Senior Analyst - Accounting

Responsibilities

Responsibilities

One of the service offerings by Principal RIS BU is providing support in setting up Employee Share Options Plan & providing all relevant administration support to the Clients.

Trust accounting is the process of collecting financial activity for an ESOP over a period to understand the 'big picture' of financial activity. The plan's whole performance must be analyzed before the administration process can be broken down to a participant level. The team prepares formal unaudited statements for the ESOP trust including a balance sheet and income statement including allocation, pre-allocation reports / calculations. This work is performed for various institutional clients all throughout the year.

Key Responsibilities

• Responsible for complete ownership for designated institutional clients - Preparing Trust reports, Distribution eligibility calculations, Preparation of annual Account balance statements & reporting packages
• Ability to read and understand financial statement with observations and findings with highest level of attention and accuracy.
• Accuracy with 401K accounting
• Work needs to be performed with limited / negligible supervision and requires using knowledge from available reading materials & procedures.
• Need to carefully assess and calculate the distribution amount related to the participants as there is high volume and complexity of transactions involved.
• Monitoring and analysis of data for various participants and able to prepare unaudited financial statement and / or report.
• Ability to reconcile data with an auditor mindset.
• Work with other team members and trouble shoot ad-hoc issues
• Suggest process efficiency ideas.

Qualifications

Qualifications

Additional Information

Skill set :

Skills Required

Financial Concepts, Accounting, Excel