Benefits Financial - Toronto, Canada - Toronto District School Board

Toronto District School Board

Verified Company

Toronto, Canada

2 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

No:

SCH II NTE

POSTED:
May 18, 2023

DEADLINE:
4:30 P.M., May 26, 2023

Benefits Financial & Reporting Analyst

Term Position

Compensation Services

Schedule II, Level 5

(Non-Union - 12 Month)
**$69,741 - $83,688
**(This is a one-year term assignment)

The Toronto District School Board adheres to equitable hiring, employment, and promotion practices.

Reporting to the Manager, Compensation, Benefits & Pension Administration, the Benefits Financial & _
Reporting Analyst will assist with analysis and data management to support financials within the Benefits _

- department by: _

- _Preparing and remitting benefit FTE information to Finance department in accordance with Ministry _
- requirements and timelines; _
- _Ensuring employee information, deductions and remittances are handled on time and accurately; _
- _Providing employee data reporting to the third-party providers, in accordance with the central _

Collective Agreement and benefit plan provisions; _

- _Working with various providers to ensure accurate administration of the provincial Employee Life _
- and Health Trusts (ELHTs) and the Board's support staff LTD plan, as required; _
- _Administering the Direct Withdrawal process and managing any discrepancies; _
- _Reconciling benefit general ledger accounts; _
- _Assisting with the financial analysis of the Board's support staff LTD Benefit and legacy Plans; and _
- _Assisting the Manager in researching grievances, preparing for arbitrations and ensuring proper _
- implementation of proposed resolutions. _

Summary of Duties:

Prepare and remit Employee Life & Health Trust (ELHT) per FTE funding to Finance in

accordance with approval and financial remittance timelines;
Receive and upload ELHT payroll files; review and address any errors;
Provide employee data reporting to the third party providers, in accordance with central

Collective Agreement and benefit plan provisions; monitor changes to plans/eligibility and
mapping guides and update the files as required;
Reconcile employee ELHT deductions and remittances to third party administrators/vendors;
Work with various providers to ensure accurate administration of the provincial ELHTs and

Board's LTD plan, as required;
Assist in reviewing the Board's benefit and contractual documentation (i.e. policy contracts,

ASO agreements etc.);
Conduct financial analysis and assist with the financial management of the Board's Support

Staff LTD Benefit Plan and legacy plans, where applicable including tracking experience and
administrative expenses

Administer the Direct Withdrawal process including running reports, ensure withdrawal details

match transmission summary, returned item processing, transmit files toCIBC and resolve
discrepancies;***Reconcile the benefit accounts, identify and conduct root cause analyses of any
discrepancies; ensuring employee r data is updated as required in SAP/HR;
Prepare journal entries, ensuring the entries are properly recorded in SAP/FI and that
supporting documentation is maintained in a readily accessible format;
Establish and maintain various databases of benefit accounts;
Prepare year-end accruals to ensure post-dated cheques and amounts to be recovered

through Loan & Repayment process are properly reflected in financial statements;
Compile data and statistics and prepare reports as required;
Assist the Manager, Compensation, Benefits & Pension Administration in researching and

responding to grievances, preparing for arbitration and in ensuring proper implementation of
proposed resolutions;
Assist with quality assurance/service excellence initiatives; provide support to various audit
procedures;
Draft communication with respect to applicable plan changes for distribution to employees
and/or Unions/Federations;
Liaise with external plan providers, consultants and other external contacts regarding benefit
plans;
Assist in the SAP change management process; with the development of test scenarios for,
and conduct user acceptance testing of, system changes to SAP required to support the
administration of ELHT and LTD plans;
Provide support to department processes during peak periods;
Provide support to special projects as required;
Act as back-up for other management team members as required;
Provide leadership in fostering equity and inclusiveness in the development and

implementation of programs and services;
and
Other duties as assigned.

Qualifications:

University Degree in Business Administration, Human Resources, Finance or related field with

three years progressively responsible related experience, or an equivalent combination of
education and experience;
Experience in ASO and insured group benefits arrangements.
Excellent mathematical and statistical skills;
Proven analytical, investigative, evaluative and problem-solving skills;
Expertise in the use of computer technology including HR/Payroll Information Systems and

advanced level skil