Job Description

Responsibilities:

Responsibilities

One of the service offerings by Principal RIS BU is providing support in setting up Employee Share Options Plan & providing all relevant administration support to the Clients.


Trust accounting is the process of collecting financial activity for an ESOP over a period to understand the "big picture" of financial activity. The plan's whole performance must be analyzed before the administration process can be broken down to a participant level. The team prepares formal unaudited statements for the ESOP trust including a balance sheet and income statement including allocation, pre-allocation reports/calculations. This work is performed for various institutional clients all throughout the year.

Key Responsibilities:

Responsible for complete ownership for designated institutional clients - Preparing Trust reports, Distribution eligibility calculations, Preparation of annual Account balance statements & reporting packages Ability to read and understand financial statement with observations and findings with highest level of attention and accuracy. Work needs to be performed with limited/negligible supervision and requires using knowledge from available reading materials & procedures. Need to carefully assess and calculate the distribution amount related to the participants as there is high volume and complexity of transactions involved. Monitoring and analysis of data for various participants and able to prepare unaudited financial statement and/or report. Ability to reconcile data with an auditor mindset. Work with other team members and trouble shoot ad-hoc issues Suggest process efficiency ideas.

Qualifications:

Qualifications

Accounting education background with graduation, post-graduation, CA/CMA Inter. 4-6 years of relevant experience as well as fundamental knowledge in reading financial statements, accounting, and internal audit would be considered.

Additional Information:

Skill set:



Expert understanding of Accounting & Financial concepts & terminologies, Understanding of retirement benefits schemes available in India. Knowledge of US retirement benefits are added advantage Excel skills and tech savvy to handle large volume Excellent communication skills to explain the data / report to senior leaders and stakeholders Ability to build/develop relationship and stakeholder management Ability to adjust and flexibility to work in shifts to ensure timely deliverables. Ability to multitask & balance deliverables & capacity utilization for self * Willingness to work in UK Shift (13:30PM to 22:30PM)