Retirement Financial Manager

JOB CODE: 1502

PAY GRADE: 2280

SALARY RANGE: $57,853 - $97,362

LOCATION OF WORK
Retirement Department

GENERAL DESCRIPTION
Under the general direction of the Retirement Administrator, performs highly responsible professional administrative and supervisory work in the Retirement System. Work involves responsibility for directing, planning and coordinating the activities of professional employees engaged in maintaining a complete financial accounting system, a large, diversified domestic and international investment portfolio, and the payroll and membership systems for the City of Baton Rouge Retirement System trusts. Work also encompasses production of the Comprehensive Annual Financial Report, coordination of the annual independent audit, generation and editing of data for the annual actuarial valuation, responsibility for information technology matters, and assisting management with financial forecasting, administrative and budgetary processes, and formulating major system policy decisions. Employee ensures that appropriate financial processes and systems are in place and in compliance with generally accepted accounting principles, governing ordinances, and federal and state laws. Work is performed with independent judgment and in accordance with established standards, policies and regulations. Performs other work as requested.

ESSENTIAL WORK TASKS
Supervision and development of a staff of professional Financial Analysts engaged in maintaining a complete governmental pension and investment accounting system for multiple legal trusts; processing active member and retiree records; and processing multiple monthly payrolls for retirees, DROP participants, and former members. Produces the Comprehensive Annual Financial Report (CAFR), a complete set of financial statements, monthly and quarterly financial reports, cash flow reports and other special reports as required by the Board of Trustees. Coordinates the annual financial audit of financial statements and supplementary information with the independent auditors by producing and interpreting required data and reports as mandated by the Louisiana Legislative Auditor. Produces and edits statistical data for the actuarial consultant; assists consultant with interpreting and applying the data to the annual actuarial valuation for the system's two legal trusts in determining the funding requirements and retirement contribution rates for each calendar year. Prioritizes and assigns tasks to an information technology consultant for improving and maintaining the member database and retiree payroll system. Acts as liaison between the Retirement System and the City-Parish Information Services department to support the office's information technology functions; responsible for the development and maintenance of the system's website. Generates estimates and prepares the operations section of the Retirement System budgets for the two legal trusts. Oversees all payroll functions for generation and distribution of retiree, DROP, separation benefits, and refund payrolls for all City-Parish employers and other participating employers. Serves as custodian of all active and retired member electronic data records. Attends Retirement Board meetings to present reports; may address questions and issues from Board members.

KNOWLEDGE, SKILLS, AND ABILITIES
Knowledge of financial, investment and accounting principles, practices and procedures as applied to a public employees' retirement system. Knowledge of federal, state and local laws relative to City-Parish government and public pensions. Knowledge of fundamental actuarial science, generally accepted auditing standards, and relational database management and the ability to team with professional consultants in these areas. Ability to apply required reporting standards to produce a Comprehensive Annual Financial Report. Ability to supervise a team of financial professionals that produce financial statements, track domestic and international investment portfolio, and generate multiple payrolls and payroll reports. Ability to understand and follow complex oral and written instructions, and the ability to express ideas clearly and concisely, both orally and in writing. Ability to establish and maintain effective working relationships with the public, system members, and to exercise initiative and professional judgment in difficult and demanding situations. Ability to manage and organize multiple work assignments and projects. Ability to apply good work habits such as punctuality, reliability, preciseness, and dependability in order to effectively complete assigned tasks and contribute to the smooth operation of the department and division.

MINIMUM REQUIREMENTS