Broker Compensation Accountant

Sheridan Maine (Midlands); City Of London; Hybrid; GBP 34,000 - 40,000; Full time

Job summary

A leading financial services firm is seeking a Broker Compensation Accountant in London. The role offers a hybrid work model with three days in the office. The candidate should have relevant accounting qualifications and experience in broker compensation. This position provides competitive salary and opportunities for career development in a dynamic financial environment.

Benefits

Competitive salary up to £40,000 per year

Performance-related bonus

Opportunities for skill development

Qualifications

• Part-qualified and working towards ACCA or CIMA qualification, or qualified by experience.
• Experience with broker compensation or related processes is highly desirable.
• Excellent attention to detail and organisational skills required.

Responsibilities

• Maintain accuracy of compensation-related P&L and Balance Sheet accounts.
• Calculate and reconcile bonus accruals and actual payments.
• Prepare management information and trend analysis reports.

Skills

Part-qualified ACCA/CIMA or qualified by experience

Experience with broker compensation

Advanced Excel skills

Analytical skills

Strong communication skills

Education

Relevant financial qualifications

Job description

“Life is like riding a bicycle. To keep your balance, you must keep moving.” Albert Einstein.

Sheridan Maine is partnering with a leading financial services client to recruit a Broker Compensation Accountant. This hybrid role offers the opportunity to work three days per week from their Canary Wharf office while contributing to a dynamic, global team.

You will play a key role in supporting the EMEA Broker Compensation Accounting Manager, ensuring accurate and timely broker compensation accounting across the EMEA region, while meeting all internal and external reporting deadlines.

Your key responsibilities as the Broker Compensation Accountant:

• Maintain accuracy of compensation-related P&L and Balance Sheet accounts across EMEA, including monthly postings, reconciliations, and reviews.
• Support the Senior Broker Compensation Accountant and stakeholders to ensure timely completion of all compensation accounting matters.
• Calculate and reconcile bonus accruals, actual payments, and related variances.
• Prepare management information, including desk and broker performance reports and trend analysis.
• Identify process improvements, document policies and procedures, and explore opportunities to leverage technology and automation.
• Monitor and report on compensation-related FX exposures.
• Contribute to P&L commentary and liaise with global counterparts to share best practices.
• Assist auditors with timely delivery of files and responses.
• Ensure confidentiality of all sensitive compensation data.
• Provide ad-hoc support to the Compensation Accounting Manager as required.

You will require the following skills and experience to succeed as the Broker Compensation Accountant:

• Part-qualified and working towards ACCA or CIMA qualification, or qualified by experience, ideally within the UK financial services industry.
• Experience with broker compensation, bonus calculations, or related processes is highly desirable.
• Advanced Excel and analytical skills, with the ability to interpret and present complex financial information.
• Excellent attention to detail, organisational skills, and ability to manage multiple priorities and deadlines.
• Strong communication skills, capable of collaborating with both local and global stakeholders.

What is on Offer:

• Competitive salary up to £40,000 per year, plus performance-related bonus.
• Hybrid working with 3 days in the Canary Wharf office.
• Exposure to a global, dynamic financial services environment.
• Opportunities to develop technical skills, grow within the team, and contribute to process improvement initiatives.

This is a fantastic opportunity to join a dynamic, growing team in a global financial services environment. If you are a motivated accounting professional with a keen eye for detail, strong analytical skills, and a desire to develop your career in broker compensation accounting, we would love to hear from you. Apply now to take the next step in your career and make an impact in a collaborative and fast-paced setting.

You are required to be eligible to work in the UK full time without restriction.

Due to the high volume of applications, it is not always possible to respond to unsuccessful applicants. Therefore, if we have not responded to your application within five days, please assume that on this occasion your application has not been successful.