California Water Service

Benefits & Pension Accounting Program Manager

Onsite - San Jose, CA
Application Deadline: 7/1/24

Benefits & Pension Accounting Program Manager


California Water Service


California Water Service


Job Description:




The Benefits and Pension Accounting Program Manager is primarily responsible for the on-going accounting for and reporting on the Company’s pension/post-retirement plans, consisting of defined contribution, deferred compensation, defined benefit, and retiree medical plans. This includes maintaining the plans’ books and records and the related Company expense and liability postings, managing the plans’ audits and assisting in the preparation of the plans’ financial statements as well as the pension/post retirement footnote disclosure for the Company’s Consolidated financial statements in accordance with Generally Accepted Accounting Principles (GAAP). This individual works closely with others within Accounting, the Human Resources Benefits teams, the Employee Benefits Finance Committee, as well as both internal and external auditors, plan actuaries and plan custodians. The position reports to the Controller and is located in San Jose, CA.




• Maintaining the pension/post retirement plans’ books and records, reviewing and approving monthly journal entries and managing monthly closing and reconciliation procedures.


• Complies with Sarbanes-Oxley (SOX) requirements by ensuring adherence to internal controls.


• Managing the preparation of the plans’ year-end financial statements and footnote disclosures in accordance with Generally Accepted Accounting Principles (GAAP) and ERISA regulations.


• Participating in the plans year-end audit processes and working with the Company’s independent auditor.


• Researching new accounting rules and updates and making recommendations as to applicability and implementation.


• Managing the preparation of the Forms 5500 and other Internal Revenue Service and Department of Labor regulatory compliance filings.


• Preparing the Generally Accepted Accounting Principles (GAAP) pension/post retirement disclosure for the Company’s audited financial statements.


• Monitoring investment performance in accordance with the Company’s asset allocation for the post-retirement plan assets.


• Working closely with the plans’ custodian and the plans’ actuaries to ensure that valuation inputs are appropriate and that pension related disclosures are accurate.


• Verifying accuracy of all plan custodian certified trust statements and plan asset valuation reconciliation contents of the custodian provided audit materials.




• Bachelor’s degree in accounting finance, or business administration


• CPA and/or advanced degree with pension accounting experience, strongly preferred


• Minimum of five years of related experience


• Must have demonstrated leadership skills


• Proficient in the use of Microsoft Office applications


• Knowledge of Generally Accepted Accounting Principles (GAAP) as well as of current FASB and AICPA disclosure and presentation issues


• Ability to work effectively with all levels of employees and management


• Must possess excellent oral, written, and interpersonal skills


• Must be detail-oriented, analytical, possess strong organizational and problem-solving skills, and have the ability to prioritize and manage multiple assignments simultaneously


• Knowledge in PeopleSoft Application is desirable


• Valid California Driver License


Salary Range: $117,400 – $221,900


Deadline to submit resume is Monday, July 1,2024.


The Equal Opportunity Policy of the Company is based upon the philosophy that all people should be treated fairly and with dignity. California Water Service, Hawaii Water Service, New Mexico Water Service, Texas Water Service, and Washington Water Service do not discriminate against any applicant or employee because of race, color, religion, sex, national origin, or any other protected class. The Company makes all employment decisions in a non-discriminatory manner. EOE, VET, DISABILITIES.


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