Defined Benefit Pension Administration, Senior Associate
About the role
Posting Description:
Defined Benefit Pension Administration, Senior Associate
Role Type: Existing vacancy
Do you enjoy solving complex defined benefit pension calculations and ensuring plans run smoothly for members and sponsors? Are you looking for a role where your technical expertise and attention to detail truly make a difference for clients?
Join our Defined Benefit Pension Administration team as a Senior Associate and help deliver high‑quality, high‑impact pension services every day!
The salary range for this position is {$ 56,600- $ 75,400}. The actual salary will vary based on applicant’s education, experience, skills and abilities, as well as internal equity. The salary may also be adjusted based on applicant’s geographic location.
Aon also offers you a generous incentive earning opportunity and a comprehensive benefits package.
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 team and we are passionate about helping our colleagues and clients succeed.
What the day will look like
The Senior Associate will be 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. This could be including of the following:
- 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:
- 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 meetings in a technical support role;
- Liaise with trust company and plan auditors;
- Maintenance of client records;
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
- 3+ years of working with Defined Benefit pension plans required.
- 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;
- Oral and written communication skills and ability to work in a team environment;
- Experience with pension administration systems, strong spreadsheet competencies and math proficiency required;
- Thorough with sound pension administration and organizational skills;
- Advanced Excel and a thorough knowledge of Word;
- Client-service approach; and
- Other assets include knowledge of the French language, a relevant degree and the completion of CEBS, PPAC, CHRP or actuarial courses.
Aon is not accepting unsolicited resumes from search firms for this position. If you are a search firm, you will not be compensated in any way for your submission of a candidate, even if Aon hires that candidate.
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