Payroll Accountant

Marex Spectron; London; On-site; GBP 45,000 - 65,000; Full time

Job summary

A leading global financial services platform seeks an Accounting professional to ensure accurate accounting of salary transactions. The role involves preparing payroll journals, conducting reconciliations, and supporting process improvement initiatives. Ideal candidates will possess strong technical skills and a detail-oriented mindset, with experience in compensation-related accounting and a commitment to enhancing operational efficiency.

Qualifications

• Significant experience in compensation-related journal preparation and posting.
• Proven track record of process improvement.
• Advanced proficiency in Microsoft Excel.

Responsibilities

• Preparation and posting of Payroll Journals and month-end accruals.
• Monthly reconciliation of payroll bank accounts.
• Assisting in Payroll Transformation projects.

Skills

Technical accounting

Attention to detail

Analytical skills

Problem-solving

Interpersonal skills

Time management

Teamwork

Strategic thinking

Communication

Tools

Microsoft Excel

Job description

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Marex is a diversified global financial services platform, providing essential liquidity, market access, and infrastructure services to clients in the energy, commodities, and financial markets.

The Group offers comprehensive coverage across four core services: Market Making, Clearing, Hedging and Investment Solutions, and Agency and Execution. It has a leading franchise in metals, energy, and agricultural products, executing around 50 million trades and clearing 205 million contracts in 2022. Marex provides access to major commodity markets worldwide, serving clients including commodity producers, consumers, traders, banks, hedge funds, and asset managers.

Established in 2005, Marex traces its roots in the commodity markets back nearly 100 years through its subsidiaries. Headquartered in London with 36 offices worldwide, it employs over 1,800 staff across Europe, Asia, and America.

For more information, visit our website.

The purpose of this role is to ensure accurate accounting of all salary and related transactions within the group, working closely with Payroll, Finance, and HR teams.

Responsibilities:

1. Preparation and posting of all global Payroll Journals.
2. Preparation of month-end cost and variance analysis.
3. Preparation and posting of month-end accruals.
4. Preparation and posting of monthly headcount Journals.
5. Reconciliation and substantiation of balances on all compensation-related Balance sheet accounts.
6. Preparation of salary cost reports for regulatory compliance and departmental requests.
7. Annual reconciliation and true-up of PSA, P11D, and other accruals.
8. Monthly reconciliation of payroll bank accounts.
9. Daily clearing of outstanding bank entries.
10. Monthly FX Journals and Hedging info for Treasury.
11. Liaison with external auditors regarding salary and related costs.
12. Review and challenge quarterly balance sheet reconciliations.
13. Assist in Payroll Transformation projects.

Required Skills and Experience:

• Strong technical accounting skills.
• Exceptional attention to detail and organizational skills.
• Analytical skills and problem-solving aptitude.
• Teamwork and interpersonal skills.
• Ability to influence and persuade.
• Willingness to learn about different products and functions.
• Time management and multitasking abilities.
• Effective networking and communication skills.
• Strategic thinking and operational insight.

Experience:

• Significant experience in compensation-related journal preparation and posting.
• Proven track record of process improvement and value addition.
• Strong analytical, organizational, and documentation skills.
• Excellent verbal and written communication skills.
• Advanced proficiency in Microsoft Excel.
• Experience with financial statement preparation and audit management.

If you’re looking to advance your career in this field, get in touch!

Marex is committed to diversity and inclusion and provides accessible recruitment processes. We welcome applications from candidates returning to work and are dedicated to avoiding conflicts of interest in our hiring process.

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