Senior Manager, Pensions and Benefits

Job summary

The Senior Manager will lead global retirement and benefits initiatives while ensuring compliance across multiple jurisdictions. They are responsible for managing external vendor relationships, overseeing budgetary monitoring, and providing expert advice to HR teams and management.

Job details

ABOUT US We’re one of Canada’s largest pension investors, with CAD$320.6 billion of net assets as of March 31, 2026. We invest funds for the pension plans of the federal public service, the Canadian Forces, the Royal Canadian Mounted Police and the Reserve Force. Headquartered in Ottawa, PSP Investments has its principal business office in Montréal and offices in New York, London and Hong Kong. Capturing and leading complex global investments requires us to work as one to seize valuable opportunities, in close collaboration with some of the world’s top companies. At PSP Investments, you’ll join a team of motivated and engaged professionals, dedicated to propelling our organization further than ever before. ABOUT THE TEAM The Total Rewards team is responsible for the design and management of PSP's global compensation and benefits programs. This team ensures competitive offerings, cross-jurisdictional compliance, and alignment with PSP's strategic objectives. Reporting to the Senior Director, Total Rewards, the Senior Manager will lead global retirement and benefits initiatives, influence PSP's directions, and manage a team of professionals. This role requires subject matter expertise while possessing strong communication skills, the ability to manage multiple complex projects and processes simultaneously, and a commitment to supporting the organization's objectives through competitive total rewards strategies. ABOUT YOUR ROLE As a Senior Manager, Pensions and Benefits, you’ll: Ensure the evolution, optimization and continuous improvement of pension and benefits programs, in support of PSP's total rewards strategy Ensure the implementation and management of employee benefits and pension programs in multiple jurisdictions, ensuring compliance with local and international regulations Ensure the budgetary monitoring of pension and benefits programs and contribute to the identification of optimization opportunities Evaluate the effectiveness of current programs, and make recommendations to support business objectives, risk management and employee experience Influence management of relationships with external vendors, including supporting service renewal and improvement processes Act as a member of the various global pension committees and develop recommendations and presentations to support decision-making Lead the communications strategy for the pension and benefits programs, in collaboration with the internal communications and HR teams Anticipate the risks and impacts associated with regulatory changes and recommend necessary adjustments to maintain compliant and sustainable programs Act as an expert advisor to HR teams and managers on pension and benefits issues Lead and develop a team of benefits professionals, fostering a culture of performance and engagement Contribute to cross-functional initiatives and ad hoc deliverables within the Total Rewards team WHAT YOU’LL NEED Bachelor's degree in actuarial science, human resources, business administration or related field (master’s degree or CEBS is an asset) Professional designation in actuarial, human resources, compensation or benefits management (CFIF, CFIA, CEBS, etc.) is an asset 10+ years of progressive experience in benefits management, including at least 3 to 5 years in a leadership role Strong knowledge of global benefits programs and compliance requirements Proven ability to lead teams and manage complex relationships with external vendors Excellent analytical, negotiation, collaboration and communication skills Ability to work in a constantly changing environment with flexibility and a high level of autonomy Strong organizational skills, managing competing priorities while meeting deadlines Bilingualism: English and French (frequent interactions in English with PSP employees based in our offices in Hong Kong, London and New York, and interactions in French with employees in our local offices in Montreal and Ottawa) We offer a tailored employee experience and competitive total rewards and benefits package* designed to attract and retain global diverse talent, reward performance, and reinforce business strategies and priorities. Beyond salary and incentive pay eligibility, you have access to: Investment in career development Comprehensive group insurance plans Competitive pension plans Unlimited access to virtual healthcare services and wellness programs Gender-inclusive paid family leave policy: up to 26 weeks for primary caregivers, 5 weeks for secondary caregivers A personalized family-building support, from pre-pregnancy to menopause, with available financial assistance Vacation days available on day one with additional days on milestone service anniversaries, and summer Friday afternoons off A hybrid work model that includes four in-office days, Monday through Thursday The opportunity to work temporarily from another location in accordance with the applicable policy *Benefits package may vary based on your employee type. At PSP Investments, we aim to provide a workplace where everyone feels valued, safe, respected and empowered to grow. As part of this leadership commitment, we strongly encourage applications from all qualified applicants and strive to offer an inclusive and accessible candidate experience. If you require any accommodation for any part of the recruitment process, please let us know. Visit us on www.investpsp.com/en/ Follow us on LinkedIn #LI-AB2

What you’ll do

The Senior Manager will lead global retirement and benefits initiatives while ensuring compliance across multiple jurisdictions. They are responsible for managing external vendor relationships, overseeing budgetary monitoring, and providing expert advice to HR teams and management.

Requirements

Candidates must possess a bachelor's degree in a relevant field and at least 10 years of progressive experience in benefits management, including 3 to 5 years in a leadership role. Strong knowledge of global benefits programs, excellent communication skills, and bilingualism in English and French are required.

Benefits

• Comprehensive group insurance plans • Competitive pension plans • Virtual healthcare services • Wellness programs • Gender-inclusive paid family leave • Family-building support • Vacation days • Career development

Listed skills

• Regulatory Compliance · Preferred
• Risk Management · Preferred
• Negotiation · Preferred
• Communication · Preferred
• Team Leadership · Preferred
• Project management · Preferred

Other relevant skills

Identified from the job description. Confirm important requirements above.

• Pension management
• Benefits administration
• Global compensation
• Regulatory compliance
• Team leadership
• Vendor management
• Strategic planning
• Communication
• Project management
• Risk management
• Analytical skills
• Negotiation
• Bilingualism
• Actuarial knowledge
• Influencing Skills
• Strategic Objectives
• Influencing Without Authority
• Virtual Health
• Organizational Skills
• Business Objectives
• Ability To Meet Deadlines
• Benefits Management
• Bilingual (French/English)
• Cross-Border Compliance
• Actuarial Science
• Business Administration
• Management
• Investments
• Certified Employee Benefit Specialist
• Decision Making
• Continuous Improvement Process
• English Language
• French Language
• Leadership
• Internal Communications
• Risk Management
• Presentations
• Business Strategies
• Menopause

Job areas

• Human Resources
• Management & Leadership
• Finance & Accounting
• Pension Benefits Analyst
• Compensation / Benefits Manager
• Human Resource Managers
• Compensation and Benefits Managers