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Manager, Pension Services

Scotiabank

Toronto, ON

Manager, Pension Services

Scotiabank

Toronto, ON
 
Salary: Information not available
 

 

Requisition ID: 251189

Established by MD Financial Management Inc. and Scotiabank, the Medicus Pension Plan is currently open to incorporated physicians in Alberta, British Columbia, Newfoundland and Labrador, Nova Scotia, Ontario, Prince Edward Island, and the Territories.

 

The Manager Pension Services contributes to the overall success of the Medicus Pension Plan by managing the delivery of pension administration services ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives. Ensures all activities conducted are in compliance with governing regulations, internal policies and procedures.

 

Is this role right for you? In this role, you will: 

 

Support the day-to-day administration of pension benefits for members of the Plan.
Work closely with the third-party pension administrator to manage member data, support services and inquiries.
Understand and documents processes, including developing various job aids and training materials related to tools and systems, to ensure all administrative tasks are performed efficiently and accurately.  
Facilitate sessions discussions between Medicus leadership and the third-party pension administrator to elicit requirements, solution options and other information to support well informed business decisions about system or process improvements.
Ensure that all processes follow established protocols and regulatory guidelines while seeking opportunities for operational improvements.
Work with key stakeholders to ensure accurate administration of member data and pension plan provisions, including the interpretation of the plan text and plan policies.
 Manage the resolution of 2nd & 3rd tier escalations from third-party vendors as well as daily monitoring of Medicus support mailboxes.
Manage the execution and delivery of cyclical administration projects.
Work in partnership with the third-party pension administrator and project management team on the development of planning calendars and key dates.
Manage various administration elements of projects.
Support the implementation of systems changes and upgrades to improve pension administration processes and member experience.
Perform back-testing of changes to tools and systems to ensure the accuracy and reliability of pension calculations and related tools.
Develop and maintains digital form templates for pension buybacks, year-end attestations, and other pension-related applications.
Review annual statements, pension option packages, tax packages, and other key documents for alignment with regulatory changes and industry best practices, as well as accuracy, consistency, and clarity before distribution to plan members.
 Support plan members with the completion of administrative tasks as required. 
Manage back-office administration services to enable business development and growth strategies.
Coordinate training and support for internal teams on updated pension processes and tools.
Provide administrative support to team members, including coordination of team resourcing and calendars to efficiently staff prospect discovery meetings.
Prepare standard reports and other materials for Medicus leadership and other key stakeholders.
Build, run and reviews reports to streamline reporting and validate data quality.

 

 Do you have the skills that will enable you to succeed in this role? - We'd love to work with you if you have: 


Undergraduate university degree with at least 5 years’ experience in pension benefit administration or other highly analytical position.
Strong mathematical aptitude and analytical skills.
Strong Microsoft Excel, Word, and PowerPoint skills. Experience with Salesforce and/or OneSpan would be an asset.
Strong interpersonal and communication skills, both written and oral, with demonstrated expertise in interacting with all levels of management.
Strong relationship building and influencing skills to develop and maintain effective partnering relationships with key stakeholders.
Demonstrate effective time management and priority setting skills.
Demonstrate sound judgment, flexibility, resourcefulness, and problem-solving capabilities.
Solid knowledge of case management principles and practices.

 

#LI-CB1

 

Location(s): Canada : Ontario : Toronto || Canada : Ontario : Ottawa

Medicus Pension PlanTM is a trademark of The Bank of Nova Scotia (Scotiabank), used under licence. The Scotiabank and MD logo are trademarks of Scotiabank, used under licence. Scotiabank is the sponsor of the Medicus Pension Plan, which is a registered pension plan and is registered under the Pension Benefits Act (Ontario) and the Income Tax Act (Canada). To determine if the Medicus Pension Plan is appropriate for your retirement planning needs and retirement income objectives, please consult with a financial advisor.  

Scotiabank provides banking and credit products and services. Visit scotiabank.com.

MD Financial Management Inc. wholly owns or has a majority interest in the MD Group of Companies. It provides financial products and services, is the fund manager for the MD Family of Funds and offers investment counselling services. For a detailed list of the MD Group of Companies, visit md.ca

We are committed to hiring military and Veteran spouses and encourage you to identify your connection with the MSEN when reaching out to us or applying to any of our open roles.

 

Have questions or want to learn more about us? We would love to hear from you!

 

rochelle.mendonca@scotiabank.com

 

Whenever possible, reach out to a named contact rather than a general inbox  - it helps ensure a quicker, more personalized response. If you hit a bounce-back, let us know at

employment.Emploi@cfmws.com

About Scotiabank

The Scotiabank Veterans Network (SVN) is committed to supporting veterans, reservists, and military spouses by recognizing and valuing their unique skills and experiences. As a military-friendly employer, Scotiabank actively promotes the integration of veterans into civilian careers by offering a wide range of employment opportunities across the Bank.  SVN plays a key role in this effort, leading initiatives such as a mentorship program designed to support both current and transitioning veterans.

The team was instrumental in driving recent enhancements to Scotiabank’s reservist leave policy and organized the inaugural Valour and Vision Expo in Q4 2024, where industry leaders pledged to support veterans entering the civilian workforce.  In February 2025, Scotiabank proudly served as the lead Banking Sponsor of the Invictus Games, an international multi-sport event that aids in the rehabilitation of wounded, injured, and ill service members—both active and retired.

Additionally, SVN hosts a variety of events throughout the year, including leadership symposiums and annual Remembrance Day ceremonies, to honor and support the military community.