Senior Manager, Pensions and Benefits

PSP Investments | Investissements PSP; Montreal; On-site; CAD 120,000 - 160,000; Full time

Benefits offered by this job

Career development

Comprehensive insurance

Competitive pension

Virtual healthcare

Family leave

Hybrid work model

Global exposure

Job summary

PSP Investments in Montreal invites a Senior Manager, Pensions and Benefits to lead the evolution of our global retirement and benefits programs. You will partner with HR, finance and external vendors to ensure competitive offerings across jurisdictions and compliant, sustainable solutions.

The role requires 10+ years in benefits, 3–5 years in leadership, and bilingual English/French. You’ll oversee budgets, drive program optimization, and build a high-performing team while shaping PSP’s total

Qualifications

• 10+ years benefits management experience
• 3–5 years leadership experience
• Global benefits programs knowledge
• Vendor management experience
• Excellent analytical, negotiation, collaboration and communication skills
• Ability to work in a changing environment with autonomy

Responsibilities

• Evolve and optimize pension and benefits programs across jurisdictions
• Implement and manage employee pension and benefits programs with compliance
• Monitor budgets and identify optimization opportunities
• Lead and develop a team of benefits professionals
• Coordinate with external vendors and pension committees
• Lead communications for pension and benefits with HR and internal teams
• Anticipate regulatory changes and adjust programs accordingly
• Advise HR on pension and benefits issues

Skills

Leadership

Bilingual English/French

Analytical

Negotiation

Communication

Collaboration

Project Management

Organizational Skills

Autonomy

Education

Bachelor’s degree in actuarial/HR/BA

Job description

About Us

We’re one of Canada’s largest pension investors, with CAD$320.6 billion of net assets as of March 31, 2026.

About Us

We’re one of Canada’s largest pension investors, with CAD$320.6 billion of net assets as of March 31, 2026. We invest funds for the pension plans of the federal public service, the Canadian Forces, the Royal Canadian Mounted Police and the Reserve Force. Headquartered in Ottawa, PSP Investments has its principal business office in Montréal and offices in New York, London and Hong Kong. Capturing and leading complex global investments requires us to work as one to seize valuable opportunities, in close collaboration with some of the world’s top companies. At PSP Investments, you’ll join a team of motivated and engaged professionals, dedicated to propelling our organization further than ever before.

About The Team

The Total Rewards team is responsible for the design and management of PSP's global compensation and benefits programs. This team ensures competitive offerings, cross-jurisdictional compliance, and alignment with PSP's strategic objectives. Reporting to the Senior Director, Total Rewards, the Senior Manager will lead global retirement and benefits initiatives, influence PSP's directions, and manage a team of professionals. This role requires subject matter expertise while possessing strong communication skills, the ability to manage multiple complex projects and processes simultaneously, and a commitment to supporting the organization's objectives through competitive total rewards strategies.

About Your Role

As a Senior Manager, Pensions and Benefits, you’ll:

• Ensure the evolution, optimization and continuous improvement of pension and benefits programs, in support of PSP's total rewards strategy
• Ensure the implementation and management of employee benefits and pension programs in multiple jurisdictions, ensuring compliance with local and international regulations
• Ensure the budgetary monitoring of pension and benefits programs and contribute to the identification of optimization opportunities
• Evaluate the effectiveness of current programs, and make recommendations to support business objectives, risk management and employee experience
• Influence management of relationships with external vendors, including supporting service renewal and improvement processes
• Act as a member of the various global pension committees and develop recommendations and presentations to support decision‑making
• Lead the communications strategy for the pension and benefits programs, in collaboration with the internal communications and HR teams
• Anticipate the risks and impacts associated with regulatory changes and recommend necessary adjustments to maintain compliant and sustainable programs
• Act as an expert advisor to HR teams and managers on pension and benefits issues
• Lead and develop a team of benefits professionals, fostering a culture of performance and engagement
• Contribute to cross‑functional initiatives and ad hoc deliverables within the Total Rewards team

What You’ll Need

• Bachelor's degree in actuarial science, human resources, business administration or related field (master’s degree or CEBS is an asset)
• Professional designation in actuarial, human resources, compensation or benefits management (CFIF, CFIA, CEBS, etc.) is an asset
• 10+ years of progressive experience in benefits management, including at least 3 to 5 years in a leadership role
• Strong knowledge of global benefits programs and compliance requirements
• Proven ability to lead teams and manage complex relationships with external vendors
• Excellent analytical, negotiation, collaboration and communication skills
• Ability to work in a constantly changing environment with flexibility and a high level of autonomy
• Strong organizational skills, managing competing priorities while meeting deadlines
• Bilingualism: English and French (frequent interactions in English with PSP employees based in our offices in Hong Kong, London and New York, and interactions in French with employees in our local offices in Montreal and Ottawa)

We offer a tailored employee experience and competitive total rewards and benefits package* designed to attract and retain global diverse talent, reward performance, and reinforce business strategies and priorities. Beyond salary and incentive pay eligibility, you have access to:

• Investment in career development
• Comprehensive group insurance plans
• Competitive pension plans
• Unlimited access to virtual healthcare services and wellness programs
• Gender-inclusive paid family leave policy: up to 26 weeks for primary caregivers, 5 weeks for secondary caregivers
• A personalized family‑building support, from pre‑pregnancy to menopause, with available financial assistance
• Vacation days available on day one with additional days on milestone service anniversaries, and summer Friday afternoons off
• A hybrid work model that includes four in‑office days, Monday through Thursday
• The opportunity to work temporarily from another location in accordance with the applicable policy
• Benefits package may vary based on your employee type.

At PSP Investments, we aim to provide a workplace where everyone feels valued, safe, respected and empowered to grow. As part of this leadership commitment, we strongly encourage applications from all qualified applicants and strive to offer an inclusive and accessible candidate experience. If you require any accommodation for any part of the recruitment process, please let us know.

Visit us on www.investpsp.com/en/

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