Deferred Compensation Program Manager - San Francisco Employees' Retirement System )
Department: Retirement System
Job class: 0923-Manager II
Starting salary range: $149,656.00 - $190,996.00 (Range A)
Role type: Permanent Civil Service What does this mean?
Hours: Full-time
Exam type: Position Based Test
Rule: Rule of the List
List type: Combined Promotive and Entrance
About:
Who We Are
The San Francisco Employees’ Retirement System (SFERS) is dedicated to securing, protecting, and prudently investing the pension trust assets, administering mandated benefits programs, and providing promised benefits to the active and retired members of the City and County of San Francisco.
Established in 1889 as a fund for families and orphans of firefighters and police officers, today the San Francisco Employees’ Retirement System serves more than 78,000 active, vested, and retired employees of the City and County of San Francisco and their survivors.
What We Do
The San Francisco Deferred Compensation Plan (SFDCP) is a voluntary retirement savings program administered by the San Francisco Employees’ Retirement System (SFERS) that allows eligible City and County of San Francisco employees to set aside a portion of their pay for retirement on a tax-advantaged basis. Participants may contribute through traditional pre-tax deferrals, which are taxed upon distribution, or through a Roth (after-tax) option, which allows for tax-free qualified withdrawals in retirement. The Plan also offers a loan program, enabling participants to borrow against their account balances within established limits. Established in the late 1990s, the SFDCP currently serves approximately 34,000 participants and manages over $4.5 billion in assets.
Specific information regarding this recruitment process is listed below:
This is a Position-Based Test conducted in accordance with CSC Rule 111A.
- Application Opening: December 29, 2025
- Application Deadline: May close at any time, but not before 5:00 PM on January 6, 2026.
- Reporting Location: 1145 Market Street, San Francisco, CA
- Work Schedule: Full time, Monday – Friday, Hybrid Telecommuting work schedule available (four days onsite and one day remote).
What We’re Looking For
Under general supervision, the SFDCP Program Manager will play a pivotal role in overseeing the day-to-day administration of the SFDCP Program. The role involves conducting investment reviews of the SFDCP line up, ensuring compliance with Required Minimum Distribution laws, overseeing legislative changes, and implementing strategic marketing campaigns to enhance SFDCP program participation. Serving as the primary point of contact and liaison with City departments, the Program Manager will collaborate closely with the SFDCP Third-Party Administrator and the Investment Consultant. Additionally, the Program Manager will be responsible for supervising and training SFDCP staff on relevant investment policies and procedures.
- Conduct SFDCP investment reviews, research, and analysis to optimize program performance.
- Ensure compliance with Required Minimum Distribution laws, staying abreast of regulatory changes.
- Oversee the implementation of legislative changes that impact the SFDCP program.
- Develop and manage client/prospect marketing campaigns to increase participation in the SFDCP program.
- Oversee participant service activities to enhance the overall participant experience.
- Supervise and educate SFDCP staff on policies and procedures related to the SFDCP Program.
- Evaluate staff performance and provide coaching to improve their effectiveness.
How to qualify
Education
Possession of a Baccalaureate Degree from an accredited college or university.
Experience
Five (5) years of verifiable professional experience in Retirement Plan administration, Deferred Compensation Plan administration, or the administration of other similar employer-sponsored savings plans.
Substitution
Additional qualifying experience may be substituted for the degree requirement on a year-for-year basis for up to two years of the education requirement.
How to Stand Out
Desirable Qualifications:
The stated desirable qualifications may be used to identify job finalists at the end of the selection process when candidates are referred for hiring.
- Two (2) years of supervisory or managerial experience overseeing professional and administrative staff engaged the administration of employer-sponsored savings plans.
- Five years of experience managing a major deferred compensation program, preferably in the public sector.
- Designation as a Chartered Financial Analyst (CFA).
- Extensive working knowledge of Federal, State and local rules and regulations pertaining to deferred compensation plans, retirement plans, project or program principles and practices of management administration, budgeting, training and personnel managements.
- Experience working with the public, preferably in the public sector.
- Demonstrated experience working with vendors and consultants.
- Demonstrated customer service management experience.
What else should I know?
Verification
Applicants may be required to submit verification of qualifying education and experience at any point during the recruitment and selection process. If education verification is
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