards for the System. The General Counsel is responsible for supervising outside legal counsel retained by the System and coordinating legal services when necessary with the State Attorney General, the MoDOT Chief Counsel, other state attorneys and counsel for other public retirement systems.

Minimum/Required Qualifications:

Eight years of professional experience in the general practice of law. Four or more years experience as general counsel in a government executive agency or employee benefit plan is highly desirable. Prior practice in corporate board governance and complex financial transactions desirable.
Graduation from an accredited school of law.
Shall be an attorney at law in good standing, and admitted to practice or eligible for admission before all state and federal courts in Missouri.

Supervisory Responsibilities

No

Reports To:

Executive Director

Examples of Work
1. Construction and interpretation of System laws and plan provisions and applicable federal laws affecting plan administration and member benefits. Effectively communicates these matters to the Board, the Executive Director and staff. The plan is impacted by a broad range of federal laws including the tax code, employee benefits and military service.

2. Prosecute administrative hearings before the Board of Trustees including case preparation and discovery.

3. Administer the System’s administrative rulemaking process and draft administrative rules and amendments.

4. Review legislation affecting the System and draft legislation affecting the System. Prepare or review fiscal notes and technical comments. Present legislation to the Board and to sponsors and testify before legislative committees or assist Executive Director and System’s legislative coordinator in doing so.

5. Advise the Executive Director and Board in open meetings and public records law and serve as the System’s records custodian. Assure that confidential records are appropriately classified and under appropriate controls and review to prevent unauthorized release.

6. Advise the Executive Director and the Board regarding corporate governance and parliamentary procedures and draft board governance policies and board rules.

7. Support board and committee functions including research and presentation of issues and drafting of reports and minutes.

8. Represent the System, Board or Executive Director in litigation in the courts or before administrative bodies or supervise outside counsel in such cases and coordinate legal representation with the state attorney general, MoDOT Chief Counsel or other government and other system attorneys.

9. Oversee and coordinate the work of outside counsel for litigation, research and specialized legal matters or in situations where a conflict necessitates use of outside counsel.

10. Advise the Board, Executive Director and staff regarding fiduciary duties and in conflict matters to mitigate or avoid potential, apparent or actual conflicts of interest to assure compliance with fiduciary and conflictive of interest laws. Receive ethics or other policy complaints and develop responsive actions or referrals to resolve complaints.

11. Support internal audit and compliance functions to assure compliance with laws, rules, board governance policies, and internal controls. Provide requested information and opinions to the System’s external auditors. Support the System’s senior financial officer as requested.

12. Provide or support legal due diligence for the System’s investment function including equities, debt, real estate, hedge funds, private equity, and derivatives. Includes review of transaction documentation and investment structures. Review and assist the negotiation of contracts with investment managers and investments custodian.

13. Prepare or review contracts of the System, including vendor contracts for general services, professional services and investment services and inter-governmental agreements. And, support the development of requests for proposal and vendor evaluations.

14. Advise the Executive Director and staff regarding employment law and human resource management and draft or assist in drafting System personnel policies and related documents.

15. Support the System’s management of its facilities including leasing, contracting maintenance and improvements and compliance with applicable zoning and building codes and disability access requirements.

16. Support the System’s member services function including review of various applications, payment disbursement issues, division of benefit orders, garnishments, powers of attorney presented for members, member correspondence and communications, and group presentations.

17. Support the Executive Director and the Board of Trustees in policy and executive matters as requested and including strategic and business planning and risk management planning and execution.

18. Stay abreast of legal, legislative and significant policy developments locally and at the state and federal levels to effectively and timely advise the Executive Director and the Board of Trustees. Coordinate strategy and responsive actions with other retirement systems’ counsel and executive staff that may be similarly impacted. Participate in activities and programs of relevant professional associations that promote the expertise and development of effective management or legal representation of employee benefit plans, systems or programs.

19. Support the System’s board orientation and continuing education program.

20. Lead legal and executive projects as assigned.

Knowledge, Skills and Abilities (KSAs)

Knowledge or intellectual capacity to, within a short time, become expert in statutes establishing the System and benefit plan and state and federal laws affecting plan administration. And similarly to be an expert in trust and fiduciary law, investments, securities, banking and custodial services, administrative hearing and rulemaking procedures, corporate and board governance, employment law, contracts, business structures, public meetings and records law. Also, the ability research and analyze state and national cases affecting the administration of the System and Board of Trustees.

Effective verbal and written communication skills including production of legal briefs, civil and administrative procedural documents, legal memoranda, draft legislation and rules, committee and board reports and minutes, contracts, forms, applications, policies, plan handbooks, and correspondence. Includes the ability to present effectively and professionally to staff, the Board, legislative committees and public forums.

Ability to assess legal and management issues and develop options and responses.

Ability to work independently or collaboratively and to take the lead on assigned legal and executive projects.

Ability to maintain positive and effective relationships in management, board, staff and external contacts related to the System including members, plan sponsors, professional associations and government officials.

Ability to manage multiple projects and to bring projects and assignments to a timely conclusion.

posted 11/2/11

FIDUCIARY SERVICES CONSULTANT
Aon Hewitt

Aon Hewitt is the global leader in human capital consulting and outsourcing solutions. The company partners with organizations to solve their most complex benefits, talent and related financial challenges, and improve business performance. Aon Hewitt designs, implements, communicates and administers a wide range of human capital, retirement, investment management, health care, compensation and talent management strategies. With more than 29,000 professionals in 90 countries, Aon Hewitt makes the world a better place to work for clients and their employees. For more information on Aon Hewitt, please visit www.aonhewitt.com.

The Fiduciary Services Consultant will work closely with the practice team leaders in providing governance and fiduciary advice to clients. The consultant will serve as a core team member in the completion of organizational reviews, fiduciary audits, policy reviews, governance evaluations, strategic planning, and other client projects. The ideal candidate will possess solid research and analytical capabilities, excellent written and verbal communications skills, and superior interpersonal skills. Knowledge of institutional investment practices (due diligence, portfolio oversight, etc.) and/or pension administration is required. The candidate will also need the ability to work under tight deadlines and interact effectively with a variety of clients simultaneously. The ideal candidate will be able to work directly with boards and committees of sophisticated governmental and corporate pension funds.

Responsibilities:

Serve as co-lead or senior support on client projects
Provide proactive and creative support to practice team leaders and clients
Oversee and direct the work of analysts assigned to fiduciary projects
Coordinate and review work product of other consultants within the firm in order to incorporate it, as necessary, into the team's projects
Take a substantial role in developing proposals for new business opportunities
Apply good judgment and appropriate follow-through with senior consultants, pension committees and boards
Demonstrate initiative and ownership of client and research-related work
Exhibit strong knowledge of fiduciary responsibility in pension administration including benefits and investments and apply this knowledge to client work
Co-author complex reports, policies, governance documents, and client memorandums
Develop strategic planning meeting materials, including discussion guides, PowerPoint slides, and handouts to aid in the identification of critical strategic issues, as well as facilitate (or co-facilitate) strategic planning sessions
Conduct training sessions on fiduciary responsibilities for clients; assist practice team leaders in preparing presentations for industry organizations
Provide timely responses to client and consultant requests for information
Manage projects, make presentations and deliver complex work without supervision
Efficiently manage internal resources to meet client and consultant expectations

Education, Experience and Qualification:

BA/BS required, law degree, CPA, CEBS or MBA preferred
The ability to understand fundamentals of governance, organizational design, financial audits, and human resource concepts
Proven research and analytical skills
Familiarity with public pension funds preferred, but not required
Exceptional oral and written communications, including experience making group presentations
Excellent planning, organization and time management skills
A proactive "client pleasing orientation"
Accuracy and attention to details
Strong computer skills: Microsoft Office required
Ability to work well with others in a fast-paced, high-pressure environment
Willingness to travel frequently within the U.S.

All positions require an applicant who has accepted an offer to undergo a background check. The checks run are based on the nature of the position. Background checks may include some or all of the following: SSN/SIN validation, education verification, employment verification, criminal check, search against global sanctions and government watch lists, fingerprint verification, credit check, and/or drug test. By applying for a position with Aon Hewitt, you understand that you will be required to undergo a background check should you be made an offer. You also understand that the offer is contingent upon successful completion of the background check and results consistent with Aon Hewitt's employment policies. You will be notified during the hiring process which checks are required by the position.

Aon Hewitt is an Equal Opportunity Employer Committed to Diversity, M/F/D/V

posted 9/23/11

Florida

COMPENSATION AND BENEFITS MANAGER
Florida Retirement System

OCCUPATION PROFILE
JOB FAMILY: MANAGER
OCCUPATIONAL GROUP: MANAGER
OCCUPATION: COMPENSATION AND BENEFITS MANAGERS
11-3041
DESCRIPTION

The incumbent in this position has direct access to agency managerial employees and information of a confidential nature which has been determined to relate to employer/employee relations, collective bargaining and/or other personnel issues or budget development preparation and/or impact as defined in S.447.203a(4)&(5), F.S.
Responsible for determining eligibility for disability claims from over 1,500+ active members per year. Processes or closes over 10,000+ survivor benefit claims per year. Responsible for administering the retirement benefit payment provisions of the state-administered retirement systems and retiree Health Insurance Subsidy payments to 300,000+ retirees. Responsible for the payment of approximately $5.0 billion in benefit payments. These efforts are accomplished through the management of four subordinate units: Disability Determination Section, Retired Payroll Section, DROP Termination & Refund Payment Section, and Survivor Benefits Section. Specific areas of responsibility are:

1.   Responsible for administering all activities of the Bureau of Benefit Payments, including: personnel matters, budgeting, planning, purchasing, travel, training, and coordinating automated systems’ improvements.
2. Responsible for the final determination of whether to approve or disapprove applications for regular and in-line-of-duty disability benefits.
3. Responsible for the reevaluation of medical and other records of disabled retirees to determine whether benefits should be continued.
4. Personally makes the final determination of whether to approve or disapprove applications for in-line-of-duty death benefits.
5. Determines and insures correct payment of benefits, if any, due to annuitants, beneficiaries, or estates of deceased active and inactive members of the retirement systems in accordance with applicable statutes and rules.
6. Administers payments of retirement benefits and the retiree Health Insurance Subsidy, consisting of $5 billion annually to 300,000+ retirees.
7. Provides monthly retirement warrants with appropriate deductions to payees on the last working day of each month.
8. Develops and issues Federal Income Tax statements to all benefit recipients.
9. Remits proper payment to insurance carriers for premiums deducted from the monthly payroll and to the Internal Revenue Service (IRS) for withholding tax deductions and annual Forms 1099-R data.
10. Approves refund vouchers.
11. Approves retirement benefit vouchers providing monthly retirement benefit warrants to all benefit recipients.
12. Approves the formulation and implementation of electronic data processing systems for the timely and efficient payment of all benefits.
13.   Insures compliance of the Bureau’s activities to applicable laws, rules, and policies.
14. Provides accurate responses (technical and complex in nature) to inquiries regarding the responsibilities under the purview of the Bureau of Benefit payments to active and retired members and beneficiaries via correspondence, individual counseling, telephone, e-mail, publications, meetings, and speaking engagements.
15. Assists in formulating policies, rules, and regulations of the Division of Retirement regarding the practical application of the provisions of the State Retirement Systems.
16. Prepares and administers the legislative budget for the Bureau’s operation and payment of retirement benefits and Health Insurance Subsidy benefits.
17. Administers the payout and benefit provisions of the Deferred Retirement Option Program (DROP).
18. Assists in formulating policies, rules, and regulations of the Division of Retirement regarding the practical application of the provisions of the State Retirement Systems.
19. Prepares and administers the legislative budget for the Bureau’s operation and payment of retirement benefits and Health Insurance Subsidy benefits.
20. Administers the payout and benefit provisions of the Deferred Retirement Option Program (DROP).

Basis for Agency or Unit Establishment:
Chapter 110, Florida Statutes
Chapter 112, Florida Statutes
Chapter 121, Florida Statutes
Chapter 122, Florida Statutes
Chapter 238, Florida Statutes
Chapter 650, Florida Statutes
Chapter 60S, Florida Administrative Code

Statutory or Rule Authority for Operational Activities:
Chapters 110, 112, 121, 122, 238, 250, and 650, Florida Statutes
Chapters 60S, Florida Administrative Code

Unit Functional Responsibilities:
The Bureau of Benefit Payments is responsible for refunding retirement contributions to eligible members or beneficiaries; determining eligibility for disability benefits; processing survivor benefit claims; and maintaining the retired payroll.

Bureau Chief’s Office:
1. Sets Goals, objectives, and plans.
2. Prepares budget and administers expenditures.
3. Interprets rules, policies, and laws.
4. Provides leadership and is responsible for general administration of Bureau functions.

Subordinate Units:
Disability Determination Section:
1. Analyzes applications and makes recommendations for Disability Retirement (Regular and In-Line-of-Duty Disability Retirement), using:
a.      Physician’s Certifications
b.      Workers’ Compensation Reports
c.      Employer Statements
d.      Physician and employer interviews
e.      Rehabilitation reports
f.       Investigative reports
g.      Member statements
h.      Re-evaluates Disability retirees to determine continued eligibility for disability benefits.
i.        Counsels members, their representatives, and reporting agency personnel.
j.        Submits data to Retired Payroll Section for update to the Retired Payroll.
k.      Reviews Unemployment, Workers’ Compensation, and wage file matches furnished by the Office of the Auditor General.
l.        Prepares correspondence regarding explanations of denials on initial disability claims and reexaminations.
m.     Works with Legal Section in preparation of cases denied disability or continued benefits.

Retired Payroll Sections:
1. Maintains monthly Retired Payroll:
    a. Additions to Retired Payroll
    b. Deletions to Retired Payroll
    c. Deductions for Insurance, IRS, and Qualified Domestic Relation Orders (QDROs)
    d. Address and name changes
    e. Benefit revisions
    f.   IRS tax reporting
    g. Correspondence
    h. Works with General Counsel’s Office in handling QDRO’s

2. Insures quality control:
    a.   Duplicate warrants and cancellations
    b. Forged warrants
    c.   Daily and monthly Retired Payroll balancing
    d. Processes refunds
    e.   Credit balances
    f.   Verifies accuracy of additions and changes to the Retired Payroll Databases
    g. Correspondence
    h.   Works with General Counsel’s Office in handling QDRO’s

3. Health Insurance Subsidy Program:
    a.   Determines eligibility of retirees
    b. Approves/disapproves health insurance certification and recertification
    c.   Adds/deletes persons on file
    d. Approves retroactive payments
    e.   Recovers overpayments
    f.   Prepares correspondence relating to the Health Insurance Subsidy
    g. Serves as liaison to retirees, spouses, financial dependents, insurance companies, and employers.

4. Deferred Retirement Option Program (DROP):
a.   Determines payouts
b.   IRS tax reporting
c.   Direct rollovers to qualified plans

5. Survivor Benefits Section:
a.      Analyzes, audits, and processes benefits on accounts of deceased active and retired members
b.      Lifetime benefits
c.      Refunds
d.      Survivor benefits – Teachers’ Retirement System
e.      Corresponds with members/beneficiaries regarding survivor benefits
f.       Counsels with members, beneficiaries, and agency personnel
g.      Collects overpaid benefits
h.      Submits data to Retired Payroll Section for update to the Retired Payroll
i.        Annually verifies continuing eligibility for the following:
j.        Out-of-country payees
k.      Nationwide payees
l.        Students
m.     Miscellaneous
n.      Compares the Retired Payroll file to a tape of deaths recorded in Florida by the Bureau of Vital Statistics each month

Works with General Counsel’s Office in preparation of cases.
************************************************************************************************************************
The State of Florida is an Equal Opportunity Employer/Affirmative Action Employer and does not tolerate discrimination or violence in the workplace.

DMS is a drug-free workplace and successful completion of background screening is a condition of employment. The background screening may consist of fingerprinting and drug testing. Additionally, the State of Florida supports a drug-free workplace and at DMS all employees are subject to reasonable suspicion drug testing in accordance with Section 112.0455, F.S.

Successful completion of background/fingerprint screening is required.

Applicants requiring a reasonable accommodation, as defined by the Americans with Disabilities Act, must notify the DMS Human Resource Office at (850) 488-2707. Notification to the hiring authority must be made in advance to allow sufficient time to provide the accommodation.
The State of Florida and the Department of Management Services participates in E-Verify. This federal law requires all employers to verify the identity and employment eligibility of all persons hired to work in the United States.
We hire only US citizens and lawfully authorized alien workers.
Qualifying Questions
Briefly describe your managerial experience(s), including type of work performed and number of staff supervised.
How many years of experience do you have working in the administration of a defined benefit pension plan?
How many years of experience do you have working in the administration of a defined contribution retirement plan?

All applicants must apply through Peoplefirst:
https://peoplefirst.myflorida.com/peoplefirst(bD1lbiZjPTIzMA==)/logon.htm

posted 08/15/11

Texas

DIRECTOR OF INVESTMENT RISK AND TACTICAL ALLOCATION
Employees Retirement System of Texas

The Employees Retirement System of Texas (ERS), a $23.7 billion fund located in Austin, is seeking a Director of Investment Risk and Tactical Allocation. This is a new position that will report to the Deputy Executive Director of Investments.

Responsibilities
• Perform highly complex investment measurement, analysis and reporting of multiple forms of risk related to the investment portfolios managed by the Investments Division of a public investment institution. Risks include market risk, benchmark, concentration, leverage, counterparty and liquidity risk
• Responsible for development and implementation of a comprehensive investment risk management program across all asset classes, including the creation and documentation of processes for assessing, identifying, monitoring and controlling investment risks within the parameters established by investment policy and applicable state and federal statutes.
• Assist in the formation of strategic and tactical asset allocation related to the overall investment process, performing advanced statistical modeling and preparation of related reports and presentations.

Requirements
• Quant-oriented advanced degree, CFA, FRM preferred.
• Substantial successful investment experience in deployment risk management and/or tactical allocation programs, preferably in an institutional investment environment.

Compensation
• Market-based within the public sector, corresponding to the experience level, credentials, and personal characteristics of candidate.
• Incentive compensation is based on total fund performance as well as individual performance.
• Excellent employee benefits package, including participation in defined benefit and defined contribution plans.

For more information, or to apply, contact:
Elena McCall, AVP
EFL Associates
emccall@eflassociates.com
720-200-7021

posted 7/19/11

Pennsylvania

EXECUTIVE DIRECTOR
Pennsylvania State Employees Retirement System

The Pennsylvania State Employees’ Retirement System (SERS), Harrisburg, Pennsylvania, is seeking an Executive Director. This position serves as chief executive officer, reports to an eleven member Board, and oversees a staff of 197.

SERS was established in 1923 and administers both a defined benefit and defined contribution plan. It is one of the nation’s oldest and largest statewide defined benefit plans, and is comprised of approximately 220,000 members.

The ideal candidate will have at least five years of managerial experience, including at least two years of senior leadership experience in a pension fund, and be an accomplished leader with considerable management experience, professional presence and maturity, strong people skills, outstanding political skills, excellent communication skills, and the highest integrity and ethics. A bachelor’s degree is required; an advanced degree is preferred.

Compensation will consist of a competitive salary and benefit package dependent on the experience, qualifications, and credentials of the successful candidate.

For further information please contact Cheryl Krchnar. To apply, please forward your resume to:
Cheryl Krchnar, Human Resource Director
State Employees’ Retirement System
30 North Third Street, Suite 150
Harrisburg, PA 17101-1716
Phone: 717-237-0265
E-mail: ckrchnar@state.pa.us
Fax: 717-783-0581

The Commonwealth of Pennsylvania is proud to be an Equal Opportunity Employer supporting workforce diversity.

posted 7/13/11

New York

MANAGER OF FIXED INCOME
New York State Teachers' Retirement System

Duties
The incumbent will assist in both the development and implementation of fixed income portfolio(s) strategy, portfolio construction, and risk management. Key responsibilities include:
• Participating in NYSTRS' asset allocation process, planning as it relates to the implementation of the fixed income portion of the asset allocation plan, identifying areas of relative value across fixed income sub-asset classes that are within Fixed Income's investment universe and mandate, assemble a plan to execute said strategy and oversee implementation of the plan.
• Performing due diligence on external fixed income money managers that arise due to new investment mandates in various fixed income sub-asset classes such as global bonds, high yield, and bank loans.
• Implementation includes analyzing asset classes and specific securities, evaluating money manager capabilities and performance and overseeing portfolios and trade execution
• Supervise and provide direction to staff in the management of both short term and long term fixed income portfolios.
• Oversee the professional development of staff.
• Participate in the monitoring of agent lender managed securities lending program, with a focus on the collateral reinvestment component and in the selection of future agent lenders via RFPs.
• Participate in NYSTRS Internal Investment Committee meetings, NYSTRS Board and Investment Advisory Committee meetings.
• Participate in the review and preparation of fixed income related investment policy manuals, consolidated annual report financial reporting information and periodic information disseminated to the NYSTRS Board.
• Handle administrative duties and oversee new and existing initiatives including identification and evaluation of existing and new technology (both fixed income analytical and trading platforms), the annual budgeting process, and overseeing
relationship building with fixed income counterparts as well as review and approve new fixed income counterparts.

Minimum Qualifications
Bachelor's degree in finance, accounting, business administration, economics, mathematics, statistics or engineering or a Bachelor's degree in any discipline combined with an Master's in Business Administration, Master's in Finance or Master's in Accounting.
10 years managing fixed income portfolios and/or actively selecting and monitoring external fixed income managers in an institutional setting. A minimum of 5 years experience must have been gained managing and/or monitoring fixed income portfolios in excess of $1 billion.
Five years of supervisory experience with a proven ability to develop and coach staff and work in a collaborative environment.

Highly Preferred
• Experience analyzing, monitoring and/or executing or directing the execution of investment trades in multiple fixed income sub-asset classes including: corporate, government & agency, mortgage backed securities and money market instruments
• Familiarity and knowledge of non-core fixed income assets (i.e., high yield bonds, asset backed securities, leveraged loans, covered bonds, fixed income derivatives)
• Thorough understanding of the economic factors that significantly impact the fixed income markets and returns.
• Functional in the use of technology such as Bloomberg, Trade Web, CMS BondEdge (or similar portfolio analytical tools such as The Yield Book and Point), Market Axess and Excel in the analysis and/or execution of fixed income purchases, sales and portfolio management.
• Operational knowledge of fixed income derivatives.
• Broad understanding of fixed income asset classes.
• Experience with quantitative Fixed Income portfolio management.
• Comprehensive understanding of risk management platforms and tools.
• Strategic thinking.
• Proven ability to manage during times of financial market turmoil.
• Demonstrated progress toward Chartered Financial Analyst designation.

The System
Founded in 1921, the New York State Teachers' Retirement System is a self-sustaining public corporation, responsible for administering the fund from which all public school teachers, outside of New York City, receive their retirement allowance. A ten member Board oversees the activities of the System. Our staff manages a multi-billion dollar investment portfolio and services over 400,000 active and retired members. We are located in Albany, New York and boast a state-of-the-art office building providing easy access to all points in the Capital District via Interstate 90.

Our Vision
To be the model for pension fund excellence and exceptional customer service.

How to Apply
Complete and file:
•NYSTRS employment application

Mail completed employment application to:
NYSTRS/HR, 10 Corporate Woods Drive, Albany, NY 12211

Please note that although you may include a resume with your application, you must still fill out the application completely. A resume will not be accepted as a substitute, in whole or part, for a completed application.

Inquiries regarding vacancy postings, minimum qualifications, or application procedures may be made by e-mail to strsrecruitment@nystrs.state.ny.us.

You can reach us by phone at (518) 447-2906.

Our Commitment to Diversity
NYSTRS is committed to fostering an inclusive environment where diversity is valued and recognized as a source of strength and enrichment. We seek to attract talented people from a diverse range of backgrounds and cultures.

NYSTRS is an equal opportunity employer.

posted 6/28/11

Kentucky

EXECUTIVE DIRECTOR
Kentucky Retirement Systems

Located in Frankfort, KY, the Kentucky Retirement Systems (http://kyret.ky.gov/) directs the investment activity and administration of approximately $15 billion in pension and insurance funds for the Kentucky Employees Retirement System, the County Employees Retirement System and the State Police Retirement System. Assets are primarily invested and managed by external investment managers.

Responsibilities: Reporting to a nine-member Board of Trustees, the Executive Director serves as Chief Executive Officer of KRS, directs a staff of 250 through four direct reports, and is responsible for all aspects of the System’s operations.

Requirements: The ideal candidate will possess significant successful leadership experience in a complex public or private pension plan, financial services organization or government agency. Strong executive management experience and presence, experience with the legislative process and elected officials, knowledge and understanding of investment management principles, and actuarial concepts and methods are required. An advanced degree in business, finance, economics or a related field is preferred.

For more information or to apply, please contact:
Andrea K. Forrest
EFL ASSOCIATES
720-529-3701
aforrest@eflassociates.com

posted 6/23/11

Maine

ASSOCIATE GENERAL COUNSEL
Maine Public Employees Retirement System

The Maine Public Employees Retirement System is seeking an Associate General Counsel to provide counsel, advice and assistance under the direction of the General Counsel. The position will provide legal advice and support to the System’s Investment Unit staff and assist the staff and retained outside investment counsel in the review of complex investment documents. The incumbent will also assist the General Counsel and other staff in rule making proceedings; oversee securities litigation related matters; review and assess corporate governance and proxy voting issues; oversee the System’s administrative appeals process; and provide legal advice to System staff on complex state & federal law issues.

The position requires a Juris Doctor and any combination of education and experience that has provided the knowledge, skills and abilities necessary for the position. Prefer the following: Current membership in good standing with the Maine Board of Overseers of the Bar and licensed to practice in Maine. Two years prior experience reviewing, analyzing and negotiating investment documents, preferably private equity and infrastructure; legal knowledge of investment laws and issues; general understanding of investment regulatory environment. Two years litigation experience and two or more years of supervisory experience.

Salary range begins at $65,800 with excellent benefits. To apply, please forward your resume and introductory letter with three references to HR@MainePERS.org or via mail to:
Maine Public Employees Retirement System
Human Resources Department
46 State House Station
Augusta, Maine 04333-0046

posted 6/10/11

North Dakota

DEPUTY CHIEF INVESTMENT OFFICER
North Dakota Retirement and Investment Office

The North Dakota Retirement and Investment Office (RIO) was established in 1989 to coordinate the activities of the State Investment Board (SIB)and the Teachers' Fund for Retirement (TFFR)

The SIB has statutory responsibility for the administration of the investment programs of several funds including the Public Employees Retirement System(PERS), The Teachers' Fund for Retirement (TFFR) and the Workforce Safety & Insurance Fund. The SIB also maintains contractual relationships for investment management with certain political subdivisions, for a total of 24 client funds and total assets under management of $5.5 billion. The 11 member Board includes the Lt. Governor, State Treasurer, State Insurance Commissioner, Executive Director of Workforce Safety & Insurance, Land Commissioner, three representatives of PERS and three representatives of TFFR. Further information on the State Investment Board and the investment program can be found on our website: www.nd.gov/rio.

The Deputy Chief Investment Officer will provide support to the Executive Director/Chief Investment Officer (ED/CIO) of RIO to administer the investment program of the State Investment Board. The qualified individual will be responsible for conducting and completing investment research and reports, performing qualitative and quantitative analyses of current and prospective investments, assisting in the selection and monitoring of investment managers, and maintaining financial data and narrative information about the asset classes and investment manager portfolios as directed by the SIB and ED/CIO. The successful candidate must possess a Bachelor’s degree, and preferably an MBA, CFA designation or equivalent combination of education, with 5 to 10 years of relevant work experience (some of which must be dedicated to investment manager due diligence), with excellent interpersonal skills and oral and written communication skills. Experience in asset allocation and risk management is preferred.

The complete job specification can be found at www.nd.gov/rio/News/DCIO.pdf. Interested candidates should visit http://www.nd.gov/hrms/jobs/190xxxx.html to view the vacancy announcement and application procedures.

The state of North Dakota does not discriminate on the basis of race, color, national origin, sex, religion, age, disability or genetics in employment or the provision of services, and complies with the provisions of the North Dakota Human Rights Act.

This position is not subject to veteran’s preference.

posted 5/23/11

Maine

ADVOCATE
Maine Public Employees Retirement System

Maine Public Employees Retirement System has an opening for an Advocate.

The position performs professional advocacy work representing MainePERS in connection with administrative appeals. Responsibilities include interpreting laws and regulations, preparing briefs and other legal documents, consulting with MainePERS staff, preparing cases for administrative hearings, representing MainePERS at administrative hearings, and drafting rules for agency consideration.

ESSENTIAL FUNCTIONS:

Represents the agency in administrative hearings and before the Board of Trustees in matters regarding appeals and rule-making.
Advises staff on the interpretation, application, and enforcement of agency laws, rules and regulations.
Drafts rules and regulations affecting agency operations and administration.
Reviews and analyzes documents, fact situations, and relevant laws and rules in order to provide advice, recommendations and determinations to staff on policy level decision making.
Conducts legal research with respect to assigned or referred matters.
Prepares contracts, memoranda, briefs, rules, resolutions, policies, pleadings, letters or other materials as assigned by the General Counsel.
Prepares staff for appeals hearings and for depositions.
Assists the agency in connection with pending legal matters (e.g. QDRO, DHS orders, garnishments, etc.).
Develops and maintains expertise in assigned areas of responsibility, including laws, rules and administrative practices impacting the System.
Tracks deadlines and takes appropriate action on assigned matters.
Formulates views about potential legal and/or administrative problems or the impact of recent regulatory or legislative changes, and prepares written recommendations.

KNOWLEDGE, SKILLS, AND ABILITIES REQUIRED:

In depth knowledge of the Administrative Procedures Act.
Extensive skill in effective written and oral communications, including preparing and delivering complex legal documents, reports and presentations.
Ability to quickly acquire and apply an understanding of MainePERS laws and rules, and state and federal laws and regulations affecting MainePERS.
Demonstrated understanding of legal concepts and the application of those concepts to complex factual situations.
Adept at performing legal research and analysis of documents and fact situations; rendering sound advice and demonstrating sound judgment.
Proficient in task management and planning, organizing and prioritizing work, with an ability to manage a high-volume workload in a fast-paced and changing environment. Strong attention to detail.
Demonstrated ability to effectively negotiate, mediate and resolve conflicts.
Able to work extended/irregular hours and travel as needed.

QUALIFICATIONS:
Minimum qualifications:
A bachelor’s degree and six years of administrative level work experience with a significant institutional or government program, where the majority of the duties involved the interpretation, analysis and application of complex statutes and rules. A firm understanding of ethical issues.
Preferred Qualifications:
Juris Doctor (J.D.) degree (or equivalent) from an accredited law school with a license to practice law in the State of Maine, or Paralegal certification with at least three (3) years of experience in a public/private sector law firm.

Interested candidates should send a cover letter and resume to hr@mainepers.org.

posted 5/9/11

North Carolina

RETIREMENT SYSTEM MANAGER
Charlotte Firefighters' Retirement System

Main functions:

Support the various administrative functions of a governmental, defined benefit retirement system for municipal firefighters. Prepare for and attend various types of meetings with the Board of Trustees, professional service providers, active members and retirees.
Reports to: Board of Trustees and Retirement System Administrator
Duties will include:

Support the operations of the Retirement System and act for the Administrator when required
Reconciliation of custodian statements and problem resolution
Work with the actuary, investment consultant, custodian, investment managers and other service providers to accomplish the activities of the system.
Prepare, edit and proofread various reports of a complex nature
Prepare Board and Committee agendas and supporting documents
Prepare retirement estimates, service purchase calculations and various benefit processing functions
Assist with the management of administrative services such as equipment, supplies and general office maintenance
Provide services to members and retirees regarding retirement planning and resolution of problems
Assist with maintenance of all system records and document imaging functions
Assist with periodic activities associated with a defined benefit plan such as annual member statements, benefit, refund and rollover processing, preparation of a comprehensive annual financial report and other requirements related to the Plan Document and other regulatory entities

Minimum Requirements:

Graduation from an accredited college or university with a Bachelor’s degree in Public Administration, Business Administration, Finance, HR Management or related field with Accounting or related coursework.
Post-graduate degree and other relevant certifications desirable
Minimum two years experience with the administration of defined benefit retirement plans; government experience is highly desired
Minimum of two years supervisory/staff management experience
Familiar with Federal, State, local and other regulatory agency laws related to retirement plans
Excellent computer skills; knowledge of MS Office applications; experience with relational database software systems
Knowledge of government fund accounting and financial reporting desirable

Employment Requirements:

Proficient spoken and written English
Punctual, meticulous and reliable
Strong organizational and analytical skills
Knowledge of actuarial principals and techniques
Knowledge of policies, procedures and practices of employee retirement programs

Hiring Salary Range: $65,000-$75,000 per year depending on qualifications

Competitive benefits package as provided to employees of the City of Charlotte. Includes participation in the NC Local Government Employees Retirement System (LGERS), NC 401(k) program, Voluntary 457 deferred compensation program, medical and dental benefits.
Employment offers are contingent upon successful completion of a pre-employment criminal and credit background check.
The recruitment will remain open until filled.
E-mail resume and letter of interest to cfrs47@bellsouth.net

posted 4/25/11

Wisconsin

DEPUTY EXECUTIVE DIRECTOR-OPERATIONS
State of Wisconsin Investment Board

SWIB is seeking a Deputy Executive Director-Operations to join the Executive Director and senior management team in leading the organization.

SWIB is a large public-sector multi-asset investment organization, subject to a high level of scrutiny due to its size and importance to the state of Wisconsin. The Deputy Executive Director–Operations is expected to have a thorough understanding of the operational requirements of such an organization, demonstrate leadership and initiative comfortably and productively within this high-visibility environment, and adhere to the highest ethical standards.

Responsibilities fall into four broad areas:
 Executive leadership
 Operational management
 Engagement with the Board of Trustees
 Public relations and communications

These responsibilities include:
Executive Leadership
 Overseeing SWIB’s operations at an executive level. The operations under the Deputy Executive Director–Operations’s scope include:
o Investment Operations and Fund Accounting for both internally and externally managed portfolios.
o Information Technology.
o Investment and Management Services.
o Human Resources.
o Communications.
o A Legislative Liaison.
 Creating and following strategic plans, annual business plans, and operating budgets for SWIB.
 Identifying strategic issues requiring attention by the agency or Trustee involvement and direction
 Exercising broad oversight of plans to continue critical business functions in the event of a disaster affecting SWIB facilities or personnel.

Operational Management
 Exercising broad oversight of procurement, telecommunications, accounting, operations, facilities management, information technology and general administrative support services.
 Ensuring that financial reporting is accurate and transparent.
 Coordinating with enterprise risk management staff to assure that adequate internal controls and risk management measures are in place and followed.
 Providing final review and execution on behalf of SWIB contracts and guidelines for investment managers, consultants and other services providers.

Engagement with the Board of Trustees
 Assisting the Executive Director in working with the Board of Trustees in meeting its fiduciary and statutory duties by developing Board meeting agendas, monitoring issues and trends, and making recommendations.
 Preparing reports on major issues, accomplishments, and activities for the Trustees.

Public Relations and Communications
 Leading the communications strategy including overseeing communications with the legislature, governor’s office, fund participants, media and general public.
 Establishing or maintaining relationships with stakeholders in the general public, business community, government, investment community, and public retirement industry.
 Serving as SWIB’s representative at national organizations and backup public spokesperson, in coordination with the Executive Director.

CANDIDATE REQUIREMENTS
Ideal candidates will have:
 A successful track record of progressive management responsibility culminating in a senior management position in a complex financial institution (e.g. pension funds, insurance, investment management or banking firms).
 Significant knowledge of and experience in accounting and financial management, including knowledge of budget development, forecasting and management.
 Working knowledge of modern investment strategies and practices, including investment benchmarking and investment performance measurement.
 Familiarity with public pension fund financing and benefits structures, and a working knowledge of pension assets and liabilities.
 Ability and experience in applying information technology to achieving business objectives.
 Demonstrated track record of success at mentoring and motivating staff, and managing diverse teams to accomplish a wide range of organizational objectives.
 Experience in working and communicating effectively with a Board of Trustees or Directors, and knowledge of fundamental responsibilities of fiduciaries.
 Successful experience in managing large and complex projects, and in leading and functioning effectively in complex management structures.
 Strong writing and communication skills, with the ability to clearly and quickly communicate complex financial and investment topics and recommendations verbally and in writing.
 Working knowledge of the legislative process, and successful experience in working with a wide range of external advocacy and/or constituency groups.
 Demonstrated ability to function effectively and exercise good judgment in stressful and ambiguous situations.
 Superb work ethic, attention to detail, team orientation, and commitment to excellence.
 Ability to multitask and thrive in a fast-paced environment, including the willingness and ability to take initiative in assuming challenging and special projects.
 Strong intellectual curiosity and problem solving skills.
 Exemplary integrity, serving as a role model in exuding trust and honesty, and maintaining the highest professional standards.
 A personal demeanor that contributes to a positive, respectful, supportive work environment for all SWIB staff.

LOCATION
SWIB is located in Madison, the capital of Wisconsin and a major Midwestern research & technology university city.

The Madison area’s strong quality-of-life factors include one of the healthiest regional economies in the United States; urban, suburban and rural living options; a wide range of restaurant, nightlife, entertainment and shopping venues; nationally acclaimed public university and public secondary school systems; Big Ten athletic events; rich cultural, recreational and outdoors offerings; and favorable cost of living.

Madison, Wisconsin consistently earns top results in nationwide quality-of-life rankings, articles and surveys. For more information, please visit:
www.visitmadison.com/news/rankings
http://www.thrivehere.org/home/living-here/living-here.aspx

The position requires U.S. work authorization and current residency in, or willingness to relocate to, the Madison, Wisconsin area. SWIB is prepared to offer relocation assistance as needed.

Occasional travel may be required for this position.

CONTACT
SWIB has retained THE QTI GROUP to assist it in the search for a Deputy Executive Director–Operations.

Qualified individuals interested in this opportunity should send an email with attached Microsoft Word resume, cover letter and salary history/requirements to:
Email: SWIBDeputyED@qstaff.com
Subject Line: SWIB Deputy Executive Director–Operations

A pre-employment background check will be required.

The State of Wisconsin Investment Board and The QTI Group are Affirmative Action/Equal Opportunity Employers

posted 3/16/11

Illinois

ASSOCIATE GENERAL COUNSEL
State Universities Retirement System of Illinois

The State Universities Retirement System of Illinois (SURS), located in Champaign, Illinois, is seeking qualified candidates for the position of Associate General Counsel. The Associate General Counsel assists the General Counsel in the preparation of legal opinions and provides ongoing analysis, interpretation, and clarification of statutes as they relate to the administration of the System. For more information about this position and how to apply, visit www.surs.org.

posted 3/4/11

See also:

Position Openings:

DIRECTOR OF INTERNAL AUDIT AND COMPLIANCE, The SC Retirement System Investment Commission

DIRECTOR, DIVISION OF RETIREMENT SERVICES, Florida Retirement System

EXECUTIVE DIRECTOR, Public Employees Retirement Association of New Mexico

DIRECTOR OF ABSOLUTE RETURN, Indiana Public Retirement System

RETIREMENT ADMINISTRATOR, Fresno County Employees’ Retirement Association

PROJECT MANAGER, District of Columbia Retirement Board

CHIEF INVESTMENT OFFICER, School Employees Retirement System of Ohio

CHIEF INVESTMENT OFFICER, The New York State Common Retirement Fund

DEPUTY DIRECTOR, SUPPLEMENTAL RETIREMENT PLANS, North Carolina Department of State Treasurer

CHIEF FINANCIAL OFFICER and ADMINISTRATIVE SERVICES DIRECTOR, New Mexico State Investment Council

ADMINISTRATIVE OFFICER, National Association of Public Pension Attorneys

EXECUTIVE DIRECTOR, National Council on Teacher Retirement

MANAGING DIRECTOR OF PRIVATE EQUITY, New York State Teachers' Retirement System

EXECUTIVE DIRECTOR, State of Wisconsin Investment Board

GENERAL COUNSEL, Missouri Department of Transportation and Highway Patrol Employees’ Retirement System

FIDUCIARY SERVICES CONSULTANT, Aon Hewitt

COMPENSATION AND BENEFITS MANAGERS, Florida Retirement System

DIRECTOR OF INVESTMENT RISK AND TACTICAL ALLOCATION, Employees Retirement System of Texas

EXECUTIVE DIRECTOR, Pennsylvania State Employees’ Retirement System

MANAGER OF FIXED INCOME, New York State Teachers' Retirement System

EXECUTIVE DIRECTOR, Kentucky Retirement Systems

ASSOCIATE GENERAL COUNSEL, Maine Public Employees Retirement System

DEPUTY CHIEF INVESTMENT OFFICER, North Dakota Retirement and Investment Office

ADVOCATE, Maine Public Employees Retirement System

RETIREMENT SYSTEM MANAGER, Charlotte Firefighters' Retirement System

DEPUTY EXECUTIVE DIRECTOR-OPERATIONS, State of Wisconsin Investment Board

ASSOCIATE GENERAL COUNSEL, State Universities Retirement System of Illinois

South Carolina

DIRECTOR OF INTERNAL AUDIT AND COMPLIANCE The SC Retirement System Investment Commission

Florida

DIRECTOR, DIVISION OF RETIREMENT SERVICES Florida Retirement System

New Mexico

EXECUTIVE DIRECTOR Public Employees Retirement Association of New Mexico

Indiana

DIRECTOR OF ABSOLUTE RETURN Indiana Public Retirement System

California

RETIREMENT ADMINISTRATOR Fresno County Employees’ Retirement Association

Washington, D.C.

PROJECT MANAGER District of Columbia Retirement Board

Ohio

CHIEF INVESTMENT OFFICER School Employees Retirement System of Ohio

New York

CHIEF INVESTMENT OFFICER The New York State Common Retirement Fund

North Carolina

DEPUTY DIRECTOR, SUPPLEMENTAL RETIREMENT PLANS North Carolina Department of State Treasurer

New Mexico

CHIEF FINANCIAL OFFICER and ADMINISTRATIVE SERVICES DIRECTOR New Mexico State Investment Council

ADMINISTRATIVE OFFICER National Association of Public Pension Attorneys

EXECUTIVE DIRECTOR National Council on Teacher Retirement

New York

MANAGING DIRECTOR OF PRIVATE EQUITY New York State Teachers' Retirement System

Wisconsin

EXECUTIVE DIRECTOR State of Wisconsin Investment Board

Missouri

GENERAL COUNSEL Missouri Department of Transportation and Highway Patrol Employees’ Retirement System

FIDUCIARY SERVICES CONSULTANT Aon Hewitt

Florida

COMPENSATION AND BENEFITS MANAGER Florida Retirement System

Texas

DIRECTOR OF INVESTMENT RISK AND TACTICAL ALLOCATION Employees Retirement System of Texas

Pennsylvania

EXECUTIVE DIRECTOR Pennsylvania State Employees Retirement System

New York

MANAGER OF FIXED INCOME New York State Teachers' Retirement System

Kentucky

EXECUTIVE DIRECTOR Kentucky Retirement Systems

Maine

ASSOCIATE GENERAL COUNSEL Maine Public Employees Retirement System

North Dakota

DEPUTY CHIEF INVESTMENT OFFICER North Dakota Retirement and Investment Office

Maine

ADVOCATE Maine Public Employees Retirement System

North Carolina

RETIREMENT SYSTEM MANAGER Charlotte Firefighters' Retirement System

Wisconsin

DEPUTY EXECUTIVE DIRECTOR-OPERATIONS State of Wisconsin Investment Board

Illinois

ASSOCIATE GENERAL COUNSEL State Universities Retirement System of Illinois

DIRECTOR OF INTERNAL AUDIT AND COMPLIANCE
The SC Retirement System Investment Commission

DIRECTOR, DIVISION OF RETIREMENT SERVICES
Florida Retirement System

EXECUTIVE DIRECTOR
Public Employees Retirement Association of New Mexico

DIRECTOR OF ABSOLUTE RETURN
Indiana Public Retirement System

RETIREMENT ADMINISTRATOR
Fresno County Employees’ Retirement Association

PROJECT MANAGER
District of Columbia Retirement Board

CHIEF INVESTMENT OFFICER
School Employees Retirement System of Ohio

CHIEF INVESTMENT OFFICER
The New York State Common Retirement Fund

DEPUTY DIRECTOR, SUPPLEMENTAL RETIREMENT PLANS
North Carolina Department of State Treasurer

CHIEF FINANCIAL OFFICER and ADMINISTRATIVE SERVICES DIRECTOR
New Mexico State Investment Council

ADMINISTRATIVE OFFICER
National Association of Public Pension Attorneys

EXECUTIVE DIRECTOR
National Council on Teacher Retirement

MANAGING DIRECTOR OF PRIVATE EQUITY
New York State Teachers' Retirement System

EXECUTIVE DIRECTOR
State of Wisconsin Investment Board

GENERAL COUNSEL
Missouri Department of Transportation and Highway Patrol Employees’ Retirement System

FIDUCIARY SERVICES CONSULTANT
Aon Hewitt

COMPENSATION AND BENEFITS MANAGER
Florida Retirement System

DIRECTOR OF INVESTMENT RISK AND TACTICAL ALLOCATION
Employees Retirement System of Texas

EXECUTIVE DIRECTOR
Pennsylvania State Employees Retirement System

MANAGER OF FIXED INCOME
New York State Teachers' Retirement System

EXECUTIVE DIRECTOR
Kentucky Retirement Systems

ASSOCIATE GENERAL COUNSEL
Maine Public Employees Retirement System

DEPUTY CHIEF INVESTMENT OFFICER
North Dakota Retirement and Investment Office

ADVOCATE
Maine Public Employees Retirement System

RETIREMENT SYSTEM MANAGER
Charlotte Firefighters' Retirement System

DEPUTY EXECUTIVE DIRECTOR-OPERATIONS
State of Wisconsin Investment Board

ASSOCIATE GENERAL COUNSEL
State Universities Retirement System of Illinois