Please note that this position is open until filled. Candidates for this role are being reviewed as they apply.

TRS provides retirement benefits for teachers who are employed by all Illinois public common and charter school districts located outside the city of Chicago. The Illinois Pension Code contains the laws relating to our creation, benefits, and administration.

Position Overview

Under the supervision of the Deferred Compensation Manager, the Deferred Compensation (DC) Plan Analyst assists with the daily processing of incoming and outgoing plan eligibility and deferral files from the recordkeeper and employers to the TRS Supplemental Savings Plan (SSP).  The DC Plan Analyst also assists in monitoring the recordkeeper service level agreements and performs routine reconciliation functions to ensure employers, the plan recordkeeper and TRS data is in sync.  This position also serves as an educational resource for plan participants and retirees on plan structure and procedures.

Key Responsibilities

• Analyze and research member records and reports in order to reconcile deferral reports, work with vendor and employers on corrective actions needed and respond to participant inquiries. Thorough knowledge of 457(b) or other tax-advantaged retirement plans. Explain, orally and through written correspondence, 457(b) enrollment, contribution and other procedures to members, employers and co-workers. 
• Analyze large volumes of data from multiple sources and reconcile employer, plan and recordkeeper data as required.
• Assist employers with plan questions and resolving reporting issues.
• Review submitted employer and vendor daily demographic and deferral files and ensure daily summary payments to the recordkeeper are processed. 
• Gather and analyze data for Board reports, audits, and the DC Oversight Committee as required.
• Maintain an understanding of statutory requirements, the TRS SSP Plan document, policies, and procedures.
• Assist with the unforeseen emergency financial withdrawal and review process.
• Assist the TRS Legal Department with the QILDRO review and transmittal process.
• Assist the Deferred Compensation Manager with monitoring recordkeeper service level agreements for compliance.
• Research and audit accounts and processes to ensure compliance with requirements.
• Assist the Deferred Compensation Manager with review of quarterly vendor reports and analysis.
• Collaborate with management and third parties in developing recommendations to resolve complex plan issues.
• Ensure participant and employer issues are resolved timely; Organize and track these issues for future reference.
• Participate in training and educational opportunities for ongoing professional development.
• Perform other duties as needed or assigned.

Minimum Qualifications

• Bachelor’s degree in business, accounting or public administration OR five (5) years related experience in public/multi-employer pension, private pension plan, benefit administration or related experience in lieu of a degree.
• Two (2) years of responsible administration experience in public or business organization.
  • Defined contribution/Deferred compensation plan experience preferred.

Benefits

• State, health, dental, life, and vision insurance
• 12 vacation, 12 sick, and 3 personal time days of compensated time
• Teachers’ Retirement System Pension
• Deferred compensation plan

TRS is an equal opportunity employer. All aspects of employment including the decision to hire, promote, discipline, or discharge, will be based on merit, competence, performance, and business needs. We do not discriminate on the basis of race, color, religion, marital status, age, national origin, ancestry, physical or mental disability, medical condition, pregnancy, genetic information, gender, sexual orientation, gender identity or expression, veteran status, or any other status protected under federal, state, or local law.

If you require a reasonable accommodation under the Americans with Disabilities Act (ADA) throughout the recruitment process, please reach out to us at the following email: careers@trsil.org