Pension Administration Specialist

4 weeks ago

Toronto, Ontario, Canada Aon Corporation Full time
Pension Administration Specialist

We are seeking a highly skilled Pension Administration Specialist to join our team at Aon Corporation. As a key member of our pension administration team, you will be responsible for delivering high-quality service to our Defined Benefit Pension clients.

Key Responsibilities:

  • Calculate, peer review, and authorize benefit entitlements on retirement, termination, death, and marriage breakdown;
  • Year-end update of plan records, including the reconciliation of membership, contributions, and trust fund;
  • Calculation and review of PAs, PSPAs, and PARs, and preparation of applicable filing forms;
  • Preparation and review of annual pension statements;
  • Read and interpret pension plan texts;
  • Quality control of year-end data input and verification of computer output;
  • Communication with clients regarding data, administration, and interpretation of pension plan text;
  • Preparation, review, and filing of government forms, including Annual Information Return, Form 7, and PBGF forms;
  • Track team progress and coordinate with various departments to ensure service delivered on time;
  • Assist with the set-up and testing of the system for new and existing clients according to plan provisions and administrative requirements;
  • Assist with the development/maintenance of standard operation procedures;
  • Respond to member calls and facilitate requests;
  • Attend client meetings in a technical support role;
  • Liaise with trust company and plan auditors;
  • Maintenance of client records;
  • Other duties as required.

Requirements:

  • 2+ years working with Defined Benefit pension plans preferred;
  • Education in Math, Statistics, Actuarial Sciences, and Finance;
  • Previous work experience in reviewing calculations and year-end tasks (PAs, Indexation, Annual Statements, etc.);
  • Knowledge of related provincial and federal pension legislation and Income Tax Act provisions;
  • Oral and written communication skills and ability to work in a team environment;
  • Experience with pension administration systems, strong spreadsheet competencies, and math proficiency required;
  • Thorough with sound pension administration and organizational skills;
  • Advanced Excel and a thorough knowledge of Word;
  • Client-service approach;
  • Other assets include knowledge of the French language, a relevant degree, and the completion of CEBS, PPAC, CHRP, or actuarial courses.

About Aon Corporation:

Aon Corporation is a global leader in the professional services space. We are committed to delivering high-quality service to our clients and are seeking a highly skilled Pension Administration Specialist to join our team.

What We Offer:

We offer a comprehensive benefits package, a diverse workforce, and an agile, inclusive environment that allows you to manage your wellbeing and work/life balance. We also offer two "Global Wellbeing Days" each year, encouraging you to take time to focus on yourself. Our continuous learning culture inspires and equips you to learn, share, and grow, helping you achieve your fullest potential.

Aon Values:

Aon values an innovative, diverse workplace where all colleagues feel empowered to be their authentic selves. Aon is proud to be an equal opportunity workplace and provides 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.

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