Pension Analyst

1 week ago

Mississauga, Ontario, Canada Royal Bank of Canada Full time

Job Summary

What is the opportunity?


As a Pension Analyst for Group Annuity, you will provide support to RBC Insurance's Group Annuity Line of Business in maintaining certain functions within the Group Annuity team.

You will be responsible for processing data and reporting within the Pension Administration record keeping system(s) with re-occurring monthly activities, ensuring accuracy and confidentiality.

This position provides support and assistance to the various members of the team.

You will be part of a very inclusive team that works cohesively together, which is integral to the success of this exciting growing line of business that continues to evolve and is committed to providing the best in class client experience.


What will you do?

  • Accurately update and maintain plan sponsor's data in the pension system(s) (monthly and/or ad hoc basis)
  • Investigate instances of data integrity problems and initiate corrective actions. Recommend solutions for resolving problems
  • Assist with: i) the implementation of new clients and the issuance of annuity certificates to deferred and retired members, ii) user acceptance testing as required for new releases/clients, problems logs which could have an impact on the Pension Administration database(s), iii) the validation (quality control) of Annual Statements as required by the applicable legislation and any other priority initiatives that may arise
  • Perform adhoc reporting for internal/external use as needed
  • Prepare monthly payroll reconciliations per client
  • Contact pensioners and deferred members as a result of a Contact Centre requests / enquiries and ensure that appropriate actions are taken to service the client in a timely manner

What do you need to succeed?
Must-have

  • 2 to 4 years of benefits and retirement experience and expertise in process, policies, and procedures as it pertains to Defined Benefit Pensions or Group Annuities and Payroll Accounting
  • Ability to multitask competing priorities in a fastpaced environment while being detailoriented in execution of routine / complex processes and works well under pressure
  • Proactive focus on continuous improvement and looking for creative solutions or process improvements daily
  • Excellent project management, planning, and organizational skills
  • Strong communication skills, written and oral with a proven track record of providing excellent customer service
  • Strong mathematical skills and/or accounting practices in addition to having strong knowledge of Microsoft Office products
Nice-to-have

  • Pension Plan Administration Certificate or RPA (PPAC or CEBS)
  • Bachelor's degree in Human Resources or related field, professional HR, and/or benefits or College Diploma or Degree in Payroll or Accounting, or Canadian Payroll designation (PCP), postsecondary diploma in Business or Finance Administration
  • Knowledge of pension plans/group annuities including regulatory requirements
  • Bilingual in French and English is an asset

Special Conditions
Please note this is a 12 month contract position with the possibility of becoming permanent.

What's in it for you?

  • A Total Rewards program that includes flexible benefits, work/life balance and career development programs and investment and retirement savings plans
  • Competitive pay and highearning potential
  • All the tools, training, and team support you need to grow your career
  • Flexible work/life balance options
  • Sophisticated RBCI software tools to boost your productivity

Job Skills
Payroll, Pension Plan Administration

Additional Job Details

Address:

MEADOWVALE BUSINESS PARK, 6880

FINANCIAL DR:

MISSISSAUGA

City:

MISSISSAUGA

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

INSURANCE

Job Type:

Contract (Fixed Term)

Pay Type:

Salaried

Posted Date:

Application Deadline:

Inclusion
and Equal Opportunity Employment
At RBC, we embrace diversity and inclusion for innovation and growth.

We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work.

We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.


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