Trust Fund Accountant

About the role

This position is Onsite. Our office is located at 230 Lexington Green Circle, STE400 Lexington, KY 40503.

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
• Aid 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
• Collaborate 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
• Aid in the 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
• Aid 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

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% 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.

Qualifications

• Required Qualifications
• Preferred Qualifications

Skills

• 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

Benefits

We offer a comprehensive benefits package, incentive and recognition programs, equity stock purchase, and 401k contribution (all benefits are subject to eligibility requirements).