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Group Annuity Analyst
3 weeks ago
60 Yonge Street Toronto Ontario,M5E 1H5
Reporting to the Head, Client Relations & Operations, Group Retirement Solutions, the Group Annuity Analyst will support administrative requirements and collaborate with different teams to ensure the smooth operation of the group annuity business.
**What will you do?**
- Answer annuity inquiries and provide accurate information to annuitants regarding their pension entitlements (annuity certificate)
- Answer annuity inquiries and provide accurate information to various internal parties (Finance, Pricing, CSD, External vendor) regarding annuitant payments and/or pension entitlement, plan provision, etc.
- Prepare data requests for plan sponsors and pension consultants
- Monthly reconciliation of premium deductions, secondary insurer payments, etc.
- Monthly reconciliation of buy-in payments, and prepare and submit monthly wire payment requests
- Responsible for ensuring annuitant records are up-to-date by working with third party vendor
- Conduct critical errors check on bimonthly payment files
- Support for onboarding of new pension plans
- Assist with all other administrative requirement to ensure smooth operation
- Feed suggestion regarding ways to improve and automate administrative processes and implementing process-oriented solutions
**Qualifications**:
- Typically between 1-2 years of relevant pension administration experience
- Knowledge of pension regulations is an asset
- PPAC - Pension Plan Admin Certificate is an asset
- Strong knowledge of SQL and Excel VBA is a requirement
- Knowledge of Python is an asset
- English/French bilingualism is an asset
- Excellent verbal & written communication skills
- Is self motivated and organized
**We’re here to help**
At BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world.
As a member of the BMO team you are valued, respected and heard, and you have more ways to grow and make an impact. We strive to help you make an impact from day one - for yourself and our customers. We’ll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in-depth training and coaching, to manager support and network-building opportunities, we’ll help you gain valuable experience, and broaden your skillset.
