Junior Compensation Accountant

BGC Group; Greater London; On-site; GBP 30,000 - 45,000; Full time

Job summary

A leading company in financial services is seeking a Junior Compensation Accountant to support the Compensation Accounting Manager. This role involves payroll accounting, ensuring accuracy in financial reporting, and collaborating with various teams. Ideal candidates will be pursuing ACCA/CIMA qualifications and possess strong analytical skills.

Qualifications

• Strong academic background, preferably working towards ACCA/CIMA qualification.
• Experience in UK financial services or Compensation Accounting is advantageous.
• Proactive attitude with a sense of responsibility.

Responsibilities

• Review and process monthly payroll-related accounting entries.
• Ensure accuracy of Compensation-related P&L and Balance Sheet.
• Collaborate with HR/Payroll for correct accounting treatment.

Skills

Accounting

Analytical skills

Reporting skills

Communication

Attention to detail

Education

ACCA/CIMA qualification

Tools

MS Excel

Essbase

Oracle General Ledger

Job description

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Talent Acquisition Business Partner at Cantor Fitzgerald & BGC Group

Junior Compensation Accountant

To fully support the Compensation Accounting Manager in covering all aspects of Payroll Accounting, primarily for the EMEA operations of the BGC Group.

The successful candidate will contribute significantly to the development of the Compensation Accounting team while maintaining high standards of quality and control.

Key Responsibilities:

• Review and process monthly payroll-related accounting entries in the GL, including salary, bonuses, dividends, stock sales, and cash breaks.
• Ensure the accuracy of Compensation-related P&L and Balance Sheet across EMEA operations through analytical reviews and reconciliations.
• Collaborate with HR/Payroll to obtain relevant information promptly for correct accounting treatment.
• Work closely with the Senior Compensation Accountant to ensure timely closure of payroll accounting matters.
• Prepare periodic RAG reports.
• Manage, control, and report related FX exposures timely.
• Coordinate with counterparts in the US and Asia, sharing best practices.
• Assist auditors by providing timely responses to queries.
• Maintain the confidentiality of sensitive information.

Skills / Experience Required:

• Strong academic background, preferably working towards ACCA/CIMA qualification. Experience in UK financial services or Compensation Accounting is advantageous.
• Control mentality with excellent accounting, analytical, and reporting skills.
• Ability to meet deadlines, organize, and prioritize effectively.
• Excellent written and verbal communication skills for stakeholder engagement.
• Proactive attitude with a sense of responsibility.
• High attention to detail.

Systems Used:

• Proficiency in MS Excel (VLOOKUPs, pivot tables, SUMIFS, charts).
• Experience with Essbase and Oracle General Ledger is preferred.
• Familiarity with other Microsoft Office applications.

Seniority Level

• Entry level

Employment Type

• Full-time

Job Function

• Accounting/Auditing