The opportunityThe Pension Fund Administration team governs and manages the activities to ensure the timely processing and accurate maintenance of the benefit payments and contribution records. The Senior Pension Fund Administrator plays a critical role in supporting the full execution of the pension payroll and funds coming into the plan from members and employers on an accurate and timely basis. This role also works closely with various internal and external teams to provide accounting expertise, resolve complex issues, conduct data analysis and prepare relevant reporting.Who you'll work withThe Senior Pension Fund Administrator will report to the Manager, Pension Administration, Payroll & Records ManagementWhat you'll doEmployer Remittances AdministrationWith support of the Pension Fund Administration Analyst & Pension Fund Administrator, ensures employer remittances administration activities are actioned with accuracy and timeliness due to impacts to OTPP Financial Reporting & Tax Reporting for the Registered Pension Plan (RPP) and the Retirement Compensation Arrangement (RCA)Monitor employer remittances and provide guidance to Records Management (RM) team for payment log-inMonitor, investigate and resolve employer remittance payment discrepancies (i.E. auto-apply failures, over- or under-payments, lateness, etc.) by collaborating with Employer Experience (EE)Plan, coordinate and prioritize application of Federation Strike Payments with various departmentsQuery, consolidate, calculate and prepare journal entries relating to employer remittance payments (i.E. 50% RCA tax, matching purchases, foregone inflation, etc.)Perform month end GL accounts reconciliation with respect to employer remittance paymentsCollaborate with cross-functional teams to obtain required data for employer remittance payments for appropriate allocation of funds to RCACash ForecastingQuery and consolidate data for various cash forecasting reportsPerform data analysis on trends and consult with cross-functional departments if irregularities are observedCommunicate status to cross-functional departments such as the Financial Operations team to advise on available funds for investment dealsCompliance / Audit SupportAssist with the preparation of various reports and responses as required for compliance or audit purposesGovernment BillingAssist with the annual preparation of RPP & RCA Government BillParticipate in cross-functional department meetingsPension Payroll:With support of the Pension Fund Administration team, ensure the accurate gross to net calculations and on time pension payments for pensioners, survivors, ex-spouse and child survivors, as required by the Teachers' Pension Plan Act (TPA), Income Tax Act (ITA), Family Law Value Act (FLV) and Family Responsibility and Support Arrears Enforcement Act.Process monthly payroll for pensioners and survivors including statutory deductions, garnishments, support and custody orders, optional 3rd party deductions for advantages and professional feesReconcile data based on pre-file error reports and resolve differencesReview and correct errors and discrepancies in pension services reports according to necessary schedulesEnsure spousal split agreements are implementedMeet established levels of service delivery by setting priorities and through follow upAssist payroll service provider (RBC) to resolve on-going issues including returned payments and tax slips (T4A/NR4's, etc.)Support the completion of the retro payroll runs, monthly reconciliations and reportingAssist with year-end processing and reconciliationAssist with the annual inflation adjustment process for all pensionersKeep current with legislation and reporting requirementsContinuous ImprovementIdentify & implement continuous improvement opportunitiesDocumentation & Training SupportSupport the creation and maintenance of internal proceduresSupport the training to new team membersWhat you'll needMember Payment Activities SupportOccasionally provide support / coverage to Pension Fund Administration Analyst or Administrator on activities relating to Member PaymentPost-secondary education with a focus in Business Administrator/ AccountingAt least 4 years of accounts receivable or payroll experienceStrong knowledge and understanding of the Income Tax Act and various provincial legislation requirements in relation to Pension Fund AdministrationStrong knowledge of the principles and practices of accounting with strong mathematical aptitudeExceptional communication skills, both verbal and writtenProven analytical skills with attention to detailProven organizational skills and demonstrated ability to prioritize and manage multiple tasks simultaneously to meet deadlines High degree of confidentially and discretionAdaptability to changeAbility to take direction and follow established procedures and regulationsProficient understanding of the Teachers' Pension Act (TPA), board policies/procedures and internal workflow processesProven results in raising and maintaining good relationships in direct and indirect teams' structuresWhat we're offeringThis position is eligible for base salary and annual incentive based on individual and enterprise performance. Base Salary starting at $89,500 with future opportunity of up to $101,900.Competitive compensationNumerous opportunities for professional growth and developmentA flexible work environment combining in office collaboration and remote workingOur Flexible Travel Program gives you the option to work abroad in another region/country for up to a month each yearEmployee discount programs including Edvantage and PerkopolisAt Ontario Teachers', diversity is one of our core strengths. We take pride in ensuring that the people we hire and the culture we create, reflect and embrace diversity of thought, background and experience. Through our Diversity, Equity and Inclusion strategy and our Employee Resource Groups (ERGs), we celebrate diversity and foster inclusion through events for colleagues to connect for professional development, networking & mentoring. We are building an inclusive and equitable workplace where our talent is respected, accepted and empowered to be themselves. To learn more about our commitment to Diversity, Equity and Inclusion, check out Life at Teachers'.Functional Areas:Member ServicesVacancy:CurrentRequisition ID: 7263#LI-RM1

📌 Senior Pension Fund Administrator - 12-Month Contract (Toronto)
🏢 Ontario Teachers'
📍 Toronto