Location: all cities,NY, USA
Trust Administrator, Third Party Administrator (Work from Home) $71K - $77K
Employment Type
Full-Time, Exempt
Backfill Position
This unique opportunity offers the successful candidate the chance to collaborate closely with the retiring team member, providing invaluable insights and hands-on experience over several months. This arrangement is meticulously designed to ensure a seamless transition, enabling the new hire to fully grasp the role's responsibilities and integrate smoothly into the team.
Why Work Here?
“We value experience, the desire to gain knowledge and the motivation to do your best.”
Job purpose
We are seeking a dedicated and skilled professional to join our team in anticipation of the upcoming retirement of a valued employee. This role is a testament to our commitment to innovation and our dedication to providing exceptional service to our clients. We invite talented and motivated individuals to join our dynamic team and contribute to our continued success.
The position will manage production between company's compliance consultants and Out Sourcing (OS) staff, respond to or assign internal and external inquiries to accountant team, respond to client questions in a professional, accurate and timely manner, manage year-end accounting for leveraged and non-leveraged Employee Stock Ownership Plans (ESOP), and assist in completing Form 5330's on Prohibited Transactions and on lost earnings.
Our ideal candidate is a successful college graduate with a BA in Accounting and a CPA (required), with a minimum of 10 years of experience in trust accounting, fund administration, forensic accounting, or related fields. The candidate should have proven leadership skills, demonstrated by at least three years of experience in leading teams, managing projects, and conducting training. Strong oral and written communication skills are essential. Expertise in auditing and a solid understanding of Generally Accepted Accounting Principles (GAAP) are mandatory. Proficiency in Microsoft Office and a strong aptitude for database software are also required. Completion of the American Society of Pension Professionals & Actuaries (ASPPA) Retirement Plan Fundamentals (RPF) course or holding an ASPPA designation is a plus.
LDSCO has well-defined strategies to meet our goals. However, success cannot be sustainable unless we commit to and work according to our values. First among these is Honesty in all aspects of our conduct. This includes acting with integrity in how we run our business, both with respect to our external dealings with customers, clients and competitors and in our internal dealings with our staff.
Job Description
• Lead the ongoing accounting and reporting requirements for a Pension Trust account.
• Assign and manage workloads to meet all trust deadlines effectively.
• Produce high-quality accounting records and reports in accordance with applicable guidelines.
• Ensure the timely filing of all required tax forms and remittances.
• Review and coordinate the distribution of quarterly and annual financial statement reports.
• Implement and utilize best practices for work paper documentation.
• Support the growth and development of department associates.
• Partner with department leadership to ensure the completion of intradepartmental tasks.
• Train the accounting team on various types of retirement plans.
• Manage assigned trust accounting for retirement plans.
• Serve as the liaison between the Out Sourcing (OS) team and clients, brokers, CPAs, and other retirement plan representatives.
• Oversee production coordination between the company's compliance consultants and the Out Sourcing (OS) team.
• Provide assistance and guidance to the trust accounting team on retirement plan issues.
• Track and report on monthly production goals.
• Respond to or delegate internal and external inquiries to the accounting team.
• Address client questions professionally, accurately, and promptly.
• Manage the year-end Form 5500 AAAP (As Accurate As Possible) project.
• Collaborate with the Client Relations team and compliance consultants to resolve complex retirement plans and assist with non-responsive clients.
• Participate in virtual client meetings to enhance communication, client satisfaction, and overall service quality.
• Attend management and department meetings regularly.
• Oversee year-end accounting for both leveraged and non-leveraged Employee Stock Ownership Plans (ESOP).
• Manage accounting for takeover retirement plans.
• Calculate lost earnings due to missed opportunities or payrolls.
• Assist in completing Form 5330 for Prohibited Transactions and lost earnings.
• Respond to third-party auditor inquiries for large filers.
• Manage the annual testing of various depositories for ASC upload capability to enhance retirement plan efficiency.
• Notify the trust accounting team and compliance consultants of any procedural changes or updates with depositories.
• Communicate any changes to government regulations to the trust accounting team.
• Assist compliance consultants in balancing retirement plans and completing Form 5500 for large cash basis plans, including Schedule H, A, C, D, and 4i attachments.
• Support the data collections team in acquiring necessary information.
• Identify gaps in knowledge and recommend training within the trust accounting team.
• Facilitate inter-departmental communication on retirement plan issues.
• Act as a backup for other team members as needed.
• Minimal travel required.
• Perform additional duties as assigned.
Required Qualifications
• Bachelor's degree in Accounting, Finance, or a related field.
• Minimum of 10 years of experience in Trust Accounting, Fund Administration, Forensic Accounting, or a similar discipline.
• Certified Public Accountant (CPA) designation required.
• Proficient in Microsoft Office products with a strong aptitude for database software.
• Excellent organizational and communication skills.
• Ability to manage multiple tasks efficiently.
• Strong attention to detail, with the ability to prioritize, manage tasks, and meet deadlines in a dynamic business environment.
• A team-oriented attitude with a willingness to support and help others succeed.
Preferred Qualifications
• Possession of the American Society of Pension Professionals & Actuaries (ASPPA) Retirement Plan Fundamentals (RPF) certification or an ASPPA designation is an advantageous asset.
Working conditions
This is a Work from Home (WFH) position, meaning the candidate will be employed by the company while working remotely outside of a traditional office environment. The candidate will adhere to standard office hours, typically from 8:00 a.m. to 5:00 p.m. Monday through Thursday, and from 8:00 a.m. to 2:00 p.m. on Fridays, based on their local time zone. There may be occasional variations in hours due to specific business needs and project requirements.
Physical requirements
The physical demands of this job include extended periods of sitting, frequent typing, and continuous visual review of data on a computer screen or monitor.
LDSCO provides a dynamic and rewarding work environment, enhanced by a comprehensive total compensation package that includes:
• Competitive Base Salary: Accompanied by standard annual bonuses and monthly incentive bonuses,
• Full Benefits Package: Includes company-paid employee health insurance, with voluntary options for dental, vision, additional life and accident insurance, and access to cafeteria plans,
• Paid Leave: Includes paid vacation, personal days, holidays, and a Fun Day program,
• Retirement Benefits: Employer-sponsored 401(k) plan with a 3% safe harbor contribution, along with participation in an Employer Stock Ownership Plan,
• Professional Development: Company-paid professional development and continued education expenses,
• Performance Recognition: Includes recognition and awards programs for outstanding performance,
• Flexible Work Arrangements: Options include a compressed workweek,
• Entrepreneurial Culture: Encourages innovation and initiative,
• Strong Team Environment: Fosters camaraderie through social and team-building activities,
• Employee Perks: Includes company discounts and company-sponsored events.
These elements together form the comprehensive total compensation package offered by LDSCO.
At LDSCO, we believe that diversity fosters a healthier, more vibrant workplace. We are proud to be an Equal Opportunity Employer. Additionally, LDSCO is committed to making reasonable accommodations for qualified applicants with disabilities, provided that such accommodations do not impose an undue hardship on our business operations.
How to Apply
Qualified candidates are encouraged to email their resume and salary expectations to Josie Flores, Hiring Manager, at ...@LDSCO.com.