Buck Buck - CONTRACT Defined Benefit Pension Administration Specialist in Mississauga, Ontario
Contract - Defined Benefit Pension Administration Specialist - Outsourcing Practice - Mississauga Office
At Buck, we’re focused on helping our clients create a culture of wellbeing, centered around the evolution of each person’s health, wealth, and career. Our creative digital, consulting, and tech-enabled administration solutions are empowering the world’s most forward-thinking companies to embrace the new social contract, re-energize their workforces, and embrace an analytics-led talent marketplace in ways that improve how their people work and live.
Leveraging strong client relationships with key decision makers, our teams deliver exceptional results that confidently push the envelope with unexpected solutions to help our clients accomplish their objectives faster and keep them ahead of the curve. Not surprisingly, we embrace inventive thinkers who make original contributions to the team. We put people first — our people and our clients’ people, and our inclusive and welcoming culture celebrates diversity and individuality.
Explore your next career move with Buck today!
Job Summary: Responsible for day-to-day and cyclical administration processes for our clients' pension plans. You will also be exposed to excellent growth and development opportunities when partnering with others in the overall planning of new projects and processes.
Key Job Responsibilities/Job Description:
On-going administration of small/medium/large defined benefit pension plans
Calculate benefits (termination of employment, retirement, death, etc.) and prepare event statements in a timely and accurate manner
Prepare payment authorizations for retirements, terminations and deaths
Interpret and apply the provisions of the plans and the various applicable laws
Participate in the preparation of annual statements for active and inactive plan members
Calculate pension adjustments (PA), pension adjustment reversals (PAR), and past service pension adjustments (PSPA)
Create/update process documentation related to assigned tasks/projects
Produce ad hoc reports
Perform user acceptance testing
Address quality issues as they arise
Maintain a high level of professionalism and sense of urgency to ensure client and/or participant expectations are consistently met
Manage workload and priorities in a high pressure, high volume environment
Ensure all work is peer-reviewed;
Back up and support other team members, as required
Participate in training, special projects and other duties as assigned by the manager
University degree or college diploma with demonstrable mathematical aptitude (actuarial science/mathematics degree is an asset) and/or related work experience
2+ year of experience in Defined Benefit pension plan administration
Intermediate level proficiency in MS Word and Excel
Ability to meet deadlines
Strong accounting and mathematical skills
Proven relationship building skills
Ability to handle and manage multiple tasks simultaneously
Client satisfaction focus and team-oriented work style
Ability to remain poised, patient, empathetic, tactful and composed while handling escalated issues
Solid oral and written communication skills - with particular emphasis on articulation and grammar
High ethical standards
Enjoy working in a fast-paced environment
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, or disability, or any other legally protected basis, in accordance with applicable law.
At Buck, we’re exclusively focused on helping our clients and their people succeed together. By this, we mean we’re partnering with some of the world's most forward-thinking companies to re-envision and re-design the way that employees work and live. And we’re doing this by finding the right combination of consulting, outsourcing, and technology solutions to help our clients realize the best organizational performance for their businesses while driving positive health, wealth, and career outcomes for their people.
Dedicated: Devoted to a task or purpose with loyalty or integrity
Detail Oriented: Capable of carrying out a given task with all details necessary to get the task done well
Growth Opportunities: Inspired to perform well by the chance to take on more responsibility
Self-Starter: Inspired to perform without outside help
- Bachelors or better