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Compensation Accountant

BGC Partners
London, United Kingdom
Closing date
Dec 21, 2023

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Job Function
Industry Sector
Finance - General
Employment Type
Full Time
There is an exciting and dynamic entry level opportunity at BGC Partners to join the Compensation Controlling Accounting department, where you will be part of a highly experienced team who are eager to teach and train new recruits.

Main purpose of the role:
  • To fully support the Compensation Accounting Manager to cover all aspects of Compensation Accounting primarily for the EMEA operations with view to meeting all internal and external financial reporting deadlines.
  • The successful candidate shall make an important contribution to the continued development of the Compensation Accounting team whilst constantly raising the bar in terms of quality and control.
  • This is a great opportunity for school leavers with relevant work experience or fresh graduates who are eager to begin their accounting career.
Key responsibilities:
  • To ensure the integrity of Comp related P&L and Balance Sheet on a timely basis across the EMEA operations of the Group through monthly postings to the GL followed by analytical review and reconciliations.
  • Work closely with Senior Broker Compensation Accountant to ensure all Broker Compensation Accounting matters are closed out on a timely basis.
  • Work closely with relevant stakeholders to ensure matters are closed out on a timely basis.
  • Calculating and posting revenue related monthly bonus accruals. Reviewing and adjusting accruals to be in line with forecasted desk pay out.
  • Assist in preparation of timely management information including desk and broker performance reports.
  • Ensure Comp related FX exposure is managed, controlled and reported on a timely basis.
  • Coordinate commentary on monthly/quarterly P&L movement for global P&L analytics.
  • Work closely with counterparts in US/Asia on relevant matters and share best practice.
  • Assist auditors through timely delivery of files and responses to any queries.
  • Ensure integrity of confidential name detail information.
  • Identify and implement improvements within Compensation Accounting processes through development and concise documentation of policies and procedures.
  • Support Compensation Accounting Manager on ad-hoc issues.
  • Be alert to Conduct Risk issues, specifically the risk of harm to client interests, market integrity and/or competition in financial markets due to inappropriate practices or behaviours across the firm.
Skills / experience required:
  • A strong academic background.
  • Minimum AAT Level 3 Qualification preferable.
  • Financial services experience desired but not essential.
  • Good written and verbal communication skills with the ability to interact with stakeholders throughout the Group with view to developing and maintaining strong relationships.
  • Possess a pro-active attitude with an ability to take responsibility.
  • Strong attention to detail.
  • Supervisory skills would be advantageous.
  • Ability to meet deadlines, organise and prioritise.
Systems used:
  • Strong MS Excel skills (including vlookups, pivot tables, sumifs and charts).
  • Prior experience with Essbase and Oracle General Ledger preferable.
  • Other Microsoft Office applications.
Personal attributes:
  • The successful candidate will require excellent personal presentation and have confidence operating in a competitive work-environment and can handle challenging situations sensitively.
  • Appetite to study and gain necessary accounting qualifications.
  • Proactive and adaptable, able to work well under pressure.
  • Ability to evaluate issues and situations to enable timely decision making with little need for upward reference whilst escalating matters as necessary on a timely basis.
  • Self-starter unafraid to ask questions and seek answers.
  • Willing to take ownership, work without close supervision while also being a team player.
  • Able to use judgement to challenge the status quo and implement changes to improve processes.

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