Administrative Retirement Benefits Specialist, M4

Job Description

The New York City Employees’ Retirement System (NYCERS) is one of the largest municipal public employee retirement systems in the United States with nearly 375,000 active/vested members, retirees and beneficiaries. NYCERS is a defined benefit retirement plan and a cost-sharing, multiple employer public employee retirement system. We are looking for individuals with passion, dedication and commitment to excellence and innovation who are interested in adding to our dynamic and collaborative work environment. Working for the City of New York, you will receive excellent benefits, including healthcare, vision benefits, dental benefits, as well as the opportunity to participate in the City’s retirement plan. NYCERS offers a hybrid work environment with partial onsite work and partial telework.

Job Description:

NYCERS’ Finance Division seeks a Quality Assurance Administrator. Under the direction of the Finance Deputy Director, the Administrator will have broad oversight of the division, ensure the accuracy and integrity of financial records, transactions and processes, identify issues, and implement corrective actions to maintain compliance and ensure financial accuracy.

The Administrator will support the Finance Deputy Director in leading a dynamic 30-member team and providing management and leadership guidance for their staff on a variety of general administrative, general and investment accounting, financial reporting, and banking related issues. The follow-up of delegated work must be very thorough. The Administrator must be a collaborator and able to facilitate collaboration within the Finance Division and with other internal and external stakeholders. Key responsibilities include:

Financial Record Review:
Conduct thorough reviews of financial records, transactions, and processes to identify potential errors, discrepancies, or areas for improvement. Provide second-level review of all fiscal transactions for accuracy and completeness.

Issue Identification and Remediation:
Identify and analyze financial discrepancies, errors, or weaknesses in internal controls, and develop and implement corrective actions to address these issues.

Compliance:
Ensure compliance with relevant financial regulations, accounting standards, and internal policies.

Process Improvement:
Identify opportunities for process improvement in financial operations and implement changes to enhance efficiency and accuracy.

Reporting and Communication:
Prepare and present reports on process improvements, and compliance status to management and stakeholders.

Training and Support:
Provide training and support to other team members on financial processes, procedures, and compliance requirements.

Collaboration:
Collaborate with colleagues, other departments and external auditors to ensure financial integrity and compliance.

An ideal candidate would have:
- Strong accounting background and experience in financial reporting, investment accounting, accounts receivable, and accounts payable, and bank reconciliations.
- Extensive experience and knowledge of auditing and banking principles.
- Experience and demonstrated knowledge of preparing/analyzing year-end audited financial statements for any organization.
- Experience with overseeing, planning, and coordination of financial closing process with external CPA auditors.
- Experience and knowledge of developing internal control and accounting systems.

ADMINISTRATIVE RETIREMENT BENE - 82986

Qualifications

1. A baccalaureate degree from an accredited college or university including or supplemented by 12 credits in mathematics, statistics, accounting, and/or actuarial science and four years of satisfactory full-time experience implementing the provisions of a retirement plan involving the use of mathematical, statistical, actuarial or accounting computations, 18 months of which must have been in an administrative, managerial or executive capacity or supervising professionals implementing the provisions of a retirement plan involving the use of mathematical, statistical, actuarial or accounting computations; or


2. An associate degree or 60 credits from an accredited college or university, including or supplemented by 12 credits in mathematics, statistics, accounting and/or actuarial science and six years of satisfactory full-time experience as indicated in “1”; or


3. Education and/or experience equivalent to “1” or “2” above. However, all candidates must have 60 credits from an accredited college or university, including or supplemented by 12 credits in mathematics, statistics, accounting and/or actuarial science and the 18 months of experience in a supervisory, administrative, managerial or executive capacity as described in “1” above.

Additional Information

The City of New York is an inclusive equal opportunity employer committed to recruiting and retaining a diverse workforce and providing a work environment that is free from discrimination and harassment based upon any legally protected status or protected characteristic, including but not limited to an individual's sex, race, color, ethnicity, national origin, age, religion, disability, sexual orientation, veteran status, gender identity, or pregnancy.