Pension Administrator

Union Benefits is Canada's only third-party administration company owned and built by the union trust funds we work for. For 40 years, Union Benefits has been leading the way when it comes to supporting multi-employer union trusts in Canada. We deliver innovative and market-leading member pension, health benefit, vacation pay, supplementary unemployment benefit, and productivity bonus plans programs and services on an "at-cost" basis for our clients At Union Benefits, our purpose is to support the health, wellness, and financial well-being of our union members and their families. The Pension Administrator supports this purpose by working closely with Member Services and Trust Management colleagues to support effective day-to-day adminstration operations and providing excellent member experience when addressing and managing Pension-related queries and actions. **Primary Duties are, but not limited to**: - Day-to-day administration activities in support of both Defined Benefit and Defined Contribution Pension Plans as well as Group RRSP plans. - Communicate and coordinate with members, Union representatives, Actuaries, Auditors regarding benefit entitlements, data, administration, and interpretations of Plan Provisions. - Maintain up to date records for members. - Work directly with Plan Sponsors and Insurance Carriers to maintain smooth plan operation including overseeing changes to existing plans and implementing new plans. - Determine entitlements of death, retirement, termination, and marriage breakdown, shortened life expectancy in accordance with specific Plan Provisions, government legislation requirements. - Work with Actuarial firm to facilitate pension requests and process appropriate paperwork. - Work with Actuarial firm to provide member data required for valuations and member statements. - Keeping apprised of new legislation and updating applicable forms and communicating to relevant parties. - Good working knowledge of the FSRA portal and the Ontario Pension Benefits Act. - Filing of all pension plan amendments including but not limited to Plan Texts, SIP&P etc. - Ensuring that all documents are compliant and up to date including but not limited to Plan Texts, Plan Booklets, etc. - Ensuring that all process and procedures are in place to ensure the Pension Plans are compliant in every way including but not limited to missing members, booklets etc. - Complete compliance reporting including Annual Information Returns, financial statements, etc. - Generate pension plan activity reports to support regular Plan Sponsor servicing meetings. - Prepare monthly contribution files for electronic uploading to banks and insurance carriers. **Education, Skills, and Experience**: - 3+ years pension administration experience; exposure to the multi-employer Union Local environment a plus - Good understanding of applicable provincial and federal pension legislation - Working knowledge of pension administration processes and DB/DC plan design features - Demonstrated ability to organize and prioritize workload to meet strict timelines and work effectively within a team and independently. - Excellent verbal and written communication skills to confidently interact with all levels of the organization, members, and plan sponsors - Strong analytical skills - Working knowledge of Microsoft Office software suite Please note that our employees are currently working in a hybrid format. The training period for this position is in-office; upon completion of the training period, the employee can take part in the hybrid working format. If you want to work in a positive, challenging, and safe environment where your contributions are valued, please send us your resume Union Benefits is committed to creating an accessible environment for our employees and potential employees; we will attempt to make appropriate accommodations throughout the entire recruitment process. If you require accommodation, please advise us. **Salary**: From $41,000.00 per year **Benefits**: - Casual dress - Company events - Company pension - Dental care - Extended health care - Life insurance - On-site parking - Paid time off - RRSP match - Vision care - Work from home Schedule: - 8 hour shift - Day shift - Monday to Friday Supplemental pay types: - Bonus pay COVID-19 considerations: We are following all public health requirements. Ability to commute/relocate: - Waterloo, ON N2V 2C9: reliably commute or plan to relocate before starting work (preferred) **Experience**: - pension administration: 3 years (required) Work Location: Hybrid remote in Waterloo, ON N2V 2C9