Pension Associate, Defined Benefit Pension Administration

Aon Hewitt; Toronto; Hybrid; CAD 50,000 - 70,000; Full time

Job summary

A leading global professional services firm is seeking an Associate in Pension Administration to join their team in Toronto. This hybrid role involves calculating benefit entitlements, maintaining pension plan records, and ensuring quality service delivery for Defined Benefit Pension clients. Ideal candidates will have a strong educational background in Math, Statistics, or Finance, along with relevant experience and communication skills.

Benefits

Comprehensive benefits package

Global Wellbeing Days

Flexible working style solutions

Qualifications

• Education preferably in Math or Statistics.
• Experience in pension administration and calculations.
• Bilingual in French and English preferred.

Responsibilities

• Calculate benefit entitlements for pension clients.
• Prepare government forms and maintain member records.
• Assist with testing the pension system for clients.

Skills

Mathematics

Statistics

Actuarial Sciences

Finance

Communication

Spreadsheet Competencies

Client-Service Demeanor

Education

Education in Math, Statistics, Actuarial Sciences and Finance

Tools

Excel

Word

Job description

Job Title : Associate, Pension Administration

Are you looking for an opportunity to join a global leader in the professional services space? This could be the opportunity for you!

We are seeking a motivated, diligent and career-minded individual to join our Pension Administration team.

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

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

• Preferred education in Math, Statistics, Actuarial Sciences and Finance;
• Previous work experience in calculating complex benefit entitlements on retirement, termination, death and marriage breakdown;
• Experience in yearend tasks (PAs, PARs, Indexation, Annual Statements, etc.); calculating and reporting PAs, PSPAs and PARs;
• Knowledge of related provincial and federal pension legislation and Income Tax Act provisions;
• Good oral and written communication skills and ability to work in a team;
• Strong spreadsheet competencies and math proficiency required;
• Meticulous, with sound pension administration and organizational skills;
• Advanced Excel and a thorough knowledge of Word;
• Client-service demeanour; and
• French / English bilingualism preferred due to frequent interactions with clients, colleagues, or partners based in Quebec, other Canadian provinces and/or internationally"

How we support our colleagues

In addition to our comprehensive benefits package, we encourage an inclusive workforce. Plus, our agile 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 for our colleagues as well.

Our continuous learning culture inspires and equips you to learn, share and grow, helping you achieve your fullest potential. As a result, at Aon, you are more connected, more relevant, and more valued.

Aon values an innovative and inclusive workplace where all colleagues feel empowered to be their authentic selves. Aon is proud to be an equal opportunity workplace.

Aon provides equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, creed, sex, sexual orientation, gender identity, national origin, age, disability, veteran, marital, domestic partner status, or other legally protected status.

We welcome applications from all and provide individuals with disabilities with reasonable adjustments to participate in the job application, interview process and to perform essential job functions once onboard. If you would like to learn more about the reasonable accommodations we provide, email [e-mail]

Aon is not accepting unsolicited resumes from search firms for this position. If you are a search firm, you will not be compensated in any way for your submission of a candidate, even if Aon hires that candidate.

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