Closing Date: Oct. 14th, 2024
As Canada’s largest diversified mining company, Teck is committed to providing the world with essential resources safely and sustainably. We have a rich history of consistently driving innovation, harnessing cutting-edge technology, and cultivating a dynamic environment that empowers our employees to shape the future.
Reporting to the Manager, Pensions & Retiree Benefits, the Pension Analyst is responsible for the administration of Teck’s defined benefit and defined contribution pension arrangements including but not limited to all required calculations. The pension team administers Teck’s registered defined benefit plans, registered defined contribution plans, supplemental pension plans, and Group Registered Retirement Savings Plans. This position works closely with other pension team members, plan actuaries, legal team, payroll team and plan consultants on pension and non-pension requirements and ensures that the information held in the customized pension software application is maintained and accurate.
The Pension Analyst provides support to the Manager on the pension policy, will plan amendments and will communicate administrative practice changes to the pension team regarding legislation, the pension software or actuarial requirements.
Responsibilities
- Be a courageous safety leader, adhere to and sponsor safety and environmental rules and procedures
- Calculate the defined benefit pension entitlements provided by the Teck’s registered and non-registered defined benefit pension plans
- Liaise with the Defined Contribution fund holder
- Calculate monthly pension payments and commuted values, pension adjustments (PA), past service pension adjustments (PSPA), pension adjustment reversals (PAR), annual employee pension statements and the completion of annual government as required by applicable pension legislation
- Responsible for all aspects of pension administration required for marriage breakdown ensuring compliance with provincial legislation and the applicable Family Law Act
- Act as a liaison with Legal, HR Management and/or union representatives on pension plan amendments and pension matters as they relate to pension entitlements, collective bargaining strategy and required changes due to legislative or discussed changes
- Prepare and remit contributions to the defined benefit plans
- Reconciliation of pension payments and unitization of the CPFCS pension fund
- Maintain accurate pension data in the pension software for both active and retired plan members and coordinate accurate software calculation methodology
- Resolve requirements for pension and retiree related reports and coordinates production of reports with HRIS or develops them through crystal reports
- Accountable for the preparation, analysis and reconciliation of the membership data for the actuarial valuations of the registered defined benefit plans and post-retirement benefit plans
- Prepare annual information returns for the registered pension plans
- Collaborate with service provider to troubleshoot issues regarding information inflow and outflow of Defined Contribution file
- Assist with pension booklets updates, retirement education and facilitate pension improvement analysis
Qualifications
- Bachelors’ degree in Actuarial Sciences or Mathematics
- 5 years of relevant senior-level work experience, preferably in the mining industry, an actuarial firm, or a related industry
- In-depth working knowledge of relevant pension legislation, including the Income Tax Act and Family Law Act
- Strong analytical and computational skills are required, especially with Microsoft Excel
- Experience with additional data management or analysis applications is an asset
- Ability to learn quickly and work in a fast-paced, dynamic environment with multiple projects that require multitasking
- Motivated self-starter, capable of working under minimal direction
- Strong written, verbal and interpersonal communication skills required, with the ability to communicate effectively in English necessary
Why Join Us?
At Teck, we offer more than just a job – we provide a pathway to personal and professional enrichment. With captivating projects set against stunning backdrops, a culture of inclusivity and collaboration, and boundless opportunities to learn and grow, joining us means embracing a fulfilling and dynamic career adventure.
Teck employees receive access to our total rewards program and comprehensive benefits package that promote physical, mental, financial, and emotional well-being. This includes but is not limited to:
• Annual Performance Bonus
• Profit Share Plan
• Health Spending Account
• Personal Spending Account
• Extended Health Care
• Dental and Vision Care
• Employer Paid Pension Plan
• Life Insurance and Disability Coverage
• Paid Sick Leave, Vacation and Holidays
• Virtual Telemedicine and additional support for overall well-being
• Employee and Family Assistance Program (EFAP)
