Executive Director
The State Teachers Retirement System of Ohio is seeking an Executive Director. STRS Ohio is headquartered in Columbus and was the first statewide, actuarially-based teacher retirement system in the United States. STRS Ohio is a cost-sharing, multiple-employer plan providing service retirement, disability, and survivor benefits to teachers and faculty members of public boards of education, state-supported colleges and universities, and the state of Ohio and its political subdivisions. As of June 30, 2024, STRS Ohio served 543,940 members while participating employers numbered 1,133. As of that same date, assets under management were $96.9 billion. The Executive Director role reports to the Retirement Board.
Responsibilities of the Executive Director include the following:
- Develop, recommend and implement operational and investment policies and objectives of the Retirement Board, administer the System in a manner that complies with federal and state laws and safeguard the fiduciary responsibility of the Board and Executive Director.
- Establish objectives for accomplishing goals of the System, monitor and periodically update operating systems and procedures to assure the System is responsive, effective, and productive.
- Provide guidance and direction for the day-to-day operation of the System and assure that employees experience the necessary training and development to accomplish the goals of the System.
- Establish and manage an effective procedure for measuring, monitoring, and evaluating the performance of the staff and the System.
To learn more about the Responsibilities and Preferred Qualifications please view the link below:
Position Specifications
To apply please send your resume to Tamara at tamara.wesely@cbiz.com. |
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Position: |
Executive Director |
| Organization: |
State Teachers Retirement System of Ohio |
| Location: |
Columbus, OH
United States
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| Salary: |
$380,000 to $420,000 |
| Posting Start Date: |
2/24/2025 |
| Date Posted: |
2/24/2025 |
| Requirements |
RESPONSIBILITIES
The Executive Director has fiduciary responsibility for providing leadership and direction in administration of STRS Ohio. This role reports to the Retirement Board and the policymaking component of this position is carried out in conjunction with the Retirement Board. This position includes accountability for adherence to applicable laws and board policies establishing internal systems to monitor, control, report, and implement procedures, and serves as principal spokesperson for the System with members and other external groups, such as the legislature. The Executive Director supervises activities of a large and complex staff. The management staff reporting directly to the Executive Director includes individuals overseeing the following areas: communications and public affairs, finance, human resource services, information technology services, investments, legal and governmental relations, and member benefits. Direct reports, by title, are the following: Deputy Executive Director/Chief Benefits Office, Chief Communications Officer, Deputy Executive Director/Chief Investment Officer, Deputy Executive Director/Chief Financial Officer, Chief Information Officer, Director, Human Resource Services, Chief Legal Officer, and Executive Coordinator.
Responsibilities of the Executive Director include the following: 1. Develop, recommend and implement operational and investment policies and objectives of the Retirement Board, administer the System in a manner that complies with federal and state laws and safeguard the fiduciary responsibility of the Board and Executive Director. 2. Establish objectives for accomplishing goals of the System, monitor and periodically update operating systems and procedures to assure the System is responsive, effective, and productive. 3. Provide guidance and direction for the day-to-day operation of the System and assure that employees experience the necessary training and development to accomplish the goals of the System. 4. Establish and manage an effective procedure for measuring, monitoring, and evaluating the performance of the staff and the System. 5. General supervision of staffing activities, including promotions, transfers and termination of employees, and recruitment of competent staff management level positions and other vacancies.Supervise preparation of the annual administrative operating budget and present recommendations to the Retirement Board. 7. Provide Board members with an understanding of the System’s current governance model that includes orientation about the Board’s governing style, Board member job description, actuarial soundness, Board members’ code of conduct, Board delegation to the Executive Director, Executive Director evaluation, monitoring executive performance, as well as the STRS Ohio mission, vision and guiding principles and how the System’s strategic goals help to accomplish the STRS Ohio mission. 8. Participate in and give general supervision to development of the annual investment plan. Review with staff proposed changes, amendments, and modifications of the plan. 9. Monitor management of the investment portfolio, making ultimate decision on critical issues and executing documents necessary for proper portfolio management. 10. Supervise and approve the annual investment report and the annual report of the System and distribute reports regarding fund status to contributing members and retirees. 11. Maintain sound audit practices that comply with all applicable laws and rules, and in cooperation with the Actuary, interpret the annual actuarial valuations of assets and liabilities to the Retirement Board. 12. Prepare and recommend desirable legislation to the Retirement Board and the General Assembly. Appear before various committees of the Ohio General Assembly and Congress to testify in support of or in opposition to various legislative proposals. 13. Serve as ex officio member of the Ohio Retirement Study Council. 14. Manage essential public affairs for the System and assure effective internal and external communications. Serve as the liaison between the Retirement Board and other public and private agencies at the local, state and national level, thereby building and maintaining effective relationships to strengthen efforts to protect member interests and benefits. 15. Oversee relationships between the Retirement Board and outside legal counsel, consulting actuary, investment advisors/consultants and other organizations maintaining a consultant or contractual relationship with the Board. 16. Represent the Retirement Board and System in national retirement and related organizations in which the Board holds membership or has a relationship. 17. Plan, with staff, practices and procedures designed to improve the efficiency of benefit program administration and enhance the degree and quality of services to members. 18. Appear before member groups and associations to explain the program of benefits available to members and report on the general activities of the System. 19. Oversee and recommend changes in Retirement Board Policy, Ohio Revised Code and Ohio Administrative Code, and file and record same as required by statute and Board policy. 20. Serve as Secretary to the Retirement Board and conduct all other duties necessary to fulfill the Board’s duties and responsibilities under Chapter 3307 of the Ohio Revised Code. 21. Work with the Board Chair to determine the agenda and supporting materials for regular and special meetings of the Retirement Board. Regularly report to the Board on agenda items and recommend courses of action. 22. Plan, with staff, the annual publications schedule and assist in review of material for publication. 23. Provide overall supervision to the annual Board member election procedures. |
| Status: |
This listing expires on: 4/25/2025 |
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