Conducts individual retirement planning sessions, financial wellness sessions, and group seminars. Advises officials, members, and unit administrative personnel regarding retirement benefits and financial wellness principles and practices available through Utah Retirement Systems. Provides technical analysis of member retirement and defined contribution programs to facilitate quality retirement planning and program utilization.

• Conducts individual retirement planning sessions that include providing customized advice and recommendations on:
• Retirement savings plans (401(k), 457, Traditional IRA, Roth IRA).
• Investment options and allocations.
• Tier 1 defined benefit pension payout options including Partial Lump Sum Option (PLSO).
• Tier 2 retirement system options.
• Pension service credit purchasing decisions.
• Other retirement and financial related topics.
• Develops comprehensive retirement planning snapshots for members. This includes calculating members’ retirement income sources (pension, savings plans (401(k), 457, and IRAs), and Social Security) and providing customized recommendations to help them reach their retirement goals.
• Educates, provides, and assists members with:
• Retirement savings plans (401(k), 457, Traditional IRA, Roth IRA). Various investment and retirement planning principles.
• Financial markets, trends, economic indicators, investment concepts and strategies, and the landscape of competitive products and fees/costs available to individual investors.
• Defined benefit retirement systems’ (Tier 1 and Tier 2) benefits and options.
• IRS limitations and rules.
• Social Security concepts and strategies.
• Target Date Fund strategies and the risks and benefits of investing.
• Risk and return characteristics of investment options.
• Quarterly account statements and investment rates of return. Calculates projected account growth and payout stream scenarios using financial calculators.
• Portability rules to participants with service in multiple defined benefit systems.
• Completing applications for retirement.
• Calculating cost vs. benefit comparisons for PLSO decisions, purchases, and re-deposits.
• Conducts individual financial wellness sessions that include providing customized advice and recommendations on:
• Debt management, including debt reduction, refinancing, and payoff prioritization.
• Emergency fund status and funding.
• Cashflow analysis and budgeting.
• Other financial wellness topics.
• Develops financial wellness snapshots for members. This includes calculating existing time to pay off debt and fund an emergency fund. Reviews member household expenses. Provides recommendations for debt reduction and funding an emergency fund.
• Educates, provides guidance, and assists members with:
• Paying off high-interest debt.
• Building up an emergency fund.
• Adjusting member budget expenses to prioritize member financial wellness goals.
• Coordinates various aspects of departmental public relations, retirement planning, and financial wellness services. Informs and educates participating employers and prospective participating employers of policy interpretations, state codes, and guidelines.
• Provides assistance to develop processes and procedures designed to enhance efficiency and effectiveness of retirement system and financial wellness educational efforts.
• Educates, provides, and assists employers with:
• Consulting to discuss the utilization and determining educational needs, by the agency, of the services and provisions administered by URS.
• Enrollment and participation follow-up.
• Compliance for reporting and contribution requirements.
• Resolving retirement related problems and issues.
• Promoting financial wellness benefits.
• Provides retirement planning and financial wellness education for members and employers by giving group presentations and attending employer-sponsored benefits fairs.
• Develops, organizes, coordinates, and presents employer training, employer conferences, presentations, seminars, individual retirement planning sessions, financial wellness sessions, performs on-site training for agency clerks, administrators, and employees.
• Develops and administers targeted educational and outreach programs regarding retirement planning and financial wellness.
• Keeps in regular contact with and surveys members, employers, and retirees to evaluate the effectiveness of support and outreach programs as well ensures members are on track to reach their retirement and financial wellness goals.
• Assists in determining educational and informational requirements of members and unit administrators.
• Proactively increases defined contribution plan participation levels and member savings rates through presentations and individual retirement planning sessions.
• Assists in developing written and web-based retirement and financial wellness materials (print, video, webinars, social media, etc.) Monitors effectiveness of informational materials and communication vehicles and makes modifications as appropriate.
• Assists in monitoring changes or pending changes in retirement system and defined contribution programs resulting from revisions in state and federal laws and industry best practices. Updates training materials, presentations, and members on changes.
• Promotes services and programs and builds a positive public image of the system.
• Conducts financial analysis of the impact of deferred compensation on total retirement benefits.
• Maintains current industry knowledge and trends through ongoing continuing education.
• Maintains strict confidentiality.
• Performs other related duties as required

Bachelor’s Degree in finance, marketing, business administration, public administration, public relations, financial planning, organizational communications, or related field and two (2) years of pension/investment or related experience; or an equivalent combination of education and experience.

Must pass the Series 65 Uniform Investment Adviser Law Examination or Series 66 North American Securities Administrators Association within six (6) months of hire.

Certified Financial Planning designation is preferred. Other recognized retirement and/or investment-industry certifications are desirable.