Group Pension Administration Specialist

**Business Line**:Group Benefits & Retirement

**Hours Per Week**:35 (Full-Time)

**Job Duration**: Full-Time, Permanent

**The Group Benefits & Retirement Divisions**

NFP’s Benefit and Retirement Experts help businesses to develop benefits programs that go above and beyond thanks to our relationships with respected insurance carriers. We continue to cultivate a team with the frontline expertise required to help sort through offerings, develop a road map, and roll out organization-specific employee support.

**About the Role**

The Group Defined Benefit Pension Administration Specialist is a member of the NFP’s Group Retirement Services (GRS) Team which provides a range of group retirement, actuarial, consulting, and administration services to Canadian organizations that sponsor single-employer programs. Primary responsibilities include day-to-day defined benefit (DB) pension administration and customer service, preparation and peer review of defined benefit pension calculations, including termination, retirement, and death, the establishment of new plans in NFP’s systems, managing plan documentation, completion and filing of required government documents, and plan amendments. The Specialist has direct contact with corporate clients and pension plan members.

With this role, you will open the door to an exciting actuarial career path opportunity with NFP Canada and be a valued member and key partner in ensuring client satisfaction.

**COVID-19 Update**: Please note in some locations we’ve activated hybrid plans for some of our offices. Standard operating hours generally remain intact in this environment.

**What You’ll Do**
- Implement newly appointed DB pension plans on NFP’s proprietary DB administration systems
- Complete year-end DB administration processing
- Complete compliance reporting, including Form 7, Annual Information Returns, Fund Statements, and Form 8s
- Day-to-day administration, pension benefit processing (termination, death, and retirements), record keeping of assigned defined benefit pension plan clients, including, but not limited to:

- Prepare member quotations upon termination, retirement, and death
- Calculate and co-ordinate payout of benefits upon termination, retirement, and death
- DB annual anniversary updates
- Prepare annual member and sponsor statements
- Prepare AIRs and PBGF assessments
- Prepare PAs, PSPAs, and PARs
- Prepare and file Plan amendments
- Respond to member/sponsor inquires
- Maintain knowledge of legislation policies & procedures
- Prepare valuation data on a triennial basis or as required by the Plan Actuary
- Periodic service support to those DB clients who also sponsor DC pension plans and Group RRSPs
- The input of data for new clients as received from previous consultant/administrator
- Provide direct support to corporate clients and plan members
- Assist with project work and other duties as required

**What You Bring**
- Typically, 5+ years of experience preferred, and excellent knowledge of defined benefit pension plan administration and compliance
- A strong understanding of applicable provincial and federal legislation
- Basic knowledge of defined contribution pension plans and group RRSPs
- Excellent communication and client service skills
- Experience in directly servicing plan sponsors and plan members
- Strong mathematical and analytical skills
- Self-motivated and determined with a positive attitude and a sense of urgency
- Proficient in Microsoft Office Suite with advanced knowledge in Excel
- Fluent in English and French is an asset

**Who We Are**

NFP is a leading insurance brokerage that provides property and casualty, group benefits, retirement and individual solutions through our licensed subsidiaries and affiliates. We’re a 5x Best Places to Work award winner in Insurance, a 5-Star Brokerage award winner from Insurance Business Canada Magazine, and a recognized Elite Agency award winner. We enable client success through the expertise of over 1000 employees based in Canada and more than 6,900 employees with over 310 offices globally.

We’ve become one of the largest insurance brokerage, consulting, and wealth management firms by building enduring relationships with our clients and helping them realize their goals. NFP is the 2nd largest retirement aggregator firm (Investment News), 5th largest benefits broker by global revenue (Business Insurance), 10th largest property and casualty agency (Insurance Journal), and 12th largest global insurance broker (Best’s Review).

**What’s In It For You**

NFP’s PeopleFirst culture offers a multitude of benefits to employees and is a great place to call home.
- Annual bonus plan for all employees
- Matching RRSP plan of 5% of salary
- Referral Commission Plan
- Generous benefits plan including Health Care Spending Account starting on the first day of employment
- Full support for continuing education & internal opportunities to grow as an insurance professional to advance care