Defined Benefit Pension Administration, Senior Associate

Aon Corporation•Toronto, ON

1d•Hybrid

About The Position

Join our Defined Benefit Pension Administration team as a Senior Associate and help deliver high‑quality, high‑impact pension services every day! The Senior Associate will be responsible for quality service delivery for their Defined Benefit Pension clients and will require the ability to perform all functions necessary to ensure the continuous efficient operation of our clients' pension plan arrangements.

Requirements

3+ years of working with Defined Benefit pension plans required
Education in Math, Statistics, Actuarial Sciences and Finance
Previous work experience in reviewing calculations and yearend tasks (PAs, Indexation, Annual Statements, etc.)
Knowledge of related provincial and federal pension legislation and Income Tax Act provisions
Oral and written communication skills and ability to work in a team environment
Experience with pension administration systems, strong spreadsheet competencies and math proficiency required
Thorough with sound pension administration and organizational skills
Advanced Excel and a thorough knowledge of Word
Client-service approach

Nice To Haves

Knowledge of the French language
A relevant degree
Completion of CEBS, PPAC, CHRP or actuarial courses

Responsibilities

Calculate, peer review and authorize benefit entitlements on retirement, termination, death and marriage breakdown
Year-end update of plan records, including the reconciliation of the membership, contributions and trust fund
Calculation and review of PAs, PSPAs and PARs and preparation of applicable filing forms
Preparation and review of annual pension statements
Read and interpret pension plan texts
Quality control of year-end data input and verification
Communication with clients regarding data, administration, and interpretation of pension plan text
Preparation, review and filing of government forms including Annual Information Return, Form 7 and PBGF forms
Track team progress and coordinate with various departments to ensure service delivered on time
Assist with the set-up and testing of the system for new and existing clients according to the plan provisions and administrative requirements
Assist with the development/maintenance of standard operation procedures
Respond to member calls and facilitate requests
Attend client meetings in a technical support role
Liaise with trust company and plan auditors
Maintenance of client records