Defined Benefit Pension Expert
7 days ago
About the Role
Aon is seeking a highly skilled and detail-oriented Pension Administration Specialist to join our team. 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 the 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 the 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.
About You
To be successful in this role, you will have a minimum of 2 years of experience working with Defined Benefit pension plans, preferably with a background in Math, Statistics, Actuarial Sciences, or Finance. You will also have strong analytical and problem-solving skills, with the ability to work in a team environment and communicate effectively with clients.
What We Offer
Aon is committed to providing a comprehensive benefits package and a diverse and inclusive work environment. We offer a range of flexible working arrangements, including Smart Working, to support your work-life balance. We also provide opportunities for professional development and growth, as well as a competitive salary and benefits package.
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