Junior Compensation Accountant

Newmark Group; London; On-site; GBP 30,000 - 40,000; Full time

Job summary

A financial services firm in London is seeking a Junior Compensation Accountant. The successful candidate will support the Compensation Accounting Manager, focusing on financial reporting and development of accounting skills. This role is ideal for school leavers or recent graduates eager to start their careers in accounting. Responsibilities include managing financial integrity and providing analytical support.

Qualifications

• School leavers with relevant work experience or fresh graduates are welcome.
• Financial services experience is desired but not essential.
• Ability to handle challenging situations sensitively.

Responsibilities

• Manage integrity of Compensation related P&L and Balance Sheet.
• Work closely with the Senior Broker Compensation Accountant.
• Calculate and post revenue-related monthly bonus accruals.
• Assist in preparing timely management information reports.
• Identify and implement improvements within Compensation Accounting processes.

Skills

Analytical skills

Communication skills

Proactive attitude

Ability to organize and prioritize

Tools

Essbase

Oracle General Ledger

Microsoft Office applications

Job description

Overview

JuniorCompensationAccountant Mainpurposeofthe role:

• To fully support the Compensation Accounting Manager to cover all aspects of CompensationAccountingprimarilyfortheEMEAoperationswithviewtomeetingall internal and external financial reporting deadlines.
• The successful candidate shall make an important contribution to the continued developmentoftheCompensationAccountingteamwhilstconstantlyraisingthebarin terms of quality and control.
• Thisisagreatopportunityforschool leaverswithrelevantworkexperienceorfresh graduates who are eager to begin their accounting career.

Responsibilities

• ToensuretheintegrityofComprelatedP&LandBalanceSheetonatimelybasisacrossthe EMEA operations of the Group through monthly postings to the GL followed by analytical review and reconciliations.
• WorkcloselywithSeniorBrokerCompensationAccountanttoensureallBroker Compensation Accounting matters are closed out on a timely basis.
• Workcloselywithrelevantstakeholderstoensuremattersareclosedoutonatimely basis.
• Calculatingandpostingrevenuerelatedmonthlybonusaccruals.Reviewingandadjusting accruals to be in line with forecasted desk pay out.
• Assistinpreparationoftimelymanagementinformationincludingdeskandbroker performance reports.
• EnsureComprelatedFXexposureismanaged,controlledandreportedonatimely basis.
• WorkcloselywithcounterpartsinUS/Asiaonrelevantmattersandsharebestpractice.
• IdentifyandimplementimprovementswithinCompensationAccountingprocessesthrough development and concise documentation of policies and procedures.
• SupportCompensationAccountingManageronad-hocissues.
• BealerttoConductRiskissues,specificallytheriskofharmtoclientinterests,market integrity and/or competition in financial markets due to inappropriate practices or behaviours across the firm.
• Financialservicesexperiencedesiredbutnotessential.
• Goodwrittenandverbalcommunicationskillswiththeabilitytointeractwithstakeholders throughout the Group with view to developing and maintaining strong relationships.
• Possessapro-activeattitudewithanabilitytotakeresponsibility.
• Supervisoryskillswouldbeadvantageous.
• Abilitytomeetdeadlines,organiseandprioritise.

Systems used

• PriorexperiencewithEssbaseandOracleGeneralLedger preferable.
• OtherMicrosoftOffice applications.

Personal attributes

• Theesuccessfulcandidatewillrequireexcellentpersonalpresentationandhaveconfidence operating in a competitive work-environment and can handle challenging situations sensitively.
• Appetitetostudyandgainnecessaryaccountingqualifications.
• Proactiveandadaptable,abletoworkwellunderpressure.
• Abilitytoevaluateissuesandsituationstoenabletimelydecisionmakingwithlittleneedfor upward reference whilst escalating matters as necessary on a timely basis.
• Willingtotakeownership,workwithoutclosesupervisionwhilealsobeingateamplayer.

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Job Info

• Job Identification 245936
• Posting Date 09/15/2025, 03:58 PM
• Locations Five Churchill Place, London, Canary Wharf, E14 5HP, GB