Vestcor Inc. (Vestcor) is an independent, New Brunswick-based, and growth focused organization that provides cost effective investment management services to 9 public sector client groups with approximately $18.5 billion in assets under management, while also providing specialized pension (including target benefit / shared risk pension models) and employee benefits administration service solutions to approximately 99,000 individual members and over 130 employer groups. It is indirectly jointly owned by its Members, the New Brunswick Public Service Pension Plan (NBPSPP) and the New Brunswick Teachers’ Pension Plan (NBTPP), through a shareholder holding company Vestcor Corp. All investment and pension operating activities occur through Vestcor Inc. under the direction of an independent Board of Directors. The organization, made up of more than 140 service delivery professionals, operates under a unique not-for-profit business model that is closely aligned with the best interests of its clients.
Now, Vestcor is seeking two new Board Directors to join its independent Board of Directors. Vestcor’s independent Board is responsible for the governance, stewardship and strategic direction of the company. Its duties include establishment of the corporate mission, vision and values, maintaining an effective relationship with the President and CEO, and oversight of the business planning process, financial position and results, risk management, internal controls and information systems, human resources, communications and stakeholder relations. A primary consideration of the Board is to oversee Vestcor’s activities as a pension and benefits administrator and investment manager for the funds under management. The Board ensures that, as required under the Vestcor Act, all Vestcor’s transactions are conducted on a purely commercial basis, and that decisions and actions are based on sound business practices in the best interest of Vestcor’s clients.
The ideal Board Director candidates will be experienced leaders from various occupational and professional sectors with strategic and leadership exposure to pension plans and / or investment management operations and knowledge of best practices in board governance, government functioning, and public policy. Based on the current Board composition, Vestcor is currently seeking, in particular, candidates with strong information technology experience, customer service experience, and/ or governmental public policy experience.
French language skills are considered a strong asset. Vestcor is committed to diversity, multiculturalism and inclusion.
If you are interested in this opportunity, please contact Emma Wach at email@example.com and Andrea Forbes-Hurley at firstname.lastname@example.org or; by calling 1.866.822.6022, or submit your application online by clicking the Apply Now button.
Please note, the closing date for this role is Monday, March 15, 2021