Assistant Trust Accountant
About The Position
Provide accounting support for the recordkeeping activities of the Retirement Services Division including assisting in the preparation of applicable tax returns, client and governmental reports. This role involves keeping informed of new developments, policies, procedures, laws and regulations concerning retirement plans, IRA’s and all retirement services accounts. The Assistant Trust Accountant will assist in the completion of retirement plan participant allocations and administrative & recordkeeping functions by utilizing accounting systems and other computer resources, meeting daily departmental deadlines for mutual funds, trades, pricing, 401(k) company contributions and distributions. The position also supports account balancing to the Trust system, verifies accurate division accounting records, and assists Retirement Services staff with daily operations. Additionally, the role supports administration in the recordkeeping of the unit in accordance with governing instruments, policies, procedures, regulations, and laws, and assists with the preparation of quarterly reports, participant statements, statement mailings, required governmental reports (including Form 5500), plan-related ERISA audit information, and Qualified Plan Testing (ADP, ACP and Top Heavy). The role also assists with the enrollment of new plans and participants. Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.
Requirements
- Bachelor's Degree in Business Administration, Accounting or Finance field, or in lieu of a degree, post high school education with two years experience in accounting, finance or retirement services.
- Communication Proficiency (Oral and Written)
- Strong Computer Skills (Microsoft Products)
- Analytical Skills
- Interpersonal Skills
- Customer/Client Focus
- Deadline Oriented
- Ethical Conduct
Responsibilities
- Keep informed of new developments, policies, procedures, laws and regulations concerning retirement plans, IRA’s and all retirement services accounts.
- Assist in the completion of retirement plan participant allocations and the administrative & recordkeeping functions by utilizing accounting systems and other computer resources.
- Meet daily departmental deadlines to include mutual funds, trades and pricing, as well as 401(k) company contributions and distributions.
- Assist with account balancing to the Trust system and verify that accurate division accounting records are up-to-date.
- Assist the Retirement Services staff with the daily operation within the department.
- Support the administration in the recordkeeping of the unit in accordance with the terms of the governing instrument, applicable policies, procedures, regulations and laws.
- Assist with the preparation of quarterly reports, participant statements, and statement mailings.
- Assist in preparation of required governmental reports, including Form 5500, and any plan related ERISA audit information and packages on a timely basis for assigned institutional trust accounts.
- Assist with the preparation and review of Qualified Plan Testing (ADP, ACP and Top Heavy) required by ERISA.
- Assist with the enrollment of new plans and participants.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
