Trust Junior Accountant
Trust Junior Accountant
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Job Description
FuturePlan is the nations largest thirdparty administrator (TPA) of retirement plans partnering with advisors in all 50 states. FuturePlan delivers the best of both worlds: hightouch personalized service from local TPAs backed by the strength and security of a large national firm Ascensus. Our roots go back decades with nearly 30 outstanding legacy firms now joined together to deliver unmatched levels of service innovation and expertise to a fastgrowing client base from coast to coast. The FuturePlan team includes more than 500 credentialed plan professionals 60 actuaries and one of the industrys largest inhouse ERISA teams. Learn more at FuturePlan.
Section 1: Position Summary
Responsible for performing financial administrative and clerical services for multiple employer benefit trust clients including: Gathering and processing financial data to assist Senior Accountant in completion of periodic financial statements preparing reports of financial and statistical data and assisting/supporting the Senior Accountant in various general accounting duties such as journal entries account reconciliations and other monthend or periodic processes. Effectively communicate with internal sources as well as Clients Trustees and other business partners.
Section 2: Job Functions Essential Duties and Responsibilities
Accounts Payable
Accurately code invoices for correct G/L posting as needed
Enter invoices in Peachtree and Business Works for payment
Manage the various payments via check or wire transfer including attaining trustee signature and mailing to appropriate vendors
Communicate effectively with Clients and Vendors regarding accounts payable
Maintain vendor account information
Research and resolve vendor issues
Prepare and issue annual 1099s W2s and W3s as needed
Payroll Processing for Trust Client Employees as required
Remit payroll taxes
General Ledger/MonthEnd Process for Multiple Trust Clients
Research and resolve discrepancies in financial data related to A/P
Verify and post bank transfer activity as required
Accumulate data and post journal entries (recurring and as directed by Senior Accountant)
Calculate broker commissions as needed print checks and prepare accompanying letters
Prepare required monthly financial reports for trustees as requested
Audit Assistance
Maintain financial files and documents according to established guidelines
Ensure thorough and complete audit trail for all journal entries and adjustments
Assist in producing requested documentation for annual trust audits
Assist Sr Accountant in answering auditor questions regarding internal controls etc.
Maintain audit file of backup documentation
General Ledger
Post Cash Receipts for Trusts as required
Prepare biweekly journal entries for Payroll
Prepare and post journal entires of all monthly expenses per bank statements as required
Prepare retirement dental and medical benefits worksheets for AP
Prepare quarterly and Year end EDD and IRS payroll Reports
Other
Ensure proper maintenance and online storage of financial data
Monitor Cash position of various trust operating accounts
May be required to work extra hours during peak periods
- Responsible for protecting securing and proper handling of all confidential data held by Ascensus to ensure against unauthorized access improper transmission and/or unapproved disclosure of information that could result in harm to Ascensus or our clients.
- Our IClient service philosophy and our Core Values of People Matter Quality First and Integrity Always should be visible in your actions on a day to day basis showing your support of our organizational culture.
- Assist with other tasks and projects as assigned
Section 3: Experience Skills Knowledge Requirements
- Minimum of three years accounting experience Trust administration or related environment is a plus
- Critical thinking analysis detail orientation and customer service preferred
- Four year accounting degree preferred
- Knowledge of Generally Accepted Accounting Principles
- Strong knowledge of math and accounting functions required to reconcile accounts and prepare monthly financials
- Knowledge of multiple employer benefit trust tax reporting and audit requirements including deadlines and related penalties is a big plus
- Knowledge of methods for goal setting
- Organizational skills and ability to set priorities consistent with service standards
- Excellent attention to detail and ability to review and ensure quality of team member work
- Selfstarter with ability to take initiative effectively evaluate situations and implement solutions
- Ability to multitask meet deadlines and work closely with others in a team setting
- Ability to effectively communicate both in writing and orally with a wide range of contacts in a professional manner
- Ability to maintain a positive attitude when addressing client questions and problems
- Accounting and Math Skills: required for reconciling bank accounts and preparing cash basis and accrual basis financials in accordance with GAAP
- Software Skills: MS Office 2007 (Excel Word Outlook) with intermediate to advanced Excel skills Peachtree and Business Works
- Accounting system conversion skills a big plus
- Ability to document and maintain operations and accounting procedures
- Promote a positive and professional working environment
We are proud to be an Equal Opportunity Employer
Be aware of employment fraud. All email communications from Ascensus or its hiring managers originate from @ascensus or @futureplan email addresses. We will never ask you for payment or require you to purchase any equipment. If you are suspicious or unsure about validity of a job posting we strongly encourage you to apply directly through our website.
Required Experience:
Junior IC
Employment Type
Full-Time
