Senior Pension Administration Specialist

January 12, 2022 Business Management and Administration

Job Overview

Job title: Senior Pension Administration Specialist

Job description: At Mercer, we’re creating a culture where you can bring your authentic self to work. When you join us, you bring your inclusive energy and enthusiasm to a team that values you personally and professionally – regardless of who you are, what you look like, where you were raised or born, who you love or what your religious beliefs are. You are welcome here.

Mercer’s Pension Administration Centre of Excellence is seeking a Senior Pension Administration Specialist based in our Toronto or London, Ontario offices or Remote

What can you expect?
Mercer’s Pension Administration Centre of Excellence provides comprehensive third party defined benefit pension administration solutions. The successful candidate will be part of a team of consultants, analysts and administrators that provide high quality administration service to a portfolio of clients, demonstrating outstanding and timely customer service in all dealings with client contacts.

What is in it for you?

Work independently and as a member of a team with minimal supervision on assigned projects to generate accurate and efficient solutions.
Adapt to evolving standards, procedures and tools.
Diagnose system problems and respond to testing feedback.
Analyze pension plan documents to complete or provide final peer review of complex pension calculations performed by others ensuring accuracy against plan documents for defined benefit pension plans. Use this knowledge to develop or update system, calculator and database, and for testing of system and tools.
Maintain an expert knowledge of relevant pension related legislation in all provincial jurisdictions.

We will count on you to:

Work independently and as a member of a team with minimal supervision on assigned projects to generate accurate and efficient solutions.
Adapt to evolving standards, procedures and tools.
Diagnose system problems and respond to testing feedback.
Analyze pension plan documents to complete or provide final peer review of complex pension calculations performed by others ensuring accuracy against plan documents for defined benefit pension plans. Use this knowledge to develop or update system, calculator and database, and for testing of system and tools.
Maintain an expert knowledge of relevant pension related legislation in all provincial jurisdictions.
Prepare annual statements for plan members;
Calculate pension adjustments (PA), pension adjustment reversals (PAR), and past service pension adjustments (PSPA) and pension indexation;
Provide peer review on all year-end process – i.e. pension adjustments, pension adjustment reversals, membership reconciliations, fund reconciliations, annual statements, annual information returns, etc.
Maintain an expert knowledge of relevant pension related provisions in the Income Tax Act (ITA).
Identify and resolves issues that affect accuracy. Suggest process improvements to management.
Provide guidance and training to client teams and serve as a subject matter expert.
Analyze legislative and regulatory summaries and ensure compliance for all client work. Adherence to all established standards.
Act in accordance with Mercer Professional Standards and following the peer review/checking process.
Set priorities and coordinate projects taking into account established deadlines.
Develop and maintain of Excel based pension administration calculation tools.

What you need to have:

At least 5 years of prior experience working with defined benefit pension plans and related provincial legislation
Demonstrate the following competencies: strong analytical and organization skills, thoroughness, attention to detail, excellent written and oral communication skills, ability to work in teams, self-reliance, resourcefulness
Excellent communication, organization, presentation and negotiation skills
Proficient with MS-Office software programs and expert knowledge of Microsoft Excel

What makes you stand out:

Visual Basic for Applications is an asset
Post-secondary degree or equivalent experience in mathematics, accounting, or finance is an asset
Basic understanding of actuarial principles is an asset
Completion or enrolment in FSA, ASA and/or FCIA is an asset
Fluency in French is an asset

In accordance with applicable legislation, Mercer will provide a reasonable accommodation to employees and prospective employees to the point of undue hardship upon request and as required in respect of the individual’s particular restrictions and limitations. If you require a specific accommodation because of a disability or medical need please contact TANA@mmc.com .

Mercer believes in building brighter futures by redefining the world of work, reshaping retirement and investment outcomes, and unlocking real health and well-being. Mercer’s more than 25,000 employees are based in 44 countries and the firm operates in over 130 countries. Mercer is a business of Marsh & McLennan (NYSE: MMC), the world’s leading professional services firm in the areas of risk, strategy and people, with 76,000 colleagues and annual revenue of $17 billion. Through its market-leading businesses including Marsh , Guy Carpenter and Oliver Wyman , Marsh & McLennan helps clients navigate an increasingly dynamic and complex environment. For more information, visit https://www.me.mercer.com/ . Follow Mercer on Twitter @Mercer .

Marsh & McLennan Companies and its Affiliates are EOE Minority/Female/Disability/Vet/Sexual Orientation/Gender Identity employers.

#LI-NC

This employer is a corporate member of myGwork – LGBTQ+ professionals, the business community for LGBTQ+ professionals, students, inclusive employers & anyone who believes in workplace equality.

Share this job

Save jobClick to add the job to your shortlist

You need to or to save a job.

Get job alerts

Create a job alert and receive personalized job recommendations straight to your inbox.

Before you apply –
Turn on alerts for jobs like this!

We’ll send them straight to your inbox :

Email address required Other Marketing Communication

Yes, I’d like to receive emails from LocalWork.ca with helpful announcements of advertising specials, new features, notices, events, special offers and other important information that may be of interest to me.

Province required

When you create this job alert we will email you a selection of jobs matching your criteria. Our and apply to this service.

All emails will contain a link in the footer to enable you to unsubscribe at any time.

LocalWork.ca is a property of Metroland Media Group Ltd. 211 Prichard Rd. Unit #4 Hamilton, ON L8J 0G5,

To see our Privacy Policy, click

Create alert and continue to apply (This will open in a new window from which you will be automatically redirected to an external site after 5 seconds)

Company:

Expected salary:

Location: Toronto, ON

Job date: Wed, 12 Jan 2022 05:35:05 GMT

Job Source: Careerjet.ca