Remote Retirement Plans Financial Analyst

Winston Taylor LLP; Chicago (IL); Remote; USD 90,000 - 110,000; Full time

Benefits offered by this job

Comprehensive benefits

Job summary

Winston Taylor LLP seeks a Financial Analyst in Illinois for a fully remote role within commuting distance of the Chicago office. The position focuses on retirement plan finances, preparing data for 401(k) and Cash Balance plans, reconciliations, and annual audits.

The ideal candidate holds a Bachelor’s degree in finance or accounting, 2+ years of relevant experience, and strong Excel skills. Experience with Aderant CMS Open and financial reporting is preferred.

Qualifications

• Bachelor’s degree in finance or accounting required.
• 2+ years of relevant finance or accounting experience required.
• Proficiency in Microsoft Excel required.
• Experience with Aderant (CMS Open) and knowledge of accounting systems, procedures, and principles preferred.
• This role is fully remote but must reside within a commutable distance to the applicable firm’s office.
• Excellent oral and written communications skills, including the ability to organize and present detailed and complicated information in an easily understandable format.
• Strong interpersonal and negotiating skills required to communicate effectively with all levels of firm personnel.
• Ability to identify and analyze financial issues related to the financial statements.
• Strong organization skills and attention to detail.

Responsibilities

• Prepares monthly 401(k), Profit Sharing reconciliations between payroll and the general ledger.
• Prepares monthly 401(k) & Profit Sharing reconciliations between payroll & Fidelity.
• Processes Profit Sharing contributions for staff with Fidelity via uploading to Fidelity’s website. Resolve any issues. Book journal entries in CMS/general ledger to record payment of these payroll deductions to Fidelity.
• Processes 401(k) contribution, Partner Profit Sharing contributions, and loan payroll deductions with Fidelity including regular payrolls and off cycle payrolls. Resolve any issues. Book journal entries in CMS/general ledger to record payment of these payroll deductions to Fidelity.
• Prepare and file annual benefit plan 5500’s & SSA extensions with the IRS.
• Compiles contribution and loan information for staff and partner comparison reconciliation between Ulti and Fidelity for regular payrolls and off cycle payrolls.
• Update 401(k) Activity and Balances and Fund Performance Report for the Monthly Retirement Plans Committee meetings.
• Post monthly Fund Performance to Firm’s intranet; distribute report Firmwide.
• Review and process quarterly BAML fee for ESP and Fidelity invoices.
• Monitor and process Quarterly Fidelity Expense Credit Reimbursement.
• Assist with updating annual Summary Plan Descriptions, Investment & Enrollment Guides, and new hire memos, including posting updated documents to firm’s intranet.
• Prepare monthly Cash Balance Plan by participant reports from Willis Towers Watson and monthly investment performance reports from BAML. Identify and resolve any issues.
• Prepare monthly Cash Balance Plan reconciliation between participant accounts and Bank of America Merrill Lynch (BAML). Identify issues and work with BAML on proper resolution.
• Compile Cash Balance Plan Distribution and In Service Withdrawal rollover forms and create distribution forms. Identify and resolve any issues. Work with BAML to process distributions and resolve any wire or check issues.
• Organize information and prepare partner statements for annual Cash Balance Plan In Service Withdrawals, to be distributed to eligible participants.
• Distribute quarterly Cash Balance Plan statements to termed participants.
• Analyze monthly and quarterly Cash Balance Plan invoices from BAML. Work with BAML on any issues to ensure Firm is charged correctly.
• Assists in the annual Firm audit and the Retirement Plans audits. Prepare required schedules, reports, and financial statements. Work with auditors to resolve any open issues.
• Assists in annual 401(k) tax filing including annual financials and Schedule of Assets and SSA’s with the Internal Revenue Service.
• Assists in review of Summary Annual Reports for the 401(k) Plan for distribution to all Plan participants.
• Updates CTR site with various documents – 401(k) 5500’s & SSA’s & misc items.
• Analyze and prepare quarterly reconciliations for 401(k) Plan suspense/forfeiture accounts.
• Prepare schedules for annual Firm financial audit and tax returns, to include information related to the 401(k) Savings Plan and Cash Balance Plan.
• Assists with miscellaneous analysis projects and other special/on-going projects, including retirement plan surveys.
• Maintains updated procedure documentation for all areas of responsibility.
• Assist with related special projects.

Skills

Microsoft Excel

Financial analysis

Communication skills

Organization

Education

Bachelor’s degree in finance or accounting

Tools

Aderant CMS Open

Job description

Winston Taylor LLP seeks a Financial Analyst in Illinois for a fully remote role within commuting distance of the Chicago office. The position focuses on retirement plan finances, preparing data for 401(k) and Cash Balance plans, reconciliations, and annual audits.

The ideal candidate holds a Bachelor’s degree in finance or accounting, 2+ years of relevant experience, and strong Excel skills. Experience with Aderant CMS Open and financial reporting is preferred.