Peabody Contributory Retirement System, Pension Administrator
Summary of Responsibilities:
The Pension Administrator reports to the to the five-member Peabody Retirement Board and works under the authority of the Board. The Administrator is to provide successful leadership and management of the day-to-day obligations and operation of the Peabody Retirement System and ensures that its operations comply with the requirements of Massachusetts General Law (MGL) Chapter 32; the rules and regulations of the Public Employees Retirement Administration Commission (PERAC) and the policies of the Peabody Retirement Board. Supervise and coordinate the work for the system which involves financial record keeping, financial compliance and reporting obligations. Liaison between the Retirement Board and external accountants, auditors, actuary, investment advisors, attorneys, custodial and consultant personnel. Works cooperatively with city departments and other Massachusetts retirement systems. Responds to questions, research and resolve retirement issues. Serves as Public Records Officer for the retirement system.
Recommended Minimum Qualifications:
Bachelor’s degree in math, business administration, finance, or accounting plus five years of related experience in administration, finance, accounting, or auditing are required or an equivalent combination of education, training and experience. Proficient knowledge of retirement system administration and MGL Chapter 32 is required. Skilled with commonly used applications in finance and office functions including Word, Excel and Bay State Pension Solutions.
The pension administrator position requires confidentiality, analytical skills, attention to detail and the ability to troubleshoot and resolve matters. This is a salaried exempt position pursuant to FSLA. The pension administrator is expected to occasionally work evenings and weekends if deadlines are dictated and will oversee a staff of two full-time employees.
Peabody City Hall is open Monday through Wednesday 8:30 a.m. to 4 p.m., Thursday 8:30 a.m. to 7 p.m. and Friday 8:30 a.m. to 12:30 p.m. The Board expects the Administrator to be available during these hours.
Candidates for this position will be subject to a background and CORI.
Salary Range: $105,000 – $135,000.00 commensurate with qualifications.
Resume should be submitted no later than Nov. 28 to:
email resume to [email protected]
or mail to
Attn: Richard Yagjian
Chair, City of Peabody Retirement Board
24 Lowell St.
Peabody, MA 01960