Pension administrator/Benefits and pension plan officer
Carleton University’s Human Resources department based in Ottawa, ON is inviting applications from suitable candidates for the position of Pension administrator/Benefits and pension plan officer. Carleton University’s Human Resources department is pivotal in fostering a vibrant and inclusive academic environment. Specializing in talent management and employee support, they ensure a dynamic workforce. It plays a key role in sustaining Carleton’s reputation as an educational institution committed to excellence and employee well-being. The candidates selected for the vacancy will be required to start the work as soon as possible.
Also hiring: WRHA careers
Job Description:
Employer Name: Carleton University
Department: Human Resources
Position: Pension administrator/Benefits and pension plan officer
No of Vacancies: 1
Salary: $58861.00 – $60000.00 yearly
Salary Level: NU03
Employment Type: Contract
Employee Group: Administrative Management
Location: 1125 Colonel By Dr, Ottawa, ON K1S 5B6, Canada
Shift: 35 Hours Per Week
Job ID: J1223-0152
Requirements:
Languages: Candidates must have knowledge of the English Language
Education: Candidates should have completion of a College Diploma or bachelor’s degree
Experience: Candidates should have minimum of 2 years of previous pension plan administration experience or related role that requires the ability to produce complex calculations
Other Requirements:
- The candidates should have knowledge of office administration policies, procedures, and processes
- The candidates should possess knowledge of the Pension Benefits Act, Ontario (RSO 1990), the Employment Standards Act; FSRA pension regulations, and CRA regulations and requirements
- The candidates should be familiar with the provisions of the Family Law Act, the Succession Act, Income Tax Act, Employment Insurance Act, the Canada Pension Plan, HR Policies, and the various Collective Agreements in force at the university
- The candidates should have knowledge of payroll administration procedures and processes and possess knowledge of collective agreements and HR policies
- The candidates should have knowledge of office productivity software and databases, internet browsers, and search engines, discipline-specific software, enterprise software, and technology devices
- The candidates should be knowledgeable about the Carleton University Retirement Plan Text and possession of a Pension Plan Administration Certificate (PPAC) or an RPA (Retirement Plans Administrator) or a C.E.B.S. (Certified Employee Benefit Specialist) designation or an equivalent certificate
- The candidates should have experience using SECLON pension administration software or similar
Responsibilities:
- The candidates should be able to provide a first point of contact for employees with pension inquiries, supporting all aspects of pension documentation and administration from enrollment to settlement over the term of the employee’s tenure
- The candidates should be able to store, update, and retrieve financial data, perform clerical duties such as maintaining filing systems, and complete, verify, and process forms and documentation for the administration of benefits
- The candidates should be able to inform employees about payroll matters and benefit plans, compile statistics and reports, and perform data entry
- The candidates should be able to calculate pension benefits, compile data, statistics, and other information, and calculate premiums, contributions, and benefits for insurance policies, pension, and superannuating plans
- The candidates should be able to respond to general inquiries from faculty, staff, and pensioners on pension benefits, retirement, and termination options, and communicate with faculty, staff, and pensioners, assisting in pension plan benefit distributions
- The candidates should be able to coordinate the day-to-day administration of the pension plan, maintain pension plan records and documents, and ensure compliance with regulations
- The candidates should be able to interface with a third-party pension platform, uploading monthly contributions data, and performing pension estimates
- The candidates should be able to assist with the preparation of annual pension statements, provide calculations for termination and retirement options, and address discrepancies in pension records or benefit calculations
- The candidates should be able to interpret the provisions of the pension plan text and any relevant legislation and regulations, ensuring legislative and fiduciary obligations are met
- The candidates should be able to exchange information and undertake reporting requirements related to Financial Services Regulatory Authority of Ontario (FSRA) and Canada Revenue Agency (CRA)
- The candidates should be able to collaborate with internal departments to ensure accuracy and maintenance of the database, coordinating updates, providing calculations, and ensuring data integrity
- The candidates should be able to coordinate benefit payments and final settlements with external stakeholders (banks, trustees, lawyers, family members) as circumstances dictate (death, divorce)
- The candidates should be able to assist with annual legislated tasks, including calculating and coordinating the payment of various indexation adjustments, preparing and distributing pension statements, and producing pension adjustments for T4s
- The candidates should be able to ensure the integrity of the database and information by performing regular data audits to ensure compliance with regulatory requirements and that pension documentation is complete, valid, and collected in accordance with best practices
How to apply:
If the position is fit for you and the basic requirements are fulfilled then you can now apply directly to the employer (along with your resume) through the below-mentioned details.
We thank all the applicants for showing their interest and trust in us, however, only the most eligible candidates will be selected and conducted for further procedure directly from employers, in between no charges/fees or original documents will be asked from any applicant. All the best!