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Division Manager-Retirement Services (Accounting)
Job ID:2839
City of San Jose, South Bay

City Administration

For more info contact:
[email protected]
(408) 794-1020
Close Date: Jul 18, 2013
Salary: $86,156.27 - $131,591.02 Annually

About the Department


The City of San José, the Capital of Silicon Valley, is one of the nation's best managed cities and one of the top ten cities in which to live, work, and do business.  Moreover, San José is the center of cultural, government and economic activity for the region.  The employees of the City of San José have embraced the following values:  Integrity, Innovation, Excellence, Collaboration, Respect and Celebration.  The City's Retirement Services Department is seeking an individual whose values align with the values of the City's employees.


The Department of Retirement Services (DRS) oversees the investment of assets and administers the benefits of the two Defined Benefit Retirement Plans for the City of San José Employees. One plan is for the sworn police and fire employees called the Police and Fire Department Retirement Plan.  The other plan is for all other eligible City employees called Federated City Employees'  Retirement System.  The assets of the two plans total over $4.5 billion.  As of June 30, 2011, there were over 5,300 retirees and beneficiaries, and over 5,400 active employees in the two retirement plans.  Each of the retirement plans has a Board of Administration that has fiduciary responsibility over their respective retirement plan.  The DRS staff has accountability to them as well as City Administration.  The DRS has a total of about 30 employees spread among five different work groups within the department:  Investments, Benefits, Accounting, Information Technology, and Administration.  In addition, the DRS has its own pension administration system called PensionGold that holds all pension/contribution information for active members and retirees and is used in almost all of the functions for the Benefits Group staff.


Position and Duties


Accounting Division Manager will report to the Chief Operations Officer (Deputy Director) and will be responsible for: 


Management of Accounting Functions:


*Responsible for all financial reporting, including the publication of the Comprehensive Annual Financial Report for the two Retirement Plans and their two Health Care Trusts and the roll-up to the City's CAFR.


*Responsible for Retiree Payroll for the two Retirement Plans


*Responsible for creating and monitoring the Budgets for the two Retirement Plans and roll up to the City Budget


*Responsible for annual third party Financial Audit plus any Operational Audits from the City Auditor and staffs the Boards' Audit Committees


*Presents all accounting related issues directly to the Retirement Boards and manages all assignments beyond regular job duties.


*Responsible for all Investment Accounting and management of their contract fees


*Responsible for all other aspects of accounting for the department, including, but not limited to, Board and employee travel, vendor payments, retirement contribution reconciliation, set-up and monitor operational controls, monthly cash flow analysis, and management of accounting staff.


Management of Accounting Group personnel consisting of:


*Two Senior Accountants


*One Accounting Technician


*One Senior Account Clerk


*One Account Clerk


Plan, implement and manage projects as assigned


Liaison with other working groups within the department and citywide.


Minimum Qualifications


Any combination of training and experience equivalent to:


*Education: Bachelor Degree from an accredited college or university in Accounting  or a related field.


*Experience:  Six years of progressively responsible experience in financial accounting, with a preference for experience with Governmental Defined Benefit Pension Plans and including at least three years of supervisory experience of professional staff.


-Employment Eligibility:  Federal law requires all employees to provide verification of their eligibility to work in this country.  Please be informed that the City of San José will not prepare or file a labor condition application with the Department of Labor.


To Learn More and Apply


To view the full announcement for this exciting opportunity and apply online with the City of San José, please visit the City of San José’s employment page by clicking on the link below.


Then click on the “Prospective Employees” link.  


City of San José Employment Page


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