Professional Consulting - Toronto

Our Client in the Banking and Finance Industry is seeking a Group Annuity Analyst for their Downtown Toronto office. This is a 18 months contract to start, possible extension OR Permanency
 
 
GROUP/PROJECT INFO:
Our Banking Client’s Life Assurance’s Group Retirement Solutions (GRS) business develops and implements de-risking solutions for defined benefit pension plans. To support this growing business, Bank’s Life Assurance is seeking a Group Annuity Analyst to join the Group Retirement Solutions team that is responsible for Benefit Administration; this is part of the Actuarial Pricing department.
 
Reporting to the Head of Client Relations, the successful candidate will support the business administration & implementation of new groups. The incumbent will also participate in other special projects as assigned.
This role is accountable for providing, business management, client relations support and process improvement.  This is achieved by working closely with Group Annuity Clients, Actuarial Consulting Firms, Group Annuity Pricing Team, Customer Service Center and providing support where required.

CULTURE: 
• Team collaborative environment – team of 4
EVP (Employee Value proposition):
• Great opportunity to grow and great exposure to many different groups/client

RESPONSIBILITIES INCLUDE (but are not limited to):
• Business Management
• Handle inquiries from external Consulting Firms and internal partners in regards of group annuity 
• Handle the monthly reconciliations of health premiums and secondary insurer payments for active groups
• Maintain up to date data records of ongoing changes that impact pricing (premium reconciliation process)
• Act as an Client Relations liaison between other Bank’s departments on special projects or initiatives

B. New Business Support and Reporting
• Develop, analyze and provide management information reports as needed
• Prepare Database and files to facilitate data transfer
• Prepare contract documentation to be sent to new policyholders
• Prepare annual reports to be sent to annuitants
• Carry out functions with an extremely high sense of urgency
• Work in tandem with Customer Service Center to support the New Business Implementation process

C. Process improvement
• Provide expertise and insight to support process improvement
• Act as a Bank’s Insurance liaison with external vendors providing services to Bank’s Insurance in order to improve business process or develop new markets

TOP SKILLS / EXPERIENCE:
• 3 or more years of experience in pension administration (Defined Benefit) or Group Annuity
• Good knowledge of the regulatory and tax requirements
• Advanced Microsoft Excel and Word skills
• Experience with an in house Pension plan/ or large corporation/consultant

NICE TO HAVE SKILLS/EXPERIENCE:
• Good knowledge of group annuity products and sales channels
• French (oral & written) is a definite asset
• Good knowledge of the regulatory and tax requirements from a pension perspective
• Actuarial (how pensions are calculated) background

SOFT SKILLS:
• Strong written and verbal communication skills
• In-depth analytical and problem-solving skills
• Strong relationship management skills
• Excellent organization skills
• Keen attention to detail.

EDUCATION/CERTIFICATIONS:  
• Undergraduate university degree
• Pension industry and Life insurance related education (e.g.: CEBS, LOMA,) is an asset
• Knowledge of Bank’s Insurance systems (CAPSIL, Work Management and Alias) is an asset.

To Apply, Please send your resume to:  a.ravi@maxsys.ca

 

Position Type Contract
Application Deadline January 31, 2019
Experience Required 2 years
Job Duration 1 year
Education Required Bachelors