Sr Manager, Investment and Retirement Services
The National Rural Electric Cooperative Association (NRECA), with offices in Arlington, VA and Lincoln, NE is the trade association for over 900 consumer-owned electric cooperatives serving more than 42 million people. NRECA is committed to harnessing the strength of Americas electric cooperatives into a single powerful voice. NRECA has won the following awards over the past few years:
- Top Workplace by the Washington Post
- 100 Best Places to Work - ComputerWorld Magazine
- 50 Best Places to Work - The Washingtonian
- CARE Award Recipient - Recognizing organizations that promote a positive work-life balance
- 50 Greatest places to Work - AARP
- Best Place to Work Award Recipient - Lincoln, NE
- Gold Well Workplace - Wellness Councils of America
- State of NE Governor's Wellness Award - Grower Level
At NRECA, we work with people who are leaders in their fields. They are down-to-earth, hardworking professionals committed to helping our members serve their communities. Our work is interesting, constantly evolving, and requires new skills to meet the evolving needs of a dynamic industry. In this collegial, inclusive work environment, united around the compelling purpose and history of electric cooperatives, we thrive. And topping it off, NRECA cares about each persons overall well-being, encouraging health, financial security, and a sustainable work/life balance. EEO/AA- M/F/Disability/Protected Veteran Status/Genetic Data
Sr. Manager, Investment and Retirement Services
Supervise the Investment & Retirement Specialist (IRS), Investment & Retirement Associate (IRA), and Investment & Retirement Coordinator (IRC) teams.
Assign Investment & Retirement Planners (IRPs) and IRAs to cover the PIRC toll-free line and emails.
Manage the financial planning software programs.
Review and approve written retirement plans.
Coordinate and lead inter-departmental projects to promote NRECA products and services.
Serve as subject matter expert on retirement and investment planning topics for individuals both internal and external to the Insurance & Financial Services Division.
Purpose and Mission
Supervise the IRS, IRC and IRA teams. Provide technical expertise and training on financial planning topics to direct reports. Track their workflow, including the timely preparation, delivery and storage of personal written retirement plans from the IRSs; quality control and accuracy for phone calls of the IRAs; high-satisfaction from co-op membership for the IRCs. Identify opportunities to improve workflow quality and efficiency. Coach the team on best practices for reaching their goals. Perform annual performance appraisals and determine salary increases. Approve expense reports and timecards and track PTO. (50%)
Review Written Retirement Plans. Review and approve PIRC written retirement plans created by the IRPs for technical accuracy, suitability of guidance, and adherence to organizational policies. Coordinate activities with Senior Director, Investment & Retirement Services and others designated to review retirement plans to ensure consistent review procedures and to suggest or make procedural changes. (35%)
Manage Financial Planning Software Programs. Responsible for managing the various financial planning software programs used by PIRC. Serve as liaison on various software packages (MoneyGuidePro, MasteryPoint, etc.) to manage the contract, lead testing on any changes and software updates, and serve as subject matter expert to the rest of the PIRC team. (5%)
As needed, travel and conduct seminars (standard and customized) and one-on-one consultations through the PIRC program. Respond to participant inquiries (by phone or in person) regarding asset allocation, diversification, distribution strategies, and post-retirement investments. Assess suitability requirements and provide appropriate retirement distribution and asset allocation suggestions. Prepare and deliver written retirement plans, as needed. (5%)
Maintain comprehensive, current knowledge and serve as subject matter expertise (to individuals both internal and external to the Investments Division) on the latest business developments in the areas of financial planning and employee benefits (e.g., NRECA benefits and services, retirement planning, education funding, personal portfolio management, personal income tax, estate planning, Social Security and Medicare, etc.) Maintain professional designation(s), by satisfying the requirements of the designation issuer(s). (5%)
Perform special projects as assigned.
Responsible for the proper security and disposal of any confidential information that he or she may possess in the course of performing this positions job duties, as well as ensuring staff compliance with security protocols in accordance with NRECAs Personnel and Administrative Policy and HIPAA Privacy and Security Policies and Procedures Manuals.
Requirements and Qualifications
Bachelor degree in business, finance, economics or accounting or 10 years or more of related financial services industry experience.
Professional designation, such as CFP® or ChFC or in pursuit of such designation required.
7 years of experience in the financial services industry
3years recent experience consulting individuals on financial planning issues.
Prior experience supervising staff
Working knowledge of ERISA, IRS and DOL regulations and laws related to the defined contribution and defined benefit plan administration as demonstrated by prior work experience.
Knowledge of topics relating to personal finance including budgeting, cash flow management, retirement planning, education funding, investments, and personal income tax as demonstrated by prior work experience.
Ability to define issues, establish facts and draw valid conclusions and apply to work environment
Ability to lead people and foster collaborative skills and consensus building while operating in a fast-moving environment
Ability to work with a wide variety of people to foster cooperation in sharing information and materials as demonstrated by prior work experience.
Ability to manage competing deadlines and multiple projects at various stages of development using effective organization skills and attention to detail as demonstrated by prior work experience.
Ability to communicate, both verbally and in writing, with a diverse membership, employees and/or vendors in a clear and precise manner as demonstrated by prior work experience.