Pension Administration Senior Associate
3 weeks ago
Senior Associate - Pension Administration
Are you seeking a chance to work with a global leader in professional services? This role might be the perfect fit for you.
We are in search of a dedicated, motivated, and career-oriented individual to become a part of our Pension Administration division.
This position offers a hybrid work model, allowing for both remote and in-office collaboration.
Applicants must possess legal authorization to work in Canada. This position does not qualify for sponsorship, and we are unable to assist with employment visa or work permit sponsorship.
Aon is committed to making better decisionsAt Aon, we strive to enhance decision-making processes to safeguard and enrich lives globally.
As a united organization, we foster trust and inclusivity, and we are passionate about supporting our colleagues and clients in achieving success.
Key ResponsibilitiesThe Senior Associate will ensure high-quality service delivery for Defined Benefit Pension clients and will be responsible for various essential functions to maintain the efficient operation of our clients' pension plans.
- Calculate, review, and authorize benefit entitlements related to retirement, termination, death, and marriage breakdown;
- Conduct year-end updates of plan records, including reconciling membership, contributions, and trust funds;
- Calculate and review PAs, PSPAs, and PARs, and prepare relevant filing forms;
- Prepare and review annual pension statements;
- Interpret pension plan texts;
- Ensure quality control of year-end data input and verify computer outputs;
- Communicate with clients regarding data, administration, and pension plan text interpretation;
- Prepare, review, and file government forms including Annual Information Return, Form 7, and PBGF forms;
- Monitor team progress and coordinate with various departments to ensure timely service delivery;
- Assist in setting up and testing systems for new and existing clients based on plan provisions and administrative needs;
- Contribute to the development and maintenance of standard operating procedures;
- Respond to member inquiries and facilitate requests;
- Participate in client meetings in a technical support capacity;
- Liaise with trust companies and plan auditors;
- Maintain client records; and
- Perform other duties as necessary.
- A minimum of 2 years of experience working with Defined Benefit pension plans is preferred;
- Educational background in Mathematics, Statistics, Actuarial Sciences, or Finance is advantageous;
- Prior experience in reviewing calculations and year-end tasks (PAs, Indexation, Annual Statements, etc.);
- Familiarity with relevant provincial and federal pension legislation and Income Tax Act provisions;
- Bilingual proficiency in French and English is required due to frequent interactions with clients and colleagues across Canada and internationally;
- Experience with pension administration systems, strong spreadsheet skills, and mathematical aptitude are essential;
- Detail-oriented with strong organizational skills in pension administration;
- Proficiency in advanced Excel and comprehensive knowledge of Word;
- A client-service mindset;
- Additional qualifications may include a relevant degree and completion of CEBS, PPAC, CHRP, or actuarial courses.
Alongside a comprehensive benefits package, we promote a diverse workforce. Our agile and inclusive environment allows you to prioritize your wellbeing and work-life balance, ensuring you can thrive at Aon. All colleagues benefit from two "Global Wellbeing Days" each year, encouraging personal time.
Our culture of continuous learning inspires and equips you to learn, share, and grow, helping you reach your full potential. At Aon, you will feel more connected, relevant, and valued.
Aon values an innovative and diverse workplace where all colleagues are empowered to be their authentic selves. We take pride in being an equal opportunity employer.
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