External Professional Expert for the Actuarial and Technical Committee (ATC)

Job Posting Organization:
The job posting organization is the CERN Pension Fund, which is part of the European Organization for Nuclear Research (CERN). Established in 1954, CERN is one of the world's largest and most respected centers for scientific research, particularly in the field of particle physics. The organization employs thousands of staff and collaborates with numerous countries and institutions globally, making significant contributions to scientific knowledge and technological advancements. The Pension Fund is responsible for managing the retirement benefits of CERN employees, ensuring their financial security" style="border-bottom: 1px dotted #007bff !important;">security in retirement.

Job Overview:
In this position, you will serve as an external professional expert on the Actuarial and Technical Committee (ATC) of the CERN Pension Fund. Your primary responsibilities will include overseeing the Fund's actuarial matters, which involves reviewing periodic actuarial valuations and monitoring the Fund's funding status. You will provide expert advice to the Pension Fund Governing Board (PFGB) on measures to secure full funding for the pension scheme. Additionally, you will assist in the appointment of the Actuary and contribute to the governance framework established for the Fund. This role is crucial for ensuring the financial health and sustainability of the pension fund, which is vital for the well-being of CERN employees in their retirement.

Duties and Responsibilities:
As a member of the ATC, you will typically attend four meetings per year, including one joint meeting with the PFGB. These meetings are essential for discussing the Fund's status and making informed decisions regarding its management. You may also participate in additional meetings or conference calls as needed. Your role will require you to act in the best interests of the Fund, adhering to the CERN Code of Conduct and the Pension Fund Implementation Guidelines. You may also contribute to temporary working groups that are formed to address specific issues between regular ATC meetings. Your involvement will be critical in ensuring that the Fund operates effectively and meets its obligations to its beneficiaries.

Required Qualifications:
Candidates should possess substantial experience in overseeing the liabilities and assets of large defined pension funds or similar long-term institutional investors, such as endowments, foundations, and sovereign wealth funds. This experience is essential for understanding the complexities involved in pension fund management and ensuring compliance with best practices in governance and financial sustainability. Additionally, candidates should have academic and/or professional qualifications in relevant fields, demonstrating their expertise in pension fund operations and management.

Educational Background:
A strong educational background in finance, actuarial science, economics, or a related field is required for this position. Candidates should have formal qualifications that reflect their expertise in the areas relevant to pension fund management, including actuarial methods, financial reporting, and risk management. Advanced degrees or professional certifications in these areas will be considered an asset.

Experience:
The ideal candidate will have extensive experience in the pension fund sector, particularly in roles that involve oversight of financial assets and liabilities. This experience should include a deep understanding of pension scheme benefits, actuarial science, funding strategies, and governance practices. Candidates should be able to demonstrate a track record of effective decision-making and advisory roles within similar organizations or funds.

Languages:
While the job description does not specify mandatory languages, proficiency in English is likely essential given the international nature of CERN and its operations. Additional languages, particularly French, may be advantageous due to the location of CERN in Geneva, Switzerland, and the diverse linguistic background of its staff and stakeholders.

Additional Notes:
Appointments to the ATC are made on an individual basis, and applicants currently employed by a firm may apply in a personal capacity. The position offers a market-competitive fee for external experts appointed to the committee. Further details regarding compensation and the selection process will be provided to candidates during the recruitment process.