Vice Presidency for Finance and Administration - Staff Retirement Plan
VPF/SRP
Pension Administration Consultant
Location: Washington D, C United States
The IDB Group is a community of diverse, versatile, and passionate people who come together on a journey to improve lives in Latin America and the Caribbean. Our people find purpose and do what they love in an inclusive, collaborative, agile, and rewarding environment.
About this position
At the Inter-American Development Bank, we are devoted to improving lives. Since 1959, we have been a leading source of long-term financing for economic, social, and institutional development in Latin America and the Caribbean through loans, grants, and guarantees. We partner with our 48-member countries to provide Latin America and the Caribbean with cutting-edge research about relevant development issues, policy advice to inform their decisions, and technical assistance to improve on the planning and execution of projects. For this, we need people who not only have the right skills, but also are passionate about improving lives. Working with us, you will be surrounded by a diverse group of people who have years of experience in all types of development fields, including transportation, health, gender and diversity, communications, among others. The IDB Group's Staff Retirement Plans Pension Administration team is part of the Executive Secretariat of the IDB Group Retirement Plans (VPF/SRP) and oversees administering the benefits and actuarial lifecycle of six retirement plans for international and local employees. With over 5,000 participants, the Secretariat needs a strong team of professionals to administer pension benefits, payments, and associated pension administration systems in an efficient manner.
What youโll do
โข Perform the required tasks for the determination of pension benefits for the Staff and Local Retirement Plans, restoration of service, and transfer of pension rights under the IDB Retirement Plans agreements.
โข Apply Bank's Personnel Policies and Retirement Plans' Regulations to effectively counsel Plans' participant on benefits and retirement options, as well as long-term financial impact on participants and beneficiaries.
โข Maintain transactional flow, payment reconciliation, and other spreadsheets used for reporting purposes; as well as to verify the accuracy of bank statements and the reconciliation of all reports in order to identify and correct errors.
โข Assist in the preparation of documents and presentations for Bank's senior management and Plan's Governance Committees.
โข Assist in monitoring current pension trends and to provide support for in-depth research studies on-pension related matters.
โข Support the improvement of the business processes, tools and methodologies related to pension administration.
โข Work with the Bank's internal and external auditors, payroll, budget, and accounting personnel.
What youโll need
ยทEducation: Master's degree in Business Administration, Economics, Public Administration or Law: concentration on Human Resources or similar preferred.
ยทExperience: Minimum of five (5) years of professional experience in pension administrationยญ related matters and/or human resources management.
ยทLanguages: Proficiency in English and Spanish is required. Knowledge