Pension Administration Specialist (5671)
Job Posting
Pension Administration Specialist
Organization:
Universities Academic Pension Plan
Province:
Alberta
Location:
Edmonton
Salary:
Description:
This position reports to the Chief Operating Officer, collaborates with other members of the UAPP team to foster a culture of discipline and determination, and serves as a Subject Matter Expert by delivering technical expertise on pension administration and compliance, reviewing implemented programs, and supplying best practices and improvement suggestions on processes and systems.
Duties and Responsibilities:
- Analyze pension plan documents to complete or provide peer review of pension calculations (retirement, termination, pre-retirement death, post-retirement death, and family property calculations) performed by others ensuring accuracy against and/or compliance with pension documents and legislation.
- Lead pension year-end processes and reconciliation such as annual member statement issuance for all member groups, contribution reconciliations, etc.
- Provide support to the Pension Officer in the completion of optional service and leave of absence applications.
- Assist in preparing reports on plan administration and service provider’s performance metrics.
- Carry out quality assurance reviews of pension data to ensure data integrity.
- Assist in the development and enhancement of employers’ and/or members’ communications including process maps, manuals and other documentation and ensure compliance with legislation and UAPP branding.
- Act as backup to the Pension Officer in delivering pension information sessions to employers and members.
- Manage employer onboarding training and member portal access instructions.
- Ensure all Plan benefits are compliant with applicable legislation, Plan terms and conditions, and internal administrative practices and policies.
- Provide mentorship to junior administrators.
- Work independently and as a team member with minimal supervision on assigned projects to generate accurate and efficient solutions.
- Provide prompt and courteous service to Plan members, retirees, and other stakeholders.
- Attend meetings, as required.
Requirements:
- Post secondary education and a minimum of 5 years of pension administration experience.
- Certified Employee Benefit Specialist (CEBS) designation or working towards would be considered an asset.
- Strong understanding of the principles, concepts, and practices of pension plan administration, including the relevant acts, legislation, and guidelines related to pension plans.
- Proficient in adopting and using technology as a tool in the workplace.
- Advanced analytical and critical thinking skills.
- Strong organizational and time management skills, with strong attention to detail.