Sr. Associate (Pension Administration)

Job title: Sr. Associate (Pension Administration)

Job description: Defined Benefit Pension Senior Associate

The Defined Benefit Pension Senior Associate is responsible for quality service delivery for their Defined Benefit Pension clients.

Responsibilities:

The Senior Associate will require the ability to perform all functions necessary to ensure the continuous efficient operation of our clients’ pension plan arrangements.

• Calculate, peer review and authorize benefit entitlements on retirement, termination, death and marriage breakdown;
• Year-end update of plan records, including the reconciliation of the membership, contributions and trust fund;
• Calculation and review of PAs, PSPAs and PARs and preparation of applicable filing forms;
• Preparation and review of annual pension statements;
• Read and interpret pension plan texts;
• Quality control of year-end data input and verification of computer output;
• Communication with clients regarding data, administration, and interpretation of pension plan text;
• Preparation, review and filing of government forms including Annual Information Return, Form 7 and PBGF forms;
• Track team progress and coordinate with various departments to ensure service delivered on time;
• Assist with the set-up and testing of the system for new and existing clients according to the plan provisions and administrative requirements;
• Assist with the development/maintenance of standard operation procedures;
• Respond to member calls and facilitate requests;
• Attend client meeting in technical support role;
• Liaise with trust company and plan auditors;
• Maintenance of client records; and
• Other duties as required.

Qualifications and Experience:

• Minimum of 2 years working with Defined Benefit pension plans preferred;
• Preferred education in Math, Statistics, Actuarial Sciences and Finance;
• Previous work experience calculating and reporting PAs, PSPAs and PARs;
• Knowledge of related provincial and federal pension legislation and Income Tax Act provisions;
• Basic accounting skills to reconcile pension fund receipts and disbursements;
• Good oral and written communication skills and ability to work in a team environment;
• Ability to verify in-house administration system output;
• Mathematical aptitude with some understanding of actuarial principles and interest theory;
• Detail-oriented with sound pension administration and organizational skills;
• Advanced Excel and a thorough knowledge of Word;
• Client-service attitude; and
• Other assets include fluency in French, a relevant degree and the completion of CEBS, PPAC, CHRP or actuarial courses.

2488849

Company: Aon

Expected salary:

Location: Toronto, ON

Job date: Fri, 07 May 2021 02:03:47 GMT