Benefits & Pension Accounting Program Manager

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Job description

JOB TITLE: Benefits & Pension Accounting Program Manager

TOP 3 SKILLS: Accounting, Benefits/Retirement, Program Management

LOCATION: San Jose, CA

DURATION: Permanent

RATE RANGE: $140-200k

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 License

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