Pensions Analyst

Role Overview

• Reporting to the Senior Pension Analyst, maintain employee and retiree pension records.
• Perform accounting and pension functions associated with OMERS, HWRF, HMRF, and Transit pension plans in accordance with legislation, employer policies, and Collective Bargaining Agreements.
• Maintain confidential records such as employee and retiree pension benefits.
• Conduct pre and post retirement consulting for employees.
• Receive and answer enquiries from staff, other departments, pensioners, financial institutions and government agencies.
• Calculate pension benefit payments, pension refunds and remittances.
• Compose correspondence, compile statistics.
• Control and reconcile pension benefit payments.
• Liaise with Actuaries, Plan Administrators and Pension Committees.
• Prepare journal vouchers for pension deductions and remittances.
• Complete forms such as pension benefit applications, cheque requisitions, pension enrolment and beneficiary benefits.
• Process termination, retirements and death claims.
• Input, manipulate and retrieve pension data.
• Balance and remit pension contributions.
• Analyze and reconcile general ledger accounts to payroll system.
• Prepare pension benefit statements.
• Calculate, verify and analyze employee contributions, credited service and pensionable earnings.
• Verify, adjust and balance pensioners' Revenue Canada T4A Information Slips.
• Interpret pension plan text and legislation.
• Make presentations at retirement seminars.
• Recover shortfalls in pension deductions.
• Perform other duties as assigned which are directly related to the major responsibilities of the job.

Requirements

• Demonstrated knowledge of accounting procedures and principles at an intermediate level normally acquired through a combination of education and related work experience.
• Must possess a developed understanding of business accounting concepts and have an aptitude in mathematics.
• Knowledge of Pension legislation and/or OMERS Pension Plan Administration preferred.
• Must have an intermediate level of working knowledge in Microsoft Office (Outlook and Word).
• Must have an advanced level of knowledge in Microsoft Excel.
• Must be able to create spreadsheets and manipulate data within multiple spreadsheets using various advanced excel functions, formulas and features, such as vlookup and pivot tables.
• Must possess good communication skills, both written and verbal, delivered with sensitivity and compassion.
• A high degree of sensitivity and confidentiality is required.