Pension Administration Specialist
3 days ago
Mercer is seeking a highly skilled Pension Administration Specialist to join our team in a hybrid environment. As a key member of our pension administration Client Services team, you will provide exceptional administration services to a portfolio of clients, demonstrating outstanding and timely customer service in all dealings with client contacts.
Key Responsibilities- Provide high-quality administration services to clients, ensuring accuracy and efficiency in all dealings.
- Work independently and as a member of a team with minimal supervision on assigned projects to generate accurate and efficient solutions.
- Analyze pension plan documents to complete or provide final peer review of complex pension calculations performed by others, ensuring accuracy against plan documents for defined benefit pension plans.
- Maintain an expert knowledge of relevant pension-related legislation in all provincial jurisdictions.
- Prepare annual statements for plan members.
- Calculate pension adjustments (PA), pension adjustment reversals (PAR), and past service pension adjustments (PSPA) and pension indexation.
- Provide peer review on all year-end process, including pension adjustments, pension adjustment reversals, membership reconciliations, fund reconciliations, annual statements, annual information returns, etc.
- Maintain an expert knowledge of relevant pension-related provisions in the Income Tax Act.
- Identify and resolve issues that affect accuracy, suggesting process improvements to management.
- Provide guidance and training to client teams and serve as a subject matter expert.
- Analyze legislative and regulatory summaries and ensure compliance for all client work, adhering to all established standards.
- Act in accordance with Mercer Professional Standards and following the peer review/checking process.
- Set priorities and coordinate projects, taking into account established deadlines.
- Mentor junior administrators.
- 5+ years' experience administering defined benefit pension plans.
- Strong proficiency with Microsoft Office Suite, particularly Excel and Word, with the ability to support complex calculations using Excel solutions.
- Experience working with multiple legislative jurisdictions.
- Strong analytical and organization skills with high attention to detail.
- Excellent written and oral communication skills.
- Bachelor's degree in mathematics, administration, or another related field.
- Basic understanding of actuarial principles.
- Bilingual (French-English).
Mercer is a global consulting leader in talent, rewards, and employment outcomes with more than 25,000 colleagues in 43 countries. We help clients around the world unlock growth and success by delivering innovative solutions that transform business and careers. Our approximately 25,000 employees are based in 43 countries and the firm operates in 130 countries. Mercer is a business of Marsh McLennan (NYSE: MMC), the world's leading professional services firm in the areas of risk, strategy, and people, with more than 85,000 colleagues and annual revenue of over $20 billion.
Mercer is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections, and professional development benefits of working together in the office. All Mercer colleagues are expected to be in their local office or working onsite with clients at least three days per week.
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