Pension Calculations Specialist

3 weeks ago


Burnaby, British Columbia, Canada Pacific Blue Cross Full time

About Pacific Blue Cross

Pacific Blue Cross is a leading benefits provider in British Columbia, offering health, dental, life, disability, and travel coverage to 1 in 3 British Columbians. We are an independent, not-for-profit society with strong roots in BC's health care system.

We are seeking a skilled Pension Calculations Specialist to join our team. The successful candidate will provide complex technical analysis and pension calculations services for members of D.A. Townley-administered pension plans.

Key Responsibilities

  • Reconciles pension payments, lump sum payouts, and transfers against the custodial pension registers and financial statements.
  • Determines eligibility on an annual basis for members qualifying for transfer deficiency payments for the funded or unfunded portion of selected pension plans.
  • Calculates pension adjustment (PA)/pension adjustment reversal (PAR) amounts to determine RSP headroom left after annual contributions made by employees.
  • Prepares year end pension reconciliations for selected plans and generates contributor statements of status and amounts paid into the plan.
  • Calculates annual cost of living adjustments for pensioners of affected pension plans.

Requirements

  • Completion of a bachelor's degree in Actuarial Sciences, or an equivalent discipline, including a business communications course and demonstrated proficiency with advanced Excel and intermediate Word.
  • 2 years of previous related experience in an actuarial or pension administration environment analyzing and producing complex pension calculations.


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