Benefits & Pension Accounting Program Manager
Company: California Water Service Company
Location: San Jose
Posted on: October 15, 2024
Job Description:
California Water ServiceJob Description:Summary:
The Benefits and Pension Accounting Program Manager is primarily
responsible for the on-going accounting for and reporting on the
Company's pension/post-retirement plans, consisting of defined
contribution, deferred compensation, defined benefit, and retiree
medical plans. This includes maintaining the plans' books and
records and the related Company expense and liability postings,
managing the plans' audits and assisting in the preparation of the
plans' financial statements as well as the pension/post retirement
footnote disclosure for the Company's Consolidated financial
statements in accordance with Generally Accepted Accounting
Principles (GAAP). This individual works closely with others within
Accounting, the Human Resources Benefits teams, the Employee
Benefits Finance Committee, as well as both internal and external
auditors, plan actuaries and plan custodians. The position reports
to the Controller and is located in San Jose, CA.ESSENTIAL
FUNCTION:
- Maintaining the pension/post retirement plans' books and
records, reviewing and approving monthly journal entries and
managing monthly closing and reconciliation procedures.
- Complies with Sarbanes-Oxley (SOX) requirements by ensuring
adherence to internal controls.
- Managing the preparation of the plans' year-end financial
statements and footnote disclosures in accordance with Generally
Accepted Accounting Principles (GAAP) and ERISA regulations.
- Participating in the plans year-end audit processes and working
with the Company's independent auditor.
- Researching new accounting rules and updates and making
recommendations as to applicability and implementation.
- Managing the preparation of the Forms 5500 and other Internal
Revenue Service and Department of Labor regulatory compliance
filings.
- Preparing the Generally Accepted Accounting Principles (GAAP)
pension/post retirement disclosure for the Company's audited
financial statements.
- Monitoring investment performance in accordance with the
Company's asset allocation for the post-retirement plan
assets.
- Working closely with the plans' custodian and the plans'
actuaries to ensure that valuation inputs are appropriate and that
pension related disclosures are accurate.
- Verifying accuracy of all plan custodian certified trust
statements and plan asset valuation reconciliation contents of the
custodian provided audit materials.MINIMUM QUALIFICATIONS:
- Bachelor's degree in accounting finance, or business
administration
- CPA and/or advanced degree with pension accounting experience,
strongly preferred
- Minimum of five years of related experience
- Must have demonstrated leadership skills
- Proficient in the use of Microsoft Office applications
- Knowledge of Generally Accepted Accounting Principles (GAAP) as
well as of current FASB and AICPA disclosure and presentation
issues
- Ability to work effectively with all levels of employees and
management
- Must possess excellent oral, written, and interpersonal
skills
- Must be detail-oriented, analytical, possess strong
organizational and problem-solving skills, and have the ability to
prioritize and manage multiple assignments simultaneously
- Knowledge in PeopleSoft Application is desirable
- Valid California Driver LicenseSalary Range: $117,400 -
$221,900Deadline to submit resume is Wednesday, October 16,
2024.The Equal Opportunity Policy of the Company is based upon the
philosophy that all people should be treated fairly and with
dignity. California Water Service, Hawaii Water Service, New Mexico
Water Service, Texas Water Service,and Washington Water Servicedo
not discriminate against any applicant or employee because of race,
color, religion, sex, national origin, or any other protected
class. The Company makes all employment decisions in a
non-discriminatory manner. EOE, VET, DISABILITIES.
Keywords: California Water Service Company, Fremont , Benefits & Pension Accounting Program Manager, Executive , San Jose, California
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