If you are committed to public service, enjoy collaborating with others, share our values and have a desire to learn and grow, join The City of Calgary. City employees deliver the services, run the programs and operate the facilities which make a difference in our community. We support work-life balance, promote physical and psychological safety, and offer competitive wages, pensions, and benefits. Together we make Calgary a great place to make a living, a great place to make a life.
The City is committed to fostering a respectful, inclusive and equitable workplace which is representative of the community we serve. We welcome those who have demonstrated a commitment to upholding the values of equity, diversity, inclusion, anti-racism and reconciliation. Applications are encouraged from members of groups that are historically disadvantaged and underrepresented. Accommodations are available during the hiring process, upon request.
As a Pensions Financial Specialist, you will be responsible for conducting comprehensive financial analysis, developing strategic financial plans, and providing expert insights that guide The City's decisions regarding pension fund management and post-retirement benefits offerings. You will collaborate with internal interested parties, external actuarial, custodial, investment teams, and services providers. Primary duties include:
Develop and refine accounting valuation methodology for The Citys pension plans and post-retirement benefits considering long term financial objectives, risk tolerance, and economic indicators.
Initiate and oversee the collection of actuarial valuation data, validate calculated results, and collaborate with actuarial team to ensure accuracy and consistency.
Create and sustain financial models to calculate rates and contributions.
Prepare quarterly detailed reports on pension fund performance for the Pension Governance Committee to support informed decision-making regarding pension fund management.
Complete quarterly and annually financial statements and reports for pension plans and post-retirement benefits.
Measure, assess, and report on investment manager performance in accordance with pension fund goals and objectives.
Manage the year-end pension closing process by performing annual reconciliations at the member level for the Local Authorities and Special Forces Pension Plans.
Compile, validate and investigate pension plan contributions to ensure deductions are accurate, and in compliance to the Plan, CRA rules and internal policies before payment.
Review and verify the Annual Information Return (AIR) prepared by plan administrator. Manage the submission of the Audited Financial Statement along with the AIR to the Alberta Government.
Collaborate with internal and external auditors through audit processes.
Conduct regular analysis of FSCM and HCM report/data integrity. Collaborate with Enterprise Support Systems to ensure appropriate queries for accurate reports.
Develop and implement comprehensive control procedures for pension payroll data, identify, investigate, and address any concerns and issues.
Identify system financial control gaps and issues; recommend opportunities for improvements.
Develop and maintain internal policies and procedures related to the post- retirement benefit and pension financial administration to ensure proper internal control.
Conduct research and develop recommendations as to the efficiency, effectiveness and scope of pension and post-retirement benefit activities.
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