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- Tasks: Support the Compensation Accounting Manager with financial reporting and analysis for EMEA operations.
- Company: Join a dynamic team in a leading financial services firm focused on quality and control.
- Benefits: Enjoy opportunities for growth, flexible work arrangements, and a supportive team culture.
- Why this job: Kickstart your accounting career in a role that values innovation and teamwork.
- Qualifications: AAT Level 3 preferred; strong academic background and attention to detail required.
- Other info: Ideal for school leavers or fresh graduates eager to learn and grow in finance.
The predicted salary is between 28800 - 43200 £ per year.
Main purpose of the role: To fully support the Compensation Accounting Manager to cover all aspects of Compensation Accounting primarily for the EMEA operations with a view to meeting all internal and external financial reporting deadlines. The successful candidate shall make an important contribution to the continued development of the Compensation Accounting team whilst constantly raising the bar in terms of quality and control. This is a great opportunity for school leavers with relevant work experience or fresh graduates who are eager to begin their accounting career.
Key responsibilities:
- To ensure the integrity of Comp related P&L and Balance Sheet on a timely basis across the EMEA operations of the Group through monthly postings to the GL followed by analytical review and reconciliations.
- Work closely with Senior Broker Compensation Accountant to ensure all Broker Compensation Accounting matters are closed out on a timely basis.
- Work closely with relevant stakeholders to ensure matters are closed out on a timely basis.
- Calculating and posting revenue related monthly bonus accruals.
- Reviewing and adjusting accruals to be in line with forecasted desk pay out.
- Assist in preparation of timely management information including desk and broker performance reports.
- Ensure Comp related FX exposure is managed, controlled and reported on a timely basis.
- Coordinate commentary on monthly/quarterly P&L movement for global P&L analytics.
- Work closely with counterparts in US/Asia on relevant matters and share best practice.
- Assist auditors through timely delivery of files and responses to any queries.
- Ensure integrity of confidential name detail information.
- Identify and implement improvements within Compensation Accounting processes through development and concise documentation of policies and procedures.
- Support Compensation Accounting Manager on ad-hoc issues.
- Be alert to Conduct Risk issues, specifically the risk of harm to client interests, market integrity and/or competition in financial markets due to inappropriate practices or behaviours across the firm.
Skills / experience required:
- A strong academic background.
- Minimum AAT Level 3 Qualification preferable.
- Financial services experience desired but not essential.
- Good written and verbal communication skills with the ability to interact with stakeholders throughout the Group with a view to developing and maintaining strong relationships.
- Possess a pro-active attitude with an ability to take responsibility.
- Strong attention to detail.
- Supervisory skills would be advantageous.
- Ability to meet deadlines, organise and prioritise.
Systems used:
- Strong MS Excel skills (including vlookups, pivot tables, sumifs and charts).
- Prior experience with Essbase and Oracle General Ledger preferable.
- Other Microsoft Office applications.
Personal attributes:
- The successful candidate will require excellent personal presentation and have confidence operating in a competitive work environment and can handle challenging situations sensitively.
- Appetite to study and gain necessary accounting qualifications.
- Proactive and adaptable, able to work well under pressure.
- Ability to evaluate issues and situations to enable timely decision making with little need for upward reference whilst escalating matters as necessary on a timely basis.
- Self-starter unafraid to ask questions and seek answers.
- Willing to take ownership, work without close supervision while also being a team player.
Junior Compensation Accountant employer: Cantor Fitzgerald Securities
Contact Detail:
Cantor Fitzgerald Securities Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Junior Compensation Accountant
✨Tip Number 1
Familiarise yourself with the key responsibilities listed in the job description. Understanding the specific tasks, such as managing P&L and Balance Sheet integrity, will help you demonstrate your knowledge during interviews.
✨Tip Number 2
Brush up on your Excel skills, especially with functions like vlookups and pivot tables. Being able to showcase your proficiency in these areas can set you apart from other candidates.
✨Tip Number 3
Network with professionals in the financial services sector, particularly those who work in compensation accounting. This can provide you with insights into the role and potentially lead to referrals.
✨Tip Number 4
Prepare to discuss how you handle pressure and deadlines, as these are crucial in this role. Think of examples from your past experiences that highlight your ability to stay organised and proactive.
We think you need these skills to ace Junior Compensation Accountant
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant skills and experiences that align with the responsibilities of a Junior Compensation Accountant. Emphasise any accounting qualifications, such as AAT Level 3, and showcase your attention to detail and ability to meet deadlines.
Craft a Strong Cover Letter: Write a cover letter that specifically addresses the key responsibilities mentioned in the job description. Explain how your background and skills make you a suitable candidate for supporting the Compensation Accounting Manager and contributing to the team.
Highlight Relevant Experience: If you have any experience in financial services or accounting, even if it's from internships or part-time jobs, make sure to include it. Discuss how this experience has prepared you for the role and your eagerness to learn and grow in the field.
Showcase Communication Skills: Since the role requires interaction with various stakeholders, highlight your written and verbal communication skills. Provide examples of how you've successfully collaborated with others in previous roles or projects.
How to prepare for a job interview at Cantor Fitzgerald Securities
✨Showcase Your Academic Background
Make sure to highlight your academic achievements, especially if you have an AAT Level 3 qualification. Discuss any relevant coursework or projects that demonstrate your understanding of accounting principles and financial reporting.
✨Demonstrate Attention to Detail
Since the role requires strong attention to detail, prepare examples from your past experiences where you successfully managed complex data or reconciled accounts. This will show your potential employer that you can maintain accuracy in your work.
✨Prepare for Stakeholder Interaction
The job involves working closely with various stakeholders. Be ready to discuss how you've effectively communicated and built relationships in previous roles or during your studies. This will illustrate your ability to collaborate and maintain strong professional connections.
✨Familiarise Yourself with Relevant Software
Brush up on your MS Excel skills, particularly vlookups, pivot tables, and sumifs, as these are crucial for the role. If you have experience with Essbase or Oracle General Ledger, be prepared to discuss it, as this could set you apart from other candidates.
