Associate, Defined Benefit Pension Administration

Aon; Montreal; On-site; CAD 50,000 - 90,000; Full time

Job summary

Join a global leader in Pension Administration and contribute to a diverse team dedicated to delivering quality service for Defined Benefit Pension clients. This hybrid role offers the flexibility to work virtually or from the Montreal office. You will be responsible for calculating benefit entitlements and preparing necessary documentation while ensuring efficient operation of pension plans. The organization values innovative solutions and supports a healthy work/life balance, providing comprehensive benefits and two Global Wellbeing Days each year. If you are detail-oriented and passionate about making a difference in pension administration, this is the perfect opportunity for you.

Benefits

Comprehensive benefits package

Global Wellbeing Days

Flexible working style solutions

Qualifications

• 1+ year experience with Defined Benefit pension plans preferred.
• Strong proficiency in Excel and pension administration systems required.

Responsibilities

• Calculate benefit entitlements for retirement, termination, and more.
• Prepare government forms and assist with pension system testing.

Skills

Defined Benefit pension plans

Mathematics

Statistics

Actuarial Sciences

Finance

Communication Skills

Organizational Skills

Fluency in French

Education

Degree in Math, Statistics, Actuarial Sciences, or Finance

Tools

Pension administration systems

Excel

Word

Job description

Are you looking for an opportunity to join a global leader in Pension Administration? Are you a hardworking, motivated, diligent and career-minded individual? This could be the opportunity for you!

This is a hybrid role with the flexibility to work both virtually and from our Montreal or Toronto office.

Applicants must be legally authorized to work in Canada. This role is not eligible for sponsorship, and we are unable to sponsor or take over sponsorship of an employment visa or work permit.

Aon is in the business of better decisions

At Aon, we shape decisions for the better to protect and enrich the lives of people around the world.

As an organization, we are united through trust as one inclusive, diverse team, and we are passionate about helping our colleagues and clients succeed.

What the day will look like

This role is tasked with quality service delivery for their Defined Benefit Pension clients. The Associate will require the ability to perform all functions necessary to ensure the continuous efficient operation of our clients' pension plan arrangements.

1. Calculate benefit entitlements on retirement, termination, death and marriage breakdown;
2. Conduct calculation on PAs, PSPAs and PARs and preparation of applicable filing forms;
3. Prepare indexation and annual pension statements;
4. Perform year-end update of plan records, including the reconciliation of the membership, contributions and trust fund;
5. Prepare government forms including Annual Information Return, Form 7 and PBGF forms;
6. Assist with testing of the pension system for new and existing clients according to the plan provisions and administrative requirements;
7. Assist with maintaining of standard operation procedures;
8. Respond to member calls and facilitate requests;
9. Maintenance of members’ records; and
10. Other duties as required.

How this opportunity is different

As part of a market-leading team, you will contribute to the creation of concrete results for our clients by applying innovative and effective solutions to support the pension administration team.

Skills and experience that will lead to success

If this role appeals to you but you don’t meet all the requirements listed below, please do express your interest. Applicants who do not have the industry experience but have the required education and skills will also be considered.

1. Minimum of 1 year working with Defined Benefit pension plans preferred;
2. Preferred education in Math, Statistics, Actuarial Sciences and Finance;
3. Previous work experience in calculating complex benefit entitlements on retirement, termination, death and marriage breakdown;
4. Experience in yearend tasks (PAs, PARs, Indexation, Annual Statements, etc.); calculating and reporting PAs, PSPAs and PARs;
5. Knowledge of related provincial and federal pension legislation and Income Tax Act provisions;
6. Good oral and written communication skills and ability to work in a team;
7. Experience with pension administration systems, strong spreadsheet competencies and math proficiency required;
8. Meticulous, with sound pension administration and organizational skills;
9. Advanced Excel and a thorough knowledge of Word;
10. Other assets include fluency in French, a relevant degree and the completion of CEBS, PPAC, CHRP or actuarial courses.

How we support our colleagues

In addition to our comprehensive benefits package, we encourage a diverse workforce. Plus, our agile, inclusive environment allows you to manage your wellbeing and work/life balance, ensuring you can be your best self at Aon. Furthermore, all colleagues enjoy two “Global Wellbeing Days” each year, encouraging you to take time to focus on yourself. We offer a variety of working style solutions, but we also recognise that flexibility goes beyond just the place of work... and we are all for it. We call this Smart Working!