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Pension and Benefits Specialist/ Senior Associate

Job Description


Siemens Healthineers is building tomorrow’s talent. Shape the future with us.

We are looking for dedicated and talented people who tackle ever-changing challenges, customer needs, and questions from colleagues with clever concepts and creativity. We embrace change and work with curious minds re-inventing the future of work. Join us and let us focus together on what’s truly important: making lives better with new ideas and the latest technologies around the world.

Why you’ll love working for Siemens Healthineers;

  • Freedom and a healthy work-life balance – Embrace our flexible work environment with flex hours, telecommuting and digital workspaces.
  • Be part of exciting and innovative projects that help solve some of the world’s most significant health problems.
  • Engaging, challenging, and fast evolving, cutting edge technological environment.
  • Opportunities to advance your career.
  • Competitive total rewards package.
  • Rewarding vacation entitlement with the opportunity to buy and sell your vacation depending on your lifestyle.
  • Contribute to our social responsibility initiatives focused on access to education and technology, and sustainability, making a positive impact on communities.
  • Participate in our celebrations and social events.
  • Opportunities to contribute your innovative ideas and get paid for them!
  • Employee perks and discounts.
  • Diversity and inclusivity focused.
  • Siemens Healthineers is proud to be a Great Place to Work-certified company® in Canada for 2020-2021, 2021 Best Workplaces in Ontario™, 2021 list of Best Workplaces™ for Women and 2021 Best Workplaces in Manufacturing™.


As a leading medical technology company, Siemens Healthineers enables healthcare providers to increase value by empowering them on their journey towards expanding precision medicine, transforming care delivery, improving the patient experience, and digitalizing healthcare. Siemens Healthineers is continuously developing its product and service portfolio, with AI-supported applications, digital services and clinical Point of Care diagnostic products, that play an increasingly important role in the next generation of medical technology. These new applications will enhance the company’s foundation in in-vitro diagnostic, image-guided therapy, and in-vivo diagnostics. Siemens Healthineers also provides a range of services and solutions to enhance healthcare providers’ ability to provide high-quality, efficient care to patients.

Siemens Healthineers in Canada stands for engineering expertise with a pioneering spirit in exploring and developing business opportunities to help healthcare providers achieve their goal of improving outcomes while reducing costs. Our 800 employees in Canada located across Canada and 54,000 worldwide, work together to deliver solutions for healthcare providers, resulting in 70% of medical decisions being influenced by the technologies we provide.

Our impact:

• 70% of critical clinical decisions are influenced by the type of technology we provide.

• More than 31 million Canadians benefit from Siemens Healthineers products every year.

• An average of 85,000 Canadians per day receive treatment or tests from a Siemens Healthineers device.

• Siemens Healthineers participates in 30 healthcare research collaborations in Canada and around the world.

https://www.healthcare.siemens.ca/healthcare-company-profile/about

The Pension and Benefits Specialist/ Senior Associate works in a team environment including USA and Canada colleagues and is responsible for the ongoing governance, administration and operations of flexible benefits, defined contribution and defined benefit pension plans. As a senior member of the team, this includes peer review, data analysis and the development of process improvements to ensure accuracy and gain efficiencies.  

Key Responsibilities:

• Responsible for the overall governance and administration of all pension and benefits activities in Canada and on as needed basis, for USA

• Communicate and coordinate with members, employers, union representatives, actuaries, auditors, custodians and any other third-party representative regarding benefit entitlements, data,  administration procedures and interpretations of plan provisions  

• Maintain up-to-date records for members and vendors  

• Determine entitlements on death, disability, retirement, termination, and marriage breakdown in accordance with specific Plan provisions, government legislation requirements and current service standards  

• Authorize payment of benefit entitlements and plan expenses from custodian, vendors, etc.  

• Peer review of pension calculation, authorizations and other documents prepared by vendor   

• Ensure monthly, quarterly, yearly reporting is completed including monthly financial reconciliations  

• Participate in year-end activities, including annual enrollment, data updates, validations, reconciliations, annual pension statements, and actuarial valuation data

• Perform reconciliation of monthly contributions postings and reports  

• Prepare and file relevant benefit and government forms including 

• Provide service support to internal customers - responding to benefits and pension inquiries from internal accounting, auditors, employees, retirees on plan provisions, status changes and other general inquiries  

• Support and prepare Pension Committee materials (quarterly)  

• Participate in ad-hoc projects such as audits and data cleanups 

• Organize workload to ensure services and regulatory deadlines are met  

• Identify process improvements and work with team to implement new procedures  

• MA&D support for CAN and USA – benefit integration, baselining, etc.  

• Additional tasks and projects as assigned  


Key Contacts/Relationships External and Internal:  

• Works independently and cooperatively as a member of country HR team to provide superior customer service in all benefits and pension matters to both, internal and external stakeholders  

• Coordinates with benefits vendors, pension fund custodian, plan actuaries, plan auditors, lawyers, unions, employers, and other third-party representatives  

• Deals directly with Plan participants/members, spouses and beneficiaries regarding pension entitlements and Plan information  

• Works cooperatively with co-workers in other administrative departments  

Knowledge, Skills and Abilities:  

• Advance knowledge of Health and Flexible Benefits, Defined Contribution and Defined Benefit pension plans and provincial and tax legislation   

• Experience reviewing pension calculations and member transactions  

• Ability to lead projects by taking ownership and being accountable for assigned tasks  

• Excellent and proven organization skills  

• Excellent attention to detail and ability to document procedures and processes  

• Excellent analytical skills

• Strong organizational skills the ability to meet legislated deadlines  

• Strong verbal and written communication skills, with the ability to liaise with plan members, internal team members, and service providers   

• Excellent work ethic and accountability  

• Good understanding of actuarial concepts related to pension administration  

• Good understanding of legislative requirements related to benefit and pension administration 

• Intermediate to Expert MS Excel skills (formatting, build/interpret pension calculators, data analysis functions)  

• Intermediate to Expert MS Word skills (formatting, word merge and conditional wording)  

• Experience with HRIS Databases  

• Bilingualism (English and French)   

Qualifications/Education/Competencies/Experience:  

• Minimum 5 years of benefits and pension administration/analyst experience

• Post-secondary education (preferably in Mathematics, Statistics, Actuarial Science) or completed courses related to benefits and pension administration  

• Pension Plan Administration Cert (PPAC) is an asset  


In our continued commitment to prioritize colleague health, comply with customer/business partner requirements, and help preserve our business continuity, Siemens Healthineers requires employees, contractors, and business partners to be fully vaccinated with relevant dose(s) of a Health Canada approved vaccine for all new hires by their start date.

“Fully vaccinated” means it has been 14 days after receiving the full series of a COVID-19 vaccine or combination of COVID-19 vaccines approved by Health Canada (i.e. two doses of a two-dose vaccine series, or one dose of a single-dose vaccine series), and which may include, at the Company’s discretion, any further doses in accordance with Health Canada guidelines.

Exemptions will only be granted for medical reasons or on the basis of a protected ground under applicable human rights legislation.



Organization: Siemens Healthineers

Company: Siemens Healthcare Limited

Experience Level: Mid-level Professional

Job Type: Full-time



Siemens is committed to creating a diverse environment and is proud to be an equal opportunity employer. Upon request, Siemens Canada will provide reasonable accommodation for disabilities to support participation of candidates in all aspects of the recruitment process. All qualified applicants will receive consideration for employment.

By submitting personal information to Siemens Canada Limited or its affiliates, service providers and agents, you consent to our collection, use and disclosure of such information for the purposes described in our Privacy Code available at www.siemens.ca.


Siemens s’engage à créer un environnement diversifié et est fière d’être un employeur souscrivant au principe de l’égalité d’accès à l’emploi. Tous les candidats qualifiés seront pris en considération pour ce poste.

En transmettant des renseignements personnels à Siemens Canada limitée ou à ses sociétés affiliées, à ses fournisseurs de services ou à ses agents, vous nous autorisez à recueillir, à utiliser et à divulguer ces renseignements aux fins prévues dans notre Code de protection de la confidentialité, que vous pouvez consulter au www.siemens.ca.

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