Sr. Specialist, Pension Accounting - Operations (12-month Contract)
at Healthcare of Ontario Pension Plan HOOPP
Toronto, ON, Canada -
Start Date | Expiry Date | Salary | Posted On | Experience | Skills | Telecommute | Sponsor Visa |
---|---|---|---|---|---|---|---|
Immediate | 25 Sep, 2024 | USD 2500 Annual | 27 Jun, 2024 | 2 year(s) or above | Good communication skills | No | No |
Required Visa Status:
Citizen | GC |
US Citizen | Student Visa |
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OPT | H4 Spouse of H1B |
GC Green Card |
Employment Type:
Full Time | Part Time |
Permanent | Independent - 1099 |
Contract – W2 | C2H Independent |
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Contract to Hire – Corp 2 Corp |
Description:
Why you’ll love working here:
- high-performance, people-focused culture
- our commitment that equity, diversity, and inclusion are fundamental to our work environment and business success, which helps employees feel valued and empowered to be their authentic selves
- learning and development initiatives, including workshops, Speaker Series events and access to LinkedIn Learning, that support employees’ career growth
- membership in HOOPP’s world class defined benefit pension plan, which can serve as an important part of your retirement security
- competitive, 100% company-paid extended health and dental benefits for permanent employees, including coverage supporting our team’s diversity and mental health (e.g., gender affirmation, fertility and drug treatment, psychological support benefits of $2,500 per year, and newly extended maternity/parental leave top of 26 weeks)
- optional post-retirement health and dental benefits subsidized at 50%
- yoga classes, meditation workshops, nutritional consultations, and wellness seminars
- access to an annual wellness reimbursement program for health and wellness-related expenses for permanent and temporary employees
- the opportunity to make a difference and help take care of those who care for us, by providing a financially secure retirement for Ontario healthcare workers
Job Summary:
Reporting to the Manager, Pension Accounting, the Senior Specialist, Pension Accounting Operations is primarily responsible for the execution/processing of:
1. Daily banking transactions such as incoming employer/member contributions, recovered benefit overpayments, and updating benefit payments status in the pension administration system;
2. Pension benefit payments and associated taxes; and
3. Refunds to members/employers.
What you will do:
Pension Accounting Operations
- Process incoming payments which include contributions from employers and members and recovered benefit overpayments and ensure these are recorded accurately, completely and in a timely manner in all financial systems.
- Process all pension benefit payments (monthly pension payroll, terminations, transfers, etc.) and associated taxes and ensure these are recorded appropriately in all sub-ledger systems and the general ledger.
- Update member benefit payment records for any payment status changes (returned/missing/ cleared cheque payments) in the pension administration system.
- Process contribution refunds to employers or members and ensure these are processed accurately, completely, and timely manner as per approved instructions from Plan Operations.
- Work with various stakeholders within and outside of HOOPP to ensure that pension transaction related issues are identified, investigated, escalated as needed, and resolved in a timely manner.
- Collaborate with the Plan Operations team to ensure service level agreements are understood, maintained and adhered to that would ensure positive employer/member experience.
- Provide support to other team members in addressing/resolving operational issues and member inquiries or concerns. Document and maintain business procedures relevant to the job function.
- Participate in team initiatives or special projects when required.
Governance, Risk and Controls:
- Recommend ways to improve the efficiency of operational processes while ensuring strong internal controls remain and assist in the implementation upon approval by the Manager.
- Update pension process narratives and participate in the quarterly ICFR attestation on core pension processes in support of the ICFR program, as delegated
- Assist the divisional audit contact for Pension Accounting in responding to questions and providing information relating to pension accounting processes requested by internal and external auditors, as delegated
- Assist in the department business continuity program on assigned processes, as appropriate, and participate in the plan readiness as required.
What you bring:
- University degree in Finance or Business.
- 2+ years’ finance industry experience.
- Proficiency in Microsoft office products (Excel, Word, PowerPoint, Planner, Outlook).
- Experience in large ERP with good understanding of sub-ledger to GL process flow an asset
- Experience in an automated Pension environment an asset
- Detail-oriented, organized, and thorough in managing deliverables.
- Strong interpersonal and communication skills (verbal and written) with the ability to build relationship with team members and stakeholders.
- Self-motivated, highly focused, ability to deliver with little to no direction.
- Strong ability to effectively collaborate in a remote environment.
- Ability to manage routine and high-volume work while meeting tight deadlines
- Eager to learn and willing to assume expanded responsibilities as required.
Responsibilities:
Please refer the Job description for details
REQUIREMENT SUMMARY
Min:2.0Max:7.0 year(s)
Accounting
Accounts / Finance / Tax / CS / Audit
Accounts Management
Graduate
Finance or business
Proficient
1
Toronto, ON, Canada