Closed listing
Associate - Defined Benefit Pension Administration
- Montreal, QC, Canada
Full-time
This opening has closed.
The original listing is kept below for reference.
Job details
- Job type
- Full-time
- Closing date
- Posting language
- English
- Posted
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Search current openingsOriginal job description
Archived listing. The details below describe a past opening.
This is a hybrid role with the flexibility to work both virtually and from our Montreal 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.
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.
- Minimum of 1 year working with Defined Benefit pension plans preferred;
- 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;
- Experience with pension administration systems, 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 is preferred due to the frequent interactions with clients, colleagues, or partners based in Quebec, other Canadian provinces and/or internationally.
- A relevant degree and the completion of CEBS, PPAC, CHRP or actuarial courses
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!
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, diverse 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 ReasonableAccommodations@Aon.com
2544086
More about this job
Responsibilities
Administer defined benefit pension plans by calculating member entitlements, preparing pension adjustment filings and statements, and maintaining accurate member and plan records. Support year-end reconciliations, government reporting, pension system testing, procedure maintenance, and member inquiries.
Requirements
At least one year of defined benefit pension experience is preferred, along with strong math and spreadsheet skills, pension administration system experience, and knowledge of applicable pension legislation and tax provisions. Preferred qualifications include education in mathematics, statistics, actuarial science, or finance; advanced Excel and Word skills; and French-English bilingualism, with a relevant degree or professional coursework also noted.
Skills
- Pension Benefit Calculations
- Pension Adjustment Reporting
- Year-End Reconciliation
- Pension Legislation
- Income Tax Act Knowledge
- Pension Administration Systems
- Advanced Excel
- Microsoft Word
- Spreadsheet Skills
- Mathematical Proficiency
- Client Service
- Written Communication
- Oral Communication
- Organization
- French-English Bilingualism
Benefits
- Global Wellbeing Days
- Flexible Working Arrangements
- Learning And Development
Visa sponsorship
Not detected in the job text
Categories
- Finance & Accounting
- Customer Service & Support
- Administrative
Keywords
- Defined Benefit Pension Plans
- Pension Administration
- Benefit Entitlements
- Retirement Benefits
- Termination Benefits
- Death Benefits
- Marriage Breakdown
- Pension Adjustments
- Pension Adjustment Reversals
- Indexation
- Annual Pension Statements
- Year-End Reconciliation
- Annual Information Return
- Form 7
- Pension Benefits Guarantee Fund
- Pension Legislation
- Income Tax Act
- Pension Administration Systems
- Excel
- Word
- Spreadsheet Competencies
- Member Records
- Pension System Testing
- Standard Operating Procedures
- Client Service
- CEBS
- PPAC
- CHRP
- Actuarial Courses