Banking- Compensation Accounting Analyst/Associate (New York, Ny)

Description Our History:

From our start in 2009, Conexess has established itself in 3 markets, employing nearly 200+ individuals nation-wide. Operating in over 15 states, our client base ranges from Fortune 500/1000 companies, to mid-small range companies. For most of the mid-small range companies, we are exclusively used due to our outstanding staffing track record

Who We Are:

Conexess is a full-service staffing firm offering contract, contract-to hire, and direct placements. We have a wide range of recruiting capabilities extending from help desk technicians to CIOs. We are also capable of offering project based work.

Description:

Compensation Accounting is responsible for accounting, reporting and payment of salary, bonus (Cash and Equity), other types of remuneration paid to employees of the firm and tax payments to domestic and international tax authorities.

These responsibilities include the accounting of cash payments and equity awards, projections/budgets, wage and tax reporting of employee share-based compensation and share-based disclosures including basic & diluted share count for the Firm. We work closely with other areas of the firm such as Human Capital Management (HCM), Tax, Treasury, Legal and Corporate Financial Reporting.

Responsibilities

• Calculate monthly accruals for salary, bonus, payroll tax, severance and vacation
• Reconcile data between HCM and Compensation Accounting applications
• Identify and implement process improvement opportunities
• Reconcile sub-ledger balances to the general ledger and quarterly balance sheet substantiation
• Perform and maintain support documentation in accordance with Sarbanes-Oxley legislation
• Prepare budgets/projections for salary, bonus, payroll tax, and share-based awards
• Ensure proper Wage & Tax reporting for share-based awards delivered to employees
• Calculate monthly accruals for amortization at grant date fair value, mark to market, and employer tax expenses on share-based awards
• Prepare share-based disclosures in accordance with ASC-718 and IFRS2
• Calculate the tax deduction on delivered share-based awards
• Ensure sound operational controls are maintained and followed in compliance with existing internal/external governance
• Prepare standard management reports for various groups and respond to ad hoc queries
• Perform testing of system enhancements and liaise with the technology support team

EXPERIENCE:

Basic Qualifications:

• 2 Years of general accounting experience (share-based accounting a plus)
• Bachelor’s Degree in Accounting or Finance

Preferred Qualifications:

• Strong organization and analytical skills
• Strong communication and interpersonal skills
• Demonstrate ability to develop positive working relationships
• Ability to multi-task and remain flexible to constantly changing priorities
• Some knowledge in Accounting Standards Codification (ASC) 718 and 260 a plus
• Proficient in Microsoft Excel, Word, Access and Power Point
• Extreme attention to details and the ability to follow through