Group Annuity Administration Manager (DB Pension Plans)
Top Benefits
About the role
Job Description
What is the opportunity?
The Group Annuity Administration Manager is responsible for the effective administration of the group annuity business line ensuring adherence to defined benefit (DB) pension plan and contractual requirements. They will work with internal stakeholders, plan sponsors and pension consultants to successfully onboard and implement group annuity deals demonstrating their strong pension background.
What will you do?
• Act as Subject Matter Expert on Pension Administration for all activities involving DB calculations, statements and annuitant questions
• Ensure adherence to regulatory and contractual requirements in partnership with legal, compliance and finance
• Contribute to process improvement initiatives, including testing of system upgrades and documentation of processes and enhancements
• Maintain up-to-date knowledge of pension legislation and lead training on legislative changes and their operational impact
• Support integration and review of new annuity client data and ensure DB plan provisions are set up appropriately into administration system
• Co-ordinate and participate in kick-off meetings with clients and internal stakeholders and ensure implementation timelines are met
What will you need to succeed?
• Minimum 5 years of defined benefit (DB) pension administration/consulting experience
• Strong understanding of pension legislation and commuted value calculations
• Excellent analytical, organizational and communication skills
•Strong data background
Special Conditions
Please note only applicants with DB Pension experience will be entertained for this position.
What's in it for you?
• A Total Rewards program that includes flexible benefits, work/life balance and career development programs and investment and retirement savings plans
• Competitive pay and high-earning potential
• All the tools, training, and team support you need to grow your career
• Flexible work/life balance options
• RBCI software tools to boost your productivity
RBC is an organization that succeeds by bringing out the best in its people. You’ll be part of a supportive, inclusive team that shares common values – including a fundamental respect for each other. At the heart of this is a commitment to diversity. RBC respects and responds to the many competing and evolving priorities in our lives – so you can focus on what you can do best – putting clients first.
About RBC
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 94,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada's biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 17 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com. We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at www.rbc.com/community-social-impact.
La Banque Royale du Canada est une institution financière mondiale définie par sa raison d'être, guidée par des principes et orientée vers l'excellence en matière de rendement. Notre succès est attribuable aux quelque 94 000+ employés qui mettent à profit leur créativité et leur savoir faire pour concrétiser notre vision, nos valeurs et notre stratégie afin que nous puissions contribuer à la prospérité de nos clients et au dynamisme des collectivités. Selon la capitalisation boursière, nous sommes la plus importante banque du Canada et l'une des plus grandes banques du monde. Nous avons adopté un modèle d'affaires diversifié axé sur l'innovation et l'offre d'expériences exceptionnelles à nos plus de 17 millions de clients au Canada, aux États Unis et dans 27 autres pays. Pour en savoir plus, visitez le site rbc.com/francais
Nous sommes fiers d'appuyer une grande diversité d'initiatives communautaires par des dons, des investissements dans la collectivité et le travail bénévole de nos employés. Pour de plus amples renseignements, visitez le site www.rbc.com/collectivite-impact-social.
Group Annuity Administration Manager (DB Pension Plans)
Top Benefits
About the role
Job Description
What is the opportunity?
The Group Annuity Administration Manager is responsible for the effective administration of the group annuity business line ensuring adherence to defined benefit (DB) pension plan and contractual requirements. They will work with internal stakeholders, plan sponsors and pension consultants to successfully onboard and implement group annuity deals demonstrating their strong pension background.
What will you do?
• Act as Subject Matter Expert on Pension Administration for all activities involving DB calculations, statements and annuitant questions
• Ensure adherence to regulatory and contractual requirements in partnership with legal, compliance and finance
• Contribute to process improvement initiatives, including testing of system upgrades and documentation of processes and enhancements
• Maintain up-to-date knowledge of pension legislation and lead training on legislative changes and their operational impact
• Support integration and review of new annuity client data and ensure DB plan provisions are set up appropriately into administration system
• Co-ordinate and participate in kick-off meetings with clients and internal stakeholders and ensure implementation timelines are met
What will you need to succeed?
• Minimum 5 years of defined benefit (DB) pension administration/consulting experience
• Strong understanding of pension legislation and commuted value calculations
• Excellent analytical, organizational and communication skills
•Strong data background
Special Conditions
Please note only applicants with DB Pension experience will be entertained for this position.
What's in it for you?
• A Total Rewards program that includes flexible benefits, work/life balance and career development programs and investment and retirement savings plans
• Competitive pay and high-earning potential
• All the tools, training, and team support you need to grow your career
• Flexible work/life balance options
• RBCI software tools to boost your productivity
RBC is an organization that succeeds by bringing out the best in its people. You’ll be part of a supportive, inclusive team that shares common values – including a fundamental respect for each other. At the heart of this is a commitment to diversity. RBC respects and responds to the many competing and evolving priorities in our lives – so you can focus on what you can do best – putting clients first.
About RBC
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 94,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada's biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 17 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com. We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at www.rbc.com/community-social-impact.
La Banque Royale du Canada est une institution financière mondiale définie par sa raison d'être, guidée par des principes et orientée vers l'excellence en matière de rendement. Notre succès est attribuable aux quelque 94 000+ employés qui mettent à profit leur créativité et leur savoir faire pour concrétiser notre vision, nos valeurs et notre stratégie afin que nous puissions contribuer à la prospérité de nos clients et au dynamisme des collectivités. Selon la capitalisation boursière, nous sommes la plus importante banque du Canada et l'une des plus grandes banques du monde. Nous avons adopté un modèle d'affaires diversifié axé sur l'innovation et l'offre d'expériences exceptionnelles à nos plus de 17 millions de clients au Canada, aux États Unis et dans 27 autres pays. Pour en savoir plus, visitez le site rbc.com/francais
Nous sommes fiers d'appuyer une grande diversité d'initiatives communautaires par des dons, des investissements dans la collectivité et le travail bénévole de nos employés. Pour de plus amples renseignements, visitez le site www.rbc.com/collectivite-impact-social.