Compensation Controller recruitment

DEPARTMENT: Finance

JOB TITLE: Compensation Controller

CORPORATE TITLE: Director

TASKS AND RESPONSIBILITIES:

In 2011, HR and Finance have been working together much more closely on Compensation issues to make sure that compensation costs are properly understood and accounted for. We now want to formalise the joint working agenda, by creating a new role of Compensation Controller.

The Compensation Controller will be responsible for the accounting and reporting of all salary, bonus, and other types of remuneration, as well as planning and forecasting the compensation paid to Newedge employees. He or she will work closely with stakeholders in Human Resources, Finance and Business Lines.

The purpose of the role is to:
1) Improve the quality of the management information provided to Business Lines and Newedge Group
2) Assist BLs in managing compensation costs and variable comp ratio

Tasks / Responsibilities to include:
1) Ensure consistent mapping of employment costs (including Expats and Benefits) from Payroll into Management Accounts
2) Ensure consistent reconciliation of deferral accruals
3) Ensure global consistency of accounting treatment of Compensation costs
4) Understand all FO Bonus Plans / arrangements and maintain centralised record / on going accurate, inventory
5) Ensure all provisioning / accruals are for FO Bonus Plans are accurately managed
6) Regularly check sample of Payout calculations and produce standard template of how they should be calculated
7) Commitment to control, ensuring data has gone through proper internal controls.
8) Review, reconcile and substantiate general ledger account balances.

SUPERVISION DUTIES:

N/A

SKILLS AND EXPERIENCE NEEDED:

The ideal candidate will come from finance background with extensive experience in forecasting, analysis and planning. Working experience with Compensation would be an advantage. You should have good communication skills and be able to work in an ever changing and complex environment.

• Chartered Accountant or equivalent
• Strong analytical skills
• Must be detailed oriented
• Motivated to work independently in a fast paced environment
• Good team player who actively contributes
• Strong MS office experience (especially Excel)

REQUIRED REGISTRATIONS:

N/A

POSITION WITHIN HIERARCHY:

Reports to Senior Finance Manager, strong dotted line to Global Head of Compensation

Newedge is a leading force in global multi-asset brokerage with a world-leading position in the execution and clearing of listed derivative products. Newedge offers access to more than 85 markets and has a presence in 23 locations across 17 countries.
Newedge offers a full range of execution and clearing services covering options and futures contracts for financial products and commodities, as well as for money market instruments, bonds, FX, equities and commodities on OTC markets. Newedge also provides a range of value added services including prime brokerage, asset financing, electronic trading and order routing, cross margining, and the centralized reporting of client portfolios.
Supported by two top tier rated shareholders, Société Générale and Crédit Agricole CIB, Newedge is independently run and regulated.
Newedge is an equal opportunity employer. For more information about Newedge, visit www.newedge.com.