Chief Investment Officer (CIO)
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The Firemen’s Annuity and Benefit Fund of Chicago (FABF) is searching for a Chief Investment Officer (CIO). The CIO reports directly to the Retirement Board and is responsible for the oversight of FABF's investment process and portfolio. The assets of the Fund are managed externally by approximately 25 investment managers. Additionally, the Fund has an investment consultant that works directly with the CIO and Retirement Board. The Retirement Board holds monthly meetings and the investment portion of the meeting is led by the CIO, with the investment consultant attending and presenting relevant materials at each meeting.
- Develop and maintain Fund’s Statement of Investment Policy.
- Implement Board-approved target asset allocation and asset transfers.
- Monitor and implement actions to meet monthly Fund cashflows.
- Develop and monitor risk measurement methodologies for each portfolio manager, asset class and entire portfolio. Propose revisions to portfolio risk exposure as needed.
- Prepare and present monthly Board meeting investment materials.
- Act as primary Fund contact with all external investment managers.
- Initiate all Board-approved manager searches, terminations, contract reviews and fee negotiations.
- Coordinate manager presentations, as requested by the Board. Coordinate biennial investment manager symposium. Conduct regularly scheduled meetings with investment managers.
- Conduct on-site due diligence meetings and product presentations as needed.
- Act as primary Fund contact for all investment related Fund communications and financial reporting.
Qualifications of the CIO candidates should include, but are not limited to:
- Advanced degree in a finance-related major. CFA designation, or working towards, preferred.
- Five or more years of institutional experience with a broad familiarity of all asset classes.
- Leadership experience in an investment role in a public employee retirement system, or other government agency.
- Experience interacting closely with a Board of Trustees and other government officials.
- Demonstrated experience working with external investment managers and investment consultants.
- Basic technology skills and knowledge of investment-related applications.
- Fundamental accounting and actuarial skills and understanding of all government reporting requirements.
The FABF provides excellent benefits to include:
- Medical, Dental, & Vision Insurance
- Defined Benefit Retirement Plan
- Paid Time Off, including vacation, holidays, sick & personal time
- Flexible Schedule
The salary range for the position is commensurate with experience and qualifications.
Please submit a cover letter, resume and any other relevant information to: firstname.lastname@example.org
by 4pm on February 5, 2018.
Questions can also be submitted via email to email@example.com.
Defined Benefit Analyst
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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 related to the participant benefit.
- 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.
- Participant Contribution Accounting/Pension Deduction Ledger Accounts maintenance and reconciliation
- Provide Qualified Illinois Domestic Relations Orders (QILDRO) calculations in response toa subpoena or participant request and for retirement application processing.
- Utilization and maintenance of the Fund’s benefit management and accounting system and the Fund’s document management system.
- Building and maintaining spreadsheets utilizing database input to assist in the calculationof various types of participant account adjustments and benefits
The qualifications for the Defined Benefit Analyst postion are:
- A four-year degree in the accounting, finance, business or a similar discipline or
- Three years of professional experience in the calculation of benefit payments, payroll processing or equivalent
- Professional experience using Microsoft Word and Microsoft Excel
- Must be able to meet deadlines within time constraints
- Must be able to work harmoniously and communicate with other staff members
- Good verbal and written communication skills required
The FABF provides excellent benefits to include:
• Medical, Dental, & Vision Insurance
• Defined Benefit Retirement Plan
• Paid Time Off, including vacation, holidays, sick & personal time.
• Flexible Schedule
The starting salary for the position is dependent on experience and
Please email your resume to firstname.lastname@example.org
by March 15, 2018.