Deferred Compensation Supervisor - #495197
State of Wyoming
Date: 10/14/2021 14:00 PM
City: Cheyenne, Wyoming
Salary: $4,053 - $5,223 / month
Contract type: Full Time
Work schedule: Full Day
Open Until Filled
The purpose of the Deferred Compensation Supervisor is to administer all daily operational aspects of the 457 Deferred Compensation Plan. Ensure compliance with relevant laws & regulations governing the program and supporting the education and delivery of accurate information to the Wyoming employees and other stakeholders. Serves as a knowledgeable resource and point person for complex problems and service issues and makes sound recommendations on corrections. Perform duties inherent in a leadership role. Responsible for supervision of staff through training, coaching, and mentoring direct reports. Partners with a third-party record-keeper to coordinate updates and changes in plans and analyze and provide innovative ideas to ensure efficient member outreach. Daily, this position delivers excellent customer service to both members of the Plan and employer liaisons. Assists the Deferred Compensation Manager with developing the 457 Department annual plan. Provides budget input and employer compliance monitoring to provide members with a well-managed and financially sound Deferred Compensation Plan.
Human Resource Contact: email@example.com 307-777-6404
ESSENTIAL FUNCTIONS: The listed functions are illustrative only and are not intended to describe every function which may be performed at the job level.
- Establishes goals and workflow of daily operational activities by assigning and monitoring duties and activities for the sound operation or the WRS 457 Plan.
- Provides supervision to one state employee and two contract employees who are responsible for the daily functioning of the 457 Plan program; through training, coaching, and mentoring.
- Researches identify and correct any ongoing service-related issues and trends within the department and provide recommendations to the Deferred Compensation Manager regarding problems.
- Makes determinations on procedural or substantive issues, including qualifying all Plan distributions and employer eligibility.
- Maintain member's records and authorizations with Wyoming Retirement Systems data management systems.
- Partners with a third-party record-keeper to coordinate updates and changes to the Plan and analyze and provide innovative ideas to ensure efficient member outreach.
- Assist the Deferred Compensation Manager with statistics, reports, and other items in developing the 457 Department annual plan.
- Assist the Deferred Compensation Manager with input for the development of the 457 budget to provide a well-managed and financially sound 457 Plan.
- Works collaboratively with the Communication Officer and Deferred Compensation Manager in determining the most effective marketing techniques for promoting department programs and helps develop outreach to participants, potential participants, and other stakeholders.
- Manages enrollment of employers for electronic reporting and banking projects.
- Understands the competitiveness of the retirement program design relative to local government employers and nurtures the relationship between the Plan and local government agencies to encourage the promotion of the 457 Plan effectively.
Preference will be given to those with experience working with a 457 Deferred Compensation Plan and/or Pension Plan System.
Knowledge of the daily operations needed for well-run defined contribution plans.
- Knowledge of investing, financial planning, retirement planning, and the ability to disseminate knowledge.
- Customer service skills.
- Effective oral and writing skills and the ability to communicate clearly with others.
- Ethical and professional telephone and electronic communication skills.
- Ability to represent WRS to participating employers and members.
- Ability to develop and maintain constructive and cooperative working relationships with other state and local governmental agencies.
- Knowledge of the WRS 457(b) Deferred Compensation Plan, the WRS Pension Plans, and the Internal Revenue Codes (IRC) govern these plans.
- Leadership skills.
- Ability to teach financial concepts to WRS members with varying levels of understanding.
- Ability to work with a large, diverse population and lead within a small team environment.
- Technical skills to include comprehensive use of Microsoft Excel, Word, PowerPoint, and data management systems.
Bachelor's Degree (typically in Finance)
0-3 years of progressive work experience (typically in Finance) with acquired knowledge at the level of a Senior Investment Educator
Certificates, Licenses, Registrations:
Education & Experience Substitution:
4-6 years of progressive work experience (typically in Finance) with acquired knowledge at the level of a Senior Investment Educator
Certificates, Licenses, Registrations:
Necessary Special Requirements
PHYSICAL WORKING CONDITIONS:
- Some traveling may be required for this position.
- FLSA: Non-exempt
- Hiring will be contingent upon the successful passage of a background check.
072-Wyoming Retirement System
Click here to view the State of Wyoming Classification and Pay Structure.
The State of Wyoming is an Equal Opportunity Employer and actively supports the ADA and reasonably accommodates qualified applicants with disabilities.
Class Specifications are subject to change, please refer to the A & I HRD Website to ensure that you have the most recent version.