Winthrop Retirement Board Job Description -RETIREMENT COORDINATOR
The Winthrop Retirement Board is seeking candidates for the position of Retirement Coordinator. The Retirement Coordinator will be responsible for the day to day operation of a busy one-person office and for prioritizing and scheduling the workload to meet or exceed organizational goals. The Pension Administrator reports to the to the five-member Winthrop Retirement Board and works under the authority of the Board.
Qualifications:
- Bachelor’s degree in business or related field preferred
- Strong math, accounting, and analytical skills
- Knowledge of Massachusetts General Law Chapter 32 and PERAC regulations
- Familiarity with Pension Technology Software, Microsoft Word and Microsoft Excel
- Must possess excellent communication and interpersonal skills
- Understanding of Massachusetts Open Meeting Law
Duties of the Retirement Coordinator:
- Â Maintain working knowledge of PERAC policy updates and memoranda, changes to G.L. C. 32, and 840 CMR, attend seminars and conferences related to retirement topics
- Functions as the Keeper of the Records of the Winthrop Retirement System, maintains working knowledge of federal, state, and confidentiality public records laws, disseminates information responsive to requests accordingly while safeguarding members’ privacy
- Responsible for maintenance of all financial records of the System, including preparation of monthly cash books to be submitted to PERAC, as well as general ledger and trial balances, within established time deadlines
- Preparation of annual statement of financial condition of the system
- Counseling members in regard to potential retirement benefits
- Calculation of estimated and final retirement allowances for members
- Responsible for processing disability applications from application to final approval
- Review Worker’s Compensation Settlements for consistency with statute and regulations
- Responsible for buy back calculations
- Provides annual Annuity Savings Fund balance statements to all active and inactive members of the System
- Prepare and process Forms 1099-Rs annually to retired and terminated members of the system and submit to the IRS as required
- Responsible for preparing the monthly Board meeting agenda and distributing all pertinent information to members of the Board, properly posting all meeting notices
- Preparation of the minutes of all Retirement Board meetings and executive sessions
- Maintain working knowledge of Open Meeting Law
- Compiles and submits annual appropriation data to PERAC, advises governmental units of annual appropriation
- Responsible for conducting all Retirement Board elections in accordance with 840 CMR 7
Additional duties as required, and as instructed by the Board.
Salary commensurate with experience up to $105,000.
The candidate selected for this position must agree to a background check and CORI.