SENIOR PENSION ANALYST
Financial and Consumer Affairs Authority of Saskatchewan (FCAA)
The Financial and Consumer Affairs Authority of Saskatchewan (FCAA) protects consumers and the public interest and supports economic well-being through responsive marketplace regulation. FCAA enhances consumer protection through licensing, registration, disclosure, audit, complaint handling and enforcement activities pursuant to various provincial statutes.
The Pensions Division supervises approximately 500 pension plans, including defined benefit plans, defined contribution plans, and target benefit plans. FCAA is currently is seeking an enthusiastic and self-motivated Senior Pension Analyst who will embrace a variety of work and aid the organization in promoting compliance with The Pension Benefits Act, 1992. Under the guidance of the Director, you will be exposed to a wide variety of work regulating pension plans sponsored by Saskatchewan employers for their employees. Your role will include:
• analyzing pension plan contracts to ensure compliance with legislation;
• analyzing actuarial valuation reports to ensure that plans are being funded in accordance with actuarial standards, legislation and contracts;
• planning and conducting examinations of pension plans to assess their management, governance and compliance practices;
• providing advice to plan sponsors on pension plan terminations and mergers;
• researching complex pension matters; and
• taking initiative in problem-solving and make policy recommendations.
As the successful candidate, you will have knowledge of pension plan design, administration, funding and governance. This knowledge will allow you to determine whether pension plan contracts and actuarial valuations comply with legislation, and whether plan administrators are carrying out their duties as required by law. You will have strong mathematical and analytical skills in order to review, interpret and evaluate financial data and legal documents.
Typically, the knowledge and abilities required would be obtained through a university degree in business administration, commerce, actuarial science and/or an equivalent combination of relevant education and experience. A designation of Certified Employee Benefit Specialist (CEBS) or a Pension Plan Administration Certificate (PPAC) would be an asset. In-depth knowledge of the design and operation of defined contribution and defined benefit plans, as well as a general knowledge of retirement savings products, would be a definite asset.
• Competitive compensation. The salary range for this position is $36.61 to $45.87 per hour;
• Comprehensive health benefits including life insurance, medical, dental, extended health plan, and long term disability;
• Employee pension plan;
• Access to on-site gym and pool facilities at a reduced rate;
• Professional development opportunities;
• Positive workplace, upbeat corporate culture;
• Career growth potential; and
• Excellent work-life balance.
The successful candidate will be required to undergo a criminal record check.