Director of Pension Loans

Division/Work Unit:
Pension Section

Job Description:
About the New York City Police Pension Fund. The New York City Police Pension Fund (NYCPPF) is dedicated to providing superior service to its 37,000 active members and 49,000 retired members of the New York City Police Department. Originally established in 1857 as the Police Life and Health Insurance Fund, the Police Pension Fund continues to provide the highest professional standard of service to our members. Visit us at www.nyc.gov/nycppf. The New York City Police Pension Fund is seeking a Director of the Pension Loans Unit in the Operations Division. This position is a supervisory role for pension loans staff, overseeing the bi-weekly loan processing cycles and ensuring requirements and deadlines are met. Under the direction of the Chief of Operations, this candidate will be responsible for performing the duties and responsibilities described below, but not limited to, the following: The candidate must be familiar with pension law regarding loans, act as liaison with other agency counterparts such as the Office of Labor Relations Deferred Compensation Division, the Comptroller’s Office, and the Office of the Actuary. Additionally, they must prepare monthly reports for the Executive Dashboard and answer any questions that arise from this report. This role requires the candidate be familiar with the IRS and NYS tax laws affecting taxable loans, oversee taxable loan reporting, 1099R production, and corrections to 1099Rs. The Director must also manage staff and provide guidance and oversight for the processing and issuance of pension loans for Tier 2 members of service. The candidate should be prepared to assist and mentor staff in providing customer service to members, replying to inquiries, supervise the training of, and coordinate skill development of all subordinates. Responsibility for weekly time sheet processing and annual performance evaluations/probationary evaluations is also an expectation of this position. Lastly, cooperate with the ongoing computerization upgrade project COPS 2.0, assist as a Subject Matter Expert (SME) for project purposes. Candidate must be familiar with COPS 1.0, PMS, PPMS, Pi, and be proficient in Microsoft Word, Excel, Access, Crystal reports, and RMDS. Special projects will occasionally be assigned by the supervisor of division

Minimum Qual Requirements:
1. A baccalaureate degree from an accredited college or university including or supplemented by 12 credits in mathematics, statistics, accounting, and/or actuarial science and four years of satisfactory full-time experience implementing the provisions of a retirement plan involving the use of mathematical, statistical, actuarial or accounting computations, 18 months of which must have been in an administrative, managerial or executive capacity or supervising professionals implementing the provisions of a retirement plan involving the use of mathematical, statistical, actuarial or accounting computations; or 2. An associate degree or 60 credits from an accredited college or university, including or supplemented by 12 credits in mathematics, statistics, accounting and/or actuarial science and six years of satisfactory full-time experience as indicated in “1”; or 3. Education and/or experience equivalent to “1” or “2” above. However, all candidates must have 60 credits from an accredited college or university, including or supplemented by 12 credits in mathematics, statistics, accounting and/or actuarial science and the 18 months of experience in a supervisory, administrative, managerial or executive capacity as described in “1” above.

Preferred Skills:
• Supervisory experience • Prior Pension System knowledge • Excellent communication and customer service skills; • Solid understanding of MS Office; Experience utilizing data base software • Detail-oriented and organized.

Additional Information:

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Residency Requirement:
New York City residency is generally required within 90 days of appointment. However, City Employees in certain titles who have worked for the City for 2 continuous years may also be eligible to reside in Nassau, Suffolk, Putnam, Westchester, Rockland, or Orange County. To determine if the residency requirement applies to you, please discuss with the agency representative at the time of interview.