Trust Fund Accountant

This position is Onsite. Our office is located at 230 Lexington Green Circle, STE400 Lexington, KY 40503. 

UMR, UnitedHealthcare's third-party administrator (TPA) solution, is the nation's largest TPA. When you work with UMR, what you do matters. It's that simple . . . and it's that rewarding.

In providing consumer - oriented health benefit plans to millions of people; our goal is to create higher quality care, lower costs and greater access to health care. Join us and you will be empowered to achieve new levels of excellence and make a profound and personal impact as you contribute to new innovations in a vital and complex system. Opportunities are endless for your career development and advancement within UMR due to our record-breaking growth.

Regardless of your role at UMR, the support you feel all around you will enable you to do what you do with energy, quality, and confidence. So, take the first step in what is sure to be a fast - paced and highly diversified career.

As a Trust Fund Accountant, you will be responsible for maintaining accurate accounting records, financial reporting, and administration of multiemployer fringe benefit funds, including health and welfare, pension, annuity, apprenticeship, and other employee benefit plans. In this role, you will ensure compliance with applicable accounting standards, trust agreements, regulatory requirements, and internal control procedures. You will also collaborate with fund trustees, auditors, plan administrators, and contributing employers to support the effective management and financial integrity of the benefit plans.

This is a full-time on-site position, (40 hours / week), Monday - Friday. Employees must be available to work an 8-hour shift during regular business hours, which are 8:00 am - 5:00 pm. It may be necessary, given the business need, to work occasional overtime. The office is located at 230 Lexington Green Circle, STE400 Lexington, KY 40503. 

We offer weeks of on-the-job training. The hours of the training will be based on schedule or will be discussed on your first day of employment.  

Primary Responsibilities: 

Accounting and Financial Reporting

• Maintain the general ledger and accounting records for multiple fringe benefit funds
• Prepare monthly, quarterly, and annual financial statements and supporting schedules
• Record and reconcile contributions, benefit payments, investment activity, and administrative expenses
• Perform bank reconciliations and account analyses
• Prepare journal entries and maintain accurate accounting documentation
• Assist in the preparation of annual audited financial statements

Fund Administration Support

• Monitor employer contribution receipts and ensure proper allocation to fund accounts
• Reconcile employer contribution reports to deposited funds
• Research and resolve discrepancies related to contributions, benefit payments, and participant accounts
• Coordinate with third-party administrators, custodians, and investment managers regarding financial transactions

Compliance and Audit Support

• Ensure compliance with ERISA, Department of Labor (DOL), IRS regulations, and applicable accounting standards
• Assist with preparation of Form 5500 filings and supporting schedules
• Support annual financial audits and respond to auditor requests
• Maintain documentation for internal and external compliance reviews

Cash Management and Investments

• Monitor fund cash balances and liquidity requirements
• Record and reconcile investment transactions and earnings
• Assist in tracking investment performance and preparing related reports for trustees

Reporting and Analysis

• Prepare financial reports and analyses for trustees, fund administrators, and management
• Analyze variances and account activity and recommend corrective actions when necessary
• Support budgeting and forecasting processes for fund operations and administrative expenses

You'll be rewarded and recognized for your performance in an environment that will challenge you and give you clear direction on what it takes to succeed in your role as well as provide development for other roles you may be interested in.

Required Qualifications: 

• Bachelor's degree in Accounting, Finance, OR related field
• 1+ years of accounting experience in employee benefit plan, fund, trust, nonprofit, public, OR financial reporting accounting environments
• Understanding of accounting principles and experience preparing accurate and timely financial reports
• Proficiency in Microsoft Excel (formulas, VLOOKUP, sorting & filtering, pivot tables) and accounting software
• Experience supporting audits with minimal adjustments
• Experience with account reconciliations and month-end close processes
• Experience researching and resolving accounting discrepancies
• Flexibility to work additional hours during audit periods, year-end close, and regulatory filing deadlines
• Must reside within a commutable distance to the office located at 230 Lexington Green Circle, STE400 Lexington, KY 40503
• Ability to travel up to 10% of the time (domestic) 
• Ability to work full-time on-site position, (40 hours / week), Monday - Friday. Employees must be available to work an 8-hour shift during regular business hours, which are 8:00 am - 5:00 pm. It may be necessary, given the business need, to work occasional overtime. 

Preferred Qualifications:

• Experience with employee benefit plans, multiemployer fringe benefit funds, union benefit funds, OR trust fund accounting
• Experience with ERISA-regulated plans
• Knowledge of ERISA, Form 5500 reporting, employee benefit plan accounting, and related regulatory reporting requirements

Soft Skills: 

• Strong analytical, critical thinking, and problem-solving skills
• Excellent organizational, time management, and prioritization abilities, with the capacity to manage multiple deadlines
• Effective verbal and written communication skills
• High degree of accuracy and attention to detail
• Professionalism, discretion, and ability to maintain confidentiality
• Adaptable, flexible, and accountable in a fast-paced environment

Pay is based on several factors including but not limited to local labor markets, education, work experience, certifications, etc. In addition to your salary, we offer benefits such as, a comprehensive benefits package, incentive and recognition programs, equity stock purchase and 401k contribution (all benefits are subject to eligibility requirements). No matter where or when you begin a career with us, you'll find a far-reaching choice of benefits and incentives. The salary for this role will range from $49,700 - $88,800 annually based on full-time employment. We comply with all minimum wage laws as applicable.

At UnitedHealth Group, our mission is to help people live healthier lives and make the health system work better for everyone. We believe everyone-of every race, gender, sexuality, age, location, and income-deserves the opportunity to live their healthiest life. Today, however, there are still far too many barriers to good health which are disproportionately experienced by people of color, historically marginalized groups, and those with lower incomes. We are committed to mitigating our impact on the environment and enabling and delivering equitable care that addresses health disparities and improves health outcomes - an enterprise priority reflected in our mission.

UnitedHealth Group is an Equal Employment Opportunity employer under applicable law and qualified applicants will receive consideration for employment without regard to race, national origin, religion, age, color, sex, sexual orientation, gender identity, disability, or protected veteran status, or any other characteristic protected by local, state, or federal laws, rules, or regulations.

UnitedHealth Group is a drug - free workplace. Candidates are required to pass a drug test before beginning employment.

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