Job Description
The Executive Benefits & Compensation Analyst I is responsible for calculating the accounting for Trustmark’s bank owned life insurance (BOLI), Executive Benefit Plans [the Non-Qualified Deferred Compensation Plan (NQDC), the Supplemental Executive & Director Retirement Plan (SERP), the Stock Compensation Plan (SICP) and the Defined Benefit Retirement Plans (DBP)], and some general benefit programs.
Responsibilities
- Tracks multiple Executive Benefit programs through documentation and following the proper legal guidelines to ensure legal compliance and accurate reporting.
- Complete monthly and quarterly general ledger reconciliations for benefit plans, noting that entries are reasonable and adjustments timely and accurate.
- Prepare Executive Benefit Plan disclosures for the Proxy, 10-K, and 10-Q.
- Build relationships with internal key stakeholders and external vendors to answer questions, coordinate large projects, and act as liaison between internal and external stakeholders.
- Develop and review program documentation for participants, various committees, and the Board of Directors.
- Coordinate the process of granting and vesting of restricted stock awards under the SICP including determination of eligibility for annual grant and obtaining approval documentation needed.
- Coordinate the annual enrollment process, review participant elections and deferral amount for the NQDC.
- Draft and coordinate communications to directors and associates regarding matters related to the Executive Benefit Plans.
- Utilizes emotional intelligence to develop relationships with internal stakeholders.
- Associates are expected to perform all additional duties as assigned.
Qualifications
- Bachelor's degree in Finance, Accounting, or related degree
- 2 years of experience of post-graduation work experience in Accounting, Audit, or Finance
- Detail oriented
- Deadline management and prioritization
- Data input, consolidation, and transformation
- Quantitative data analysis, interpretation, and crafting presentation across common platforms (including Excel: pivot table, vlookups, complex nested formulas, SmartView, Adobe, etc…)
- Relationship management
- Knowledge of general accounting practices
- Interpersonal skills including effective written and verbal communication across various media platforms and channels
- Critical thinking and decision making
- Integrity and confidentiality
- Knowledge of Executive Benefit Programs preferred
- Master’s degree with concentration in Accounting preferred
- CPA license preferred
- Knowledge of Microsoft Word mail merge preferred
- Experience with General Ledger bookings and monthly close processes including balance sheet reconciliation/substantiation, journal entries, and variance analysis preferred
- Experience in updating dashboards and presentations through Excel and PowerPoint preferred
Physical Requirements & Working Conditions: Must be able to sit for long periods of time and use computer keyboard and/or mouse requiring hand and wrist manipulation, while viewing computer screens.
Disclaimer: Management retains the right to add, delete or modify the responsibilities and qualifications of the position at any time.
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