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Pension Administrator
4 months ago
Job Description
We are seeking a Pension Administrator to join our BPA team in Mississauga.
The Pension Administrator works in a team environment and is responsible for the ongoing administration of client pension plans in compliance with plan rules, legislative requirements and internal practices. As a senior member of the team, this includes peer review, data analysis and the development of process improvements to ensure accuracy and gain efficiencies.
The Pension Administrator will:
Communicate and coordinate with members, employers, union representatives, actuaries, auditors, custodians and any other third-party representative regarding benefit entitlements, data, administration procedures and interpretations of plan provisions. Maintain up-to-date records for members and client. Determine entitlements on death, disability, retirement, termination and marriage breakdown in accordance with specific Plan provisions, government legislation requirements and current service standards. Authorize payment of benefit entitlements and plan expenses from Custodian. Peer review of pension calculation, authorizations and other documents prepared by more junior members of the team. Participate in yearend activities, including data updates, validations, reconciliations, annual pension statements, and actuarial valuation data. Perform reconciliation of monthly contributions postings and reports. Prepare and file government forms including Annual Information Returns, PAs, PARs, etc., as applicable. Participate in ad-hoc projects such as pensioner audits and data cleanups. Organize workload to ensure client and regulatory deadlines are met. Identify process improvements and work with team to implement new procedures. Mentor junior members of the team. Attend client meetings, as applicable.
To be successful as a Pension Administrator with BPA, you will need:
Excellent and proven organization skills. Excellent attention to detail. Strong mathematical and analytical abilities. Strong communication skills, written and oral. Excellent work ethic and accountability. Good understanding of actuarial concepts related to pension administration. Good understanding of legislative requirements related to pension administration.
All-star candidates will have:
Good understanding of legislative requirements related to pension administration (ITA, PBA, Family Law, PIPEDA). Intermediate to Expert MS Excel skills (formatting, build/interpret pension calculators, data analysis functions). Intermediate to Expert MS Word skills (formatting, word merge and conditional wording). High School Graduation Diploma, Bachelor’s degree in business or mathematics preferred. 4 years of pension administration/analyst experience.
What's in it for you:
Learn by working alongside our experts Extended health care and dental benefits A retirement savings plan with company contributions A suite of Health & Wellness offerings Mental Health programs and support for you and your family Assistance for the completion of industry designations Competitive compensation At People Corporation we are committed to helping businesses succeed. We are a national provider of benefits, retirement, wealth, wellness, and human resource solutions. Our experts and solutions serve over 20,000 clients representing nearly 3 million Canadians. We offer customized solutions designed to fit the unique needs of businesses and their employees, members and stakeholders.
About BPA:
BPA is a division of People Corporation and has served members and beneficiaries in their local communities since 1958. BPA is dedicated to providing a superior benefits experience to our members, businesses, and trusts in the local communities in which they live and operate.
Providing an inclusive, accessible environment, where all employees and clients feel valued, respected and supported is something we're committed to. We are dedicated to building a workforce that reflects the diversity of the communities in which we live, and to creating an environment where every employee has the opportunity to reach their potential.
