Pension Administrator

Union Benefits is Canada's only third-party administration company-owned and built by the union trust funds we work for. For 38 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 We believe our purpose is to support the health, wellness, and financial wellbeing of our union members and their families. The Pension Administrator supports this purpose by working closely with other Members Services and Trust Management colleagues. This position is accountable for supporting plan members in 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**: - 5 to 7 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 administrative processes and DB/DC plan design features - Excellent verbal and written communication skills - Strong interpersonal skills and comfortable working directly with members / plan sponsors - Strong analytical skills - Works well independently - Able to prioritize workflow and meet deadlines - Working knowledge of Microsoft Office software suite If you want to work in a positive, challenging, and safe environment where your contributions are valued, please send us your resume Please note that our employees are currently working from home. Once we have returned to the office, work will take place in a hybrid format. 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 $1.00 per hour Additional pay: - Bonus pay **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 COVID-19 considerations: We are following all public health requirements Ability to commute/relocate: - Waterloo, ON: reliably commute or plan to relocate before starting work (preferred) **Experience**: - pension administration: 5 years (required)