Compensation Accountant - 6 month contract
Posted 5 days 7 hours ago by Schroders Recruitment
Who we're looking for
We are looking for a qualified accountant who is committed to learning complex compensation accounting and has exposure to global finance operations. No prior compensation accounting experience is required; however, it will be an advantage.
About Schroders
We're a global investment manager. We help institutions, intermediaries, and individuals around the world invest money to meet their goals, fulfill their ambitions, and prepare for the future.
We have around 6,000 people on six continents. And we've been around for over 200 years but keep adapting as society and technology changes. What doesn't change is our commitment to helping our clients and society prosper.
The base
We moved into our new HQ in the City of London in 2018. We're close to our clients, in the heart of the UK's financial center. And we have everything we need to work flexibly.
The team
The Group Compensation Accounting team provides accounting services globally for the Group's compensation-related costs, including the accounting, monitoring, and reporting of most staff cost-related items. In particular, the team focuses on variable compensation in the form of bonuses, including the complex accounting of deferred awards. The team works closely with most Finance and Human Resources departments globally to ensure compensation costs are properly recorded within both the internal and external accounts.
The role provides broad exposure to a variety of compensation accounting processes and therefore requires a candidate who is able to work flexibly. The successful candidate will be responsible for providing an efficient, well-controlled process, which minimizes manual intervention for all aspects of Compensation Accounting.
The team will comprise 8 team members after the new temporary role is filled.
What you'll do
We would like you to take responsibility in conjunction with the other members of the Group Compensation Accounting Team for:
- Monthly processes undertaken by the team including bonus provisions, redundancy accruals, commitment accruals, review of payroll payments, compensation cost review, and total compensation ratio calculation.
- Accounting for various share and fund award schemes (DAP, EIP, LTIP & SIP), monitoring hedging.
- Maintaining the integrity of data within the Group general ledger systems via the monthly balance sheet reconciliation process.
- Delivering the annual bonus provisioning process and bonus reconciliations for all employing entities.
- Identifying and implementing ways in which the numerous processes can be streamlined to minimize manual intervention.
- Ensuring risk management via maintenance of documented procedures.
- Assisting the implementation of consistent global payroll posting processes and maintaining on a monthly basis.
The knowledge, experience and qualifications you need
We would like our candidates to be:
- Systems literate, particularly in Excel, is essential.
- Have a minimum of 2 years in a professional and corporate environment.
- Qualified accountant (up to 3 years post-qualified) with a strong academic background.
The knowledge, experience and qualifications that will help
• Use of Fusion, Blackline, HFM, PBCS, and Anaplan is an advantage.
• Demonstrable curiosity and passion to learn about Asset Management/ Financial Services.
What you'll be like
We're looking for a qualified accountant with a strong background in accounting who will be able to:
- Demonstrate being highly detail-oriented and have the ability to work under their own initiative.
- Handle highly confidential information.
- Command respect and influence across the business by developing close and effective working relationships both within finance and across other areas of the business.
- Identify controls weaknesses within the risk management framework and implement improvements.
- Demonstrate very strong written and verbal communication skills.
We're looking for the best, whoever they are
Schroders is an equal opportunities employer. You're welcome here whatever your background, race, sex, gender, sexual orientation, religious belief, age, or disability.