Administrator, Pension Benefits

CIBC Mellon is a leading provider of asset servicing solutions to institutional investors in Canada, including multi-currency accounting, fund valuation, and investment information reporting. We are passionate about providing exceptional client service backed by our culture of innovation and success. Our outstanding employee experience will provide you with opportunities to learn and grow professionally while supporting the communities in which you live and work.

We are a diverse and dynamic workplace where employees take an active role in delivering on strategic objectives while advancing their individual career goals. We encourage innovative thinking and give our employees the support and resources they need to turn great ideas into actions.

We’re always looking for talented people who can make a meaningful difference for our clients, our company and our communities. To learn more about why our employees love coming to work each day, visit www.cibcmellon.com/experience.

Position Overview:

The Administrator, Control Group, Pension Benefits performs all banking and high risk functions including the reconciliation of CIBC bank accounts and internal suspense accounts. This includes completing requests to issue foreign wires, funding the accounts at BNY, and processing cash movements between CIBC and internal client accounts.

Responsibilities:

Maintain up to date knowledge on numerous operating systems required to complete job functions including Ariel, PIN, Nexen, Ideal Forex, Treasury Edge and CMO.
Liaison with CIBC to resolve posting issues to the DDA’s and client/pensioner banking issues.
Reconcile CIBC bank accounts as assigned (of 10) on a daily basis ensuring appropriate investigation has been completed and in depth documentation of reconcilable items, when it will clear for sign-off.
Review reconciliation issues and escalate to operational supervisors/managers when aged items exceed internal standards to ensure Administrator action.
Reconcile the Reversal and Suspense IMMS accounts and provide documentation to Fiduciary Control daily.
Maintain information on the ideal forex and treasury edge systems for pensioners and lump sum payments ensuring reconciliation is completed and funds are transferred to BNY account on settlement date for foreign currency wires and ACH payments.
Process cash movement between various CIBC, IMMS and Operating accounts and forward to authorizer.
Resolve problems with the clearing department of CIBC on behalf of the Pension Benefit Department.
Verify the payment status of cheques, and void payment transactions when required.
Process daily stop cheque requests directly on CMO system.
Ensure compliance with policies, procedures and regulatory requirements.

Qualifications:

College or University degree with focus on business, finance or equivalent training.
1-3 years progressive experience in a related field
Experience with the reconciliation process
Prioritization and time management skills; the ability to multi-task and meet daily deadlines
Excellent attention to detail
Good interpersonal skills

CIBC Mellon's Values:

Get it Right Every Day: Deliver service excellence while always acting with the highest ethical standards
Put Clients at the Centre: Advocate for clients by listening, sharing knowledge, and bringing the right solutions forward
Be One Family: Challenge, empower and recognize your colleagues
Take Ownership: Speak up, speak out, and make things better Read more