Senior Manager Compensation Benefits

Net2Source - San Jose, CA

Full-time

San Jose, CA

Administrative and Support Services

About the position

The Benefits & Pension Accounting Program Manager will be responsible for maintaining the pension and post-retirement plans' books and records. This role involves reviewing and approving monthly journal entries, as well as managing the monthly closing and reconciliation procedures. The Program Manager will ensure compliance with Sarbanes-Oxley (SOX) requirements by adhering to internal controls. Additionally, the position requires managing the preparation of the plans' year-end financial statements and footnote disclosures in accordance with Generally Accepted Accounting Principles (GAAP) and ERISA regulations. The Program Manager will participate in the plans' year-end audit processes and collaborate with the Company's independent auditor. This includes researching new accounting rules and updates, making recommendations regarding their applicability and implementation. The role also involves managing the preparation of Forms 5500 and other regulatory compliance filings required by the Internal Revenue Service and the Department of Labor. Furthermore, the Program Manager will prepare the GAAP pension/post-retirement disclosure for the Company's audited financial statements. Monitoring investment performance in accordance with the Company's asset allocation for post-retirement plan assets is another key responsibility. The Program Manager will work closely with the plans' custodian and actuaries to ensure that valuation inputs are appropriate and that pension-related disclosures are accurate. This includes verifying the accuracy of all plan custodian certified trust statements and reconciling the contents of the custodian-provided audit materials.

Responsibilities

• Maintain the pension/post-retirement plans' books and records.
• Review and approve monthly journal entries.
• Manage monthly closing and reconciliation procedures.
• Ensure compliance with Sarbanes-Oxley (SOX) requirements and internal controls.
• Prepare year-end financial statements and footnote disclosures in accordance with GAAP and ERISA regulations.
• Participate in year-end audit processes and work with the Company's independent auditor.
• Research new accounting rules and updates, making recommendations for applicability and implementation.
• Manage the preparation of Forms 5500 and other regulatory compliance filings.
• Prepare GAAP pension/post-retirement disclosures for the Company's audited financial statements.
• Monitor investment performance in accordance with the Company's asset allocation for post-retirement plan assets.
• Work closely with the plans' custodian and actuaries to ensure appropriate valuation inputs and accurate pension-related disclosures.
• Verify accuracy of all plan custodian certified trust statements and reconcile plan asset valuation contents.

Requirements

• Bachelor's degree in accounting, finance, or business administration.
• CPA and/or advanced degree with pension accounting experience is strongly preferred.
• Minimum of five years of related experience.
• Demonstrated leadership skills.
• Proficient in the use of Microsoft Office applications.
• Knowledge of Generally Accepted Accounting Principles (GAAP) and current FASB and AICPA disclosure and presentation issues.
• Ability to work effectively with all levels of employees and management.
• Excellent oral, written, and interpersonal skills.
• Detail-oriented, analytical, and possess strong organizational and problem-solving skills.
• Ability to prioritize and manage multiple assignments simultaneously.
• Knowledge in PeopleSoft Application is desirable.
• Valid California Driver License.

Nice-to-haves

• Experience with pension accounting regulations and compliance.
• Familiarity with ERISA regulations.
• Experience in audit processes and working with independent auditors.