Pension Administrator (Small Cases)

Summary

Oversee the administration of the assigned portfolio of pension plans and satisfy all servicing needs of the corporate client.

Responsibilities

• • Reconcile terminations, death, retirement deposits and membership.
• • Monitor the processing of benefit payments within portfolios and provide updates to clients as needed.
• • Prepare client reports up to the date of closing and data for actuarial valuation.
• • Prepare an overview of the process and schedules of payment for the client.
• • Prepare amendments, analyze, review and implement changes to trust deeds and contracts for approval and submission to the Commissioner of Taxpayer Audit and Assessment.
• • Prepare statements and other reconciliation data for the Pensions Actuary to undertake valuations.
• • Establish plan of approval for all new plans.
• • Respond to correspondence from regulatory bodies.
• • Liaise with the Regulatory Compliance Department regarding any matters from the Financial Services Commission (FSC) requiring attention.
• • Work with manager in managing and maintaining client relationships.
• • Conduct initial systems set up and update client databases.
• • Ensure deposits and withdrawals are correctly posted and that the correct amounts are applied.
• • Prepare customized reports for clients.
• • Ensure the timely collection of deposits and liaise with clients regarding outstanding amounts.
• • Inform or remind clients of data to be submitted and communicate with clients about the receipt of, or need for additional information.
• • Ensure accurate maintenance of plan files and member records.
• • Calculate and collect all administrative charges.
• • Perform other related duties assigned from time to time.

Required Skills

• • Ability to understand and utilize pension specific software, would be an asset.
• • Excellent communication skills.
• • Good time management skills.
• • Sound knowledge of standard personal computer software applications including spreadsheet and word processing applications.

Qualifications

• • Bachelor’s Degree in Accounts or Mathematics, or an equivalent qualification from a recognized tertiary institution.
• • LOMA level I or certification in other industry specified courses.
• • Minimum three (3) years’ experience in a similar capacity.

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