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Pension and Accounting Specialist
Organization of American States
in Washington DC
Pension and Accounting Specialist - P04
Duties and responsibilities:
- Provides expert advice on pension administration and policy matters including recommendations on Plan's improvements by analyzing possible
benefits, evaluating and reviewing current policies making initial determinations on Plan qualification issues (including aspects related to the Internal Revenue Code compliance), researching and analyzing up-to-date industry literature and making
recommendations on all the previous issues to the Secretary-Treasurer and, when requested, to the Committee.
- Provides authoritative advice and guidance to the Plan's sponsoring institutions, participants, pensioners, and beneficiaries on all
aspects of the Plan allowing all these stakeholders to comply effectively with the regulations and make the most appropriate use of the Plan for their own benefit. Analyzes the Plan benefit options and requirements for participants and beneficiaries and
advises them on the full range of alternative courses of action and their implications. Examines and discusses with sponsoring institutions the Plan's requirements. Explains pension issues to sponsoring institutions, participants, and future
- Reviews external audits, actuarial studies, legal and investment advice proposals presented by external Plan advisors and makes recommendations on courses of action for the implementation of these proposals with the ultimate goal of
achieving a sound and funded Retirement and Pension Fund. The position requires that its incumbent meets periodically with actuaries, auditors, investment analysts, investment managers, financial advisors, custodians and other experts involved in
controlling the short-, medium- and long-term health of the Fund.
- Provides the Secretary-Treasurer and, when requested, the Committee, expert advice in the formulation of investment strategies, interest accreditation policies, investment policies.
The Plan benefits structure and its investment strategy present complex issues regarding its liquidity, so the incumbent of this position, has a further concentration in the analysis of liquidity strategies, cash management, and bond structures that will
allow the Plan to optimize and balance its need for liquidity with its investment efficiency.
- Manages the Fund's financial operation which encompasses a wide variety of funding sources (i.e. personal and institutional contributions,
reinstatements, revenues produced by the Fund's investments, etc.) and involving a large number of transactions.
- Supports the Secretary-Treasurer and the Committee in ensuring that the Office's internal controls, accounting and reporting of
records are functioning.
- Leads the Office team in compiling, analyzing and comparing financial data for the preparation of the Fund's financial statements and the annual report. This position is the main point of contact with the Fund's
external auditors. Prepares replies to the Fund's external auditors' queries and observations, and accompanies and supports the Secretary-Treasurer in his/her presentations to the OAS Board of External Auditors.
- The post has the added
complexity of dealing-besides regular financial information-with actuarial information. In that regard, the incumbent of this position analyzes actuarial assumptions regarding life expectancy, inflation, market expectations, etc. providing advice to the
Secretary-Treasurer and, when requested, to the Committee, in the selection of reasonable assumptions that are more likely to reflect reality in the future.
- Coordinates the preparation and monitors the implementation of the Office's budget,
recommends adjustments and reprogramming of allocated amounts and conducts the necessary consultations with the Secretary-Treasurer and the Committee.
- Provides technical assistance and guidance to the Secretary-Treasurer, the Committee,
participants and pensioners on tax related issues.
- Analyzes and reconciles accounts. Provides substantive support for the development and implementation of new accounting and financial policies.
- In the case of absence of the
Secretary-Treasurer, acts in its place performing the typical duties of that position.
- Performs others duties as requested by the Secretary-Treasurer of the Fund.
Essential: First University Degree (Bachelor) in Accounting, Business Administration, Economics, Finance or a related field, issued by a duly accredited institution and 11 years of relevant experience at
the national and international level OR Advanced University Degree (Master) in one of the fields listed above issued by a duly accredited institution and 7 years of relevant experience OR Doctorate and 4 years of relevant
Desirable: Experience or knowledge of the OAS mandate and priorities as related to the area of work and/or the dynamics of the Inter-American agenda and system.
Pension Administration and CPA
certifications, if the incumbent does not have it, should obtain it in a reasonable amount of time.
Continuous studies to maintain the CPA certification. Financial and investment background also desirable.
Experience in the field of pension
plan administration and accounting. Investment and actuarial knowledge. Experience in the preparation of financial statements and external audit.
A written exam to assess technical competencies will be
Computer Skills: Ability to effectively work using Microsoft Office (e.g. Outlook, Word, and Excel), and other software applicable to the area of work.
Essential – Proficient in at least two of the following languages: English, French, Portuguese, and Spanish (read, write and communicate); Language proficiency examination will be required.
– Working knowledge of the other two official languages.
Personal Competencies: Client Orientation, Knowledge Sharing, Teamwork, Interpersonal Skills, Managing and Coaching Staff, Strategic Planning, Encouraging
Innovation, and Decision Making/Judgment. Ability to clearly communicate in the languages required for the post.
The OAS is committed to achieving a diverse staff and therefore will take into account a wide geographic representation as well
as gender equity and equality in the selection of candidates.
Please note that the mandatory retirement age for staff members at the General Secretariat of the OAS is 65 years old.
Basic Salary: Starting: US$ 73,516.00
Post Adjustment: Starting: US$ 37,052.00
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