Plan Manager (5109)

Job Posting

Plan Manager
Organization:  City of Saskatoon General Superannuation Plan
Province:  Saskatchewan
Location:  Saskatoon
Job Start Date:  01-Jan-2020
 
Description:

The City of Saskatoon General Superannuation Plan is a defined benefit pension plan for City of Saskatoon employees not covered by the police or firefighter pension plans.  It currently has assets valued at $900 million.  The Plan is sponsored by the City of Saskatoon with oversight by a Board of Trustees.

The Board of Trustees is currently searching for an individual to assume the role of Plan Manager.  The Plan Manager works independently and reports to the Board of Trustees.  The primary function of the Plan Manager is to ensure that the Board has completely and appropriately discharged its responsibilities as Plan Administrator. To do this, the Plan Manager will work in coordination and collaboration with other professional service providers such as investment consultants, investment managers, actuaries, lawyers, and the City’s administration services.  More specifically the Plan Manager will:

  • Monitor the Plan’s investments and provide advice on portfolio rebalancing to the Investment Committee in a timely and efficient manner and in accordance with Board approved guidelines,
  • Coordinate an annual review and update of the Board’s investment policies with the investment consultant,
  • Assist the Board in reviewing documentation and agreements for new investments and investment managers and coordinate the execution of agreements,
  • Report investment portfolio balances and returns to the Investment Committee monthly,
  • Monitor and manage cash needs of the Plan by working with investment managers, investment consultant, and City of Saskatoon to ensure the smooth and efficient operation of cash flow,
  • Maintain financial information, including the general ledger, and prepare monthly bank reconciliations, quarterly reports of financial position and changes in net assets available for benefits; and prepare the annual pension plan financial statements including note disclosures and prepare the audit file.
  • Prepare the Trust’s annual income tax return and prepare and file required GST returns,
  • Prepare and monitor the operating budget for pension plan expenses,
  • Review Plan expenses and approve and initiate payment of invoices,
  • Coordinate and organize meetings of the Board of Trustees and its various committees, including setting meeting dates, establishing agendas, collecting and/or preparing materials and coordinating timing with external service providers. Attend all Board and committee meetings and attend to tasks arising therefrom. Review the minutes of the Board and committee meetings prepared by the Secretary to the Board, ensuring their accuracy and completeness,
  • Develop and maintain governance and administrative manuals and policies, and the risk register as required and recommend updates to incorporate the latest industry developments,
  • Monitor and document all activities of the Board to ensure it has met its obligations as Plan administrator under the Pension Benefits Act and Regulations, Income Tax Act, and its obligations under the Plan Bylaw and Trust Agreement.

This is a contract position and the Plan Manager will be required to provide an office in Saskatoon, whether at home or elsewhere, at their expense.

Interested professionals should send their resume and or any questions to: cityofsaskatoon@aon.com.  Selected candidates will be contacted after November 15 to arrange an interview with the Board’s search committee.

Requirements:

A CPA, CFA, or other professional financial designation would be considered to be an asset, as would experience in pension plan administration.