Pension Specialist

2 weeks ago

Edmonton, Canada University of Alberta Full time

**SS HR Services**:

- Competition No.

**S100351422D1**
- Posting Date

**Aug 16, 2023**
- Closing Date

**Aug 23, 2023**
- Position Type

**Full Time - Operating Funded**
- Salary Range

**$55,212 to $75,685 per year**
- Grade

**09**
- Hours

**35**

This position is a part of the Non-Academic Staff Association (NASA).

This position offers a comprehensive benefits package which can be viewed at: Faculty & Staff Benefits.

**Location - **Enterprise Square, Edmonton.

**Working for the University of Alberta**

The University of Alberta acknowledges that we are located on Treaty 6 territory, and respects the histories, languages and cultures of First Nations, Métis, Inuit and all First Peoples of Canada, whose presence continues to enrich our vibrant community.

The University of Alberta is teeming with change makers, community builders, and world shapers who lead with purpose each and every day. We are home to more than 40,000 students in 200+ undergraduate and 500+ graduate programs, over 13,000 faculty and staff, 260,000 alumni worldwide and have been recognized as one of Canada’s Greenest Employers for over a decade.

Your work will have a meaningful influence on a fascinating cross section of people—from our students and stakeholders, to our renowned researchers and innovators who are quite literally curing diseases, making discoveries and generating solutions that make the world healthier, safer, stronger, and more just.

**Working for the Department/Faculty**

Our vision is a close-knit community of smart, approachable people who collaborate, exchange knowledge and identify solutions. Our team of experts problem-solve by collaborating with Centres of Expertise, faculty and staff in order to see the whole end-to-end process and find a solution that works for the entire community.

We will provide advice, guidance and leadership in process, quality and accuracy. Shared Services is a highly educated, integrated team that provides service excellence in delivering and innovating the diverse catalogue of services we are responsible for.

**Position
Do you enjoy working in a collaborative environment, believe in service excellence and have a strong background in Pension Administration? Then this opportunity, as a Pension Specialist, may be a great fit.

Reporting to the Team Lead Workforce Administration, the Pension Specialist is primarily responsible for providing timely and critical support and advice to the Pension and Benefits Advisors in addition to overseeing the integrity of benefits plan entitlements and reporting.

**Duties**
- Create or modify calculation programs/tools to facilitate and effectively support the administration of the pension and benefits plans, legislative or collective bargaining updates, annual rate changes and other administrative procedures
- Calculate pension adjustments (PA), pension adjustment reversals (PAR), and past service pension adjustments (PSPA)
- Audit the pension batch and leave tracking processes to ensure validity of information and modifies and updates member data where necessary
- Leads the coordination of year-end activities for Pension & benefits including data updates, validations, and reconciliations with the support of the Pension & Benefits Advisors
- Generates, formats, prepares, validates and corrects data for final year end reporting which includes Non-Participant reports and the annual process for supplemental pension plans
- Assist with the maintenance of existing functionality within the benefits and pension administration system and testing/implementation of new/revised functionality
- Audits monthly Pension & Benefits reports to identify data discrepancy in pension service, salary and contribution and benefits plan set up
- Respond to escalations and resolve complex issues related to plan provisions and pension calculations
- Responsible for the development, training, evaluation and monitoring of the transactional processes as related to the administration of pensions
- Works with Auditors to provide documentation to support pension reporting obligations and validates university’s compliance with pension plan guidelines and practices
- Coordinates with Payroll Reconciliation Specialist to ensure monthly and annual remittance is reconciled in a timely manner
- Responsible for maintaining the highest level of data integrity for pension records by conducting data audits and coordinating pension data updates

**Minimum Qualifications**
- Bachelor's degree in accounting, Human Resources, or another related field. Equivalent combinations of education and experience may be considered
- Payroll certification (PCP or CPM), Pension/Benefit certification (CEEBS) is desired
- Five years of progressive pension administration experience in a large organization, preferably post-secondary or public sector
- Strong knowledge of the fundamentals of defined benefit and defined contribution plan design and understanding of Income Tax Act as it applies to def

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