New Job Pension Administration Technical Specialist In Prince Edward Island

Pension Administration Technical Specialist opportunity with The Government of Prince Edward Island!

• $31- $38 an hour
• Full Time Permanent with Pension
• Relocation Assistance
• Training and Development Funds
• and much more!

The PEI Department of Finance aims to encourage the development of an innovative, diverse and inclusive workforce which enables the organization to realize its goals.

Reporting to the Operations Manager, this position is responsible to monitor and report on the delivery of pension administration services delivered to plan members against established service delivery standards and provide support to the Pension Officer II with respect to member counselling and payroll processing.

Duties will include:

• Maintain and report to the Operations Manager on all operational aspects to ensure quality service delivery in keeping with established legislation, regulations, policies, and procedures;
• Serve as a day-to-day support to the Operations team with respect to the consistent interpretation of the two registered defined benefit pension plans (Public Sector Pension Plan and Teachers’ Pension Plan);
• Maintain and test all internally developed calculators for functionality and version control;
• Support with the development of the annual payroll calendar, ADES payroll processes and annual pension indexation;
• Monitor workflow and various transactions for completion and identify gaps in service levels and staff training to meet the changing needs of the section and identify opportunities to become more efficient;
• Assist the Pension Officer II to carry out final audits of benefit entitlement calculations and counselling to members regarding their retirement entitlements;
• Liaise with third party providers to ensure service continuity and compliance when system updates are required as outlined by the Operations Manager;
• Undertake periodic audits of procedures to ensure all legislation, regulation and policy are adhered to and member benefits are within the limits of the Income Tax Act, the Registered Pension Plans Secretariat, and related pension plan legislation and associated regulations and policy (e.g. PEI Public Service Pension Plan Act and PEI Teachers’ Pension Plan Act);
• Deliver difficult information as required (e.g. when a member challenges his/her benefit entitlement, confirming the marital status of a deceased member, etc.), within the confines of the legislation, regulations, and policy and receive service complaints for review by the Operations Manager;
• Other related duties as required.

Minimum Qualifications:

• An undergraduate degree in business administration, finance, mathematics, computer science, public administration, or other related area;
• Demonstrated equivalencies will be considered;
• Extensive experience in a Defined Benefit pension administration environment as a subject matter expert;
• Considerable experience providing explanations and information to members in a professional manner, while being mindful to sensitive situations, privacy, and access;
• Knowledge of the principles and procedures related to benefit administration including Acts, Regulations, policy, reciprocal transfer agreements, etc.;
• Possess an understanding of basic accounting principles with demonstrated skill in arithmetic and mathematics;
• Computer proficiency with high level of competence in Microsoft Office applications (specifically Word, Excel and Outlook); and experience learning customized software systems;
• Demonstrated ability to organize and prioritize work and to take initiative to recommend workflow efficiencies;
• Experience presenting complex pension concepts to members whether one-on-one or in an information session format;
• Strong analytical and problem-solving skills;
• Applicants must have a good previous work and attendance record. The successful candidate must provide a satisfactory criminal record check prior to beginning of employment.

Other Qualifications:

• A Pension Plan Administration Certificate (PPAC) or a Certified Employee Benefit Specialist Certificate (CEBS) designation is an asset;
• Experience processing pension payroll, termination benefits for payment or working in a unionized environment is an asset;
• Peoplesoft, Listpro or Ariel experience are an asset;

Please Note: Please ensure the application clearly demonstrates how you meet the noted qualifications as applicants will be screened based on the information provided. The successful candidate will be the only individual receiving written notification of competition results. The "Notification of Successful Candidates" list posted on the Employment Opportunity board will serve to inform all other applicants of competition results.

Job Types: Full-time, Permanent

Salary: $31.16-$38.96 per hour

Benefits:

• Company pension
• Dental care
• Disability insurance
• Employee assistance program
• Extended health care
• Language training provided
• Life insurance
• On-site parking
• Paid time off
• Relocation assistance
• Vision care
• Wellness program

Flexible Language Requirement:

• French not required

Schedule:

• 8 hour shift
• Monday to Friday

Ability to commute/relocate:

• Charlottetown, PE C1A 1R2: reliably commute or plan to relocate before starting work (required)

Education:

• Bachelor's Degree (required)

Experience:

• benefits administration: 1 year (required)

Work Location: In person

Application deadline: 2023-06-28