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Job Snapshot

Employee Type - Full-Time EmployeeEducation - 4 Year DegreeExperience - NoneIndustries - Health Care, Professional Services, Finance

Description

Junior Defined Benefit Pension Administration Specialist

Junior Defined Benefit Pension Administration Specialist

BUCK - A 102-year-old firm that is JUST GETTING STARTED. 

Junior Defined Benefit Pension Administration Specialist  -  Outsourcing Practice

At Buck, our people make the difference. Founded over 100 years ago, we help deliver on the promise of tomorrow...today. Our integrated HR consulting, benefits administration and technology services allow us to deliver on the MANY needs of our clients by drawing on our strength, DIVERSITY, and experiences in creating outcomes. This means we meet our clients where they are in the creation of their future while being respectfully bold in providing practical solutions to new realities. We honor our commitments and leave things better than when we started. We are a team of difference makers in global locations that have each other's backs working together as a team. What's your next move? 

We have many open positions; please take a look at jobs.buckglobal.com/

Job Summary: Responsible for day-to-day and cyclical administration processes for our clients' pension plans. You will also be exposed to excellent growth and development opportunities when partnering with others in the overall planning of new projects and processes.

Key Job Responsibilities/Job Description:

  • On-going administration of small/medium/large defined benefit pension plans
  • Calculate benefits (termination of employment, retirement, death, etc.) and prepare event statements in a timely and accurate manner
  • Prepare payment authorizations for retirements, terminations and deaths
  • Participate in the preparation of annual statements for active and inactive plan members
  • Calculate pension adjustments (PA), pension adjustment reversals (PAR), and past service pension adjustments (PSPA)
  • Create/update process documentation related to assigned tasks/projects
  • Produce ad hoc reports
  • Perform user acceptance testing
  • Address quality issues as they arise
  • Maintain a high level of professionalism and sense of urgency to ensure client and/or participant expectations are consistently met
  • Manage workload and priorities in a high pressure, high volume environment
  • Ensure all work is peer-reviewed;
  • Back up and support other team members, as required
  • Participate in training, special projects and other duties as assigned by the manager

Qualification Requirements:

  • University degree or college diploma with demonstrable mathematical aptitude (actuarial science/mathematics degree is an asset) and/or related work experience
  • Experience in Defined Benefit pension plan administration an asset
  • Intermediate level proficiency in MS Word and Excel
  • Ability to meet deadlines
  • Strong accounting and mathematical skills
  • Proven relationship building skills
  • Ability to handle and manage multiple tasks simultaneously
  • Client satisfaction focus and team-oriented work style
  • Ability to remain poised, patient, empathetic, tactful and composed while handling escalated issues
  • Solid oral and written communication skills - with particular emphasis on articulation and grammar
  • High ethical standards
  • Enjoy working in a fast-paced environment

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability or protected veteran status, or any other legally protected basis, in accordance with applicable law.

At Buck, we’re exclusively focused on helping our clients and their people succeed together. By this, we mean we’re partnering with some of the world's most forward-thinking companies to re-envision and re-design the way that employees work and live. And we’re doing this by finding the right combination of consulting, outsourcing, and technology solutions to help our clients realize the best organizational performance for their businesses while driving positive health, wealth, and career outcomes for their people.

Requirements

Job Summary: Responsible for day-to-day and cyclical administration processes for our clients' pension plans. You will also be exposed to excellent growth and development opportunities when partnering with others in the overall planning of new projects and processes.

Key Job Responsibilities/Job Description:

  • On-going administration of small/medium/large defined benefit pension plans
  • Calculate benefits (termination of employment, retirement, death, etc.) and prepare event statements in a timely and accurate manner
  • Prepare payment authorizations for retirements, terminations and deaths
  • Participate in the preparation of annual statements for active and inactive plan members
  • Calculate pension adjustments (PA), pension adjustment reversals (PAR), and past service pension adjustments (PSPA)
  • Create/update process documentation related to assigned tasks/projects
  • Produce ad hoc reports
  • Perform user acceptance testing
  • Address quality issues as they arise
  • Maintain a high level of professionalism and sense of urgency to ensure client and/or participant expectations are consistently met
  • Manage workload and priorities in a high pressure, high volume environment
  • Ensure all work is peer-reviewed;
  • Back up and support other team members, as required
  • Participate in training, special projects and other duties as assigned by the manager

Qualification Requirements:

  • University degree or college diploma with demonstrable mathematical aptitude (actuarial science/mathematics degree is an asset) and/or related work experience
  • Experience in Defined Benefit pension plan administration an asset
  • Intermediate level proficiency in MS Word and Excel
  • Ability to meet deadlines
  • Strong accounting and mathematical skills
  • Proven relationship building skills
  • Ability to handle and manage multiple tasks simultaneously
  • Client satisfaction focus and team-oriented work style
  • Ability to remain poised, patient, empathetic, tactful and composed while handling escalated issues
  • Solid oral and written communication skills - with particular emphasis on articulation and grammar
  • High ethical standards
  • Enjoy working in a fast-paced environment

Related Keywords:

Pension, Defined Benefit, Excel

 
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