Senior Registered Products Administrator

Job information Senior Registered Products Administrator from the Company Scotiabank, this latest Senior Registered Products Administrator job vacancy is located in the city Toronto, ON. This latest job opening is open to job seekers who have the latest education / graduate . Job Vacancies in this Administrative field have been opened and published up to the specified time.

Job Responsibility:

Requisition ID: 204621 Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

The Senior Registered Products Administrator is responsible for various processes, procedures and transactions relating to the operation of Registered Education Savings Plans, Tax Free Savings Plans, Registered Retirement Savings Plans, Registered Retirement Income Plans and Locked-In plans across all business lines serviced. Their primary focus will be servicing business lines with the Registered Educations Savings Plan and may also be called upon to provide assistance with other products offered. They will ensure that all transactions are processed to the highest standard as per regulatory requirements under the Income Tax Act and various provincial and federal legislations/regulations.

Is this role right for you? In this role you will:

• Act as the primary contact for front-line field communication via phone calls, emails and written correspondence relating to legislation, rules, process, and procedures for various registered products, adhering to set Service Level Agreement (SLA) timeframes
• Review transaction requests and any accompanying documentation, ensuring accuracy and completeness prior to processing
• Review and process withdrawals for RESP accounts, contribution adjustments, and maintenance of notional information
• Review forms ensuring calculations are accurate as to type of request and are allowable within set governmental limits
• Be responsible for monthly and annual filing for grants and other incentives from the Canada Education Savings program, the Quebec Education Savings Incentive (QESI) and government incentive programs as required
• Analyze and resolve problem items, propose the best solution, and take action on corrections as agreed to by the field
• Set up Income Plan (RIF/LIF/LRIF) payment profiles and process payments for RIF accounts as required ensuring accuracy of tax rates, including special situation rates
• Review and process “unlocking” transactions as it relates to access to certain locked-in funds, ensuring submitted government and firm documents are reviewed prior to processing withdrawals and that the calculation as to the withdrawal is allowed
• Review and process special withdrawals/transfers/transactions reviewing all documentation provided by the field complies with all applicable rules prior to completion of the transactions
• Issue duplicate and amended tax receipts for contributions or transfers as requested by the field
• Review and set up pre-authorized contribution (PAC)
• Review exception/non-exception reports as assigned
• Sundry duties as assigned

Do you have the skills that will enable you to succeed in this role? – We’d love to work with you if you have:

• Post secondary education in Business and/or investment industry experience
• Experience with regulatory/compliance of Registered Products and rules pertaining to the Canada Education Savings Grant, Canada Learning Bond, Enhanced Canada Education Savings Grant, and Provincial Grants
• Strategic and analytical skills to problem-solve
• Effective interpersonal and communication skills both written and verbal
• An ability to manage multiple tasks, priorities, and projects
• Must be self-starter and independent task oriented, to work with minimum supervision
• A focus on efficiency, accuracy, quality, and are thorough and organized
• A clear focus on client service
• An ability to make routine decisions as needed
• An ability to be a Team player

Location(s): Canada : Ontario : Toronto Scotiabank is a leading bank in the Americas. Guided by our purpose: “for every future”, we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.