Our client, the Delaware Public Employees’ Retirement System (DPERS) is seeking a Pension Administrator. DPERS is a component unit of the State of Delaware administered by Office of Pensions of the State’s Office of Management & Budget. As such, the Pension Administrator is accountable to the Director of the Office of Management & Budget (OMB) and to an independent Board of Pension Trustees. The former provides administrative support to the System and holds an ex-officio seat on the Board of Pension Trustees. The System serves approximately 42,000 active participants and 31,000 retirees. DPERS and the Office of Pensions have management and oversight responsibility for nine plans and four commingled investment funds with over $10 billion in assets under management.
Bachelor’s degree in business or related field from an accredited college or university.
Extensive knowledge (ideally five or more years) in a senior leadership capacity with a public pension fund, government agency, insurance, benefits administration or other complex financial services organization with accountability for customer service, benefits administration, funding, regulatory compliance, technology integration and actuarial sciences.
Previous positive experience working closely with a Board of Trustees and external stakeholders, to include legislative bodies, members, employers, the media and the general public, will distinguish the most attractive candidates
Knowledge of the legal and regulatory requirements of administering a public retirement and healthcare benefits organization.
Solid working knowledge of institutional investing and familiarity with portfolio theory preferred.
Working knowledge of actuarial concepts and their impact on defined benefit plan funding levels.
Solid understanding of contracting processes and contract administration.
Experience managing a significant operating budget and staff complement.
Strong understanding of the principles and theory of public administration including general administration, human resource management, and fiscal management.
Demonstrated success in serving as the public “face” to legislators, members, employers, the media and general public is highly desirable.
The ability to travel to meet with groups across Delaware and to participate in national industry conferences and events