Executive Director
*You may also download a copy of this job posting by clicking here.
The Firemen’s Annuity and Benefit Fund of Chicago (the “Fund”) is a statutory pension fund in Chicago, Illinois administered pursuant to the Illinois Pension Code. The Board of Trustees of the Fund is an eight-member Board comprised of four ex officio members and four members elected by the Fund’s members. The Fund’s assets are approximately $1.14 billion as of December 31, 2019 and the Fund serves approximately 4,630 active and 5,128 retired members. The Fund is seeking an Executive Director with a unique blend of strategic leadership skills, financial expertise, and administrative acumen to lead the Fund.
This position reports to the Retirement Board of Trustees and has general oversight of approximately 15 employees in Chicago, Cook County, Illinois. Information on the Fund can be obtained at www.fabf.org.
The ideal Executive Director candidate will possess several of the following attributes
- Bachelor’s degree from an accredited college or university with a degree in business administration, public administration, accounting, political science, law, or related fields.
- Knowledge of and experience with pension fund investment structures.
- Experience at the executive level in pension fund administration and fiduciary obligations, including asset management, benefit administration, and the statutory and regulatory
aspects of such management and administration.
- Executive management experience in supervising, managing, developing and motivating staff.
- Knowledge of benefit design, actuarial valuations, actuarial funding methods, alternative methods of investment management, financial reporting, accounting, and automated systems.
- Experience working with state legislatures and other public bodies on regulatory issues.
- Experience working with a board of trustees.
- Strong written and oral communication skills.
The position offers a competitive salary commensurate with experience and is expected to be in the annual salary range of $150,000 to $165,000. The position also includes an excellent benefits package.
Qualified candidates should submit resume and letter of interest up to and including
5:00 p.m. Central Standard Time, March 22, 2021, to:
Burke Burns & Pinelli, Ltd.
rsalgado@bbp-chicago.com
Fax: 312-541-8603
The Fund is an equal opportunity employer and is committed to increasing the racial, ethnic and gender diversity of its senior staff in accordance with the requirements of the Illinois Pension Code.
Defined Benefit Analyst
*You may also download a copy of this job posting by clicking
here.
The Firemen’s Annuity and Benefit Fund of Chicago (the Fund) was established in 1931 and is governed by ILCS 40, Act 5, Article 6 of the Illinois Revised Statues. The Fund was created for the purpose of providing retirement and disability benefits for Chicago fire personnel and paramedics and serves approximately 4,630 active and 5,128 retired members, as of December 31, 2019.
DEFINED BENEFIT ANALYST JOB POSTING
The Fund is seeking a Defined Benefit Analyst with a unique blend of strong communication skills, actuarial familiarity, exposure to reviewing statutory references and a history of administrative experience to serve the Fund’s participants. Reporting to the Deputy Director, the Defined Benefit Analyst shall be responsible for the accuracy and integrity of actual and estimated employee benefits calculations based on an understanding of the requirements of the Illinois Compiled Statutes and all required documentation and accounting mechanisms related to the participant benefit.
The Defined Benefit Analyst position duties include:
- Benefit application processing and calculation based on a thorough knowledge of the Illinois Pension Code
- Special project work analyzing benefit structures and payments in response to litigation, legislative changes, and for informational analysis requests.
- Providing Qualified Illinois Domestic Relations Orders (QILDRO) calculations in response to a subpoena, participant request or for retirement application processing.
- Utilization and maintenance of the Fund’s benefit management system and the Fund’s document management system.
- Interfacing with the Fund’s actuaries to perform actuary calculations relating to benefits.
- Building and maintaining spreadsheets utilizing database input to assist in the calculation
of various types of participant account adjustments and benefits
Qualifications
The qualifications for the Defined Benefit Analyst postion are:
- A four-year degree in the accounting, finance, business or a similar discipline
- Five years of professional experience in benefit payment calculations or equivalent experience
- Five years of professional experience using Microsoft Word and Microsoft Excel
- Actuarial experience desirable but not required
- Must be able to meet deadlines within time constraints
- Must be able to work independently while being accountable to supervisors
- Must exhibit good written and oral communication skills
The FABF provides excellent benefits to include:
- Medical, Dental, & Vision Insurance
- Defined Benefit Retirement Plan
- Paid Time Off, including vacation, holidays, sick & personal time.
The position offers a competitive salary commensurate with experience and is expected to be in the range of $65,000-$75,000 annually depending on experience and qualifications.
Please email your resume to
info@fabf.org by March 5, 2021. You may find additional information regarding the Fund at fabf.org.
