Manager, Benefits and Wellbeing - Audit & Accounting

Walmart • Bentonville, AR

237d • $80,000 - $155,000

About The Position

As the Manager of Accounting and Audit, you will play a critical role in ensuring the financial integrity and regulatory compliance of Walmart’s employee benefits plans. This position offers the opportunity to oversee significant financial reporting and auditing operations, while collaborating with key stakeholders to support the wellbeing of over 1.6 million associates and their families. The Manager of Accounting and Audit is pivotal in managing the financial and compliance aspects of our benefits plans, contributing significantly to Walmart's goal of providing an exceptional associate experience.

Requirements

• Bachelor's degree in Business, Human Resources, Finance, Accounting, or related field OR 2 years' experience in human resources, group benefits management, group benefits administration, or relevant area.
• Experience with ERISA regulations, DOL and IRS requirements, and Form 5500 filings to ensure the plan's compliance and avoid penalties.
• Strong background in financial reporting under GAAP, managing audits, and implementing internal controls specific to benefit plans.
• Experience overseeing complex financial statements and resolving audit findings.
• Experience in identifying and mitigating financial and compliance risks, with the ability to analyze complex issues, implement corrective actions, and maintain robust controls to protect plan assets.
• Ability to communicate with auditors, finance managers, third-party administrators, and senior leadership effectively.

Nice To Haves

• Microsoft Office proficiency
• Project Management experience
• Supervising Associates experience
• Project Management Professional Certification

Responsibilities

• Ensure Compliance with ERISA Regulations: Adhere to ERISA requirements, including timely filing of Form 5500, maintain fiduciary responsibility, and ensure plan operations align with DOL and IRS regulations.
• Manage Financial Reporting and Auditing: Manage the preparation of accurate financial statements for the plan, coordinate annual audits, and ensure compliance with GAAP and ERISA-specific reporting standards.
• Monitor Plan Funding and Expenses: Supervise the accounting of contributions, benefits payments, and administrative expenses, ensuring proper allocation of funds and maintaining the plan's financial integrity.
• Manage Internal Controls and Risk: Develop and enforce robust internal controls to safeguard plan assets, mitigate fraud risks, ensure accurate recordkeeping, and address audit findings by implementing corrective actions.
• Communicate with Stakeholders and Vendors: Serve as a primary point of contact with auditors, actuaries, corporate accountants, finance managers, and third-party administrators, ensuring clear communication and alignment on plan objectives, financial performance, and compliance requirements.

Benefits

• Health benefits including medical, vision and dental coverage.
• Financial benefits including 401(k), stock purchase and company-paid life insurance.
• Paid time off benefits including PTO (including sick leave), parental leave, family care leave, bereavement, jury duty, and voting.
• Short-term and long-term disability.
• Company discounts.
• Military Leave Pay.
• Adoption and surrogacy expense reimbursement.
• Live Better U education benefit program for full-time and part-time associates.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager
• Industry: General Merchandise Retailers
• Education Level: Bachelor's degree