Legal & General · 2 hours ago
Senior Account Specialist
Frederick, MD
Full-time
Hybrid
Mid, Senior Level
$54K/yr - $72K/yr
2+ years expLegal & General America is a forward-thinking company committed to transforming purpose into progress. They are seeking a Senior Account Specialist to manage daily cash management tasks, reconcile accounts, and prepare tax documentation while ensuring compliance with regulatory requirements.
Financial Services
Responsibilities
Prepare daily cash management for all companies including wires, transfers, and ACH transactions. Complete positive pay exceptions. Research and process stop payments for all companies. Research incoming and outgoing daily banking transactions for all companies. These should be done through Wells Fargo Commercial Electronic Office System (CEO). Preparing bank NSF reports for: EFTs, Ebill, PAC and email confirmation for wires and stop payments. Prepare monthly rental payment for Banner and Penn. Update rental payment annually according to the lease agreement. Prepare federal withholding EFT wire
Process reclamations request from PRT group and communicate with Wells Fargo on closed and open cases. Process PRT EFT returns and notify PRT group. Ensure that Voids and Void accounting transactions are completed in the PRT Utility. Responsible for preparing daily PRT transactions bank reconciliation with information from Wells Fargo bank statement and internal PRT utility reports. Backup for communicating any issues or complaints related to pension checks to management; responsible for working with cash management staff daily to ensure adequate funding for pension checks and EFTs. Responsible for the coordination of PRT checks processing through Gunther. Research and reconcile all Gunther PRT utility exceptions. Check the stop payment email box daily and respond to stop payment/void requests from the Retirement Group. Update the PRT Utility for the stop payment. Process stop payment in Wells Fargo accurately
Prepare 1099s review and reconciliation at mid-year and year end for all companies. Work with ASD and Sovos to ensure 1099s for vendors are correct and processed timely. Attend 1099 meetings as scheduled by the Tax Coordinator
Primarily responsible for PosiTax import, download, and update files for municipality tax returns monthly, quarterly and annually. Work with IT department to obtain the necessary files. Research and resolve questions/issues that arise during the municipality tax process and ensure that the tax payments are done timely according to the jurisdictions. Contact taxing authorities as needed for clarification. Work with Tax Department at year end on tax forms to comply with regulatory deadlines
Audit request as assigned
Daily interface of disbursement files from subsystems and verification of totals. Print all daily disbursements and create daily eft file. Monitor check printing hardware, software and supplies and communicate any problems or requirements to management on a timely basis. Verify all new vendors are verified in CSI WatchDog and that required forms (such as W9) are all on file. Review accounts payable invoices in DocStar prior to processing with particular concern to sales tax assessments, allocations, vendor numbers, and adequate support and signature approvals. Verify that invoices are correctly coded with the correct invoice date, invoice number and remit address
Prepare reconciliations for assigned bank and suspense accounts. Make necessary adjusting entries to clear outstanding items. Analyze and research outstanding items. Work with ASD staff when necessary to discuss problem resolutions
Prepare morning Scudder funds. Includes transferring proper funds for VA, VUL and Vector Vision. Record entries properly and timely to the general ledger
Review and process MAPS underwriting bills to verify accurate and legitimate billing from vendors. Work with Underwriting staff and external vendors to resolve discrepancies. Communicate any issues with management. Prepare quarterly direct underwriting expense analysis for senior management
Audit expense reports in Certify and ensure that employees are following the Business Expense Reimbursement Policy. Communicate with the preparer and reviewer items which are not within the Business Expense Reimbursement Policy
Prepare various journal entries. Such as cash clearing entries, bank fees, group life withholding, legal settlement entries, reinsurance checks and wires entries. Communicate with the Claims department to ensure you have the correct supporting documents. Research outstanding items with ASD department. Work with IT department to research and clear unreconciled transactions. Entries are completed in Epicor
Prepare monthly escheat worksheet. Research all checks outstanding more than six months
Function as a backup in the process of Tracker escheat filings and remittance reports based on state regulatory requirements. Backup for updating Tracker records to reflect all general ledger entries to the escheat account
Mentor and train new staff on work responsibilities and general systems functions
Qualification
Required
High School diploma or equivalent, some college accounting courses preferred
2-3 years accounting experience or equivalent college courses
Math aptitude
Strong 10 key/calculator skills
Knowledge of basic Excel functions
General systems knowledge
Detailed oriented
Excellent communication skills
Preferred
Epicor and DocStar experience preferred, but not required
Benefits
Health, life, and dental insurance
401K with company match up to 6%
Pension package
Generous time off
Wellbeing initiatives throughout the year
10 vacation days and 10 sick days that are accrued on a bi-weekly basis
9 paid holidays throughout the calendar year
Company
Legal & General
Legal & General is a leading UK financial services group and major global investor.
10001+ employees
Funding
Current Stage
Late StageLeadership Team
Joseph Stefanacci
Sr. NOC Operator
Recent News
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