Compensation Accountant

New York Permanent USD92,000 - USD115,000 per year
  • Rapidly growing holding company
  • Competitive compensation

About Our Client

My client is a world leading provider of market infrastructure. Their purpose is to provide clients with access to global financial and commodities markets, improving price discovery, liquidity and distribution of data, through responsible and innovative solutions.

Job Description

  • Maintain the record for the Staff Equity Plans
  • Calculate performance-based compensation for all desks assigned within deadline provided.
  • Book monthly accrual journal entries for equity plans and performance-based compensation.
  • Review on a monthly basis any changes to broker contracts or bonus calculations, and update compensation calculations and equity plan schedule accordingly to ensure bonus accruals are recorded accurately.
  • Distribute and communicate broker commission calculations to the Desk Heads and Senior Management.
  • Communicate deferral bonus amounts to Desk Heads, Senior Management, payroll and Human Resource.
  • Prepare monthly journal entries for employee related activity: non-performance based bonuses, COBRA, life insurance, disability, medical & dental, and pension.
  • Prepare monthly staff costs report with annotations which are distributed to front office management.
  • Prepare and input annual budget and forecast as it relates to compensation.
  • Reconcile monthly bonus accrual, equity plan accruals and other payroll related balance sheet accounts.
  • Liaise with firm stakeholders to provide requested equity plan information.
  • Assist with internal and external audits, providing reconciliations and supporting documents that relate to compensation accounting.
  • Provide ad-hoc analysis and perform special projects as required

MPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual's status in any group or class protected by applicable federal, state or local law. MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants.

The Successful Applicant

  • Undergraduate degree in a business-related field (concentration in finance, accounting or economics preferable)
  • Experience with Compensation accounting and reporting
  • Understanding of month-end close process, and balance sheet reconciliations
  • Ability to work in a fast-paced, deadline driven environment and think clearly under pressure
  • Team player who is dependable

What's on Offer

Competitive compensation, major growth potential, exposure to senior leadership, fantastic company culture, hybrid work schedule

Brian Keane
Quote job ref

Job summary

Sub Sector
Financial Services
New York
Contract Type
Consultant name
Brian Keane
Job Reference