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UC OFFICE OF THE PRESIDENT
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The Actuarial Services Group coordinates the actuarial-related processes for the University's retirement benefit programs, including the University of California Retirement Plan (UCRP) and its segments, the 415(m) Restoration Plan, the PERS Plus 5 Plan and the Retiree Health Benefit Program. The team is responsible for actuarial-related policy, research, and related operational projects, as well as providing support to the collective bargaining process in regard to these programs.
Involves design and development of retirement or other employee benefit programs and policies. Reporting to the Manager - Actuarial Services Group (Benefits Program Strategy Analyst 5) provides analysis for planning, policy development and other related issues regarding the UC pension and retirement programs. Scope of policy and program areas may include any of the of the UC Retirement System (UCRS) plans (UC Retirement Plan (UCRP), the 415(m) Restoration Plan (415(m) Plan), Defined Contribution Plan, Tax-Deferred 403(b) Plan, and 457(b) Deferred Compensation Plan), and the UC Retiree Health Benefit Program (UCRHBP); however, this position's primary focus is on the defined benefit plans, UCRP and the 415(m) Plan.
Assignments are usually on a project basis. Incumbent analyzes the issue(s), gathers data/information, develops and evaluates alternative solutions, and makes recommendations. Job duties include planning projects, establishing project functional goals and objectives, and determining, negotiating, allocating and managing resources.
The incumbent works under direction to accomplish the tasks noted above. Uses skills as a seasoned, experienced professional with a full understanding of industry practices and policies and procedures; resolves a wide range of issues in imaginative as well as practical ways. Works on problems of diverse scope where analysis of data requires evaluation of identifiable factors. Demonstrates good judgment in selecting methods and techniques for obtaining solutions. Cultivates internal and some external contacts.
Provides analysis regarding the development, implementation, and administration of retirement programs and policies; represents UC retirement programs to internal and external organizations; assists in the setting of unit goals in alignment with HR and UC strategic goals. A majority of analyses are of an actuarial nature. Provides analytical support to all initiatives, assignments and projects set by the Manager. Analytical support includes the following: Assists in the preparation and review of the annual actuarial valuations for UCRP and each of its four segments, the PERS Plus 5 Plan and the Retiree Health Benefit Program. Assists with various other actuarial and financial studies and analyses, including the UCRP Experience Study. Planning and preparing comprehensive analytical studies for senior management, including studies relating to retirement benefits at the Department of Energy Laboratories and the UC Medical Centers. Studying existing and proposed UC pension and retirement programs, policies and procedures to ensure cost-effective and efficient delivery of services to employees and annuitants. Ensuring programs comply with applicable regulations and policies; preparing directives, regulations, and other instructions for issuance to other units. Providing consultative service for UC pension and retirement programs to all levels of employees, leadership, faculty, Regents, labor contract negotiators, and other stakeholders across the University. Developing and recommending options for new UC pension and retirement program structure, policies, and procedures. Establishing and maintaining contact with officials in the University, government and industry for the collection and exchange of information regarding pension and retirement programs. Proactively ensures that pension and retirement programs and policies are compliant with relevant state and federal laws, regulations, and contractual obligations. Assists in oversight of ongoing retirement programs and policy improvement and efforts to assure transparency and accountability in the adoption and administration of retirement program policy. Participates in collaborative coalitions to proactively address key retirement programs, policies and legislative/regulatory issues, including the processing and review of manual 415 Limit testing calculations. Represents the University and interacts with external parties such as attorneys, consultants, and professional organizations. Implements new pension and retirement programs or and/or implements changes to existing pension and retirement programs. Implementation will often have system-wide, long-term impact to University employees.
In collaboration with the Manager acts as a point of contact and primary interface with requesting department units, UC locations, other stakeholders, or vendors regarding UC retirement programs; emphasis on actuarial-related areas. Assists in relationship management to support the Manager, other departments and other UC locations, clients, and external entities related to retirement policy and retirement benefits programs, process improvement and planning initiatives. Under direction, consults with HR professionals, UC management, and the Office of General Counsel to establish and maintain essential and effective retirement policies and practices. Assists in managing the consultation process with various University-wide groups including, but not limited to, the Faculty Welfare Committee, UCRS Advisory Board, Benefits Managers, Academic Personnel Coordinators, Labor Relations, CUCRA, and CUCEA. As needed, attends various internal meetings, including those of the UCRS Advisory Board. Prepares agenda items and may give presentations to these groups. Assists and supports the Manager in the process for the development, review and delivery of communications regarding retirement programs and policies to employees and campus locations. Coordinates UC locations' responses to formulate university-wide position on specific relevant issues. Coordinates with UCOP Labor Relations negotiators during labor contract negotiations in fulfillment of information and consultation needs in support of the University bargaining process. Drafts timely and accurate proposals, memoranda and administration documents for strategy and planning purposes. Provides training support, tools, techniques, and materials for human resources professionals on process or planning activities at locations.
Defines scope, performance expectations and results for projects and assignments in collaboration with Manager - Actuarial Services Group. Actively manages own workload and assigned projects. Works closely with Manager to ensure unit and program goal achievement system-wide. Facilitates the management of the design, modification and implementation of the University's retirement programs and policies on a system-wide basis.
Analytical and research skills as demonstrated by the ability to develop, assess, and synthesize information and recommendations from a wide variety of sources on a broad range of issues to formulate program, policy, and service recommendations.
Critical and creative thinking skills to assess current program design strengths and weaknesses and formulate original policy and programmatic designs; ability to apply strategic thinking to develop problem-solving approaches that address interrelated needs of stakeholders and plan members.
Strong interpersonal skills as demonstrated by the ability to interact collaboratively and productively with diverse staff within the Office of the President, at the campuses, and with other universities and higher education associations, and proven ability to represent University positions effectively to external constituencies and other colleagues.
Proficiency with Microsoft Office Suite and other standard office software.
Customer service orientation that demonstrates responsiveness in proactively addressing issues and escalated complaints.
Demonstrated ability to function in a complex institutional environment Ability to apply judgment and political acumen in problem solving; ability to understand interrelated needs of campuses, the Office of the President, and/or bargaining units while being conscious of alternatives and their consequences.
Demonstrated working knowledge of principles and practices of human resources programs and associated legal and procedural requirements and federal and state rules and regulations. Strong mathematical, data analysis and technical skills.
Excellent written and verbal communication skills as demonstrated by the ability to articulate complex information and issues clearly, concisely, and persuasively using appropriate grammar, vocabulary, and business style.
Knowledge of UCRS plans and UC organization, policies and procedures. Experience with databases and web-based applications including statistical software to manipulate large volumes of data and determine observations and trends.
Working knowledge of actuarial concepts, preferably public sector pension and retiree health & welfare benefits area
Bachelor's Degree in related area or an equivalent combination of education and experience. Approximately four years relevant professional experience in benefits, compensation, employee or labor relations, or a related field; demonstrated program proficiency and/or design experience in one or more human resources functional areas such as retirement benefits, health and welfare benefits, employee/labor relations, and related practices (subject matter expert in at least one of these areas).
SALARY AND BENEFITS
Salary: The Recommended hiring range is $85,000.00 to $98,900.00. Commensurate with experience.
Benefits: For information on the comprehensive benefits package offered by the University visit: Benefits of Belonging
HOW TO APPLY
Please be prepared to attach a cover letter and resume with your application.
APPLICATION REVIEW DATE
The first review date for this job isJune 21, 2021. The position will be open until filled.
Smoke Free Work Environment: The University of California, Office of the President, is smoke & tobacco-free as of January 1, 2014. UC Smoke & Tobacco Free Policy
The University of California, Office of the President, is an Equal Opportunity/Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, age or protected veteran status. EEO/AA Employer UC Nondiscrimination Policy
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About University of California Office of the President
The Office of the President is the systemwide headquarters of the University of California, managing its fiscal and business operations and supporting the academic and research missions across its campuses, labs and medical centers.