Manager, Pensions

1 week ago


Saskatoon, Saskatchewan, Canada University of Saskatchewan Full time

Manager, Pensions:

Primary Purpose:

The role of Manager - Pensions is to provide strategic and technical leadership through the delivery, development and ongoing management of the several USask defined contribution and defined benefit plans with a combined value of over $1.6 billion.

Given the significant financial value, obligations and risks associated with these plans, the Manager plays a key role in contributing to the financial sustainability strategies of the university.

Likewise, pensions constitute a significant element of the USask Total Rewards value proposition to current and future employees, necessitating greater full-career awareness and appreciation among employees for our highly competitive plan arrangements.

The Manager is also uniquely positioned to contribute to the university's mental health strategies, particularly through the development of financial wellness programming.

This role also gives leadership to and supports the continued growth of a talented team of pension specialists who undertake various roles in the administration and oversight of the university's pension plans.


The Manager - Pensions provides facilitating leadership to several university pension advisory committees and acts as an expert resource for the committees according to the guidelines established in the pension plan governance documents.

This role requires the development and maintenance of professional relationships with external service providers including investment consultants, investment managers, actuaries, custodians, auditors and regulators that support the governance structure of the pension plans.

This position plays a key role in providing expertise on pension matters during collective agreement negotiations with applicable employee groups.

This role directs the ongoing review, assessment and redesign of pension plans in response to changing economic environments and changes to Federal or Provincial legislation.


Nature of Work:

Reporting to the Director - Total Rewards & Wellbeing, this position is situated within Human Resources, but maintains close working relationships with colleagues in various departments within USask's Finance & Resources division.

This position can be successfully carried out in either fully on-campus or hybrid (partially remote) work arrangements.

Accountabilities:

People Leadership

  • With strong people leadership skill, facilitates team member career development and the development of succession and other complement related plans for the team
  • Fosters the continued development of a principled, valuesbased work and relationship ethic for the team in its daytoday work
  • Identifies and celebrates success in pension work outcomes, but as significantly, gives recognition for the living out of team values
  • Understands and supports the team in successfully navigating and managing change from the individual to organization levels
  • Manages individual and team work performance, supporting the team to achieve high standards of responsiveness, accuracy, effective communication, positive relationship development, and continuous improvement in work processes.
  • Effectively manages team and individual performance with some or all of team members working remotely.
Strategic Planning

  • Plays a key role in development of overall pension strategy of the University to ensure funding strategies and benefit strategies of the pension plans are sustainable and align with the strategic directions of the University.
  • Develops and implements multiyear and ongoing plans for Pensions Office that are aligned with broader university financial, total rewards and human resources strategies
Financial Leadership

  • Responsible for the integrity and transparency of the University's financial and pension administration information systems, processes and policies.
  • Accountable for the timely provision of relevant information to inform and support the sound management of the University's resources and alignment with University goals and directions. (This includes information to senior management and the Board, actuaries, auditors, and consultants).
  • Acts as an effective resource to senior administrators and the Board with respect to pension strategy, governance, compliance and policies.
  • Promotes and develops a culture of shared accountability and financial stewardship by developing and implementing applicable policies and procedures, educations sessions and communication materials.
  • Develops collaborative relationships with pension committee members, with an understanding of their requirements and supporting their needs for information and expertise.
  • Ensures that all transactions recorded by the pension funds are in compliance with regulations and established policies that govern these transactions.
Risk Management

  • Incorporates the identification and assessment of risks (assumption risk, solvency risk, cash flow mismatch risk, interest rate risk) into the review pro

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