Pension Administration - Senior Analyst

Mercer; Quebec; Hybrid; CAD 60,000 - 90,000; Full time

Job summary

Mercer in Montreal/Quebec City is seeking a Pension Administration - Senior Analyst to join the Pension Administration team. This hybrid role requires at least one day in the office weekly and offers exposure to a Centre of Excellence handling a portfolio of clients.

You will calculate benefits, update databases, prepare statements, and respond to inquiries, while applying plan provisions and laws. This role suits someone with finance/actuarial background and strong Excel skills.

Qualifications

• Bachelor's degree in finance, actuarial science, mathematics, or business administration.
• Fluent in English and French with strong written communication.
• Strong analytical and organizational skills, detail-oriented.
• Proficient in Excel and MS Office.

Responsibilities

• Calculate pension benefits and prepare statements resulting from events (termination, retirement, death, etc.).
• Update client databases and validate data across systems; accrue benefits and reconcile membership.
• Prepare annual statements for plan members and annual information returns.
• Understand plan provisions and applicable laws.
• Calculate PA, PAR, and PSPA adjustments.
• Respond to clients and members’ inquiries.
• Administer plans with complex features (flexible, executive, hybrid).
• May participate in special projects such as plan termination or indexation.

Skills

Analytical skills

Bilingual English/French

Team collaboration

Education

Bachelor's degree in finance or actuarial science

Tools

Excel

MS Office

Job description

We are seeking a talented individual to join our Pension Administration team at Mercer as Pension Administration - Senior Analyst.

This role will be based in Montreal or Quebec City. This is a hybrid role that has a requirement of working at least one day a week in the office.

The Senior Analyst works in a team environment as part of Mercer’s pension administration Centre of Excellence. You will be part of a team who provide high quality administration service to a portfolio of clients, demonstrating outstanding and timely customer service in all dealings with client contacts. You will also be part of a company committed to enhancing the health, wealth, and careers of the clients we serve and their employees and will work for a company equally invested in the development of our own people.

We will count on you to:

• Calculate pension benefits and prepare statements resulting from various events (termination of employment, retirement, death, marriage breakdown, transfer, etc.)
• Update client's database (data request and validation, use of various systems/databases, data processing and accrual of benefits and other pertinent information, reconciliation of membership, etc.)
• Prepare annual statements for plan members and annual information returns
• Understand the provisions of the plans and the various applicable laws
• Calculate pension adjustments (PA), pension adjustment reversals (PAR), and past service pension adjustments (PSPA)
• Respond to clients and members’ inquiries
• Administer plans that may contain complex features (flexible plans, executive plans, hybrid plans, etc.)
• May be involved in various special projects, including plan termination, early-retirement program, pension indexation, implementation of new plan provisions, etc.

What you need to have:

• Bachelor's degree in a related field such as finance, actuarial science, mathematics, or business administration
• Financial and/or mathematics background.
• Great verbal and written communication skills in English and French are required.
• Strong analytical and organization skills, thoroughness, and attention to detail
• Excellent written and verbal communication skills
• Ability to work in teams; accountable and resourceful
• Strong proficiency in Excel and working knowledge of the MS Office suite

What makes you stand out:

• 1-3 years of pensions experience
• Prior experience working with defined benefit pension plans
• Prior experience working in an actuarial firm

Why join our team:

• We help you be your best through professional development opportunities, interesting work and supportive leaders.
• We foster a vibrant and inclusive culture where you can work with talented colleagues to create new solutions and have impact for colleagues, clients and communities.
• Our scale enables us to provide a range of career opportunities, as well as benefits and rewards to enhance your well-being.

Mercer is a business of Marsh (NYSE: MRSH), a global leader in risk, reinsurance and capital, people and investments, and management consulting, advising clients in 130 countries. With annual revenue of over $27 billion and more than 95,000 colleagues, Marsh helps build the confidence to thrive through the power of perspective. For more information about Mercer, visit mercer.com, or follow us on LinkedIn and X.

Marsh is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age background, disability, ethnic origin, family duties, gender orientation or expression, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, or any other characteristic protected by applicable law. In accordance with applicable legislation, Marsh 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 [e-mail]

Marsh is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections and professional development benefits of working together in the office. All Marsh colleagues are expected to be in their local office or working onsite with clients at least three days per week. Office-based teams will identify at least one “anchor day” per week on which their full team will be together in person.