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We are a purpose-driven, dynamic and sustainable pension plan. An industry leading global investor with teams in Toronto to London, New York, Singapore, Sydney and other major cities across North America and Europe. We embody the values of our 640,000 members, placing their best interests at the heart of everything we do.
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Position Title: Pension Accounting and Payroll Specialist
Division: Pensions
Reports To: Manager, Pension Accounting and Payroll
SCOPE OF POSITION
Reporting to the Manager, Pension Accounting and Payroll, this position is responsible for processing the cheque and electronic remittances for members and employers, including monthly contributions, service purchases, and AVC’s. In this role, the Pension Accounting and Payroll Specialist executes business processes using OMERS systems; interacts with other teams across the Pension Division, as well as external clients, and is a key contributor to the professional services delivery and teamwork environment.
PRINCIPAL FUNCTIONAL RESPONSIBILITIES
Processes and authorizes (i.e. peer review) transactions accurately for all functions, including those with high financial risk and high impact to the employer or member
Analyze data to identify issues and work with the appropriate people to problem solve
Reviews, interprets and reconciles all supporting documents, and department and corporate policies, effectively utilizing pension administration systems and other related OMERS technology, to ensure accurate processing of remittances
Responds to employer inquiries, researches and analyzes data to resolve issues
Demonstrates sound judgment and diplomacy when dealing with client issues in order to provide timely and accurate responses
Reviews documentation/correspondence from employers for accuracy and completeness and, if required, follows up for missing or incomplete documents/information
Work collaboratively with peers by sharing information and communicating in an open, honest, and professional manner
Uphold and demonstrate OMERS vision and core values while developing a good rapport with internal teams as well as with our employers, members, and financial institutions
Develops short term plans to assist with day-to-day tasks and ensuring that Service Standards are met
Identifies ways to streamline processes and work more effectively across our team to better serve our members
Be flexible to take on additional tasks, which includes assisting other teams, as required
Develops a deep understanding of how the OMERS pension plans are administered to provide accurate and timely support
Communicates regularly with ADP regarding member payments
RELATIONSHIP RESPONSIBILITIES
Maintain an effective working relationship within the Pension Division and with other areas of OMERS, including but not limited to Member Experience, Pension Legal and Plan Policy, Employer Experience & Stakeholder Relations, and Quality Assurance & Controls
Frequent interaction with employers, payroll provider, and financial institutions
QUALIFICATIONS
Post-secondary education, with concentration in accounting preferred, or equivalent work experience
Strong written and verbal communication skills
Strong technical skills including basic knowledge of Excel
Excellent organization, planning, analytical and problem-solving skills
Detail oriented
A team player able to operate in a fast-paced environment with numerous priorities and deadlines
Self-starter with the ability to take initiative to work on complex cases or projects
This posting is for an existing vacancy.
The expected salary range for this position is $62,000.00 - $92,000.00 per year.
You may also be eligible to receive an annual Incentive Award pursuant to our Short-term Incentive plan and our Long-Term Incentive plan (if applicable), and to participate in our group benefits and retirement plans – details on these elements of compensation are included within OMERS & Oxford offer letters.
As one of Canada’s largest defined benefit pension plans, our people-first culture is at its best when our workforce reflects the communities where we live and work — and the members we proudly serve.
From hire to retire, we are an equal opportunity employer committed to an inclusive, barrier-free recruitment and selection process that extends all the way through your employee experience. This sense of belonging and connection is cultivated up, down and across our global organization thanks to our vast network of Employee Resource Groups with executive leader sponsorship, our Purpose@Work committee and employee recognition programs.
Artificial intelligence (AI) tools are used to support certain stages of the OMERS recruitment process. While AI assists us in our process, human judgment and decision-making remain central to our candidate experience.
