Manager - Compensation Accounting
December 20, 2022
About the Company:
FTI Consulting, Inc. is a global business advisory firm dedicated to helping organizations protect and enhance enterprise value in an increasingly complex legal, regulatory, and economic environment. With more than 4,400 employees located in 26 countries, FTI Consulting professionals work closely with clients to anticipate, illuminate and overcome complex business challenges in areas such as investigations, litigation, mergers and acquisitions, regulatory issues, reputation management, strategic communications and restructuring. Our professionals are some of the most experienced leaders in their fields including: certified turnaround professionals, forensic accountants, corporate investigation specialists, intellectual property specialists, former political leaders, former chief executives, Nobel Laureate economists, banking and securities professionals, certified public accountants, e-discovery professionals, corporate, financial and crisis communications specialists, chartered financial analysts and industry experts. Since our founding in 1982, clients have turned to us for high-stakes issues that require specialized expertise. FTI Consulting was engaged to work on some of the biggest news stories of the last two decades including the Bernie Madoff investment securities scandal, the Stanford Financial Group investigation, the 2010 Gulf oil spill crisis, the Major League Baseball steroid investigation, and high-profile corporate restructurings including Lehman Brothers, General Motors and CIT, just to name a few.
FTI Consulting continually strives to offer employees and eligible dependents, including domestic partners and eligible domestic partner children, a competitive and comprehensive benefits package. Please click here for more information.
FTI Consulting does not accept unsolicited resumes from external firms or agencies. FTI Consulting will not be responsible for placement fees associated with unsolicited resumes.
FTI Consulting is an equal opportunity employer and does not discriminate on the basis of race, color, national origin, ancestry, citizenship status, protected veteran status, religion, physical or mental disability, marital status, sex, sexual orientation, gender identity or expression, age, or any other basis protected by law, ordinance, or regulation.
About the Opportunity:
This role will manage a team of accounting professionals who will perform Service Level Agreement (SLA) backed centralized compensation accounting operations in support of corporate accounting and multiple business segments. Provide leadership and promote a professional customer service environment. Develop/implement internal best practices to create more efficient and accurate compensation accounting operation to include share-based compensation (ASC718), forgivable loan accounting, variable bonus compensation and other related compensation accounting in support of the SLA. Act as a point of contact for compensation related accounting issues.
Primary Duties:
This position will manage the day-to-day operations of the Corporate Compensation Accounting Team, as well as drive (1) timely recording of compensation entries for monthly closings, (2) compensation accounting issue resolution, with a specific focus on US GAAP impact on SMD compensation globally, (3) recommendations of best practices in the areas of compensation accounting operations (4) coordinate with the Technical Accounting team to research specific topics and drafting technical accounting memos /position papers for complex stock-based compensation accounting policies as necessary.
This position will;
Monthly, Quarterly Compensation Accounting and Reporting:
Controls, Processes & Procedures:
Employee development:
Reporting Relationships:
Basic Qualifications:
Preferred Skills:
Our Benefits
Apart from the well-structured career path and excellent team environment, our employees enjoy a variety of perks and benefits. Our benefits include, but are not limited to:
About FTI Consulting
What makes us unique? With more than 6,250 employees located in offices in every corner of the globe, we are the firm our clients call when their most important issues are at stake. Regardless of what level you are, you will have the opportunity to work alongside and learn from top experts in your field on high-profile engagements that impact history. Our culture is collaborative, and we value diversity, recognition, development and making a difference in our communities.
FTI Consulting is publicly traded on the New York Stock Exchange and has been recognized as a Best Firm to Work For by Consulting magazine and one of America's Best Management Consulting Firms by Forbes . For more information, visit www.fticonsulting.com and connect with us on Twitter ( @FTIConsulting ), Facebook and LinkedIn .
FTI Consulting is an equal opportunity employer and does not discriminate on the basis of race, color, national origin, ancestry, citizenship status, protected veteran status, religion, physical or mental disability, marital status, sex, sexual orientation, gender identity or expression, age, or any other basis protected by law, ordinance, or regulation.
#Li-AF1
FTI Consulting, Inc. is a global business advisory firm dedicated to helping organizations protect and enhance enterprise value in an increasingly complex legal, regulatory, and economic environment. With more than 4,400 employees located in 26 countries, FTI Consulting professionals work closely with clients to anticipate, illuminate and overcome complex business challenges in areas such as investigations, litigation, mergers and acquisitions, regulatory issues, reputation management, strategic communications and restructuring. Our professionals are some of the most experienced leaders in their fields including: certified turnaround professionals, forensic accountants, corporate investigation specialists, intellectual property specialists, former political leaders, former chief executives, Nobel Laureate economists, banking and securities professionals, certified public accountants, e-discovery professionals, corporate, financial and crisis communications specialists, chartered financial analysts and industry experts. Since our founding in 1982, clients have turned to us for high-stakes issues that require specialized expertise. FTI Consulting was engaged to work on some of the biggest news stories of the last two decades including the Bernie Madoff investment securities scandal, the Stanford Financial Group investigation, the 2010 Gulf oil spill crisis, the Major League Baseball steroid investigation, and high-profile corporate restructurings including Lehman Brothers, General Motors and CIT, just to name a few.
FTI Consulting continually strives to offer employees and eligible dependents, including domestic partners and eligible domestic partner children, a competitive and comprehensive benefits package. Please click here for more information.
FTI Consulting does not accept unsolicited resumes from external firms or agencies. FTI Consulting will not be responsible for placement fees associated with unsolicited resumes.
FTI Consulting is an equal opportunity employer and does not discriminate on the basis of race, color, national origin, ancestry, citizenship status, protected veteran status, religion, physical or mental disability, marital status, sex, sexual orientation, gender identity or expression, age, or any other basis protected by law, ordinance, or regulation.
About the Opportunity:
This role will manage a team of accounting professionals who will perform Service Level Agreement (SLA) backed centralized compensation accounting operations in support of corporate accounting and multiple business segments. Provide leadership and promote a professional customer service environment. Develop/implement internal best practices to create more efficient and accurate compensation accounting operation to include share-based compensation (ASC718), forgivable loan accounting, variable bonus compensation and other related compensation accounting in support of the SLA. Act as a point of contact for compensation related accounting issues.
Primary Duties:
This position will manage the day-to-day operations of the Corporate Compensation Accounting Team, as well as drive (1) timely recording of compensation entries for monthly closings, (2) compensation accounting issue resolution, with a specific focus on US GAAP impact on SMD compensation globally, (3) recommendations of best practices in the areas of compensation accounting operations (4) coordinate with the Technical Accounting team to research specific topics and drafting technical accounting memos /position papers for complex stock-based compensation accounting policies as necessary.
This position will;
- Report to the NACA Sr. Compensation Accounting Manager and work closely with corporate accounting, HR executive compensation team and segment finance leadership.
- Participate in key finance projects related to compensation matters and ensure that accounting staff are properly accounting for transactions under US GAAP.
- Assist in enhancing and documenting Forgivable Loans and equity-related procedures and handling operational administrative processes with HR, Payroll and outside vendor.
- Coordinate with the Technical Accounting team in writing white papers on nonstandard compensation arrangements and the related accounting impact.
- Partner with the System Support team to migrate global Forgivable Loans and retention awards into the PeopleSoft database and manage mechanics. Train regional teams to be able to utilize and maintain the database with new awards and provide oversight when needed.
- Work with the System Support team to create a consolidated report of all global retention/sign-on award balances at quarter-end and partner with Internal Audit to review on a regular basis.
Monthly, Quarterly Compensation Accounting and Reporting:
- Manage the corporate compensation team and activities including, forgivable loan accounting, retention bonuses, multiple variable compensation programs, severance, and other compensation related accounting as well as monthly closing entries and account reconciliations.
- Coordinate monthly close activities related to compensation in unison with firm-wide monthly close calendar; enhance timeliness of closing process by understanding critical path deliverables and developing the proper automation and best practice processes.
- Develop key metrics and tools to communicate status of key deliverables.
- Ensure proper accounting standards and controls are documented, tested, and operating effectively - journal entry reviews, general ledger account reconciliations, analytic review of monthly results including detailed analysis and understanding of compensation issues.
- Ensure account reconciliations are timely, properly prepared and reviewed.
- Direct the preparation of budgets and forecasts for compensation related items
- Assess corporate departments' preliminary results against forecast, budget, and prior year expectations; ensure all proper accounting entries have been recorded.
- Provide customer support to Segment accounting personnel as needed on compensation related matters as defined in the SLA.
- Ensure appropriate procedures are documented and in place to analytically review key account fluctuations within the balance sheet and follow up as appropriate.
- Participate in the new ERP system implementation.
Controls, Processes & Procedures:
- Ensure compliance with US GAAP.
- Oversee the design and effectiveness of both operational and financial internal controls in areas of responsibility. Ensure that all SOX requirements are met.
- Liaise with external auditors on compensation accounting matters, document preparation (PBC's), supporting document requests from auditors, audit process, coordination of audit requests with team resources.
Employee development:
- Assess accounting staffing model and evaluate staff performance to maximize productivity and ensure skills appropriately fit responsibilities.
- Recruit, coach, and mentor direct reports - develop appropriate training opportunities.
- Assist in providing accountants the experience and training to effectively carry out required responsibilities including access to training to keep current on new pronouncements and accounting trends.
- Measure staff satisfaction and performance.
Reporting Relationships:
- Direct reports include Senior and/or staff accountant(s).
- Close working relationship with segment finance leads in all phases of proper accounting and control management. Advisory role in complex accounting areas being addressed by corporate accounting.
Basic Qualifications:
- Bachelor's degree in accounting and CPA preferred.
- Minimum 8-12 years' experience with public accounting and/or US public companies preferred.
- Experience in compensation/share-based accounting a plus.
- Able to communicate effectively with segment finance leadership on SLA execution and continuous best practice improvements.
- Supervisory experience - best practice implementation, employee development, departmental reorganizations, controls, and procedures focus.
Preferred Skills:
- Excellent written and oral communication skills.
- Able to identify, understand and apply technical accounting concepts (thorough knowledge of GAAP). Experience within a multi-national environment at a management level.
- Supervisory experience and excellent interpersonal, communication and negotiation skills. Ability to do this over several mediums (i.e., face-to-face, skype, telephone, written/email) and with all layers within the organization. Exposure to senior leaders in corporate departments and segment finance leadership.
- Demonstrated ability to instill respect and trust of the accounting and finance team and colleagues.
- The ability to multi-task and willingness to learn new skills.
- Able to work well in a matrix environment.
- Strong analytical skills.
- The ability to work effectively in a high growth environment and a rapidly changing organization.
- Good working knowledge of PC and network environment, word processing, database, and spreadsheet software. Advanced knowledge of Microsoft Excel, Word and Power Point required.
- Experience with financial systems development and implementations.
- Experience working with both domestic and international operating units preferred.
Our Benefits
Apart from the well-structured career path and excellent team environment, our employees enjoy a variety of perks and benefits. Our benefits include, but are not limited to:
- Competitive salary and bonus plans
- Generous paid holidays, time off and parental leave
- Full package of benefits plans
- Company matched 401K
- Annual paid volunteer hours
- Corporate matching for charitable donations
- Potential for flexible working arrangements
- Free snacks and drinks
- Upscale offices close to public transportation
- Pet insurance
About FTI Consulting
What makes us unique? With more than 6,250 employees located in offices in every corner of the globe, we are the firm our clients call when their most important issues are at stake. Regardless of what level you are, you will have the opportunity to work alongside and learn from top experts in your field on high-profile engagements that impact history. Our culture is collaborative, and we value diversity, recognition, development and making a difference in our communities.
FTI Consulting is publicly traded on the New York Stock Exchange and has been recognized as a Best Firm to Work For by Consulting magazine and one of America's Best Management Consulting Firms by Forbes . For more information, visit www.fticonsulting.com and connect with us on Twitter ( @FTIConsulting ), Facebook and LinkedIn .
FTI Consulting is an equal opportunity employer and does not discriminate on the basis of race, color, national origin, ancestry, citizenship status, protected veteran status, religion, physical or mental disability, marital status, sex, sexual orientation, gender identity or expression, age, or any other basis protected by law, ordinance, or regulation.
#Li-AF1