Posted 11 days ago
Pension Analyst - Terminations
@ Royal Bank of Canada
Mississauga, Ontario
Overview
Royal Bank of Canada is hiring a Pension Analyst for Terminations in Mississauga, full time at 37.5 hours per week on a salaried basis. The role calculates and processes pension payouts for departing plan members and beneficiaries of deceased members, prepares PARs, and supports department procedures. The posting requires a good grasp of the Pension Standards Act, the Income Tax Act and provincial pension legislation.
Responsibilities:
- Calculate and process pension payouts for terminating RBC plan members
- Calculate beneficiary entitlements for deceased members
- Prepare and distribute PARs within CRA timelines
- Second sign-off on termination payouts and custodian authorizations
- Track deferred pension elections and send follow-up letters
Requirements summary:
- Well organized, able to prioritize work
- Good oral and written communication skills
- Strong decision-making and ability to complete tasks with minimal instruction
- Understanding of Pension Standards Act, ITA and provincial pension legislation
- Strong Microsoft Excel and Word skills
Tools & skills
Benefits mentioned
Source and dates
Employer career site / ATS feed · workday
- Employer posting date
- 2026-10-26
- First seen by our source
- 2026-10-27
- Source record updated
- 2026-11-04
These dates describe the source record, not a live verification that the employer is still hiring. Check the original posting.
Job details
| Seniority | Mid level |
| Department | Finance & accounting |
| Hours per week | 37.5 |
| Travel | air: none · ground: none |
| Work setting | Office |
| Position | Mostly sitting |
| Physical demands | physical low · computer high |
| Languages | English |
| Licences & certifications | CEBS, PPAC |
Summary and details written by AI from the posting; the employer’s posting is the authority.
Royal Bank of Canada
Stock listing: TSX:RY · NYSE:RY · Source checked: 2026-11-02
Saved company profile
Historical company information from a saved The Jobs API profile (LinkedIn/Crunchbase fields). It is not live-verified; figures may have changed. Missing values remain unknown.
Full company description
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 94,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada's biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 17 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com. We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at www.rbc.com/community-social-impact. http://rbc.com/legalstuff. La Banque Royale du Canada est une institution financière mondiale définie par sa raison d'être, guidée par des principes et orientée vers l'excellence en matière de rendement. Notre succès est attribuable aux quelque 94 000+ employés qui mettent à profit leur créativité et leur savoir faire pour concrétiser notre vision, nos valeurs et notre stratégie afin que nous puissions contribuer à la prospérité de nos clients et au dynamisme des collectivités. Selon la capitalisation boursière, nous sommes la plus importante banque du Canada et l'une des plus grandes banques du monde. Nous avons adopté un modèle d'affaires diversifié axé sur l'innovation et l'offre d'expériences exceptionnelles à nos plus de 17 millions de clients au Canada, aux États Unis et dans 27 autres pays. Pour en savoir plus, visitez le site rbc.com/francais Nous sommes fiers d'appuyer une grande diversité d'initiatives communautaires par des dons, des investissements dans la collectivité et le travail bénévole de nos employés. Pour de plus amples renseignements, visitez le site www.rbc.com/collectivite-impact-social. https://www.rbc.com/conditions-dutilisation/
- LinkedIn followers
- 932,626
- People associated on LinkedIn
- 96,867
- Reported office locations
- 200 Bay Street, Toronto, Ontario M5J 2J5, CA
- 1 Place Ville-Marie, Montreal, QC H3B 1Z3, CA
- 2 Park St, Sydney, NSW 2000, AU
- 100 Bishopsgate, London, England EC2N 4AA, GB
- Persiaran Apec, Cyberjaya, Selangor 63000, MY
- 60 S 6th St, Minneapolis, MN 55402, US
- Business categories
- Wealth Management
- Commercial Lending
- Finance
- Banking
- Payments
- Asset Management
- Insurance
- Lending
- Financial Services
- Financial Exchanges
- Other recorded names
- Royal Bank of Canada
- RBC
- Specialties
- finance
- banking
- investing
- insurance
- financial planning
- wealth management
- and capital markets
- Profile identifies a recruitment agency
- No
- Reported total investment
- 22,251,000
Currency and observation date were not supplied; this is not a current valuation or a funding round.
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 94,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada's biggest bank and one of the largest in the world, based on market…
| Field | Value |
|---|---|
| Industry | Banking |
| Company size | 10,001+ employees |
| Headquarters | Toronto, Ontario |
| Organization type | Public Company |
| Specialties | financebankinginvestinginsurancefinancial planningwealth managementand capital markets |
| Open jobs on Jobsy | 1,098 |
| View page |
Job Description
As the Pension Analyst - Terminations, you will be responsible for pension terminations and pre-retirement death benefit processing, payments made to former plan members, as well as re-occurring monthly activities, ensuring accuracy and confidentiality. In addition, this position provides support and assistance to various members of the department.
What will you do?
- Accurately calculate and process pension packages for terminating RBC defined benefit plan members within 30 days of termination processing. On necessary terminations, co-ordinate with Sun Life on DC values.
- Accurately calculate pension entitlement for beneficiary of deceased RBC defined benefit plan members within 30 days of receipt of notification of death for deceased members who are under age 55 or over age 55 if divorced or single or in the DS Grandfathered Plan (any age).
- Accurately calculate and process pension payouts for employees terminating from RBC Pension Plans (all), ensuring consistency of application, validity in light of documentation, pension by-laws, and legislation
- Accurately prepare and distribute PARs to employees following termination from all RBC pension plans within CCRA timelines.
- Review the rehired reports to ensure letters are not sent and/or values are not paid out. Correct the pension system, if applicable.
- Ensure that report of new enrolments for the Caribbean Plan is directed to appropriate parties, each pay period, if applicable.
- Second signoff on termination payouts. Ensure authorization to custodian for payment matches system and election forms.
- Ensure tracking and reporting of all deferred pension elections and payouts by custodian are accurate and up-to-date.
- Ensure follow-up letters are sent to RBC pension plan terminated members who have not responded for current and previous years.
- Review and maintain department procedures on a quarterly basis, ensuring all procedures are documented and current.
- Act as back up for other processes in the department.
- Assist with other projects as assigned.
What do you need to succeed?
Must Have
- Well organized with the ability to prioritize work effectively
- Good oral and written communication skills/computer skills
- Strong decision making ability and ability to take the task to completion with minimal instruction
- Good understanding of Pension Standards Act, ITA and provincial pension legislation.
- Self-starter
- Strong PC skills (Microsoft Excel, Word)
Nice to Have
- SAP knowledge
- Business Knowledge Functional Expertise
- Pension Plan Administration Certificate (enrolled in CEBS or PPAC)
- Understanding of actuarial concepts
- RBC net & HR Self-Serve Tools
- Knowledge of RBC Pension Program
What’s in it for you?
We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.
- Opportunities to do challenging work
- Opportunities to take on progressively greater accountabilities
- Opportunities to building close relationships with clients
- Access to a variety of job opportunities across business and geographies
Job Skills
Annuities, Communication, Data Gathering Analysis, Detail-Oriented, Insurance Finance and Actuarial Concepts, Operational DeliveryAdditional Job Details
Address:
MEADOWVALE BUSINESS PARK, 6880 FINANCIAL DR:MISSISSAUGACity:
MississaugaCountry:
CanadaWork hours/week:
37.5Employment Type:
Full timePlatform:
HUMAN RESOURCES & BMCCJob Type:
RegularPay Type:
SalariedPosted Date:
2026-10-27Application Deadline:
2026-11-10Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
Our Employment Opportunities
At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One RBC. We believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.
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RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.
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