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- Tasks: Support Broker Compensation Accounting and ensure timely financial reporting.
- Company: Join BGC Group, a leading global brokerage and fintech company.
- Benefits: Competitive contract role with opportunities for professional growth.
- Why this job: Make a real impact in a dynamic financial environment while developing your skills.
- Qualifications: Part-qualified ACCA/CIMA or equivalent experience in financial services.
- Other info: Fast-paced culture with a focus on innovation and process improvement.
The predicted salary is between 36000 - 60000 £ per year.
Job title
Broker Compensation Accountant
Location: London
Overview
Talent Acquisition Business Partner at Cantor Fitzgerald & BGC Group
Company overview
BGC is a pioneering global brokerage and financial technology company servicing the financial markets. We are agile and dynamic in our approach, delivering world-class products to our diverse customer base daily. Our Financial Services business provides a full range of trade execution and broker-dealer services.
The benefit of BGC’s integrated platform is that it gives customers flexibility and choice in price discovery, execution, and processing of their transactions, through voice, hybrid, or fully electronic brokerage options. In addition, our BGC Trader and BGC Market Data platforms offer financial technology solutions, market data and analytics related to financial instruments and markets.
Main purpose of the role
To fully support the EMEA Broker Compensation Accounting Manager in all aspects of Broker Compensation Accounting within the EMEA operations, ensuring all internal and external deadlines are met. The successful candidate will make a significant contribution to the ongoing development of the Compensation Accounting team while maintaining a strong focus on quality, accuracy, and control.
Key responsibilities
- Ensure the integrity of compensation-related P&L and Balance Sheet across EMEA operations through timely monthly postings, analytical reviews, and reconciliations.
- Work closely with the Senior Broker Compensation Accountant and other stakeholders to ensure timely closure of all Broker Compensation Accounting matters.
- Calculate and post monthly revenue-related bonus accruals, ensuring alignment with forecasted desk payouts.
- Assist in the preparation of management information, including desk and broker performance reports and payout trend analyses.
- Calculate and process actual bonus payments, comparing to accruals and investigating variances to improve future accuracy.
- Identify and implement process improvements in Broker Compensation Accounting through enhanced documentation, automation, and technology (including AI).
- Manage, control, and report on compensation-related FX exposure.
- Provide commentary on monthly and quarterly P&L movements for global financial analytics.
- Collaborate with US and Asia counterparts to ensure consistency and best practice sharing.
- Support external and internal audits by preparing files and responding to queries promptly.
- Maintain confidentiality of sensitive broker information.
- Support the Compensation Accounting Manager with ad-hoc tasks and projects.
Skills / experience required
- Part-qualified or working towards ACCA/CIMA (or qualified by experience) — ideally within the UK financial services sector.
- Strong technical accounting and analytical skills.
- Prior experience in Compensation and Payroll Accounting advantageous.
- Understanding of Equity Compensation desirable.
- Knowledge of legal entity vs. management information (MI) reporting requirements.
- Highly organized with the ability to prioritise and meet tight deadlines.
- Excellent written and verbal communication skills; able to build effective relationships across teams.
- Strong attention to detail and a proactive, responsible approach.
- Supervisory experience beneficial.
System knowledge
- Advanced MS Excel (vlookups, pivot tables, sumifs, charts).
- Experience with Oracle General Ledger and Essbase preferred.
- Proficient in Microsoft Office applications.
Personal attributes
- Professionally presented and confident in a fast-paced, competitive environment.
- Proactive, adaptable, and able to perform under pressure.
- Strong decision-making and problem-solving skills with sound judgment.
- Self-starter with initiative and ownership, able to work independently and as part of a team.
- Challenges the status quo and contributes to process improvement.
Agency Notice
BGC Group & affiliates do not accept agency resumes. Please do not forward resumes to our job alias, employees, or any other company location. BGC Group & affiliates are not responsible for any fees related to unsolicited resumes. Please contact the Recruitment function for additional details.
Employment information
- Employment type: Contract
- Job function: Accounting/Auditing
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Compensation Accountant employer: BGC Group
Contact Detail:
BGC Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Compensation Accountant
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance sector, especially those who work at BGC or similar firms. A friendly chat can lead to insider info about job openings and even referrals.
✨Tip Number 2
Prepare for interviews by brushing up on your technical accounting skills. Be ready to discuss your experience with compensation accounting and how you can contribute to the team’s success at BGC.
✨Tip Number 3
Showcase your problem-solving skills! Think of examples where you've improved processes or tackled challenges in your previous roles. BGC loves candidates who can think outside the box.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re serious about joining the BGC team.
We think you need these skills to ace Compensation Accountant
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Compensation Accountant role. Highlight relevant experience and skills that match the job description, like your technical accounting skills and any experience in compensation and payroll accounting.
Craft a Compelling Cover Letter: Your cover letter should tell us why you're the perfect fit for this role. Use it to showcase your understanding of the financial services sector and how your background aligns with our needs at BGC Group.
Showcase Your Analytical Skills: Since this role involves a lot of analytical work, be sure to mention specific examples where you've used your analytical skills effectively. This could be through previous roles or projects that demonstrate your ability to handle complex data.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role without any hiccups!
How to prepare for a job interview at BGC Group
✨Know Your Numbers
As a Compensation Accountant, you'll be dealing with financial data daily. Brush up on your accounting principles and be ready to discuss how you ensure accuracy in P&L and balance sheets. Prepare examples of how you've handled financial discrepancies or reconciliations in the past.
✨Showcase Your Tech Savvy
Familiarity with tools like Oracle General Ledger and advanced Excel functions is crucial. Be prepared to talk about your experience with these systems and how you've used technology to improve processes. If you've implemented any automation or AI solutions, share those stories!
✨Communicate Clearly
Strong communication skills are key in this role, especially when collaborating with teams across different regions. Practice explaining complex financial concepts in simple terms. You might even want to prepare a few examples of how you've built effective relationships with stakeholders in previous roles.
✨Be Proactive About Process Improvement
BGC values innovation and efficiency. Think of specific instances where you've identified areas for improvement in accounting processes. Be ready to discuss how you approached these challenges and the positive outcomes that resulted from your initiatives.
