Senior Advisor, Pension and Benefits Full Time

ABOUT US

We’re one of Canada’s largest pension investment managers, with CAD$264.9 billion of net assets as of March 31, 2024.
We invest funds for the pension plans of the federal public service, the Canadian Forces, the Royal Canadian Mounted Police and the Reserve Force. Headquartered in Ottawa, PSP Investments has its principal business office in Montréal and offices in New York, London and Hong Kong.
Capturing and leading complex global investments requires us to work as one to seize valuable opportunities, in close collaboration with some of the world’s top companies. At PSP, you’ll join a team of motivated and engaged professionals, dedicated to propelling our organization further than ever before.

EXPERIENCE THE EDGE

At PSP, we encourage our employees to grow, forge powerful relationships, contribute and fuel inspired investment launchpads. We are committed to a culture that fosters collaboration and allows us to think beyond, in an interconnected way. We advocate for our employees to speak-up, learn, experiment, share, and be part of an inclusive work environment where diversity is embraced.

ABOUT THE TEAM

At PSP, our Total Rewards team is committed to offering a competitive and equitable Total Rewards package aligned with our organization’s goals that maintains our edge in all our markets – globally aligned and locally sensitive. Our goal is to keep attracting, retaining and rewarding our employees by consistently enhancing the value of our Total Rewards offering.

This includes developing competitive salary structures, pension/savings offerings and benefits packages while ensuring compliance and using data to drive decision-making.

ABOUT YOUR ROLE

The Senior Advisor, Pension and Benefits will play a crucial role in the development, implementation and deployment of the various pension and benefits plans of all PSP employees globally. The Senior Advisor will also contribute to other strategic initiatives within the total rewards team. This position requires a subject-matter expert with strong communication skills, capable of managing complex projects and processes, and committed to supporting the organization’s strategic objectives through competitive total rewards strategies.

As a Senior Advisor, Pension and Benefits, your main responsibilities will include:

Benchmark the competitiveness of all global pension and benefits plans, including both defined benefit and defined contribution pension plans, in alignment with business and corporate objectives. This includes market monitoring, gathering, analyzing, and interpreting data from various sources, summarizing findings, and proposing recommendations
Lead the annual renewal process for all global benefits plans assigned to the role. This includes coordinating with external actuaries and brokers, negotiating with insurers, modeling financial impacts, and preparing relevant communications for employees
Prepare, lead and host Pension Committee meetings in various locations based on local requirements
Oversee the ongoing management of various pension and benefits programs, evaluate their effectiveness, and propose relevant changes to enhance the employee experience
Monitor legislative and legal compliance requirements globally, identify impacts on the PSP plans assigned to the role, and make required adjustments
Plan, organize, and develop regular targeted communications to employees based on data received from various providers, ensuring alignment with the team’s targets and desired outcomes
Build and manage strong relationships with various external providers, using influence to resolve all escalated inquiries. Assess and manage these providers, negotiate and manage contracts, and establish appropriate SLAs
Prepare pension and benefits reports and presentations for the senior leadership team autonomously
Gathering and analyze data for people analytics reporting, providing insights that support strategic decision-making
Create global tracking tools for various elements such as pension and benefit costs, premiums and consulting fees
Provide support and expertise to other HR team members in various matters related to pension and benefits plans
Enhancing processes by challenging outcomes and identifying areas for improvement, developing solutions and documenting new and existing procedures and practices to ensure consistency and compliance
Contributing to transversal initiatives and ad hoc deliverables within the Total Rewards team

WHAT YOU’LL NEED

Bachelor’s degree in actuarial science, human resources, business administration or related field of study
Professional designation in actuarial science, human resources, compensation, or benefits management (ACIA, FCIA, CEBS, etc.) is an asset
At least seven (7) years of relevant experience, preferably in a consulting firm or within an organization with offices outside Canada, is an asset
Ability to draw conclusions from analytical results and data, and summarize findings concisely in reports and presentations
Excellent communicator with effective and professional written, verbal, and creative communication skills
Demonstrates a high level of discretion, professionalism, and integrity
Able to navigate a fast-paced environment with flexibility and a high level of autonomy
Possesses strong organizational skills, managing competing priorities while respecting deadlines
Detail-oriented with strong analytical skills
Ability to work collaboratively, cultivating meaningful relationships with colleagues and stakeholders
Effective communication skills, bilingual (French and English), written and spoken
Strong knowledge of Excel and PowerPoint, as well as other tools in the MS Office suite
Proficiency in English and French (or willingness to learn) (frequent interactions in English with PSP employees based in our offices in Hong Kong, London and New York, and interactions in French with employees in our local offices in Montreal and Ottawa)

We offer a tailored employee experience and competitive total rewards and benefits package* designed to attract and retain global diverse talent, reward performance, and reinforce business strategies and priorities. Beyond salary and incentive pay eligibility, you have access to:

Investment in career development
Comprehensive group insurance plans
Competitive pension plans
Unlimited access to virtual healthcare services and wellness programs
Gender-inclusive paid family leave policy: up to 26 weeks for primary caregivers, 5 weeks for secondary caregivers
A personalized family-building support, from pre-pregnancy to menopause, with available financial assistance
Vacation days available on day one with additional days on milestone service anniversaries, and summer Friday afternoons off
A hybrid work model with a mix of in-office and remote days

*Benefits package may vary based on your employee type.

At PSP, we aim to provide an inclusive workplace where we leverage diversity and where everyone feels valued, safe, respected and empowered to grow. As part of this leadership commitment, we strongly encourage applications from all qualified applicants and strive to offer an inclusive and accessible candidate experience. If you require any accommodation for any part of the recruitment process, please let us know.

Visit us on www.investpsp.com/en/
Follow us on LinkedIn