Pension Administration Analyst

50548 - Toronto - Regular Not Applicable

Hydro One is proud to be the largest electricity transmission and distribution provider in Ontario, serving nearly 1.5 million customers. We have a long history in the industry with our roots dating back over 110 years to 1906. Since then, we have worked to grow and evolve to meet the changing needs of our customers and communities across Ontario. Today, we’re focused on providing exceptional customer service and ensuring we are building safe communities where we live, work and play.

It’s an exciting time to join the team at Hydro One!

Job Description:

1. Assist in the development and modification of procedures and working practices required to ensure Hydro One Pension Plan benefit entitlements are accurately determined as per Plan provisions and applicable legislation and regulations.
2. Maintain the procedures and working practices.
3. Provide assistance to the Senior Pension Administration Analyst with pension activities pertaining to retirements , deaths, beneficiary appointments, terminations, purchases, transfers, family law and marriage breakdown calculations.
4. Develop, implement and maintain detailed work methods to ensure timelines and follow-up procedures are adhered to.
5. Assist the manager in the development and production of routine reports to ensure integrity and currency of the databases associated with the Pension Plan Administration System is maintained.
6. Develop standardized communication and correspondence materials, for use by the support staff in the unit in their day to day work activities.
7. Review draft and finalized separation and divorce agreements submitted by plan members or their external lawyers to ensure compliance and administrative feasibility based on existing plan provisions and applicable legislation and regulations. If necessary, co-ordinate with internal lawyers to provide the necessary feedback.
8. Assemble or assist in the assembly of confidential c osting data pertaining to pension for compensation bargaining negotiations with Power Workers' Union and the Society.
9. Assemble confidential data pertaining to pension prior to Power Workers' Union and Society grievance settlements. Provi de advice and guidance to Human Resource Officers, plan members (pensioners, active and deferred members, beneficiaries, external pension professionals, etc.) on issues related to the pension plan respecting plan provisions, including ot her applicable provisions of the Ontario Pension Benefits Act and Federal Income Tax Act.
10. Maintain the currency of an Interpretation Manual and an Administration Manual for the unit. Maintain necessary processes and systems to ensure cyclical input from the Pension Administration System will be provided to other corporate systems (e.g., Pension Adjustment for T4's, pension data for the Employee Information Report, etc.).
11. Deliver necessary training materials to support staff in the unit to ensure the staff have the necessary knowledge and skill to perform their administrative responsibilities.
12. Assist the manager to resolve extraordinary or unusual pension entitlement issues.
13. Perform other duties as required.

Qualifictions

Selection Criteria

• A post-secondary degree or diploma in Human Resources, Business Administration, Finance, Actuarial Science, or a related discipline.
• Demonstrated knowledge of defined benefit pension plan administration, including retirements, terminations, death benefits, buybacks, transfers, and marriage breakdown calculations.
• Familiarity with relevant legislation such as the Ontario Pension Benefits Act.
• Skill in reviewing data for accuracy and completeness and identifying/resolving discrepancies.
• Experience in developing and maintaining standard operating procedures, policy documentation, or administration manuals.
• Ability to document, update, and communicate processes clearly to internal staff.
• Excellent written and verbal communication skills to produce standardized correspondence, training materials, and respond to inquiries.
• Ability to manage multiple tasks, adhere to timelines, and follow up on outstanding items.
• Demonstrated ability to work in a collaborative environment, assisting senior analysts and management in decision-making and issue resolution.
• High level of integrity and discretion in handling confidential pension and compensation data.

At Hydro One we understand that the success and strength of our business rests with our people. When we develop their skills, we are investing in both their success and ours. To secure the best talent, we seek to create a workforce that reflects the diverse populations of the communities where we live and work and to create a culture based on safety, innovation and inclusiveness.

We are honoured to be recognized by Forbes in its list of Canada’s Best Employers for 2025.

Thank you for considering a career with Hydro One, we welcome applications from all qualified candidates. Hydro One will provide reasonable accommodation for qualified individuals with disabilities in the job application process.

Deadline: June 30th, 2025

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We thank all applicants for their interest in a career at Hydro One; however, only those candidates who are selected for an interview will be contacted.