Deferred Compensation Plan and Defined Benefit Plan Administrator (City Controller's Office)

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A competitive salary, five-year vested pension plan, great benefits package that includes health, vision and dental insurance, pet insurance, tuition reimbursement, qualifying childcare assistance, paid time off and more.

Join our diverse workforce and help us in providing excellent service to the residents of Dallas while building a rewarding career.

Job Summary

Job Description
 

Overview

The Deferred Compensation Plan and Defined Benefit Plan Administrator assists the City Controller in the financial and operational management of the City of Dallas Deferred Compensation Plans and Defined Benefit Plans.

The City has three (3) deferred compensation plans and two (2) defined benefit plans. Permanent full-time employees may contribute to 401k and 457 plans on a pre-tax and after-tax basis.

Part-time employees and elected officials may choose a mandatory contribution to a deferred compensation plan. The Dallas Employee Retirement Fund is the defined benefit plan for all non-sworn employees. The Dallas Police and Fire Pension Plan is the defined benefit plan for all sworn members of the Dallas Police Department and the Dallas Fire Department.

Essential Functions

1 Serves as the point of contact for all employees and retirees for all operational issues and questions related to contributions, loans, and qualified domestic relation orders.

2 Manages the deferred compensation plan boards, including conducting and coordinating board meetings, board elections, and board education.

3 Manages the relationship with the City’s third-party deferred compensation plan administrator.

4 Partners with the third-party administrator to increase employee participation in terms of both the number of employees participating and the amount contributed by increasing awareness of the plans and frequency of communication to all City departments.

5 Implements statutory changes to the plans as required by the legislation or the IRS.

6 Works with the City Attorney’s Office and outside legal counsel as necessary to update or amend plan documents.

7 Reviews and reconciles bi-weekly City contributions to both plans.

8 Assists actuarial consultant with data collection and analysis.

9 Attends all defined benefit plan board meetings in person.

10 Reviews annual financial statements and actuarial reports.

11 Assists City Controller with analysis related to Texas HB 3158 and the State of Texas Pension Board requirements relating to Financial Soundness Restoration Plans.

12 Performs all other work as needed or assigned.

Minimum Qualifications

Education

Bachelor’s degree in Accounting, Actuarial Science, Mathematics, Statistics, or other analytical field.

Experience

5 years of experience managing deferred compensation plans and/or defined benefit plans.

Licenses and Certifications

Certified Public Accountant preferred.

Knowledge, Skills, and Abilities

1 Knowledge of deferred compensation benefit plan administration.

2 Knowledge of defined benefit plans.

3 Knowledge of Governmental Accounting Standards related to defined benefit plans.

4 Strong organizational skills.

5 Knowledge of financial and data software and calculation systems.

6 Ability to identify and compile large amounts of data and organize with competency and clarity.

7 Ability to provide statistical analysis to mitigate risk and ensure efficient operations.

8 Communicating effectively verbally and in writing.

9 Establishing and maintaining effective working relationships.

Salary Range

 

$98,610.66 - $123,263.32

The salary listed on this job posting is the starting salary range; amount offered will depend upon qualifications.

City of Dallas is an Equal Opportunity Employer and values diversity at all levels of its workforce.