Reporting to the Chief Pensions Officer, the Senior Technical Pension Analyst provides detailed analysis, audit, and development of actuarial and accounting calculations for all Plans under administration. They provide interpretation, analysis, recommendations, support, and training pertaining to the historic and current interpretation and application of all Plans' Acts, regulations, and texts. They directly support the Pensions division in their work with system vendors, actuarial consulting firms, employers, members, retirees, Trustees, and external stakeholders. They provide research and advice during any development or expansion of business functionality and services.
What you'll do
Ensures that all calculations pertaining to the administration of Plans are accurate.
Supports the certification of system revisions to actuarial calculations, commuted values, transfer values, in accordance with CIA standards, plan valuation assumptions and regulatory requirements; involving external plan actuaries as needed.
Provides effective calculation support and audit of same, across the division. Deals effectively with members, retirees, employers, and stakeholders on escalated or particularly complex inquiries, e.g., supplementary pensions and marriage breakdowns.
Provides detailed legislative and impact analysis of Plans transferring into the Public Service Superannuation Plan or starting new in same. Researches best-practice pension plan rules and characteristics, in both the public and private sectors. Provides detailed findings, analysis, and recommendations as required.
Ensures that external-facing communications, including member guides, web site materials, and newsletters accurately depict in-effect Plan rules. Supports the development of annual reports, by providing transactional and member statistical data.
Develops statistical data intelligence, regarding transactional volumes and timing; supporting production of quarterly reporting and the divisional management team.
Monitors Plan Valuations, ensuring changes to actuarial assumptions, such as discount rates, are fully understood, implemented in training and educational materials, and tested/implemented in applicable systems.
Maintains, reviews, and updates ad-hoc and vendor-provided calculation programs, e.g., annuity factor program, ensuring reasonability and accuracy.
What you'll need
- University degree related to actuarial science, business, commerce, economics, finance, mathematics or accounting
- A minimum of 6 years demonstrated experience in all facets of pension administration
- Proven experience/knowledge of highly technical areas of pension plan administration including but not limited to transactional calculations, actuarial valuation reporting, complex administration functions, member and retiree taxation, pension legislation, and general actuarial practices
- Complete understanding of complex pension plans including plan rules and legislation. Preference will be given to candidates intimately familiar with Nova Scotia's Public Service Superannuation Plan, NS Teachers' Pension Plan, and Nova Scotia's Pension Benefits Act
- Advanced mathematical and financial aptitude
- Advanced analytical and problem-solving skills
- Knowledge of actuarial concepts and experience working with actuarial consulting firms
- Advanced professional communication and presentation capabilities in both technical and non-technical language
- Excellent organizational and time management skills
- Effective decision-making capability
- Advanced knowledge of Microsoft Excel; Intermediate to advanced capability of Microsoft Office Word, Outlook
- Proven ability to work collaboratively effectively in a team setting and with minimal supervision
- This position requires exceptional attention to detail
Specialty Statement: Qualified candidates will be required to participate in a Microsoft Excel and math test.
Job Status: Permanent (full-time), non-unionized
Work Arrangement: On-site working model
Closing Date: December 9, 2022
IMPORTANT: An offer of employment is conditional upon the completion of all applicable background checks and confirmation of credentials, the results of which must be satisfactory to the employer.
It is imperative that your cover letter and resume specify how your education and previous work experience qualifies you to meet the minimum qualifications in the job posting. Additionally, all screening questions must be answered appropriately to provide a full understanding of your experience. Failure to do so could result in your application being screened out of the competition. Nova Scotia Pension Services Corporation cannot make assumptions concerning your education and experience
We're looking for
A little bit about us
Nova Scotia Pension Services Corporation
Nova Scotia Pension Services Corporation administers the pension benefits and investment assets of the Teachers' Pension Plan, the Public Service Superannuation Plan, and administers the pension benefits of the Members' Retiring Allowance and the three former Sydney Steel pension plans.
We are a non-profit corporation that provides a wide range of investment, pension administration, and compliance services for some of Nova Scotia's leading pension plans. In total we manage almost $13 billion of plan assets and serve over 74,000 active members, retirees and survivors. We are jointly owned by the Teachers' Pension Plan Trustee Inc. (TPPTI) and the Public Service Superannuation Plan Trustee (PSSPTI) and are accountable to a Board of Directors, which consists of directors appointed by both the TPPTI and PSSPTI. The Board of Directors oversees our ongoing use of strong controls and risk management practices, transparent reporting and prudent management of pension plans expenses.
Are you interested?
Work With Us
We are committed to fostering a diverse, inclusive, accessible environment where all employees and clients feel valued, respected and supported. We encourage people from diverse communities to apply and invite applicants to self-identify.
We are committed to ensuring accommodations are made available to persons with disabilities during the recruitment, assessment and selection processes and will provide reasonable accommodation upon request. Please let us know at any point during the application process if you require accommodation.
Further information about our organization can be found at: http://www.novascotiapension.ca/
We offer an excellent working environment where work life balance within the workplace is valued. Our people and their commitment to quality work is what drives our success.
Our comprehensive remuneration package includes health and dental benefits, life insurance, long and short-term disability, health spending account, an employee and family assistance plan, generous leave benefits, and an excellent defined benefit pension plan. We also offer opportunities for professional growth with an education assistance program. Certain positions are eligible to apply for a modified work schedule.
Our premises are within the Purdy's Wharf complex which provides amenities such as an on-site daycare and a gym. Our office is connected to the downtown pedway system and situated close to Halifax's beautiful waterfront providing easy access to ferry and bus transit hubs, banks, restaurants, shopping, dental and medical clinics