Job Description
What is the Opportunity?
RBC offers an exciting role as a Pension Delivery Consultant. This position will be to guide individuals through the transition from employment to active retirement and manage any changes during the retirement lifecycle. Promote a participatory work environment that encourages team spirit and professional self-development. The consultants serve to provide best in class client experience throughout the retirement lifecycle.
What will you do?
To ensure effective efficient and accurate administration of the RBC Pension Plans.
To perform/review pension data and calculations in accordance with plan text, policies, and regulatory requirements.
Calculate pension entitlement for retiring RBC Defined Benefit plan members.
Act as a resource to advise plan members and department staff on clarification, application of by-laws, legislation, and actuarial concepts in determining appropriate action to be taken in more complex cases (in support of Pension Advisors).
Participation in implementation and maintenance of changes/enhancements and testing to the pension administration system (Benplus).
Support annual valuation requirements in providing information and responses to the data queries.
To perform and/or assist in the development, design, implementation and administration of pension plan policies and programs within RBC when requested, (driven by COE).
What do you need to succeed?
Must have:
3 to 5 years of Defined Benefit pension administration experience (including complex retirement, termination, death, and marriage breakdown calculations).
Advanced knowledge of Defined Benefit pension plans and provincial pension and tax legislation.
Experience reviewing pension calculations and member transactions.
The ability to lead projects, taking ownership and accountability for assigned tasks.
Proven ability to manage multiple tasks simultaneously with ease.
Excellent analytical and mathematical skills.
Post-secondary education (preferably in Mathematics, Statistics, Actuarial Science) or relevant courses related to Pension Administration.
Nice-to-have:
French language skills.
SAP knowledge.
Benplus knowledge.
Business knowledge Functional Expertise.
What’s in it for you?
We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.
A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicable.
Leaders who support your development through coaching and managing opportunities.
Ability to make a difference and lasting impact.
Work in a dynamic, collaborative, progressive, and high-performing team.
A world-class training program in financial services.
Opportunities to do challenging work.
Job Skills
Annuities, Communication, Data Gathering Analysis, Detail-Oriented, Insurance Finance and Actuarial Concepts, Operational DeliveryAdditional Job Details
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Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
Inclusion and Equal Opportunity Employment
At RBC, we believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.
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Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com.