Deputy Director

Job Description

Somerville Retirement Board (SRB)

Deputy Director

The Deputy Director reports to the Executive Director and supports and assists the Executive Director in the daily operation of the Somerville Retirement Office and performs the duties of the Executive Director in his absence. The Deputy Director must maintain a thorough knowledge of Massachusetts General Law Chapter 32, current regulations of PERAC, SRB Supplemental Regulations and Policies & Procedures.

The Deputy Director provides service to all members, retirees and survivors, while also managing and performing day-to-day accounting and finance functions.

Duties:

• Responsible for processing the monthly Retiree payroll and warrant utilizing Pension Technology Group software.
• Responsible for managing the automated general ledger for all accounts. Manage and process all accounting records and reconciliations.
• Participate in the monthly and year-end closings to allow for accurate, timely reporting to PERAC.
• Responsible for the supervision of the Retirement Board monthly expense/disbursement warrant.
• Responsible for managing the research and computation of buyback/make-up calculations.
• Responsible for counseling retirement system members explaining retirement benefits and the application process.
• Prepare, review, process and issue retirement estimates.
• Supervise, prepare and process submission of all final retirement calculations and documentation to PERAC via PROSPER.
• Respond to and satisfy member inquiries exercising exceptional customer service skills.
• Supervise all member transfers, refunds and rollovers.
• Patricipate in the preparation and review of the Annual Statement to PERAC.
• Responsible for comprehensively performing and managing timely and accurate processing, review and issuing of annual retiree 1099-R forms and Group 4 letters.
• Responsible for managing the timely coordination and completion of three bank account reconciliations with the City Treasurer.
• Responsible for supervising or reviewing the import of all member retirement payroll deductions.

Required Qualifications:

Strong accounting and/or financial reporting skills, analytical and problem solving skills, excellent customer service and oral and written communication skills.

Education and Experience:

Qualified candidates possess a bachelor’s degree in accounting or business related discipline from an accredited college or university plus a minimum of five years of related experience within a MA Chapter 32 public retirement system. Strong knowledge of and working experience with MA G. L. Chapter 32, PERAC regulations, PTG software, principles of accounting and practices and investments and finance.

Must possess proficient personal computer skills:  Microsoft Office Excel and Word; Pension Technology Group software.

The complete job description is available at: www.somervillema.gov/SRBDeputy

Extremely competitive salary, commensurate with experience.

Hours: Monday – Thursday 8:30 a.m. to 5 p.m., Friday 8:30 a.m. to 1:30 p.m. (remote Friday, plus one additional remote day).