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Pension Technician

The Saskatchewan Teachers’ Federation invites applications for a Pension Technician for our head office in Saskatoon. This position is involved in and responsible for a broad spectrum of pension activities ranging from pension administration and financial services to direct services to members through written and oral communication with regard to Saskatchewan Teachers’ Retirement Plan provisions. Specific duties may vary depending on the overall needs of the work unit.  

Primary Responsibilities

Pension Administration

  • Processes incoming benefit payments, including purchase of service and voluntary contribution payments. Prepares journal entries as required.
  • Processes payout calculations and prepares cheque requisitions. Prepares journal entries as required.
  • Extracts and reviews member data and runs the annual member statements.
  • Completes legislated reports and ensures the filings are made in a timely manner as required by the applicable legislation.

 

Financial Services

  • Processes monthly pension payments to retired members and related tax reporting.
  • Calculates annual pension adjustments, past service pension adjustments; and pension adjustment reversals.
  • Reconciles and remits weekly income tax remittances.
  • Reconciles quarterly Penfax reports to Accounting.

Member Services

  • Answers inquiries and provides information through written correspondence and oral communication with regard to Plan provisions.
  • Meets with members on an individual basis to explain the benefits they are entitled to and what the options are in relation to those benefits in terms of the Plan Text.
  • Through written and oral communication, extracts the pertinent information needed in order to determine a member’s eligibility for benefit entitlements and other pension rights such as purchases of service, transfers to other pension plans, etc.
  • Performs benefit estimate calculations and provides member with the supporting document package.

 

Remittances

  • Reviews, verifies and processes school board remittances received by STRP into automated pension administration system.
  • Prepares and provides school boards with regular edit/variance reports on incorrect member data.
  • Responds to school board inquiries on remittance information.
  • Performs monthly contribution reconciliations.
  • Updates and maintains related sections of the STF Remittance Manual.

 

Other Duties

  • Performs user testing to the automated systems to ensure Plan needs are met.
  • Assists with projects.
  • Develops and maintains knowledge and application of people services and other organizational policies and procedures.
  • Develops and maintains knowledge of the Federation’s vision, mission and values.
  • Provides back-up services for the work unit as required and carries out other duties as assigned.

 

Qualifications

An undergraduate degree in the area of business administration, economics or mathematics, combined with 2-3 years of related pension experience. A Pension Plan Administration Certificate or equivalent is preferred. Consideration will be given to those who do not have a pension designation or related experience, as training will be provided; however, the incumbent will be required to enroll and successfully complete the requirements of the Pension Plan Administration Certificate. This position requires strong customer service skills.

Skills, knowledge and abilities include:

  • Strong interpersonal skills in dealing with members, employees at all organizational levels and with officials of other organizations.
  • Proficiency in Excel and Word.
  • Strong written communication skills.
  • Demonstrated skill in arithmetic and mathematics.
  • Experience and/or training in an automated pension administration system.
  • Demonstrated ability to interpret and apply pension plan legislation, text, and policies.
  • Good knowledge of pension plan administration principles, techniques and practices.
  • Demonstrated high work standards.
  • Mature judgment.
  • High degree of initiative and motivation.
  • Demonstrated ability to work effectively as a team member.

 

The Federation offers a competitive salary plus a full range of benefits, including health care; retirement plan; group life insurance; generous vacation package; sick leave; long-term disability and paid leave to deal with family, health and sickness and compassionate situations.

As a registered employment equity employer, the Federation encourages applications from members of the following equity groups: people of Aboriginal ancestry, people with disabilities, members of visible minorities and women.

If your considerable experience and strong commitment to excellence serve to make you an exceptional candidate for this position, please complete the Careers Application Form by selecting the “Apply Now” button below. Please submit your covering letter and resume in a single PDF document. The deadline for applications is 4 p.m. on Thursday, August 15, 2019.

 

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