About Us
The Saskatchewan Pension Plan (SPP), was created in 1986 and is a fully funded, capital accumulation plan created by the provincial government. SPP provides a professionally managed pension plan at low fees to individuals with little or no access to employer-sponsored pensions. With over 450 employer plans, SPP has $800 M in assets under management and over 32,000 members. It ranks 21st among the top 50 defined contribution pension plans in Canada.
The Opportunity
The SPP has a leadership opportunity for an experienced professional as the Manager of Pension Services and is seeking an energetic, self-motivated individual who is passionate about enhancing retirement security. Reporting to the Senior Director, but working collaboratively within a 5-person management team, this position is responsible for providing advanced technical pension knowledge and overseeing the management of member and employer retirement services services including educating members as they process retirement decisions and all forms of payouts: members electing to retire, choosing variable benefit or processing deaths. Responsible for member payout account management, outtake of member funds and member communications, financial reconciliations. This includes handling financial reconciliation, ensuring quality control and compliance with applicable legislation, and coordinating the communication and service delivery to post-retirement members. The role requires expertise in pension plan operations, including annuity and Variable Benefit (VB) options, while maintaining effective inter-departmental integration (including key integration across Member Service and Finance), policy development, and system analysis.
As the Manager of Pension Services, you will:
- Oversee and approve pension payroll reconciliations, payments, and post-retirement account adjustments, ensuring accuracy and compliance with financial and regulatory standards.
- Ensure financial accuracy and compliance by coordinating reconciliations, aligning financial records with accounting, and addressing regulatory requirements, including CRA minimum payments and tax obligations.
- Ensure timely reconciliation of pension assets with external financial institutions and report discrepancies.
- Develop action plans to address discrepancies or compliance issues identified during audits.
- Lead the development and execution of member communication strategies, ensuring clear, brand-aligned messaging across multiple platforms. Provide guidance on complex pension issues and train staff for consistent service delivery.
- Develop, implement, and maintain policies and procedures to ensure compliance with evolving pension regulations, internal standards, and legal requirements.
- Oversee system updates, data analysis, and reporting to enhance operational efficiency, ensure accuracy, and support data-driven decision-making.
- Knowledge of the pension industry and taxation of individual and retirement savings accounts.
- The ability to work independently as well as collaboratively with staff and management in a team environment, across multiple locations.
- The ability to demonstrate strong and tested leadership skills including developing an organized, efficient and motivated team.
Typically, the knowledge and skills required for this position would have been acquired through a combination of post-secondary education and 7-10 years experience. In addition to requiring the IFSE CIFC or CIFOC or equivalent education, as indicated in SPP’s Exemption Order issued December 2016 with FCAA; this position would require knowledge normally obtained with a CFP/PFP designation. Successful candidates must pass the Canadian Investment Funds Course within the first six months of employment.
What We Offer:
- Dynamic, challenging work for talented financial professionals.
- A competitive salary.
- Comprehensive benefits package including pension.
- Vacation, scheduled days off (SDO) and other types of leave (maternity/paternity/adoption, family/personal leave, sick leave).
- Inclusive work environment.
