# Pension Analyst - Terminations

**Company**: Royal Bank of Canada (RBC)
**Location**: Mississauga, Ontario
**Job type**: full-time
**Category**: Human Resources
**Industry**: Finance

**Apply**: https://rbc.wd3.myworkdayjobs.com/en-US/RBCGLOBAL1/job/MISSISSAUGA-Ontario-Canada/Pension-Analyst---Terminations_R-0000190980-1?utm_source=yubhub.co&utm_medium=jobs_feed&utm_campaign=apply
**Canonical**: https://yubhub.co/jobs/job_a987e585-a4c

## Description

As the Pension Analyst - Terminations, you will be responsible for pension terminations and pre-retirement death benefit processing, payments made to former plan members, as well as re-occurring monthly activities, ensuring accuracy and confidentiality.

**Responsibilities:**

- Accurately calculate and process pension packages for terminating RBC defined benefit plan members within 30 days of termination processing.

- Accurately calculate pension entitlement for beneficiary of deceased RBC defined benefit plan members within 30 days of receipt of notification of death.

- Accurately calculate and process pension payouts for employees terminating from RBC Pension Plans.

- Accurately prepare and distribute PARs to employees following termination from all RBC pension plans.

- Review the rehired reports to ensure letters are not sent and/or values are not paid out.

- Ensure that report of new enrolments for the Caribbean Plan is directed to appropriate parties.

- Second signoff on termination payouts.

- Ensure tracking and reporting of all deferred pension elections and payouts by custodian are accurate and up-to-date.

- Ensure follow-up letters are sent to RBC pension plan terminated members who have not responded.

- Review and maintain department procedures on a quarterly basis.

- Act as back up for other processes in the department.

- Assist with other projects as assigned.

**Requirements:**

- Well organized with the ability to prioritize work effectively

- Good oral and written communication skills/computer skills

- Strong decision making ability and ability to take the task to completion with minimal instruction

- Good understanding of Pension Standards Act, ITA and provincial pension legislation.

- Self-starter

- Strong PC skills (Microsoft Excel, Word)

**Nice to Have:**

- SAP knowledge

- Business Knowledge Functional Expertise

- Pension Plan Administration Certificate

- Understanding of actuarial concepts

- RBC net & HR Self-Serve Tools

- Knowledge of RBC Pension Program

**What's in it for you?:**

- Opportunities to do challenging work

- Opportunities to take on progressively greater accountabilities

- Opportunities to building close relationships with clients

- Access to a variety of job opportunities across business and geographies

## Skills

### Required
- Communication
- Data Gathering Analysis
- Detail-Oriented
- Insurance Finance and Actuarial Concepts
- Operational Delivery
- Annuities

### Nice to have
- SAP knowledge
- Business Knowledge Functional Expertise
- Pension Plan Administration Certificate
- Understanding of actuarial concepts
- RBC net & HR Self-Serve Tools
- Knowledge of RBC Pension Program

---

Source: [Apply at rbc.wd3.myworkdayjobs.com](https://rbc.wd3.myworkdayjobs.com/en-US/RBCGLOBAL1/job/MISSISSAUGA-Ontario-Canada/Pension-Analyst---Terminations_R-0000190980-1?utm_source=yubhub.co&utm_medium=jobs_feed&utm_campaign=apply)