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
- Accounting education background with graduation, post-graduation, CA/CMA Inter.
- 4-6 years of relevant experience as well as fundamental knowledge in reading financial statements, accounting, and internal audit would be considered.
Additional Information
Skill set:
- Expert understanding of Accounting & Financial concepts & terminologies,
- Understanding of retirement benefits schemes available in India. Knowledge of US retirement benefits are added advantage
- Excel skills and tech savvy to handle large volume
- Excellent communication skills to explain the data / report to senior leaders and stakeholders
- Ability to build/develop relationship and stakeholder management
- Ability to adjust and flexibility to work in shifts to ensure timely deliverables.
- Ability to multitask & balance deliverables & capacity utilization for self
- Willingness to work in UK Shift (13:30PM to 22:30PM)
