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Early Careers: Pension Associate, Defined Benefit Pension Administration
2 months ago
This is a hybrid role with the flexibility to work both virtually and from our office. As a Pension Administration Professional, you will be responsible for delivering high-quality services to our Defined Benefit Pension clients.
Key Responsibilities- Calculate Benefit Entitlements: Calculate benefit entitlements on retirement, termination, death, and marriage breakdown.
- Pension Administration: Conduct calculations on PAs, PSPAs, and PARs, and prepare applicable filing forms.
- Indexation and Annual Pension Statements: Prepare indexation and annual pension statements.
- Year-End Update: Perform year-end update of plan records, including the reconciliation of the membership, contributions, and trust fund.
- Government Forms: Prepare government forms, including the Annual Information Return, Form 7, and PBGF forms.
- Pension System Testing: Assist with testing the pension system for new and existing clients according to the plan provisions and administrative requirements.
- Standard Operation Procedures: Assist with maintaining standard operation procedures.
- Member Support: Respond to member calls and facilitate requests.
- Record Maintenance: Maintain members' records.
- Experience: 1+ year working with Defined Benefit pension plans preferred.
- Education: Preferred education in Math, Statistics, Actuarial Sciences, and Finance.
- Skills: Previous work experience in calculating complex benefit entitlements on retirement, termination, death, and marriage breakdown; experience in year-end tasks (PAs, PARs, Indexation, Annual Statements, etc.); calculating and reporting PAs, PSPAs, and PARs; knowledge of related provincial and federal pension legislation and Income Tax Act provisions; good oral and written communication skills and ability to work in a team; experience with pension administration systems, strong spreadsheet competencies, and math proficiency required.
Aon is a global leader in pension administration. We are a diverse and inclusive workplace where all colleagues feel empowered to be their authentic selves. We provide equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, creed, sex, sexual orientation, gender identity, national origin, age, disability, veteran, marital, domestic partner status, or other legally protected status.
