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Pension Services Administrator
2 months ago
Position Overview:
At Marsh McLennan Companies, we are fostering an environment where every individual can express their true self at work. We believe in the power of inclusivity and the unique contributions of each team member, regardless of their background or beliefs.
Role Summary:
We are currently looking for a Pension Administration Specialist to join our dedicated team.
Key Responsibilities:
- Collaborate within a team setting as part of our pension administration Client Services.
- Deliver exceptional administrative support to a diverse portfolio of clients, ensuring outstanding and timely service in all interactions.
- Contribute to a company focused on improving the health, wealth, and career prospects of our clients and their employees, while also investing in the growth of our own workforce.
- Embrace a workplace that values diversity and promotes understanding, inclusion, and innovation.
- Engage in meaningful and challenging tasks, with numerous opportunities for professional development and advancement.
Benefits:
- Work for a reputable organization with a strong commitment to making a positive impact in the lives of individuals.
- Experience a culture of belonging, innovation, and collaboration, with exceptional career opportunities across our various business sectors.
- Enjoy competitive compensation, including salary and bonus potential, along with a comprehensive benefits package starting from Day 1.
- Benefit from generous paid time off, including vacation, sick leave, and community service days, along with a flexible work environment.
- Participate in Employee Resource Groups that offer access to leadership, volunteer opportunities, and mentoring.
Expectations:
- Work autonomously and collaboratively on assigned projects, ensuring accuracy and efficiency.
- Adapt to changing standards, procedures, and tools.
- Review pension plan documents to ensure precise calculations for defined benefit pension plans, and utilize this expertise to enhance systems and databases.
- Maintain a thorough understanding of relevant pension legislation across all jurisdictions.
- Prepare annual statements for plan participants.
- Execute calculations for pension adjustments, reversals, and indexation.
- Conduct peer reviews for year-end processes, ensuring compliance and accuracy.
- Provide expert guidance on pension-related provisions in the Income Tax Act.
- Identify and resolve discrepancies, proposing process enhancements to management.
- Offer training and support to client teams, acting as a subject matter expert.
- Analyze legislative summaries to ensure compliance with established standards.
- Uphold Mercer Professional Standards and adhere to peer review processes.
- Prioritize and manage projects to meet deadlines.
- Mentor junior team members.
Qualifications:
- Strong analytical and organizational skills with meticulous attention to detail.
- Excellent verbal and written communication abilities.
- Proficient in Microsoft Office Suite, especially Excel and Word.
- Minimum of 5 years' experience in administering defined benefit pension plans.
- Familiarity with multiple legislative jurisdictions.
Preferred Attributes:
- Basic knowledge of actuarial principles, with a Bachelor's degree in mathematics, administration, or a related field.
- Bilingual proficiency in English and French.
