Lead Pension Fund Administrator

4 weeks ago

Old Toronto, Ontario, Canada Ontario Teachers' Pension Plan Full time
Senior Pension Fund Administrator

Join our team as a Senior Pension Fund Administrator, where you will play a pivotal role in overseeing the administration of pension benefits and contributions.

Location: Toronto, Canada

Employment Type: Full-time

About the Role

The Pension Fund Administration team is responsible for managing and executing the processes that ensure accurate and timely benefit payments and contribution records. As a Senior Pension Fund Administrator, you will be integral in facilitating the pension payroll and managing funds from members and employers.

Collaboration

This position requires close collaboration with various internal and external teams to provide financial expertise, resolve complex issues, conduct data analysis, and prepare essential reports.

Key Responsibilities
  • Ensure precise gross to net calculations and timely pension payments in compliance with relevant legislation.
  • Manage monthly payroll processing for pensioners and survivors, including necessary deductions and adjustments.
  • Reconcile and address discrepancies in database reports.
  • Review and rectify errors in pension service reports as per established schedules.
  • Implement spousal split agreements as required.
  • Maintain service delivery standards through effective prioritization and follow-up.
  • Assist payroll service providers in resolving ongoing issues related to payments and tax documentation.
  • Support retro payroll runs, monthly reconciliations, and reporting activities.
  • Participate in year-end processing and reconciliation tasks.
  • Assist in the annual inflation adjustment process for pensioners.
  • Stay updated with legislative changes and reporting requirements.
  • Ensure accurate administration of employer remittances impacting financial and tax reporting.
  • Monitor and guide the Member Information Management team regarding payment processing.
  • Investigate and resolve discrepancies in employer remittance payments through collaboration with Employer Relations.
  • Coordinate the application of Federation Strike Payments across departments.
  • Prepare journal entries related to employer remittance payments.
  • Conduct month-end reconciliations for general ledger accounts.
  • Collaborate with cross-functional teams to gather necessary data for accurate fund allocation.
  • Analyze data trends and consult with departments on any irregularities.
  • Communicate funding statuses to relevant departments to inform investment opportunities.
  • Assist in the preparation of compliance and audit reports.
  • Contribute to the annual preparation of government bills related to pension plans.
  • Engage in cross-departmental meetings to foster collaboration.
  • Identify and implement opportunities for process improvements.
  • Support the development and maintenance of internal procedures.
  • Facilitate training for new team members.
  • Provide coverage for the Pension Fund Administration Analyst or Administrator as needed.
Qualifications
  • Post-secondary education in Business Administration or Accounting.
  • A minimum of 4 years of experience in accounts receivable or payroll.
  • In-depth knowledge of the Income Tax Act and provincial legislation related to pension fund administration.
  • Strong accounting principles and mathematical skills.
  • Excellent verbal and written communication abilities.
  • Proven analytical skills with meticulous attention to detail.
  • Strong organizational skills with the ability to manage multiple priorities effectively.
  • High level of confidentiality and discretion.
  • Adaptability to changing environments.
  • Ability to follow established procedures and regulations.
  • Familiarity with the Teachers' Pension Act and internal processes.
  • Demonstrated ability to build and maintain positive relationships within teams.
What We Offer
  • Competitive salary and benefits.
  • Opportunities for professional development and career advancement.
  • A flexible work environment that supports both in-office and remote work.
  • Employee discount programs and additional perks.

At Ontario Teachers', we value diversity and strive to create an inclusive environment where all employees feel respected and empowered. We celebrate diverse backgrounds and experiences through our initiatives and programs.

Application Process

If you are interested in this opportunity, we encourage you to apply. Accommodations are available for candidates with disabilities throughout the recruitment process.

Your privacy is important to us. Please review our Privacy Centre for information on how we handle personal data.

About Ontario Teachers'

At Ontario Teachers', we recognize that our talent is our greatest asset. We are committed to fostering a workplace that inspires innovation, supports professional growth, and celebrates diversity.

Your Talent. Your Experience. Our Future.

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