Overview: Position SummaryThe associate performs the daily responsibilities of Benefits Accounting related to the review, analysis, reconciliation and maintenance of the balance sheet and intercompany accounts on a monthly/quarterly/yearly basis.
The associate will also be responsible for designing the accounting processes for new benefits and programs and creating reporting efficiencies in the department.
The associate is also responsible for the recording of transactions in PeopleSoft and the monthly closing of the Benefits Department’s general ledger.
The associate is responsible for analysis of reports from third party administrators and consulting actuaries related to health and welfare and retirement benefits and worker’s compensation which support the preparation of related journal entries.
Responsibilities also include providing supporting analyses to the Benefits Operations Team.
The associate will support compliance with the reporting requirements of the Affordable Care Act.
Job ResponsibilitiesReview third party administrator reports used to prepare related intercompany and corporate journal entries.Support the Benefits Operations team with financial analyses.Review and document transactions and perform month end close procedures for the Benefits department.Working with corporate accounting, payroll and IT departments, determine accounting treatment for new benefit programs.Develop an understanding of the Benefits program and of the reporting requirements of the Affordable Care Act to liaise with Affordable Care Act vendor and AutoNation IT.Develop an understanding of payroll processes for all benefits to support proper recording of transactions.Evaluate, track and respond to ACA notices.Ensure compliance with Benefits-related W2 reporting.Work with consulting actuaries to record reserve estimates for Health and Welfare and Worker’s Compensation reserves.Develop an understanding of the Company’s Worker’s Compensation program to support analyses, create estimates, and record related journal entries.Perform monthly/quarterly/yearly balance sheet and income statement analyses.Monthly/quarterly/yearly SG&A variance analysis against budget for the Benefits department.Monthly/quarterly/yearly review, maintenance, and reconciliation of various balance sheet accounts.Prepare bank reconciliations.Assist with annual budget preparation.Review and process Benefits department payables.Assist in the planning, execution, and reporting of special projects undertaken by the Benefits department.Serve as a resource to create reporting efficiencies in the department using advanced Excel skills.
Mandatory QualificationsFour (4) year degree in Accounting3
– 5 years related work experienceStrong technical accounting and financial analytical skillsStrong project management skillsStrong written and verbal communication skillsAdvanced MS Excel skills Preferred QualificationsInsurance or health and welfare benefits experience encouragedPeopleSoft experienceMS Access experience Organizational RelationshipsThe associate will report directly to the Sr.
Director, Benefits Financial Reporting, Retirement, and Relocationbut will interact directly with the Health and Welfare Benefits Operations Team, the Retirement Team, and with various store and regional personnel in the performance of daily responsibilities, assisting in answering questions and resolving intercompany billing issues.
The interface and maintenance of interactions with the AutoNation Finance department, AutoNation Payroll department, and AutoNation IT department is important as well.
The associate will also interact with various third party administrator teams and Benefits department vendors and consultants.
Next Possible PositionFinancial Manager