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Pension Calculations Specialist
2 months ago
Pacific Blue Cross is a leading benefits provider in British Columbia, dedicated to keeping health care sustainable for all British Columbians. With a strong commitment to making a difference, we're seeking a skilled Pension Calculations Specialist to join our team.
Job SummaryAs a Pension Calculations Specialist, you will provide complex technical analysis and pension calculations services for members of D.A. Townley-administered pension plans. Your expertise will be essential in reconciling pension payments, lump sum payouts, and transfers against custodial pension registers and financial statements.
Key Responsibilities- Reconcile pension payments, lump sum payouts, and transfers against custodial pension registers and financial statements.
- Determine eligibility for transfer deficiency payments and prepare information packages.
- Calculate pension adjustment (PA)/pension adjustment reversal (PAR) amounts and report to plan custodians.
- Prepare year-end pension reconciliations and contributor statements of status and amounts paid into the plan.
- Calculate annual cost of living adjustments for pensioners and forward required adjustments to plan custodians.
- Prepare data for tri-annual actuarial valuation and reconcile membership, hours, contributions, and pension benefits.
- Completion of a bachelor's degree in Actuarial Sciences or an equivalent discipline.
- 2 years of previous related experience in an actuarial or pension administration environment.
- Demonstrated mathematical skills and critical thinking skills.
This is a permanent, full-time position with a competitive salary and benefits package. If you're a detail-oriented and analytical individual with a passion for pension administration, we encourage you to apply.
