Pension Specialist
About the role
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 Act as subject-matter expert for UAPP plan provisions and calculation rules. 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 compliance with pension documents and legislation. Review legal documentation related to Power of Attorneys, Executors, Trustees/Guardianship, and Interspousal Agreements, and communicate the acceptance or rejection of documentation. Provide peer review on all year-end process – i.e. Pension Adjustments, Pension Adjustment Reversals, Past Service Pension Adjustment, membership reconciliations, fund reconciliations, annual statements, Annual Information Returns. Coordinate and test system updates/changes to the YMPE, salary cap, actuarial assumptions, and contribution rates. Provide peer review of any work related to optional service and leave of absence applications and other complex calculations. 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. Manage relationships with systems’ providers and coordinate any systems’ related issues with employers and UAPP staff. Assist the Pension Administration Manager in developing calculation templates. Assist in the development and enhancement of employers’ and members’ communications including process maps, manuals and other documentation and ensure compliance with legislation and UAPP branding. Deliver 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. Identify opportunities for process efficiencies across all pension administration activities. Attend and participate in the Pension Benefits Administration User Group’s meetings. Perform other duties, as required.
Required Qualifications Completion of post-secondary education preferably in Mathematics, Finance, or Administration Minimum 10 years’ previous 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. Exceptional communication and interpersonal skills with the ability to foster a positive team environment and provide excellent customer service to all stakeholders. Results driven with critical thinking skills.
Preferred Qualifications Proficient in adopting and using technology as a tool in the workplace Strong organizational and time management skills, with strong attention to detail. Ability to manage multiple priorities, meet deadlines and adapt to changing needs. Ability to work independently and with minimal supervision
Work Location: #1850, 10303 Jasper Avenue Edmonton, Alberta T5J 3N6
Work Arrangement: Hybrid, with a minimum of three (3) days per week in the office
Please click "apply" or send your application to chloe.muller@uapp.ca with the subject line "Pension Specialist Application".
This competition will remain open until a suitable candidate is found. We thank all applicants for their interest; however, only those selected for an interview will be contacted.
Not the right fit? Search for Pension Specialist jobs in Edmonton, Alberta, Canada
About Universities Academic Pension Plan
The Universities Academic Pension Plan (UAPP) is a jointly-trusteed, defined-benefit pension plan registered under the Employment Pension Plans Act of Alberta, and the Income Tax Act (Canada). The eligible academic and professional staff of Athabasca University, Banff Centre, University of Alberta, University of Calgary, and University of Lethbridge participate in the Plan.
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Pension Specialist
About the role
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 Act as subject-matter expert for UAPP plan provisions and calculation rules. 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 compliance with pension documents and legislation. Review legal documentation related to Power of Attorneys, Executors, Trustees/Guardianship, and Interspousal Agreements, and communicate the acceptance or rejection of documentation. Provide peer review on all year-end process – i.e. Pension Adjustments, Pension Adjustment Reversals, Past Service Pension Adjustment, membership reconciliations, fund reconciliations, annual statements, Annual Information Returns. Coordinate and test system updates/changes to the YMPE, salary cap, actuarial assumptions, and contribution rates. Provide peer review of any work related to optional service and leave of absence applications and other complex calculations. 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. Manage relationships with systems’ providers and coordinate any systems’ related issues with employers and UAPP staff. Assist the Pension Administration Manager in developing calculation templates. Assist in the development and enhancement of employers’ and members’ communications including process maps, manuals and other documentation and ensure compliance with legislation and UAPP branding. Deliver 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. Identify opportunities for process efficiencies across all pension administration activities. Attend and participate in the Pension Benefits Administration User Group’s meetings. Perform other duties, as required.
Required Qualifications Completion of post-secondary education preferably in Mathematics, Finance, or Administration Minimum 10 years’ previous 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. Exceptional communication and interpersonal skills with the ability to foster a positive team environment and provide excellent customer service to all stakeholders. Results driven with critical thinking skills.
Preferred Qualifications Proficient in adopting and using technology as a tool in the workplace Strong organizational and time management skills, with strong attention to detail. Ability to manage multiple priorities, meet deadlines and adapt to changing needs. Ability to work independently and with minimal supervision
Work Location: #1850, 10303 Jasper Avenue Edmonton, Alberta T5J 3N6
Work Arrangement: Hybrid, with a minimum of three (3) days per week in the office
Please click "apply" or send your application to chloe.muller@uapp.ca with the subject line "Pension Specialist Application".
This competition will remain open until a suitable candidate is found. We thank all applicants for their interest; however, only those selected for an interview will be contacted.
Not the right fit? Search for Pension Specialist jobs in Edmonton, Alberta, Canada
About Universities Academic Pension Plan
The Universities Academic Pension Plan (UAPP) is a jointly-trusteed, defined-benefit pension plan registered under the Employment Pension Plans Act of Alberta, and the Income Tax Act (Canada). The eligible academic and professional staff of Athabasca University, Banff Centre, University of Alberta, University of Calgary, and University of Lethbridge participate in the Plan.