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Senior Management Accountant - Front Office Compensation - Global Financial Services PLC - Up to £65,000 - £70,000 + Bonus + Benefits - City/London

LH Partners
London, United Kingdom
Posted 5 days ago Hybrid Permanent Up to £65,000 - £70,000 + Bonus + Benefits
Our client is a successful global financial services PLC who have been going through an impressive period of growth. Their London operations are now looking to hire a Fully-Qualified (ACA/ACCA/CIMA) Senior Management Accountant for their Business Unit Control team. This is a well-rounded management accounting/reporting and legal entity/financial control role covering balance sheet substantiation, financial control, cost reporting, engagement with stakeholders, finance process improvement work, etc. The company has a solid track record of developing the careers of their Finance employees with great internal mobility. The company will be working with a hybrid/mixed model of home and office working.

Role Summary

This role is within the Business Unit Control team and will be responsible for assisting in the delivery of the Front Office Compensation process flows and reporting. This role will have a primary focus on the calculation, accounting and payment of bonuses, helping to drive process efficiencies and substantiation of the Balance Sheet.

Profile Criteria:

  1. Fully-Qualified (ACA/ACCA/CIMA) candidate with financial control experience with the ability to document procedures and implement a strong control environment

  2. Management accounts preparation experience

  3. Must have experience reporting in a multi-entity and multi-currency environment

  4. Financial services sector experience ideal but our client is open to sector (including non-financial services) 

  5. Good communication skills with stakeholder management experience

Job Duties:

  • Responsible for the end to end Front Office Compensation Process for assigned asset classes. This will include the calculation and accounting for the following:

  • Accrue Front Office variable bonus in accordance with employment contracts.

  • Distribution of variable bonus statements to the Front Office in line with contractual payment cycles. Manage the submission of Front Office bonus payments to payroll.

  • Calculate and record Front Office Equity deferrals

  • Take ownership for control and sign off on Front Office Compensation for assigned asset classes reported within the Financial Performance of assigned legal entities and business divisions.

  • Proactively assist in the Front Office Compensation automation project. This will be a key project within Business Unit Control to improve process efficiency, implement robust  controls and reduce risks which exist in the current manual process. This will require collaborative working across Finance, IT, the Business and Senior Stakeholders.

  • Ensure all Front Office compensation processes are documented and reviewed.

  • Prepare Balance Sheet reconciliations, ensure reconciliation of all balances back to the relevant calculations and records.

  • Assist in the preparation of annual Budgets and Forecasts for P&L and Balance Sheet, ensuring full understanding of key Front Office Compensation changes.

  • Ensure an effective risk and control framework is embedded to support our processes.

  • Engagement with year-end audit process.

  • Build and maintain professional relationships with the EMEA Finance team and other key stakeholders. There should be clear communication and adoption of Group Accounting Policies and ensure the Expenditure Control Framework is adhered to at all times.

  • From time to time you will be asked to undertake any other reasonable duties as required within this role.

Skills & Experience:

  • Fully qualified accountant (ACA, ACCA, CIMA) with solid post-qualification experience. 
  • Experience working in the financial services sector an advantage (but not essential) 
  • Skilled in applications such as Oracle, Excel, SmartView/ASO, Discoverer
  • Experience interacting with stakeholders across different departments In-depth knowledge of what a good control environment looks like
  • Attention to detail is essential 
Job ID  LHP1005
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