Retirement Financial Officer (#RB0820)
$47.85-$58.17 Hourly / $8,294.46-$10,081.97 Monthly / $99,533.56-$120,983.66 Yearly

Under general direction, manages and performs the most complex financial work in the San Joaquin County Employees’ Retirement Association (SJCERA); performs a variety of other responsible administrative activities; and does related or other work as required in accordance with Rule 3, Section 3 of the Civil Service Rules.

An incumbent in this single position management class is responsible for complex administrative, operational and financial activities within SJCERA. Duties are highly technical, requiring advanced professional accounting skills and administrative authority. This class is distinguished from Assistant Retirement Administrator in that the latter is responsible for policy-level decision making, oversees multiple divisions, and plays a major role in Board of Retirement operations wherein this class manages day-to-day activities of one division. This class is further distinguished from Retirement Investment Accountant in that the latter performs advanced journey technical accounting functions and does not perform supervisory duties.

•Plans, organizes, and directs the financial operations of SJCERA; develops goals, objectives, policies and procedures for fiscal services in alignment with strategic and organizational priorities.

•Oversees maintenance and control of essential accounting functions, assures that financial output is accurate and complete; maintains, balances and reconciles retirement accounts; posts interest payments and adjustments as needed; updates the accuracy of retirement tables and formulas, worksheets, schedules, and accounts. 

•Reviews and analyzes cash flow data; directs preparation of annual reporting budget, reconciles revenue and budget reports; projects the funding required for department administration and operation; forecasts revenue and expenditures; authorizes fund transfers; and recommends adjustments to ensure fiscal stability. 

•Assures the accuracy and timeliness of various reports, tax-related forms and other documents; gathers data and performs complex analyses as appropriate; oversees the preparation and publication of Annual Financial Reports for members and other reports required by County, State or Federal agencies. 

•Ensures compliance with General Accounting Standards Board, Financial Accounting Standards Board, and other regulatory standards; prepares audit materials and coordinates audit activities; analyzes audit results and prepares responses and remediation plans. 

•Coordinates the preparation of the annual retirement system actuarial study; compiles data; evaluates system assets and liabilities. 

•Coordinates and assists with the processing of new, retiring and terminating employees; processes various special retirement requests including Community Property Interest inquiries, unreported death investigations, and individual benefit statements; assists and counsels members with benefit issues including re-deposits, buybacks or purchase of previous county service; oversees the production of monthly pension payroll documents. 

•Validates and reconciles investment transactions and reports; posts appropriate figures that summarize investment activities; coordinates with custodial banks, investment managers, consultants, and external auditors to ensure proper accounting treatment of investment activities; serves as a technical resource to investment managers and provides liaison between outside parties and SJCERA. 

•Assists in the interpretation and application of regulations and laws governing retirement operations and benefits administration; attends Board of Retirement meetings; may develop and/or contribute to Board agendas; may research and develop data for various purposes. 

•Leads and plans activities of a complex financial unit; selects, trains, supervises, and evaluates professional and lower-level staff; establishes performance standards; directs external financial consultants on projects and ongoing operational assistance as required.

Education: Graduation from an accredited four-year college or university with a major in accounting, public or business administration, finance, economics or a closely related field, and including at least 12 semester units in accounting.

Principles, practices, methods and techniques of accounting, financial management, public administration, office management and investment management; general provisions of the County Employees Retirement Act of 1937, the Public Employees Retirement System and other federal and state laws related to retirement; computerized data maintenance and processing as applied to general ledgers and financial documentation; financial forecasting; preparation of financial statements; principles and practices of management and supervision.

Plan, organize, supervise and direct the complex financial activities in a retirement organization; understand, interpret and apply complex legislation and regulations pertaining to public employee retirement; develop and implement complex accounting systems and financial controls; prepare and interpret various accounting statements and other financial records and reports; gather and analyze complex financial data; establish and maintain effective working relationships with County officials, employees, the general public and others.

Mobility—frequent use of a computer and sitting for long periods; occasional walking, standing, pushing, pulling, bending; Lifting—frequently 5 pounds or less; occasionally 5 to 30 pounds; Visual—constant use of overall vision and reading/close-up work; moderate use of eye/hand coordination; occasional use of depth perception and peripheral vision; Hearing/Talking—frequent hearing of normal speech, hearing/talking on the telephone, talking in person; Emotional/Psychological—frequent decision making, concentration, and public contact; Special Requirements--may occasionally require working nights and weekends; may occasionally require travel; Environmental—constant work in an indoor office environment; occasional exposure to varied outdoor weather conditions.