National Association of State Retirement Administrators


Position Information

Retirement Administrator
SYSTEM INFORMATION
CPERS is an independently governed component of the City of Baton Rouge and Parish of East Baton Rouge, State of Louisiana, established by Municipal and Parish Ordinance for the City Parish at Title 1, Chapter 3, Part IV, beginning with Sec. 1:250. The system is a multi-employer plan, although the City Parish is the largest employer. CPERS provides for regular retirement benefits, survivor benefits, disability benefits, and DROP benefits for eligible members and their survivors and beneficiaries. Its membership is in excess of 6,700 active and retired members and survivors. Retirement benefits are provided through a defined benefit plan, funded by employer and employee contributions and investment earnings. CPERS is governed by a seven (7) member board, including two members elected by members other than police or fire, one elected police service member, one elected fire service member, one appointed by the Mayor-President, and two persons with business and accounting experience appointed by the Metropolitan Council. As of June 30, 2021, CPERS held
$1,370,000,000 in assets. CPERS is the owner-occupant of its headquarters in downtown Baton Rouge. It currently employs a staff of 12 full-time employees.

LOCATION OF WORK
Retirement Department, St. Ferdinand St., Baton Rouge, Louisiana, parking provided

GENERAL DESCRIPTION
The Retirement Administrator serves as the chief administrative officer of CPERS and as the Secretary of the CPERS Board and is a non-Civil service permanent full-time employee. The Retirement Administrator reports directly to the CPERS Board of Trustees and plans, organizes, directs, and controls the overall management functions and day-to-day administration of CPERS in accordance with policies established by the Board. The work involves the responsibility of managing a retirement portfolio in excess of $1 billion dollars. In addition, the Retirement Administrator ensures all required accounting, investment and retirement records are accurate and complete for use by outside professionals, i.e., actuaries, auditors and legal counsel. The Retirement Administrator oversees an annual operating budget, net of investment manager fees, of approximately $1,760,000. Performs other work as requested by the Board.

ESSENTIAL WORK TASKS
Essential duties of the Retirement Administrator include the following:
1) Participates in all investment committee meetings, carries out the ultimate Board determinations regarding investments, reviewing and executing contracts, and monitoring and managing the retirement portfolio.
2) Coordinates activities of professional consultants, i.e., investment consultants, money managers, custodian banks, actuaries, auditors and legal counsel; evaluates these activities, makes recommendations and presents these activities to the Retirement Board of Trustees.
3) Supervises a moderate sized staff of professional and clerical employees, developing appropriate compensation strategies and evaluation procedures for the employees. Compensation strategies for employees are controlled by HR and not within CPERS.
4) Acts as representative of the Retirement System to the general public, Metropolitan Council and various governmental officials.
5) Prepares office policies and procedures.
6) Responsible for developing the Board agenda, with input from the Board members, ensuring all matters that need Board decision are referred for discussion and debate, and acts as the Board’s secretary. The Retirement Administrator provides information to the Board on all matters affecting the system and acts as the Board’s principal advisor and liaison on all matters of interest to the system.
7) Develops and oversees the annual budget.
Position: Retirement Administrator
Organization: Employees' Retirement System of the City of Baton Rouge and Parish of East Baton Rouge
Location: Baton Rouge,  LA 
United States
Salary:
Posting Start Date: 9/2/2021
Date Posted: 9/2/2021
Requirements KNOWLEDGE, SKILLS AND ABILITIES
Knowledge of the principles, practices and procedures governing the investment of funds. Knowledge of current pension laws and practices. Knowledge of government accounting and fiscal procedures, principles and practices. Knowledge of budget procedures, office procedures, practices and equipment. Ability to interpret and analyze financial statements and reports. Ability to effectively supervise professional and clerical staff. Ability to express ideas, clearly and concisely, orally and in writing, to groups and to individuals. Ability to establish and maintain effective working relationships with other employees, retirees and the general public. Ability to problem-solve.

DESIRABLE QUALIFICATIONS

EDUCATIONAL AND EXPERIENCE
Bachelor’s degree in finance or a related field, from an accredited college or university, or equivalent experience, is required; and at least five years of experience in progressively responsible positions involving investment of funds and administration of pension benefits. Experience in a public or corporate pension plan is desirable, as well as a working knowledge of legal, investment, and actuarial concepts.

PERSONAL CHARACTERISTICS
The highest ethics and integrity, holding self and others accountable to high standards of performance. Proven leadership ability to be able to articulate a shared vision and obtain cooperation with staff. Solid management skills to inspire others to high standards of operational efficiency. Strong work ethic and sense of commitment and dedication. Intelligent and mature, with common sense and good judgment. Fair and impartial, acting factually and without favoritism.

COMPENSATION
CPERS will offer competitive compensation, which will consist of a base salary, commensurate with education and experience, and a benefits package provided through the City-Parish Human Resources Department, including health, dental, vision insurance, disability coverage as provided in the CPERS plan, vacation and sick leave policy, and participation in a deferred compensation (457) and defined benefit(pension) plan. This is all assuming the new administrator becomes a regular City-Parish employee/member. It is possible the Board may contract with the next administrator and compensation and benefits may be negotiable contractual items, as well as participation in the DB plan.

APPLICATION PROCESS
All calls and inquiries should be made directly to Ms. Denise Akers at (225) 767-1003. All applications should be submitted directly to:

Board of Trustees               
CPERS                            
P. O. Box 1471                  
Baton Rouge, LA 70821 

OR directed to the office of
Akers & Wisbar
Attn:  Denise Akers
8280 YMCA Plaza Dr., Bldg. 8-C
Baton Rouge, LA  70810

These will be held in confidence. Applications, to include a cover letter and resume, may be submitted beginning September 1, 2021 and will be accepted through October 1, 2021.

NOTE:
Unclassified job specifications may be revised at the will of the appointing authority. Employment Resources (http://www.brla.gov/1144/Employment-Resources)
Check Out Our Benefits (https://www.brla.gov/254/Check-Out-Our-Employee-Benefits)
Status: This listing expires on: 11/1/2021
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Organization Information
Name:
Employees' Retirement System of the City of Baton Rouge and Parish of East Baton Rouge
Address:
P.O. Box 1471

Baton Rouge,  LA 70821
United States
Email:
denise@akerswisbar.com
Phone:
225-767-1003
Fax:
Contact:
Ms. Denise Akers/Board of Trustees