A Compensation or Benefits Analyst evaluates and works to maintain the pay structure and benefits program at an organization. Analyzes wage and salary data and trends, monitors market conditions; works with benefits vendors, processes benefit claims for employees; monitors government employment regulations. May focus specifically on job classifications and compensation or on benefits programs such as pensions.
Executive Benefits & Compensation Analyst I Trustmark Bank - 3.7 Jackson, MS Job Details Full-time 15 hours ago Benefits Life insurance Retirement plan Qualifications Bachelor's degree Stakeholder relationship building
Full Job Description 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. Complete monthly and quarterly general ledger reconciliations for benefit plans, noting that entries are reasonable and adjustments timely and accurate. Prepare Executive Benefit Plan disclosures for the Proxy, 10-K, and 10-Q. Build relationships with internal key stakeholders and external vendors to answer questions, coordinate large projects, and act as liaison between internal and external stakeholders. Develop and review program documentation for participants, various committees, and the Board of Directors. 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. Draft and coordinate communications to directors and associates regarding matters related to the Executive Benefit Plans. Utilizes emotional intelligence to develop relationships with internal stakeholders. Associates are expected to perform all additional duties as assigned.
Qualifications:
Bachelor's degree in Finance, Accounting, or related degree 2 years of experience of post-graduation work experience in Accounting, Audit, or Finance Detail oriented Deadline management and prioritization Data input, consolidation, and transformation Quantitative data analysis, interpretation, and crafting presentation across common platforms (including
Excel:
pivot table, vlookups, complex nested formulas, SmartView, Adobe, etc…) Relationship management Knowledge of general accounting practices Interpersonal skills including effective written and verbal communication across various media platforms and channels Critical thinking and decision making Integrity and confidentiality Knowledge of Executive Benefit Programs preferred Master's degree with concentration in Accounting preferred CPA license preferred Knowledge of Microsoft Word mail merge preferred Experience with General Ledger bookings and monthly close processes including balance sheet reconciliation/substantiation, journal entries, and variance analysis preferred 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. Trustmark Bank does not accept unsolicited resumes from agencies and/or search firms for any job postings on this site. Resumes submitted to any Trustmark Bank employee by a third-party agency and/or search firm without a valid, written search agreement signed by Trustmark, will become the sole property of Trustmark Bank. No fee will be paid if a candidate is hired for a position as a result of an unsolicited agency or search firm referral.