Pension Analyst II (4707)

Job Posting

Pension Analyst II
Organization:  Workplace Safety & Insurance Board (WSIB)
Province:  Ontario
Location:  Toronto
 
 
Description:

This is a temporary position until the end of December 2018.

Job Summary

Provide a professional and timely level of service to plan members and other interested parties. Perform all functions necessary to ensure the continuous, efficient and accurate day-to-day administration of the WSIB Employees’ Pension Plan (EPP) and Employees’ Supplementary Pension Plan (ESPP), in compliance with legislative and policy requirements.

This role will respond directly to client inquiries that can be diverse and in-depth and that are received from a variety of sources.

Major Responsibilities

Be able to work independently and as a member of a team with moderate supervision on assigned projects to generate accurate and efficient solutions.

Moderate interaction with external and internal parties (e.g., members, Payroll, HR Transactions, third parties). Provide oral and/or written responses regarding pension enquiries to plan members and survivors, Payroll dept, HR and other operating areas, financial institutions and financial advisors

Maintain and demonstrate solid working knowledge of relevant pension related legislation in applicable provincial jurisdictions and the Income Tax Act (ITA) e.g., the WSIB EPP and ESPP, the Income Tax Act (Canada) and the Pension Benefits Act (Ontario).

Analyze pension plan documents for the WSIB EPP and ESPP to complete pension calculations ensuring accuracy and compliance against plan documents and applicable legislation. Use this knowledge to develop or update system, spreadsheets and database, and for testing of system and tools

Perform day-to-day and year-end processes – i.e. pension calculations, pension adjustments, pension adjustment reversals, data quality review, reconciliation and remediation, membership reconciliations, annual statements, etc.

Adapt to evolving plan and organizational designs, standards, procedures and tools.

Identify and resolve issues that affect accuracy. Suggest process improvements to management.

Provide guidance and training to team members

Manage own priorities taking into account established deadlines.

Analyze legislative and regulatory summaries and ensure compliance for all work. Adherence to all established standards.

Education

Post secondary degree or equivalent experience in mathematics, accounting, finance or actuarial science is an asset.

Requirements:

Job Requirements

At least 3 years of prior experience working with defined benefit pension plans and related provincial legislation, preferably in a unionized environment

Working knowledge of pension administration

Proficiency with PC based software applications (e.g., MS Office, PeopleSoft, pension administration software)

Demonstrate the following competencies: strong analytical and organization skills, thoroughness, attention to detail, strong written and oral communication skills, ability to work in teams, self-reliance, resourcefulness

Able to multi-task and work in a team oriented environment