Pension Administration Specialist

Description :

At Mercer, we’re creating a culture where you can bring your authentic self to work. When you join us, you bring your inclusive energy and enthusiasm to a team that values you personally and professionally regardless of who you are, what you look like, where you were raised or born, who you love or what your religious beliefs are. You are welcome here.

Mercer Canada is seeking candidates for the following position on the Toronto team to work in a hybrid environment.

Pension Administration Specialist

What can you expect?

• Opportunity to work in a team environment as part of Mercer’s pension administration Client Services.
• You will provide high quality administration service to a portfolio of clients, demonstrating outstanding and timely customer service in all dealings with client contacts.

What is in it for you?

• A company with a strong brand and strong results to match, and are committed to making a difference in the lives of people
• A culture of belonging, innovation, collaboration, internal mobility, and extraordinary career opportunities through our four businesses : Marsh, Mercer, Guy Carpenter, and Oliver Wyman, each consistently ranked the industry leader in their fields
• Competitive pay (salary and bonus potential), full benefits package effective starting Day 1! (Medical, dental, vision, STD / LTD, life insurance, RSP (Retirement Savings Plan) or TFSA (Tax Free Savings Account))
• Generous paid time off for vacation, sick days, company holidays (with early dismissal), floating holidays, and time to give back to your community; flexible work culture
• Employee Resource Groups which provide access to leaders, relevant volunteer, and mentoring opportunities, and interactions with counterparts in industry groups and client organizations

We will count on you to :

• Work independently and as a member of a team with minimal supervision on assigned projects to generate accurate and efficient solutions
• Adapt to evolving standards, procedures and tools
• Analyze pension plan documents to complete or provide final peer review of complex pension calculations performed by others ensuring accuracy against plan documents for defined benefit pension plans.

Use this knowledge to develop or update system, calculator and database

• Maintain an expert knowledge of relevant pension related legislation in all provincial jurisdictions
• Prepare annual statements for plan members
• Calculate pension adjustments (PA), pension adjustment reversals (PAR), and past service pension adjustments (PSPA) and pension indexation
• Provide peer review on all year-end process i.e. pension adjustments, pension adjustment reversals, membership reconciliations, fund reconciliations, annual statements, annual information returns, etc.
• Maintain an expert knowledge of relevant pension related provisions in the Income Tax Act
• Identify and resolves issues that affect accuracy. Suggest process improvements to management
• Provide guidance and training to client teams and serve as a subject matter expert
• Analyze legislative and regulatory summaries and ensure compliance for all client work. Adherence to all established standards
• Act in accordance with Mercer Professional Standards and following the peer review / checking process
• Set priorities and coordinate projects taking into account established deadlines
• Mentor junior administrators

What you need to have :

• 5+ years’ experience administering defined benefit pension plans
• Strong Proficiency with Microsoft Office Suite, particularly Excel and Word, with the ability to support Complex calculations using Excel solutions
• Experience working with multiple legislative jurisdictions
• Strong analytical and organization skills with high attention to detail
• Excellent written and oral communication skills

What makes you stand out :

• Bachelor's degree in mathematics, administration, or another related field
• Basic understanding of actuarial principles
• Bilingual (French English)
4 hours ago