The Pension System was created to hold and manage the Oklahoma
Firefighters Pension and Retirement Fund and to provide retirement and pension
benefits for all eligible firefighters and beneficiaries in the State of
Oklahoma. Currently, there are approximately 25,000 active and retired members
as well as beneficiaries in the Pension System, with assets in excess of $ 2.5
billion. The legal and fiduciary responsibility for the policies and rules for the
general administration, management and operation of the Pension System is vested
in the Board of Trustees.
The Board of Trustees is comprised of thirteen (13) members, which includes
the following: the five (5) members of the Oklahoma State Firefighters’ Association
State Board; the President of the Professional Firefighters of Oklahoma or designee;
the President of the Oklahoma State Retired Firefighters’ Association or designee;
the State Insurance Commissioner or designee; the Director of the Office of
Management and Enterprise Services or designee; one member (1) appointed by the
Speaker of the House of Representatives; one (1) member appointed by the President
Pro Tempore of the Senate; and two (2) members appointed by the President of the
Oklahoma Municipal League. The Board shall appoint an Executive Director, who
shall be the managing and administrative officer of the Pension System and, as such,
shall have charge of the office, record, supervision and direction of the employees
of the Pension System.
The Board has delegated to the Executive Director responsibility for the
administration and management of the Pension System consistent with Board
delegation of authority. Policy and direction set by the Board is implemented
through the Executive Director so that a strong relationship exists between the Board
and the Executive Director, and a clear delineation of authority which is critical to
the accomplishment of the Board’s objectives. This broad delegation of
responsibility includes: (1) investment oversight; (2) hiring, supervising,
monitoring, evaluating, and, when necessary, taking disciplinary action or
terminating staff; (3) services to beneficiaries; (4) budgeting; (5) governmental
affairs/media relations; (6) employee training and development; (7) succession
planning; (8) actuarial valuations; (9) legal representation; (10) assisting the Board
on legislation impacting the Pension System; and (11) establishing goals and
objectives to meet the aforementioned responsibilities.
Executive Director's Essential Duties
The Executive Director’s essential duties include the following:
1. With advice and counsel from the Board, achieve the long-term policies and
strategic objectives established for the Pension System by the Board,
including as necessary:
a. Determining the appropriate methods for attaining the Boardestablished
policies and strategic objectives.
b. Directing the Pension System employees in furtherance of those
c. Ensuring that management activities and decisions are within Boardapproved
2. Monitor the working relationship between the Pension System staff person(s),
investment managers, consultants and any other vendors of the Pension
System, and the Committee Chairs, to ensure the efficient operation of the
3. Represent the Pension System, or designate other staff representatives, to
outside parties and organizations.
4. Provide leadership to the Pension System employees in terms of collegiality
and ethical conduct.
5. Act as the liaison for communication and information flow between the
Board, the Pension System employees and the members and beneficiaries.
6. Report to the Board on the status of pending legislation impacting the Pension
7. Inform the Chairman of the Board of inquiries and requests concerning
Pension System business that may be sensitive in nature.
8. Apprise the Board of any hiring or termination of staff.
9. Coordinate preparation and administration of annual reports, actuarial reports
and member benefit statements for the Pension System.
10. Ensure the Pension System derives maximum benefit from its professional
consultants including investment managers, actuarial services, accounting
services and custodial and other professional services.
11. Supervise the distribution of all benefit payments.
Executive Director Should Have Knowledge of:
1. Public and/or private employee pension systems and retiree health benefit
2. The administration of defined benefit retirement plans – public and/or private,
and the laws and regulations relating to such plans and benefits.
3. Contemporary principles and best practices of human resource management
4. Outstanding customer services principles and practices.
5. Budget development and public sector financial practices.
6. Techniques and practices for effective, efficient and cost effective
management of allocated resources.
7. Pertinent City, county, state and Federal laws, regulations and ordinances.
8. Contemporary principles and best practices of accounting, budget preparation,
organization management and analysis of data, including statistical concepts,
methods and data collection procedures.
9. Principles and fundamentals of financial markets including portfolio analyses
and financial plan reviews, investment management, actuarial evaluations and
pension audits; applicable insurance laws and regulations.
10. Computer and software applications used in business settings and pension
Training and Experience
1. Graduation from an accredited four-year college or university with a
Bachelor’s degree in Business Administration, Accounting, Finance,
Economics or related field. Major course work in finance, accounting, public
finance, business or public administration is a plus. Master’s degree in a
related field is desired.
2. At least five (5) years progressive leadership experience in a defined benefit
retirement system of similar or larger size and complexity or in public
administration. Experience with a public safety retirement system is a plus.
3. Specialized knowledge of and/or training in defined benefit plan
administration, human resource management, investment management
oversight, actuarial studies and pension law are preferred.
How to Apply
If you are interested in this career opportunity, please forward your cover
letter and resume to OKFire@phillipsmurrah.com.