Sr. Analyst, Calculations

Responsibilities

• Support the Actuarial Solutions team with the following:
• All off-system calculations by either reviewing or preparing for review the calculation details and any corresponding information required to be managed through the business process
• Recommending enhancements to calculation standards and procedures for all off-system tools
• Preparation of actuarial materials for internal meetings
• Being a resource to other areas of Plan Operations for ongoing operations and for special projects when they arise from time to time
• Working with the internal HOOPP audit group as required
• Support the Member Services Team with the following:
• Conduct processing reviews of cases including review of calculation methodologies, to ensure overall accuracy and quality of member files
• Conduct production validation of QAMs for off-system processing
• Analyze data to identify quality issues
• Prepare statistics reports summarizing and analyzing findings
• Provide recommendations for corrections (in accordance with applicable corrections policies), where applicable
• Recommend improvements to methodologies as applicable
• Liaise with Client Services as applicable
• Support the Cyclical Processes, Payroll and Data team with the following:
• Accountable for calculation support and audit for cyclical processes (Salary Indexing, COLA, Annual Calculations, Annual Statements, COLA Statements)
• Available to support data quality, actuarial and pre/post audit as required
• Perform data validations to ensure correctly imported to Ariel DB and can be used for calculation purposes
• Be a resource when information is needed on how data is stored in Insight/Ariel DB/Ariel Payroll
• Product Support: a nalyze complex production problems related to system implementations and releases, troubleshoot for system limitations, report and escalate issues through appropriate channels.
• Accountable for business specifications and coordination relating to special projects including but not limited to benefit improvement, mergers, data health assessments, demographic studies, etc.
• Maintain a standard of information sharing
• Ensure other team members are up to date on any issues/workarounds/process flow changes, etc. regarding event processing
• Maintain contact with the Client Services Team, Training Team, Data Integration Team and other Operational Support teams as required
• Maintain actuarial tools and documentation and processes for purposes of on and off-system calculations. Update internal wiki pages with information related to calculation procedures and actuarial pages
• Collaborate with other divisions of the organization, including middle to senior management, to provide direction, advice, tr

Benefits

Additional Information

Why you'll love working here: high-performance, people-focused culture our commitment that equity, diversity, and inclusion are fundamental to our work environment and business success, which helps employees feel valued and empowered to be their authentic selves learning and development initiatives, including workshops, Speaker Series events and access to LinkedIn Learning, that support employees' career growth membership in HOOPP's world class defined benefit pension plan, which can serve as an important part of your retirement security competitive, 100% company-paid extended health and dental benefits for permanent employees, including coverage supporting our team's diversity and mental health (e.g., gender affirmation, fertility and drug treatment, psychological support benefits of $2,500 per year, parental leave top-up, and a health spending account). optional post-retirement health and dental benefits subsidized at 50% yoga classes, meditation workshops, nutritional consultations, and wellness seminars the opportunity to make a difference and help take care of those who care for us, by providing a financially secure retirement for Ontario healthcare workers Job Summary: The Sr. Calculations Analyst ("Sr. Analyst") is primarily responsible for ensuring that quality is inherent in all HOOPP processes by supporting the mandate of the Operations Support and Actuarial Solutions area. The position requires technical expertise to perform in-house review of all technical questions regarding calculations by applying the use of the Plan Text and internal policies from the Plan Operations business. This role also requires the preparation and/or review of all calculations not performed on the administration system, assistance with certain individual member benefit costings, analysis and summary of certain demographic populations with known calculation defects (including summarizing resulting calculation details and preparation of presentation material), and assistance in modelling individual member calculations in support of the proposed Plan changes and Plan design. From time to time the role will require coordination with other areas of Operations Support (such as Data, Policy, and Operational Controls), Client Services, and PSG Pension Solutions Group.

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