Job Posting Title Pension Board Member (Birmingham Firefighters' and Police Officers' Supplemental Pension Board)
Job Summary
Pursuant to Act No. 2007‑503, the Personnel Board of Jefferson County (PBJC) appoints Member Number One to the Firefighters' and Police Officers' Supplemental Pension Board of Managers for the City of Birmingham. The member serves a four‑year term as a fiduciary representative overseeing the City’s supplemental pension fund, reviewing financial and investment reports, approving pension applications, and contributing to decisions that ensure the plan’s stability and integrity.
Key Responsibilities
- Financial Oversight: Review monthly financial statements and annual audits prepared by the City. Record whether monthly participant and City contributions exceed or fall short of operating costs to identify surpluses or deficits.
- Investment Monitoring: Review monthly investment reports to determine overall portfolio gains or losses. Engage with investment advisors on performance updates, strategies, and recommendations.
- Pension Application Review: Approve service pension applications, consulting with the Finance Department on any unusual or exceptional cases. Coordinate with Police and Fire representatives familiar with applicants.
- Board Participation: Attend monthly meetings and participate in presentations from current and prospective money managers. Contribute to transparent, well‑informed discussions that support prudent fund management.
Minimum Qualifications
- Minimum of five (5) or more consecutive years as an executive in insurance, actuarial, investments, or banking, or as a certified public accountant immediately preceding the appointment.
Compensation & Benefits
There is no compensation associated with this role.
Schedule
Meetings are held on the second Wednesday of each month at 1:30 PM, typically lasting 25–30 minutes (no more than 90 minutes).
Accommodation
To request an accommodation in the application or hiring process due to a disability, contact the Accommodations Coordinator at accommodationrequest@pbjcal.org or call 205‑279‑3500 (option 1), Monday‑Friday, 8:00 a.m.‑5:00 p.m. Central Time.