RETIREMENT SYSTEMS OF THE CITY OF DETROIT
Joint Personnel Committee
500 Woodward Ave, Suite 3000
Detroit, Michigan 48226
Job Title: Chief Accounting Officer - Controller
Salary Range $90,000.00 to $120,000.00
The City of Detroit has two distinct and separate retirement systems: the General Retirement System; and the Police and Fire Retirement System and an Employees’ Death Benefit Plan, collectively referred to as RSCD. The legal and fiduciary responsibility for the general administration, management, and proper operation of the Retirement Systems and the Death Benefit Plan, and for making effective their provisions, is vested in each Retirement System’s Board of Trustees and the Governing Board of the City of Detroit Employees’ Benefit Plan.
The Retirement Systems provide services and benefits to approximately 9,000 active members and 20,000 retirees and beneficiaries. Each Retirement System is comprised of two distinct plans: a legacy traditional defined benefit plan and a new hybrid defined benefit plan.
The Chief Accounting Officer - Controller is a newly established position that will be appointed by and accountable to the Executive Director and both Boards of Trustees of the Retirement Systems. This position will direct the daily accounting operations of the RSCD under the direction of the Executive Director and with the assistance of a staff of approximately 4 to 6 employees. Day-to-day activities may include oversight of subordinate accounting activity, maintenance of internal controls, monitor and control cash flows, interim financial reporting and oversight of the annual budget for the Systems, meeting and conferring with the Systems’ service providers including, but not limited to: (1) financial institutions; (2) actuaries; (3) auditor(s); (4) General Counsel and special legal counsel; (5) and other third party services providers as may be retained by the Boards.
Currently, combined Retirement System assets are approximately $5 billion.
Information about each Retirement System is available on the RSCD website at www.RSCD.org.
Please refer to the website for the full job description and benefits.
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