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Accounting – Junior Associate

Nesco Resource

This is a Full-time position in McMurray, PA posted July 19, 2021.

Accounting Junior Associate
Nesco Resource is looking to hire an Accounting Junior Associate in McMurray, PA. This position is 1st shift, with hours of work between 7:30AM and 4:30PM, Monday through Thursday, and 7:30AM and 12:30PM Friday. The starting pay rate for this position is $25.00 per hour.

Duties and Responsibilities

Associates will be responsible for the following tasks including but not limited to:

  • Calculate Required Minimum Distribution (RMD):
    • Calculate appropriate RMD based on option chosen
    • Answer phone calls from agents and members in reference to RMDS
    • Review and mail annual RMD letters
    • Set up systematic RMD withdrawals on admin system
    • Help in review and processing of 5498 tax forms
  • Maintain Successor Beneficiary Accounts / Spreadsheet:
    • Add and remove accounts on spreadsheet as necessary
    • Check admin system for appropriate address set up, add follow up, and update maturity date accordingly
    • Verify billing and payment status is suspended, set up systematic payments as required
    • Calculate appropriate RMD, if any, based on option chosen
    • Assure that letters for termination of account ae created and mailed to member in a timely fashions and paid out as required
  • Cost Basis:
    • Adjust cost basis on annuities as received
    • Follow up on incoming transfer requests to assure that we have received the appropriate cost basis information
  • Review of Claims / Withdrawals/Internal Transfers/Loans/Refunds:
    • Appropriate number of beneficiaries being paid
    • Appropriate person or company being paid
    • Appropriate 1099 distribution code is being utilized
    • Determine if agent charge back is required
    • Help in review and processing of 1099 tax forms
  • Single Premium Immediate Annuities (SPIA):
    • Setup SPIAs from holding/existing account on admin system
    • Create and mail SPIA correspondence to member
    • Set up Senior Safeguard death payout accounts
  • Premium Processing Backup:
    • Enter life and annuity payments into admin system
    • Print daily billing
  • Communication and correspondence with members and agents as needed
  • Other duties as assigned

Skills and Qualifications

Associated qualified for this position must have the following:

  • Bachelor’s Degree in Accounting, Finance, or Business, required
  • Life Insurance and Annuity experience, preferred
  • Proficiency in the use of Microsoft Office Word, Excel, and Outlook
  • Attention to detail
  • Professional written and verbal communication
  • Willingness to work flexible hours as required

Nesco Resource and affiliates (Lehigh G.I.T Inc, and Callos Resource, LLC) is an equal employment opportunity employer and does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, disability, age, or veteran status, or any other legally protected characteristics with respect to employment opportunities.