Overview:
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.
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Complete monthly and quarterly general ledger reconciliations for benefit plans, noting that entries are reasonable and adjustments timely and accurate.
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Prepare Executive Benefit Plan disclosures for the Proxy, 10-K, and 10-Q.
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Build relationships with internal key stakeholders and external vendors to answer questions, coordinate large projects, and act as liaison between internal and external stakeholders.
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Develop and review program documentation for participants, various committees, and the Board of Directors.
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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.
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Draft and coordinate communications to directors and associates regarding matters related to the Executive Benefit Plans.
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Utilizes emotional intelligence to develop relationships with internal stakeholders.
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Associates are expected to perform all additional duties as assigned.
Qualifications:
- Bachelor's degree in Finance, Accounting, or related degree
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2 years of experience of post-graduation work experience in Accounting, Audit, or Finance
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Detail oriented
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Deadline management and prioritization
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Data input, consolidation, and transformation
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Quantitative data analysis, interpretation, and crafting presentation across common platforms (including Excel: pivot table, vlookups, complex nested formulas, SmartView, Adobe, etc…)
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Relationship management
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Knowledge of general accounting practices
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Interpersonal skills including effective written and verbal communication across various media platforms and channels
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Critical thinking and decision making
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Integrity and confidentiality
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Knowledge of Executive Benefit Programs preferred
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Master’s degree with concentration in Accounting preferred
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CPA license preferred
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Knowledge of Microsoft Word mail merge preferred
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Experience with General Ledger bookings and monthly close processes including balance sheet reconciliation/substantiation, journal entries, and variance analysis preferred
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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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