Pension & Benefits Analyst

Human Resources Toronto, Ontario


Description

Purpose of role

 

The Pension & Benefits Analyst is responsible for pension and group benefits administration for Canada and/or the U.S.  The incumbent must learn a significant amount of Canadian and U.S. legislation applicable to this highly-specialized field and be able to apply learnings to a variety of special cases and in order to conduct analysis for business outcomes.

 

 Key responsibilities /accountabilities

 

  • Group Benefits (employee flex plan, medical, dental, etc.) – new hires, terminations, leaves of absence, annual open enrolment, maintain tracking sheets
  • Retirement Plans – new hires, terminations, in-service withdrawals (loans, hardships), retirements, retirement estimates, pension calculations
  • Retiree medical – process changes in retirees’ medical benefits, track and process retiree payments, follow-up in the event of non-payment, assist with annual rate adjustments, letters, participant inquiries/customer service
  • Customer service – support employees and former employees with their inquiries (answer questions, navigate complicated scenarios), meet with employees to discuss their matters
  • Compliance – plan member statements, non-discrimination testing, regulatory filings, etc.
  • Special cases – apply knowledge and experience to non-standard situations to resolve
  • Data management - records completeness and validation, ensure that all supporting documentation is in order (benefit elections, beneficiary designations, etc.)
  • Insurer premium billings/invoices – check premiums/fees and process for payment
  • Analytics – gather data and perform calculations/conduct analysis to aid in the development of business recommendations and decisions
  • Support administration on pension and benefit special projects
  • Other group benefits, pension/retirement savings administration or analysis, as necessary

 

Key qualifications /competencies

 

  • Post secondary degree or college diploma preferred
  • Experience in/knowledge of employee benefits preferred
  • Aptitude for working with systems (Workday, other web-based self-service portals, vendor websites & tools, etc.)
  • Ability to work well under pressure and time constraints
  • Must be competent in handling large data files, particularly in EXCEL and WORD
  • Demonstrated attention to detail and strives for accuracy
  • Strong written and verbal communication skills
  • Excellence in basic mathematics is required
  • Ability to be flexible and adapt when assignments change

 

Foresters is committed to supporting diversity and accessibility. If you require an accommodation throughout the recruitment process, we will work with you to meet your needs.