Robert Bornstein Email & Phone Number

Toronto, On, Ca

Toronto, On, Ca

Toronto, Ontario, Ca

Strategic advisor to Senior Management and internal committees. Provide analytics and recommendations to guide decision making to ensure pension and benefits plans are financially sustainable and market competitive. Focus on pension and benefits governance, ensuring policies are consistent with legislation and collective bargaining agreements. Led all operational activities for the pension and benefits plans. Fostered a continuous improvement mentality and plan for internal pension and benefits administration.KEY ACCOMPLISHMENTS:• Led a benefits plan redesign: used the results of an employee survey to understand which benefits are most important to employees; enhanced coverage levels and introduced new programs while staying within budget• Initiated a governance review of the defined contribution plan’s investments and fee structure, resulting in the introduction of Target Date and low-cost indexed funds which included a Shariah-compliant investment option• Optimized pension operational practices: reduced the effort to reconcile and prepare remittances and redesigned the payment authorization process

Toronto, Ontario, Ca

Toronto, Ontario, Ca

Toronto, On, Ca

Responsible for the governance of the Canadian and US pension and savings plans sponsored by the Weston-Loblaw group of companies. Trustee on group benefits plans, overseeing renewals, formulary design and financials. Contributor to multiple pension committees: prepared plan amendments and resolutions, and served as Chair or consultant. Managed relationships with actuaries, and third-party administrators (pension, benefits and share-ownership plans). Purview of over 35 pensions plans and 20-plus savings programs.KEY ACCOMPLISHMENTS:• Managed a consolidation initiative to merge 24 registered pension plans into 5, resulting in savings on administration fees and company contributions• Harmonized four 401(k) plans into one Safe Harbor plan, reducing annual costs• Expanded a benefits plan’s formulary to cover treatments that reduced absenteeism• Designed and initiated a pension and savings awareness program, facilitating onsite and virtual sessions

Toronto, On, Ca

Toronto, Ontario, Ca

Managed activities related to developing and maintaining Canadian and US pension and savings programs: recommended and implemented policies, and reviewed and drafted pension communications. Subject Matter Expert for the Bank’s Shared Services team with respect to membership and data queries, interpretation of plan provisions.IMPORTANT INITIATIVES:• Collaborated on the launch of an annual governance audit to mitigate financial risk, by reviewing third-party providers’ adherence to organizational controls and compliance with plan provisions and legislation• Assisted with contract renewal process: drafted addendums for legal department’s review, negotiated fees, established service metrics and associated fees-at-risk• Led the revamp of the employee intranet knowledge base for pension and savings information

Toronto, Ontario, Ca

Accountable for a pension administration team’s work, supporting numerous clients: monitored all deliverables and ensured service delivery as per SOC 1 controls and service-level agreements. Responsible for project planning, talent management, budget forecasting, invoicing, pricing fee-for-service projects and maintaining client relations.KEY ACCOMPLISHMENTS:• Oversaw the implementation of additional systems automation to remove manual workarounds, which improved three accounts’ annual recovery ratios• Refined SOC 1 controls to define annual audit’s scope; created and implemented a Control Self-Assessment audit checklist to promote the accuracy of calculations• Assisted with the standardization of and improvements to the year-end data validation process, resulting in efficiency gains; provided training and prepared reference documents

Toronto, Ontario, Ca

Toronto, Ontario, Ca

Toronto, Ontario, Ca

London, England, Gb

Involved in all aspects of pension administration, prepared and/or reviewed calculations and cyclical projects: Pension Adjustments, Pension Adjustment Reversals, Past Service Pension Adjustments, valuation data extracts, annual statements, cost-of-living adjustments, Annual Information Returns, Form 7s and payment reconciliations. Loaded data and reviewed validation reports. Assisted clients’ HR teams and employees with pension legislation and plan provision questions.IMPORTANT INITIATIVES:• Collaborated on the implementation of new clients: mapped and imported data to the pension administration database; built legislatively compliant, client-specific Excel calculation tools; prepared procedural documentation• Revised the pension and retirement information section of a client’s employees’ pension and benefits handbook, updating plan provisions and legislative references• Appointed to business practice Advisory Committee to identify and improve workplace-related issues

London, England, Gb

Toronto, On, Ca

Master Of Arts

Bachelor Of Arts

Foundations Of Trust Management Standards

Retirement Plans Associate

Canadian Securities Course

Diplôme D’Études Françaises

Diplôme D’Études Collégiales