Group Overview:
The TP ICAP Group is a world leading provider of market infrastructure.
Our purpose is to provide clients with access to global financial and commodities markets, improving price discovery, liquidity, and distribution of data, through responsible and innovative solutions.
Through our people and technology, we connect clients to superior liquidity and data solutions.
The Group is home to a stable of premium brands. Collectively, TP ICAP is the largest interdealer broker in the world by revenue, the number one Energy & Commodities broker in the world, the world's leading provider of OTC data, and an award winning all-to-all trading platform.
The Group operates from more than 60 offices in 27 countries. We are 5,300 people strong. We work as one to achieve our vision of being the world's most trusted, innovative, liquidity and data solutions specialist.
Role Overview: *This hybrid position will support both the Compensation and General Ledger teams, assisting with a variety of tasks. The role requires the ability to work independently on key deliverables such as reconciliations and bonus calculations, while also participating in team-based projects. This position requires a high level of accuracy and the ability to meet strict, non-negotiable deadlines.
*Compensation accounting experience is preferred, but a transferable skill set with a strong attention to detail, organization, and deadlines will also be valuable. Those with experience in accounting, finance, or related fields are encouraged to apply.
Role Responsibilities:
• Maintain the record for the Staff Equity Plans
• Calculate performance-based compensation for all desks assigned within deadline provided.
• Book monthly accrual journal entries for equity plans and performance-based compensation.
• Review on a monthly basis any changes to broker contracts or bonus calculations, and update compensation calculations and equity plan schedule accordingly to ensure bonus accruals are recorded accurately.
• Distribute and communicate broker commission calculations to the Desk Heads and Senior Management.
• Communicate deferral bonus amounts to Desk Heads, Senior Management, payroll and Human Resource.
• Prepare monthly journal entries for employee related activity: non-performance based bonuses, COBRA, life insurance, disability, medical & dental, and pension.
• Prepare monthly staff costs report with annotations which are distributed to front office management.
• Prepare and input annual budget and forecast as it relates to compensation.
• Reconcile monthly bonus accrual, equity plan accruals and other payroll related balance sheet accounts.
• Liaise with firm stakeholders to provide requested equity plan information.
• Assist with internal and external audits, providing reconciliations and supporting documents that relate to compensation accounting.
• Provide ad-hoc analysis and perform special projects as required Experience / Competences
Essential
• Attention to Detail
The ability to maintain accurate records, reconcile complex financial data, and ensure that all compensation calculations (such as performance-based compensation and equity plans) are correct and align with company policies and deadlines.
• Financial Acumen & Accounting Knowledge
Strong understanding of accounting principles, particularly in compensation-related areas such as journal entries, accruals, and payroll accounting. Experience with reconciliations and preparing financial reports is crucial for this role.
• Time Management & Deadline Adherence
Given the strict deadlines tied to compensation and general ledger processes, the ability to effectively prioritize tasks, manage multiple assignments simultaneously, and work efficiently under pressure is essential.
• Communication & Stakeholder Management
Clear and effective communication with multiple stakeholders (Desk Heads, Senior Management, Payroll, HR, auditors, etc.) is necessary for distributing compensation information, resolving issues, and ensuring all parties are aligned on compensation calculations and accruals. Desired
• Experience with Compensation Plans & Equity Programs
Familiarity with managing staff equity plans, performance-based bonuses, and other compensation structures, including the ability to navigate changes in broker contracts and update records accordingly.
• Analytical Skills & Problem-Solving
The ability to analyze compensation data, identify discrepancies or areas for improvement, and provide actionable insights or solutions. This includes the capacity to perform ad-hoc analysis and assist with special projects as required.
• Proficiency with Financial Systems & Tools
Experience with accounting software or financial management systems (e.g., SAP, Oracle, or similar) is preferred, as well as advanced Excel skills for data analysis, reporting, and maintaining complex spreadsheets.
• Experience with Audits & Compliance
Familiarity with internal and external audit processes, specifically related to compensation accounting, and the ability to provide necessary documentation and reconciliations in a timely manner. Professional 5
Not The Perfect Fit?
Concerned that you may not meet the criteria precisely? At TP ICAP, we wholeheartedly believe in fostering inclusivity and cultivating a work environment where everyone can flourish, regardless of your personal or professional background. If you are enthusiastic about this role but find that your experience doesn't align perfectly with every aspect of the job description, we strongly encourage you to apply. You may be the ideal candidate for this position or another opportunity within our organisation. Our dedicated Talent Acquisition team is here to assist you in recognising how your unique skills and abilities can be a valuable contribution. Don't hesitate to take the leap and explore the possibilities. Your potential is what truly matters to us.
Company Statement
We know that the best innovation happens when diverse people with different perspectives and skills work together in an inclusive atmosphere. That's why we're building a culture where everyone plays a part in making people feel welcome, ready and willing to contribute. TP ICAP Accord - our Employee Network - is a central to this. As well as representing specific groups, TP ICAP Accord helps increase awareness, collaboration, shares best practice, and holds our firm to account for driving continuous cultural improvement.
$85,000-$95,000
Not The Perfect Fit?
Concerned that you may not meet the criteria precisely? At TP ICAP, we wholeheartedly believe in fostering inclusivity and cultivating a work environment where everyone can flourish, regardless of your personal or professional background. If you are enthusiastic about this role but find that your experience doesn't align perfectly with every aspect of the job description, we strongly encourage you to apply. You may be the ideal candidate for this position or another opportunity within our organisation. Our dedicated Talent Acquisition team is here to assist you in recognising how your unique skills and abilities can be a valuable contribution. Don't hesitate to take the leap and explore the possibilities. Your potential is what truly matters to us.
Company Statement
We know that the best innovation happens when diverse people with different perspectives and skills work together in an inclusive atmosphere. That's why we're building a culture where everyone plays a part in making people feel welcome, ready and willing to contribute. TP ICAP Accord - our Employee Network - is a central to this. As well as representing specific groups, TP ICAP Accord helps increase awareness, collaboration, shares best practice, and holds our firm to account for driving continuous cultural improvement.
Location
USA - 200 Vesey Street - New York, NY
