Retirement Plan Administrator
Under direction of the Retirement Board, the Retirement Plan Administrator plans and directs the activities of MCERA in accordance with the County Employees’ Retirement Act of 1937. The incumbent functions as both an administrator and an investment professional. This person assists in the overall planning and development of fund management, provides key input on fiscal services, and guides the day-to-day operations of the Retirement Office. Responsibilities include:
• Serve as a liaison to County departments and employer sponsors, providing advice on the operation of the Retirement Association.
• Act as County Retirement Board representative at meetings with State and federal officials, external organizations, other retirement agencies, and the public.
• Interpret and apply complex statutory and regulatory provisions relating to the Retirement Association. Analyze new legislation and actuarial studies to determine financial and administrative impact on the Retirement System and the County.
• Provide research data, technical advice and statistical reports regarding securities recommended for investment; participate in selection of professional consultants for the management of Retirement Trust Fund investments, measurement of investment fund manager performance, actuarial services, investment securities custodial services, and other professional services; prepare and negotiate contracts; monitor compliance and performance.
• Analyze financial and economic securities market data and recommend effective courses of action involving the allocation of funds and the purchases and sales of securities; coordinate directly with the County Treasurer regarding the actual investment funds presently allocated to the System.
• Advise the Retirement Board on revenue, expenditure and budget matters; review and analyze the cash flow and project funds available for investment; share details regarding estimated revenue by classification and fund manager, fund balances, and estimated amounts to be disbursed according to Investment Policy.
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Supervise employees engaged in performing financial clerical work in connection with the Retirement Fund, disbursement, and proper allocation of Retirement funds, in accordance with Merced County policies and procedures; direct the preparation and issue of the Retirement payroll, audit vouchers and payrolls, checking work of subordinates for accuracy.
•Develop, coordinate and implement financial and accounting policies and procedures; adhere to accounting and investment principles and practices; prepare Retirement System financial statements and other complex financial and statistical reports; direct preparation of the Annual Comprehensive Financial Report (ACFR) and Audits; compute fund balances, revenues, debt services and other budgetary calculations; provide financial and fiscal policy records.
