A leading global financial services firm is seeking an Accounting Manager to join its team. This individual will play a key role in managing the compensation line of the P&L, one of the organization’s most closely monitored and impactful expenses reviewed by senior leadership. This hybrid role is based in the Financial District with an annual salary of up to $140,000.

Qualifications:

• Bachelor’s degree in Accounting or Finance
• 4+ years of progressive accounting experience, including 2+ years in a supervisory capacity
• Advanced proficiency in Microsoft Excel

Responsibilities:

• Supervise the compensation team, providing guidance and support to ensure tasks are completed accurately and efficiently.
• Oversee and review monthly compensation calculations across multiple divisions, ensuring timely and accurate reporting on the balance sheet and P&L.
• Review broker contract changes monthly and update compensation calculations to maintain accurate bonus accruals.
• Assist in reviewing, distributing, and communicating broker commission calculations to Desk Heads and Senior Management.
• Maintain accurate records for all Equity Plans and ensure compliance with reporting requirements.
• Communicate deferral bonus amounts to Desk Heads, Senior Management, Payroll, and Human Resources.
• Partner with stakeholders to provide requested information related to equity plans.
• Review monthly journal entries for employee-related activities, including bonuses, COBRA, insurance, medical/dental benefits, and pension.
• Prepare and submit annual budgets and forecasts related to compensation.
• Review monthly equity plan accruals and other payroll-related balance sheet accounts.
• Collaborate with the Controls & Governance team to identify process gaps and ensure compliance with established controls.
• Lead and support process improvement initiatives to enhance efficiency and accuracy in the compensation function.
• Support internal and external audits by preparing reconciliations and documentation for compensation accounting.
• Conduct ad-hoc analyses and contribute to special projects as needed.

Ascendo is a certified minority owned staffing firm, and we welcome and celebrate diversity. Ascendo is an Equal Opportunity Employer and does not discriminate on the basis of race, color, religion, sex (including pregnancy and gender identity), national origin, political affiliation, sexual orientation, marital status, disability, genetic information, age, parental status, military service or any other characteristic protected by federal, state or local law.

Contact information

Sarah Khan