Benefits Accounting Manager

Overview

• Lead and manage accounting for employee benefit plans, ensuring compliance and accuracy in reporting.
• Collaborate with HR, actuaries, and external vendors to analyze benefit plan performance and assumptions.
• Prepare and review journal entries, reconciliations, and disclosures for financial reporting purposes.
• Support quarterly and annual close processes, ensuring timely and precise reporting.
• Ensure compliance with US GAAP standards, including ASC 715 and related guidelines.
• Analyze liabilities, expenses, and pension obligations to provide actionable insights.
• Drive process improvements to enhance efficiency and accuracy in benefits accounting workflows.
• Assist with audit processes, ensuring adherence to internal controls and SOX compliance.

Key Responsibilities & Duties

• Oversee accounting and reporting for employee benefit plans, ensuring compliance with regulations.
• Prepare journal entries, account reconciliations, and disclosures for accurate financial reporting.
• Collaborate with HR and actuaries to evaluate benefit plan assumptions and performance.
• Analyze plan liabilities, expenses, and pension obligations to inform decision-making.
• Ensure adherence to US GAAP standards, including ASC 715 and related compliance.
• Support quarterly and annual financial close processes, ensuring timely reporting.
• Implement process improvements to optimize benefits accounting workflows and efficiency.
• Provide audit support, ensuring compliance with internal controls and SOX requirements.

Job Requirements

• Bachelor’s degree in Accounting, Finance, or a related field required.
• Minimum of 5 years of experience in accounting or financial reporting.
• Preferred 10 years of experience, including benefits or actuarial accounting.
• Strong knowledge of US GAAP standards, particularly ASC 715.
• CPA certification is preferred for this role.
• Proven ability to collaborate cross-functionally with HR, actuaries, and finance teams.
• Solid analytical skills to assess plan performance and liabilities effectively.
• Experience supporting audits, including external auditors and SOX compliance.