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Pension Administration Specialist

1 month ago

Vancouver, British Columbia, Canada Aon Full time
Pension Administration Specialist

Aon is seeking a highly skilled Pension Administration Specialist to join our team. As a key member of our Defined Benefit Pension team, you will be responsible for delivering high-quality service to our 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.

Aon is an equal opportunity employer and welcomes applications from all qualified candidates. We are committed to diversity and inclusion in the workplace and are proud to be an equal opportunity workplace.