Senior Analyst Pension-DB Admin Solutions
Job Overview
Job title: Senior Analyst Pension-DB Admin Solutions
Job description: Build a meaningful career
At LifeWorks, we offer more than career opportunities, we provide career opportunities to make meaningful contributions to people’s lives. The extraordinary expertise of a more than 7,000-strong workforce is harnessed to support the employees and families of the organizations we serve. Our innovative programs have a lasting impact on the health, financial security and productivity of 24,000 workplaces.
LifeWorks can provide clarity among plan options and take the strain out of communications between members, administrators and fund managers. Our Ariel administration system is a robust recordkeeping platform that supports membership database updates, and provides electronic data interfaces, calculations and transactions.
Our Pension Analyst works in a team and is responsible for administering pension plans for assigned clients and providing analytical and administration support to both clients and the team.
Responsibilities:
- Receives and responds to plan enquires and requests from clients
- Calculates and processes timely payment of termination, retirement and death benefits for medium sized plans and reviews such for simple plans
- Supports the relationship between clients and other members of consulting team
- Coordinates information flow between clients and trustees
- Reconciles plan assets and plan memberships
- Trains new analysts on systems and procedures
- Prepares year-end annual pension statements
- Prepares membership and asset data for actuarial valuations
- Applies and interprets pension benefit calculations in accordance with routine plan provisions and legislative requirements
- Works with pension databases
- Attends internal training sessions to build knowledge of industry topics and trends
- Participates in client meetings and presentations
- Assists with special projects, as required
Succeeding as a Senior Pension Analyst will require the following core qualifications and skills:
- 3-5 years of Defined Benefit pension administration experience (completed complex retirement, termination, death and marriage breakdown calculations manually)
- Post-secondary education (preferably in Mathematics, Statistics, Actuarial Science) or completed courses related to Pension Administration
- Advance knowledge of Defined Benefit pension plans and provincial pension and tax legislation
- Experience reviewing pension calculations and member transactions
- Ability to lead projects by taking ownership and being accountable for assigned tasks
- Proven ability to manage multiple tasks simultaneously
- Excellent analytical and mathematical skills
- Exceptional client service focus with strong professional acumen
#LI-SS2
Where permitted by law, LifeWorks employees must be fully immunized to access a LifeWorks office or customer premises.
Fulfilling work that matters
LifeWorks is in the business of helping organizations help their people and in the process, we strive to elevate ours. We’re always looking for talented professionals and strategic leaders looking to make a difference in the lives of the people we serve. We appreciate the interest of every applicant; however, we contact only those selected for an interview.
At LifeWorks, we are committed to putting our people first. Our priority is to optimize the health and productivity of our people. In light of COVID-19, our company continues to monitor the global situation and following local guidance in each of our communities to ensure the health and wellbeing of our employees. Safety is our highest priority, and while the goal is to ultimately return to the office, we are currently working remotely and are connecting with candidates through virtual interviews, recruitment events, and information sessions. We are excited to connect with you virtually, and look forward to receiving your application.
Company: LifeWorks
Expected salary:
Location: Toronto, ON
Job date: Thu, 13 Jan 2022 23:17:06 GMT
Job Source: Careerjet.ca