Retirement Benefits Specialist

Deadline: 12/4/2020 12:00:00 AM
Position Reference Number: FI016
Salary Range: Grade 8 / $54,435.39 - $89,818.39
Division-Section-Unit: Finance
Shift: Monday - Friday 8:30 AM - 4:00 PM
Location: Providence
Assignment(s) Comments:
Limitations: None
Position Covered By Collective Bargaining Union Agreement: No
Name of Bargaining Unit Union:


This position manages all aspects of the Narragansett Bay Commission’s Non-Union Defined Benefit Plan and Defined Contribution Plan as well as the Deferred Compensation Plan. Prepares RFQ/Ps for Investment Advisor and manages the investment advisor relationship. Develops, reviews and updates all Investment Policy Statements (IPS) and ensures that each NBC Plans is operating in compliance with the IPS. Manages NBC’s retirement plans to ensure IRS compliance including determination letter process along with the amendment and restatement of plan documents as required by changes in applicable law. Ensures participant notification of plan changes. Prepares supporting documentation and resolutions for retirement plan related items that require Board action and maintains all records. Manages the Investment Committee activity including the scheduling of quarterly meetings, development of agenda items and recording of minutes and all associated record keeping. Works with the Investment Advisor to provide employee education regarding retirement. Maintains relationship with the third-party administrator for recordkeeping, plan administration and compliance items. Administers the Non-Union Defined Benefit Plan including, plan assumptions and funding, preparation of annual PYE actuary reports, the GASB 67/68 FYE statements and the FYE audited financial report and management of eligibility, participation, contribution, distributions, and annual census information in consultation with legal counsel. Performs other duties and special projects as assigned.


Education/Experience: Must have three to five years working in employee benefits or related field with a four-year degree in business or related field. Equivalent combination of education and experience will be considered. Job Knowledge, Skills and Abilities: Candidate must have excellent interpersonal, organizational skills and basic retirement plan knowledge. Excellent writing and communication skills are required.

Americans with Disabilities Act (ADA) Provisions:

Reasonable Accommodations:
If an applicant is unable to perform any essential job functions because of his/her disability, but can achieve the required results by means of a REASONABLE ACCOMMODATION, then the individual shall not be considered unqualified for the position.

Medical Information:
Successful completion of a pre-placement physical examination and drug screen will be required after a conditional offer of employment has been made. Apply within the application period as shown. The NBC does not assume responsibility for applications sent through the mail. NOTE: The Narragansett Bay Commission union contracts allow a 3 day grace period for its members only.


    The Narragansett Bay Commission
    Human Resources Office
    One Service Road
    Providence, RI 02905
    Fax (401) 461-2242

E-mail E-mailed resumes must be received in MS Word Format.