Senior 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 hardworking, 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
The Senior Associate is responsible for quality service delivery for their Defined Benefit Pension clients and will require the ability to perform all functions necessary to ensure the continuous efficient operation of our clients' pension plan arrangements.
- Calculate, peer review and authorize benefit entitlements on retirement, termination, death and marriage breakdown;
- Year-end update of plan records, including the reconciliation of the membership, contributions and trust fund;
- Calculation and review of PAs, PSPAs and PARs and preparation of applicable filing forms;
- Preparation and review of annual pension statements;
- Read and interpret pension plan texts;
- Quality control of year-end data input and verification of computer output;
- Communication with clients regarding data, administration, and interpretation of pension plan text;
- Preparation, review and filing of government forms including Annual Information Return, Form 7 and PBGF forms;
- Track team progress and coordinate with various departments to ensure service delivered on time;
- Assist with the set-up and testing of the system for new and existing clients according to the plan provisions and administrative requirements;
- Assist with the development / maintenance of standard operation procedures;
- Respond to member calls and facilitate requests;
- Attend client meeting in technical support role;
- Liaise with trust company and plan auditors;
- Maintenance of client 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
- Minimum of 2 years working with Defined Benefit pension plans preferred;
- Preferred education in Math, Statistics, Actuarial Sciences and Finance;
- Previous work experience in reviewing calculations and yearend tasks (PAs, Indexation, Annual Statements, etc.);
- 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 environment;
- Experience with pension administration systems, strong spreadsheet competencies and math aptitude required;
- Detail-oriented with sound pension administration and organizational skills;
- Advanced Excel and a thorough knowledge of Word;
- Client-service attitude; and
- Other assets include fluency in French, a relevant degree and the completion of CEBS, PPAC, CHRP or actuarial courses.
How we support our colleagues
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!
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