Trust Fund Accountant

UnitedHealth Group•Lexington, KY

37d•$49,700 - $88,800•Onsite

About The Position

This position is Onsite. Our office is located at 230 Lexington Green Circle, STE400 Lexington, KY 40503. UMR, UnitedHealthcare’s third-party administrator (TPA) solution, is the nation’s largest TPA. When you work with UMR, what you do matters. It's that simple . . . and it's that rewarding. In providing consumer - oriented health benefit plans to millions of people; our goal is to create higher quality care, lower costs and greater access to health care. Join us and you will be empowered to achieve new levels of excellence and make a profound and personal impact as you contribute to new innovations in a vital and complex system. Opportunities are endless for your career development and advancement within UMR due to our record-breaking growth. Regardless of your role at UMR, the support you feel all around you will enable you to do what you do with energy, quality, and confidence. So, take the first step in what is sure to be a fast - paced and highly diversified career. As a Trust Fund Accountant, you will be responsible for maintaining accurate accounting records, financial reporting, and administration of multiemployer fringe benefit funds, including health and welfare, pension, annuity, apprenticeship, and other employee benefit plans. In this role, you will ensure compliance with applicable accounting standards, trust agreements, regulatory requirements, and internal control procedures. You will also collaborate with fund trustees, auditors, plan administrators, and contributing employers to support the effective management and financial integrity of the benefit plans. This is a full-time on-site position, (40 hours / week), Monday - Friday. Employees must be available to work an 8-hour shift during regular business hours, which are 8:00 am - 5:00 pm. It may be necessary, given the business need, to work occasional overtime. The office is located at 230 Lexington Green Circle, STE400 Lexington, KY 40503. We offer weeks of on-the-job training. The hours of the training will be based on schedule or will be discussed on your first day of employment.

Requirements

Bachelor's degree in Accounting, Finance, OR related field
1+ years of accounting experience in employee benefit plan, fund, trust, nonprofit, public, OR financial reporting accounting environments
Understanding of accounting principles and experience preparing accurate and timely financial reports
Proficiency in Microsoft Excel (formulas, VLOOKUP, sorting & filtering, pivot tables) and accounting software
Experience supporting audits with minimal adjustments
Experience with account reconciliations and month-end close processes
Experience researching and resolving accounting discrepancies
Flexibility to work additional hours during audit periods, year-end close, and regulatory filing deadlines
Must reside within a commutable distance to the office located at 230 Lexington Green Circle, STE400 Lexington, KY 40503
Ability to travel up to 10%25 of the time (domestic)
Ability to work full-time on-site position, (40 hours / week), Monday - Friday. Employees must be available to work an 8-hour shift during regular business hours, which are 8:00 am - 5:00 pm. It may be necessary, given the business need, to work occasional overtime.
Strong analytical, critical thinking, and problem-solving skills
Excellent organizational, time management, and prioritization abilities, with the capacity to manage multiple deadlines
Effective verbal and written communication skills
High degree of accuracy and attention to detail
Professionalism, discretion, and ability to maintain confidentiality
Adaptable, flexible, and accountable in a fast-paced environment

Nice To Haves

Experience with employee benefit plans, multiemployer fringe benefit funds, union benefit funds, OR trust fund accounting
Experience with ERISA-regulated plans
Knowledge of ERISA, Form 5500 reporting, employee benefit plan accounting, and related regulatory reporting requirements

Responsibilities

Maintain the general ledger and accounting records for multiple fringe benefit funds
Prepare monthly, quarterly, and annual financial statements and supporting schedules
Record and reconcile contributions, benefit payments, investment activity, and administrative expenses
Perform bank reconciliations and account analyses
Prepare journal entries and maintain accurate accounting documentation
Assist in the preparation of annual audited financial statements
Monitor employer contribution receipts and ensure proper allocation to fund accounts
Reconcile employer contribution reports to deposited funds
Research and resolve discrepancies related to contributions, benefit payments, and participant accounts
Coordinate with third-party administrators, custodians, and investment managers regarding financial transactions
Ensure compliance with ERISA, Department of Labor (DOL), IRS regulations, and applicable accounting standards
Assist with preparation of Form 5500 filings and supporting schedules
Support annual financial audits and respond to auditor requests
Maintain documentation for internal and external compliance reviews
Monitor fund cash balances and liquidity requirements
Record and reconcile investment transactions and earnings
Assist in tracking investment performance and preparing related reports for trustees
Prepare financial reports and analyses for trustees, fund administrators, and management
Analyze variances and account activity and recommend corrective actions when necessary
Support budgeting and forecasting processes for fund operations and administrative expenses