Pension Outsourcing Analyst

Willis Towers Watson; Toronto; On-site; CAD 55,000 - 70,000; Full time

Job summary

A leading consulting firm in Toronto is seeking a Pension Outsourcing Analyst to provide administrative support for defined benefit plans. This role involves working closely with clients and team members to ensure accurate and efficient plan administration. Ideal candidates will have a degree in mathematics or a related field, possess strong analytical skills, and be proficient in Microsoft Excel. The salary range is $55,000 to $70,000 CAD annually, along with eligibility for a bonus.

Benefits

Annual short-term incentive bonus

Qualifications

• Strong academic record in a quantitative field.
• Demonstrated client service skills and technical experience.
• Ability to work both independently and in a team.

Responsibilities

• Perform plan administration tasks for defined benefit plans.
• Collaborate with team members and clients.
• Maintain accurate case notes and documentation.

Skills

Mathematical skills

Analytical skills

Client service skills

Problem-solving abilities

Communication skills

Attention to detail

Microsoft Excel proficiency

Education

Bachelor’s or Master’s degree in mathematics, statistics, finance

Job description

Description

WTW Retirement consultants have deep experience working with organizations of all types and sizes. We’ve worked closely with clients to develop some of the most advanced benefit design techniques currently in use. We combine expertise in retirement and investment consulting to support organizations worldwide in designing, managing, administering, and communicating all types of retirement plans.

Note: Employment-based non-immigrant visa sponsorship and/or assistance is not offered for this specific job opportunity.

The Role

As a Pension Outsourcing Analyst, you will contribute as part of a team to provide general administration support and pension administration tasks. You will perform recurring plan administration services and work assignments for clients’ defined benefit plans under the supervision of senior analysts and work with the client service delivery team as well as interface with clients to answer questions, resolve issues and complete projects.

• Perform with guidance from other team members, routine and recurring plan administration tasks for clients’ defined benefit plans (e.g., benefit calculations, annual data updates, preparation of pension benefits statements)
• Work cooperatively with other team members (WTW plan administrators, actuaries) to complete tasks and to ensure unified delivery of services
• Gain a thorough understanding of the plan design (e.g., benefit formulas, options, eligibility)
• Follow and update documentation materials as directed to maintain complete accurate work papers and audit trails
• Learn and use Professional Excellence tools and concepts to ensure efficient and quality output/service delivery
• Serve as a contact with clients’ human resources personnel
• Adhere to plan documents and government regulations in administering plans
• Actively participate in team meetings and training activities
• Be accountable to team members for agreements and commitments
• Maintain complete and accurate case notes
• Complete special projects as needed

Qualifications

The Requirements

• Bachelor’s or Master’s degree in mathematics, statistics, finance or any other major with significant quantitative course work, with a strong academic record
• Solid mathematical and analytical skills
• Work experience that demonstrates strong technical and/or client service skills
• Passion for solving problems and sharing solutions to exceed the standards of the client
• Ability to be a self-starter and work independently, but also cooperatively in a close team environment
• Strong written and verbal communication skills and a demonstrated ability to interact with colleagues at all levels
• Excellent Microsoft Office skills, particularly in Excel
• Strong attention to detail
• In office presence: 3 days per week
• Proficiency in English and French, both written and oral

Compensation

The base salary compensation range being offered for this role is $55,000 CAD -$70,000 CAD per year.

This role is also eligible for an annual short-term incentive bonus.

Artificial Intelligence (AI) tools may be used in the process to screen, assess, or select applicants for a position but all final decisions and determinations are made exclusively by authorized human personnel.

This job posting is an advertisement for an existing vacancy.

Equal Opportunity Employer