Compensation Accountant Compensation Accountant …

B&FS Finance
in London, United Kingdom
Permanent, Full time
Last application, 07 Mar 21
up to £65,000 + bonus + additional benefits
B&FS Finance
in London, United Kingdom
Permanent, Full time
Last application, 07 Mar 21
up to £65,000 + bonus + additional benefits
Posted by:
Kelly Fordham • Recruiter
Posted by:
Kelly Fordham
A leading Brokerage/Trading firm in London is seeking to add a Payroll/Compensation Accountant to their team. The ideal candidate will be a qualified accountant with c.3 years+ working in a similar role (ideally in Financial Services)

Job Responsibilities

  • Preparation and posting of all global Payroll Journals.
  • Prepare month-end cost and variance analysis and provide commentary on major variances against previous month, budget, and year on year
  • Preparation and posting of month end accruals.
  • Preparation and posting of the monthly headcount Journals.
  • Reconciliation and substantiation of balances on all compensation related Balance sheet accounts.
  • Preparation of salary cost reports as per regulatory requirements and individual requests by department heads.
  • Monthly reconciliation of the payroll bank account.
  • Daily clearing down of all outstanding bank entries for the group.
  • Monthly FX Journals and Hedging info to Treasury
  • Preparation of annual salary and related budgets.
  • Liaise with external auditors to provide information on salary and related costs and be the main point of contact for the interim and annual audit.
  • Liaise with Peoplesoft team and Finance in creating new cost centres/department descriptions during department structure changes or new acquisitions.
  • Sage People – Assist with the payroll accounting requirements and to be the central point for this Information.
  • Prepare, review and challenge balance sheet reconciliations.
  • Preparation of monthly management reports.
  • Involvement in the reallocation of cost and subsequent reporting via the transfer pricing process.
  • Potentially provide input or own the preparation of relevant entities.


Ideal Background

  • Qualified Accountant (ideally with Financial Services experience)
  • Experience in preparation and posting of Journals.
  • A track record of improving processes and adding value to clients/stakeholders.
  • Strong analytical, organisation and documentation skills.
  • Strong verbal and written communication skills.
  • Advanced Microsoft Excel.
  • Preference for audit training.
  • Experience with the preparation of financial statements and managing the audit process from start to finish.
  • Track record of improving processes and adding value.


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