Deferred Compensation Division Manager (SPSA, Opt. 1)
Springfield, IL, US, 62703-2487
Agency: Department of Central Management Services
Closing Date/Time: 04/21/2021
Salary: $7,084.00-$8,750.00 /month Anticipated
Job Type: Salaried Full Time
County: Sangamon
Number of Vacancies: 1
Plan/BU: Term Appointment Gubernatorial (Management Bill) 000
****************A RESUME IS REQUIRED FOR THIS JOB POSTING****************
Please attach a DETAILED Resume/Curriculum Vitae (CV) to the MY DOCUMENTS section of your application. You WILL NOT be considered for the position if you attach a CMS100, CMS100b or any other document that is not a Resume or CV.
POSITION OVERVIEW
Do you have an interest in helping people plan for their futures? How about giving people a sense of understanding regarding their retirement options? If so, the Deferred Compensation Division Manager position may be ideal for you. The State of Illinois’s Deferred Compensation Plan is a supplemental retirement plan for State Employees. This position oversees the administration of the Deferred Compensation Plan. The ideal candidate would serve as a principle policy advisor to the Deputy Director of the Bureau of Benefits and the Assistant Deputy Director. The ideal candidate would be able to analyze current programs under the Plan and recommend new legislation or revisions in order to enhance service levels. The ideal candidate would serve as the spokesperson on behalf of the agency on Deferred Compensation to the legislature, government officials, and interest groups.
This position requires someone with a willingness to help others build a strong future as well as maintain an effective business plan. If that sounds like you, then the Bureau of Benefits invites you to apply for the Deferred Compensation Division Manager position.
JOB RESPONSIBILITIES
20% Under the general direction of the Assistant Deputy Director, serves as the Deferred Compensation Division Manager, in accordance with the Illinois Pension Code, overseeing the administration of the Deferred Compensation Plan subject to the general supervision of the Illinois State Board of Investments
|
JOB RESPONSIBILITIES (CONTINUED)
15% Oversees, through the Deferred Compensation Plan recordkeeper and subordinate managers, the enrollments of new participants, transfers of participants into the Plan from other retirement plans, transfer out of the Plan into other retirement plans, distribution of assets to beneficiaries of deceased participants, deferred exchanges in which a deferred exchanges in which a participant changes allocations of assets or composition of investment funds insuring provision of Deferred Compensation services to employees, retirees and beneficiaries
|
JOB RESPONSIBILITIES (CONTINUED)
15% Serves as official spokesperson on behalf of the agency on Deferred Compensation matters
|
JOB RESPONSIBILITIES (CONTINUED)
15% In accordance with the Illinois Pension Code, oversees the administration of the Deferred Compensation Plan subject to the general supervision of the Illinois Board of Investments in coordination with General Counsel and Illinois State Board of Investments
|
JOB RESPONSIBILITIES (CONTINUED)
10% Serves as full line supervisor
|
JOB RESPONSIBILITIES (CONTINUED)
10% Serves as Executive Secretary of the Deferred Compensation Financial Hardship Committee
|
JOB RESPONSIBILITIES (CONTINUED)
10% Oversees the third-party plan recordkeeper with technical support from the Department of Innovation and Technology (DoIT), which includes
|
JOB RESPONSIBILITIES (CONTINUED)
5% Performs other duties as required or assigned which are reasonably within the scope of the duties enumerated above.
MINIMUM QUALIFICATIONS
- Knowledge, skill and mental development equivalent to four (4) years of college with courses in business and public administration
- Four (4) years administrative experience in a public or business organization in the financial or employee benefits field
- Two (2) years of supervisory experience
PREFERRED QUALIFICATIONS (IN ORDER OF SIGNIFICANCE )
- Two (2) years’ experience with State and Federal regulation affecting financial investment and pre-tax programs
- One (1) year experience with a defined contribution plan
- One (1) year experience communicating technical information to a non-technical audience within various levels of an organization
- Five (5) years’ experience in MS office such as Word, Excel, Access, Outlook, mainframe and online enrollment systems
- One (1) year experience researching, recommending, or negotiating new or revisions to existing plans, policies, rules, and initiatives
- One (1) year experience working in collaboration with third party vendors
CONDITIONS OF EMPLOYMENT
- Overtime is a condition of employment and you may be required/mandated to work overtime including scheduled, unscheduled or last-minute overtime
- Requires the ability to travel in performance of duties
- Requires the ability to pass a background check
- Requires a valid and current driver’s license
Work Hours: 8:30 am-5:00 pm Monday-Friday
Work Location: 801 S 7th St Springfield, IL 62703-2487
Agency Contact: Suzanne.LaTourelle@illinois.gov
Job Function: Administration/Management
Agency statement
Central Management Services (CMS) is the operational engine working behind the scenes to enable the State's more than 60 agencies, universities, boards, and commissions to deliver efficient, reliable services to all Illinois citizens. The Agency's mission is to support the State by delivering innovative, responsive, and effective services that provide the best value for Illinois State government and the people it serves. Among the services CMS provides are human resources facilitation; benefits programs for employees, retirees and local governments; property and facilities management; diversity initiatives for public contracting and State employment; joint purchasing support; vehicle fleet oversight and support; surplus property programs; print and electronic communications services; and administrative hearings coordination.