Compensation Accounting

About the Customer

A leading global marketing and corporate communications company. Omnicom//'s branded networks and numerous specialty firms provide advertising, strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, public relations, and other specialty communications services to over 5,000 clients in more than 70 countries.

About the Role

POSITION SUMMARY

The Compensation and Benefits Accounting Team is a part of the Office of the CFO and Controllership organization. The Associate will be a member of a team of professionals that serve as the organizational center of excellence for compensation, benefits, and equity plan accounting to deliver best in class accounting and support business partners with reporting and analysis. The Associate will be responsible for accounting and reporting for compensation, benefits and equity plans

KEY RESPONSIBILITIES AND DUTIES

• Ensure complete, accurate and timely month-end, quarter-end and year-end close processes for compensation (Various short term and long term award plan) , benefits and equity plan accounting.
• Prepare and record monthly journal entries and adjusting entries, as needed
• Prepare pre-close month over month variance analysis and explanations
• Work independently to monitor, maintain, and reconcile complex general ledger accounts; liaise with cross functional team to research and resolve reconciliation exceptions
• Participate in special projects and ad hoc reporting
• Cross train on various accounting functions within the team
• Participate in completing and reviewing internal and external audit requirements
• Integrate new unit/award issuance; forfeiture, termination into accounting processes and workpapers, as required
• Assist with researching related technical accounting or reporting issues and provide timely, accurate and well documented guidance to ensure proper accounting treatment
• Maintain compliance with GAAP or regulatory accounting and reporting requirements
• Monitor and maintain written documentation of policies, procedures, processes, and controls within Compensation and benefit areas
• Become thoroughly familiar with assigned general ledger accounts, compensation and benefit programs, business segments and applicable technical accounting area

Location

Mumbai

Exerience:

5+ years

Background and Requirements