Head Of Compensation Accounting

Overview

• Lead compensation accounting for a dynamic investment firm, managing complex compensation structures and ensuring compliance with accounting standards and internal policies.
• Collaborate with senior professionals across Finance, Legal, HR, and investment teams to optimize compensation arrangements tied to performance metrics.
• Drive process improvements and automation in compensation workflows, enhancing operational efficiency and reporting accuracy.
• Analyze compensation trends and expenses to support strategic financial planning and leadership decision-making.
• Develop and maintain robust internal controls for sensitive compensation data and calculations.
• Contribute to the advancement of compensation accounting systems in collaboration with technology teams.
• Support regulatory, tax, and audit requests related to compensation accounting processes.
• Operate in a fast-paced environment, managing confidential data with precision and reliability.

Key Responsibilities & Duties

• Oversee monthly, quarterly, and annual accounting processes for investment team compensation.
• Calculate and manage payout allocations based on performance attribution and platform economics.
• Record and reconcile compensation accruals, bonus reserves, and related journal entries.
• Produce detailed compensation reporting and analytics for senior leadership and business teams.
• Identify and implement automation opportunities to streamline workflows and improve reporting infrastructure.
• Coordinate with external auditors during quarterly reviews and annual audits.
• Assist in forecasting compensation expenses and accruals for strategic budgeting purposes.
• Ensure compliance with accounting standards and maintain strong internal controls around compensation data.

Job Requirements

• Bachelor of Science (BS) in Accounting, Finance, or a related field.
• 7–12 years of experience in hedge fund, management company, or compensation accounting.
• Proficient in US GAAP compensation accounting concepts and deferred compensation structures.
• Advanced Excel skills and familiarity with general ledger systems and financial reporting tools.
• Experience with SQL, Power BI, Alteryx, or similar tools is advantageous.
• CPA certification preferred but not mandatory.
• Exceptional attention to detail and ability to manage confidential information effectively.
• Strong organizational and project management skills in a dynamic environment.