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Retirement Benefits Manager, MLS Manager III

Montgomery County, MD Employee Retirement Plans

in Rockville MD

Retirement Benefits Manager, MLS Manager III

Montgomery County Employee Retirement Plans

Rockville, Maryland

$79,196 - $144,751

This is a re-announcement. The status of applicants who previously applied will remain the same.

Montgomery County Employee Retirement Plans (MCERP) manages the administration, compliance and financial reporting for the County’s retirement programs. As of 12/31/19, the net assets of our plans total over $7.0 billion, with $390 million in annual contributions, and over $600 million in net annual investment income.

MCERP is seeking a Retirement Benefits Manager, MLS Manager IIII, to join their team. This person in this position will report to the Executive Director and will oversee benefit administration for the Montgomery County Employee Retirement Plans (MCERP). The Retirement Benefits Manager, with a staff of 2-4 employees, will be responsible for ensuring that the mission of MCERP is carried out in accordance with strategic plan objectives across all retirement plans and trusts. The Manager will have responsibility for planning, developing, and implementing the provisions of the retirement plans, communicating plan benefits and expectations, and evaluating the achievement of established objectives. In addition, he/she will evaluate policies and programs for the MCERP, as well as manage human capital and financial resources.

Key Duties

• Managing the PeopleSoft pension system, including directing consultants and overseeing changes to the system due to IRS regulations,  County bargaining agreements, and other factors
• Analyzing complex Federal and state tax code related to the payment of retiree/terminated employee benefits
• Evaluating changes to retirement benefits proposed due to legislation or bargaining
• Analyzing risks within the department and recommending changes to MCERP policies, guidelines, and programs to strengthen internal controls
• Evaluating the ERS liabilities and recommendation of the appropriate benefit levels; analysis and evaluation of the revenue sharing and expenses associated with the defined contribution plans
• Preparation of the department's annual operating budget related to the administration of the retirement plans. Providing guidance to staff on the budget process, and ensure timely completion of all required financial/budgetary reports and support documentation
• Compliance of all payments with contract terms and/or policies

Other Duties

• Determine, in consultation with Director, such matters as overall organization structure, department wide work programs, methods and processes and allocation of major resources;
• Conduct strategic, visionary, long-range department planning;
• Research, plan, and implement innovative concepts and programs;
• The ideal candidate should possess knowledge of retirement systems used to store, calculate, and pay benefits, Internal Revenue Service rules related to the retirement benefit structures, accounting regulations and reporting (Governmental Accounting Standards Board), and compliance policies and practices in the oversight of business operations and functions.
• The successful incumbent in this position applies excellent written and oral presentation skills in order to convey complex technical financial recommendations to the Board, County Directors and County Council.

Minimum Qualifications

Experience: Five (5) years of progressively responsible professional experience in defined benefit and defined contribution plans regulations and reporting.

Education: Graduation from an accredited college or university with a Bachelor's Degree.

Equivalency: An equivalent combination of education and experience may be substituted.

Medical & Background: Selected candidate will be required to successfully complete a Medical History Review prior to appointment. A criminal background and credit history check will be conducted on the selected candidate prior to appointment and will be a significant factor in the hiring decision.

This Recruitment will remain open until position is filled.

How to Apply

To view the complete job announcement and to apply, please visit our website at using the button below and then click on “Search for Jobs at MCG"

Select the "Managerial Executive" category and see the full job description at IRC43847

Interested candidates must create an account in order to submit a resume.

All resumes submissions must address the preferred criteria for the position which are located in the full advertisement accessed through the County’s website.

EOE M/F/H

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