Pension Administration Consultant
Job description
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 you’ll do
- 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.
- 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.
- 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.
- Assist in the preparation of documents and presentations for Bank's senior management and Plan's Governance Committees.
- Assist in monitoring current pension trends and to provide support for in-depth research studies on-pension related matters.
- Support the improvement of the business processes, tools and methodologies related to pension administration.
- Work with the Bank's internal and external auditors, payroll, budget, and accounting personnel.
What you’ll need
- Education: Master's degree in Business Administration, Economics, Public Administration or Law: concentration on Human Resources or similar preferred.
- Experience: Minimum of five (5) years of professional experience in pension administration related matters and/or human resources management.
- Languages: Proficiency in English and Spanish is required. Knowledge of another Bank official language is desirable.
Core and Technical Competencies
- Human Capital Policies and Strategies: Demonstrates knowledge of HR, Payroll, and Pension policies/programs and the ability to design, update and apply them. Aligns people strategies, policies, and programs with the IDB's strategic direction.
- Client Focus: Understands client needs and provides services that meet their expectations for quality and performance. Strong quantitative skills and proven track record in customer service. Ability to monitor, analyze and initiate transactions, prepare reports, and monitor compliance.
- Change Management: Applies state of the art change management theory and practices to anticipate, identify, conceptualize, and implement change activities that ensure impact on key initiatives and shape organizational culture. Develops imaginative ideas and solutions through creativity, experimentation, and critical thinking.
- HR and Pension Programs Administration: Administers and improves processes and programs to ensure that goals are achieved while maintaining workplace compliance, consistency, and fairness. Leverages technology to enhance client services and contain costs.
- Assessment, Measurement and Analytics: Analyzes data and trends to identify, diagnose and solve problems, and make decisions contributing to enhanced retirement programs, processes, and/or systems. Establishes key metrics and monitors progress toward objectives.
- Collaboration, Teamwork and Inclusion: Works cooperatively with others, independent of background (e.g., gender, ethnic origin, religion, disability, sexual orientation, background, perspective) or organizational role, and takes a team-based and inclusive approach to projects and decision making. Meets the Bank's expectations for ethical behavior.
- Communication and Influence: Communicates effectively and leverages relationships and strategies to influence others.
Requirements
- Citizenship: You are a citizen of one of our 48-member countries.
- Consanguinity: You have no family members (up to the fourth degree of consanguinity and second degree of affinity, including spouse) working at the IDB, IDB Invest, or IDB Lab.
- COVID-19 considerations: the health and safety of our employees are our number one priority. As a condition of employment, IDB/IDB Invest requires all new hires to be fully vaccinated against COVID-19.
Type of contract and duration
Type of contract: Full-Time Consultant
Length of contract: 12 months
Location: On Site
What we offer
The IDB group provides benefits that respond to the different needs and moments of an employee’s life. These benefits include:
- A competitive compensation package.
- A flexible way of working. You will be evaluated by deliverable.
Our culture
At the IDB Group we work so everyone brings their best and authentic selves to work, willing to try new approaches without fear, and where they are accountable and rewarded for their actions.
Diversity, Equity, Inclusion and Belonging (DEIB) are at the center of our organization. We celebrate all dimensions of diversity and encourage women, LGBTQ+ people, persons with disabilities, Afro-descendants, and Indigenous people to apply.
We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job interview process. If you are a qualified candidate with a disability, please e-mail us at diversity@iadb.org to request reasonable accommodation to complete this application.
Our Human Resources Team reviews carefully every application.
About the IDB Group
The IDB Group, composed of the Inter-American Development Bank (IDB), IDB Invest, and the IDB Lab offers flexible financing solutions to its member countries to finance economic and social development through lending and grants to public and private entities in Latin America and the Caribbean.
About IDB
We work to improve lives in Latin America and the Caribbean. Through financial and technical support for countries working to reduce poverty and inequality, we help improve health and education and advance infrastructure. Our aim is to achieve development in a sustainable, climate-friendly way. With a history dating back to 1959, today we are the leading source of development financing for Latin America and the Caribbean. We provide loans, grants, and technical assistance; and we conduct extensive research. We maintain a strong commitment to achieving measurable results and the highest standards of integrity, transparency, and accountability.
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https://www.linkedin.com/company/inter-american-development-bank/
https://www.facebook.com/IADB.org
https://twitter.com/the_IDB
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