Trust Fund Accountant

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

UMR, United Healthcare'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, STE
400 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.

• 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

• 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

• 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

• 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

• 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.

• Bachelor's degree in Accounting, Finance, OR related field
• Experience in employee benefit plan, fund, trust,…