Illinois TRS, with $63.7 billion in assets, is searching for a Deputy Director & COO, a newly created position, to join this statewide public retirement system. Located in Springfield, IL, TRS is one of the 30 largest public pension plans in the country.
The Deputy Director is an integral member of the executive cabinet, and will be involved in oversight of administrative and operational areas. As the position is newly created, there is flexibility in determining the functional responsibilities assigned so they best align to the candidate’s skill set and experience.
Serving over 427,000 members with 990 employers, TRS provides retirement, disability and death benefits to teachers employed by Illinois public elementary and secondary schools outside the city of Chicago.
TRS’s mission is to “continually deliver the retirement security promised to our members by maintaining the highest and most efficient level of service and by living our values: Put the best interests of others first, Diversity, Teamwork, and Continuous improvement.”
The System is governed by a 15-member Board of Trustees. The annual administrative budget, $38.9 million for FY 2022, is funded by the trust fund and approved by the Board. For additional information, visit www.trsil.org/financial/financial-reports.
Deputy Director Responsibilities
The Deputy Director reports to the Executive Director & Chief Investment Officer. Stan Rupnik, Chief Investment Officer for the past 17 years, was appointed to lead the System in the dual role in June 2021.
As mentioned, the Deputy Director is a member of the executive cabinet, and will be involved in oversight of administrative and operational areas. There is flexibility in determining the responsibilities assigned so they best align to the candidate’s skill set and experience.
Some of the other essential duties include:
Ensure operation of all departments in accordance with TRS’s mission, vision, and core values; state and federal law; and board policies.
Ensure resources are sufficient and properly aligned to execute and accomplish the organization’s strategic plan and goals.
Ensure the information technology infrastructure meets current and future needs and all System data is protected.
Evaluate and implement best practices and improve systems and processes to improve member service and/or contain or reduce cost.
Engage externally with stakeholders, as needed, and maintain effective relationships with plan sponsors, member groups, and other stakeholders.
Assist with the System’s strategic planning and in establishing performance metrics.
Foster a positive success-oriented and accountable culture to increase employee engagement.
Develop, coach, mentor, and evaluate the performance of staff.
Perform other duties as assigned.
Qualifications & Experience
The System is seeking an experienced executive who has strong analytical, organizational, and communication skills. Other requirements and preferences include:
Bachelor’s Degree in Business Administration or related degree.
Minimum of eight years of relevant operational experience in a senior management role.
Demonstrated commitment to diversity and an inclusive working environment.
Six Sigma certification.
Project Management Professional (PMP) certification.
Experience/Knowledge with enterprise information technology systems and implementations.
Experience/Knowledge leading or overseeing benefits and claims administration.
Working knowledge of federal and state pension laws.
General knowledge of finance and actuarial matters.
Track record of effectively working across stakeholder groups.
Experience interacting with public boards.
TRS is committed to diversity in the workplace, race and gender, work style, thought and communication, and the Deputy Director is expected to be a champion for workplace diversity. The Deputy Director must also understand and respect the requirements of operating in a public environment.
The Deputy Director is an exempt position and an “at will” employee. Compensation is designed to attract the best-qualified executive and includes a base salary, retirement benefits, and attractive benefits package. TRS employees do not contribute to Social Security but are required to pay Medicare taxes. Relocation assistance is also provided.
For additional information or to submit an application, please contact Hudepohl & Associates, firstname.lastname@example.org or (614) 854-7300.