Pension Calculations Specialist

at  Pacific Blue Cross

ABOUT PACIFIC BLUE CROSS

Pacific Blue Cross (PBC) has been British Columbia’s leading benefits provider for over 80 years. We are an independent, not-for-profit society with strong roots in BC’s health care system. We provide health, dental, life, disability, and travel coverage to 1 in 3 British Columbians through employee group plans and individual plans.
We are fueled by a commitment to keep health care sustainable for all British Columbians. Through our PBC Health Foundation, we fund projects that improve health outcomes directly related to mental health and wellbeing as well as the prevention and/or management of chronic disease. We are interested in finding people who want to make a difference and who are looking to grow their career with us.

JOB SUMMARY

Under the general supervision of the Manager, Pension, the Pension Calculations Specialist provides complex technical analysis and pension calculations services for members of D.A. Townley-administered pension plans on request or upon member retirement, termination, or death. Reconciles pension payments, lump sum payouts, and transfers against the custodial pension registers and financial statements. Determines eligibility on an annual basis for members qualifying for transfer deficiency payments for the funded or unfunded portion of selected pension plans. Calculates pension adjustment (PA)/pension adjustment reversal (PAR) amounts. Prepares year end pension reconciliations for selected plans and generates contributor statements of status and amounts paid into the plan. Prepares and submits provincial reporting in accordance with pension regulations. Calculates annual cost of living adjustments for pensioners of affected pension plans and forwards required adjustments to the plan custodian for action. Prepares data for tri-annual actuarial valuation, or upon request, for the plan actuary including a full reconciliation of membership, hours, contributions, and pension benefits since the last valuation. Performs selected duties of the Pension Administrator.

QUALIFICATIONS

• Completion of a bachelor’s degree in Actuarial Sciences, or an equivalent discipline, including a business communications course and demonstrated proficiency with advanced Excel and intermediate Word.
• 2 years of previous related experience in an actuarial or pension administration environment analyzing and producing complex pension calculations.
• Demonstrated mathematical skills.
• Demonstrated critical thinking skills gained through the successful application of problem-solving methods such as problem analysis, logic, and judgment.
  If you’re excited about taking on this opportunity, we invite you to apply today and start the conversation with us about this position.
  Please apply via our website this week at http://www.pbchbs.com/company/careers/
  While we thank all applicants for their interest, only short-listed candidates will be contacted.