Vice President, Compensation & Benefits Accounting

Available November 23, 2021 thru January 01, 2022

  • New York


  • Most people don’t realize the importance of the Finance department in keeping our business operating without hitches and delays. That’s probably because we oversee many of the more quietly glamorous, back-office functions that drive our bottom line. We not only forecast, build and manage budgets, we also collect and analyze important data that helps leadership make the best decisions. All of this sounds exciting to you because you love numbers and spreadsheets, and especially love great entertainment."THE ROLE: Vice President, Compensation & Benefits Accounting
  • Manage the budgeting, forecasting and accounting of the Company’s compensation and benefits expenses.

  • Responsible for the accounting for all compensation and benefits costs including employee compensation, annual and long-term incentive plans, retirement plans (2 qualified and 4 non-qualified plans), and all additional components of the company’s benefit plans. 
  • Oversee the analysis and reconciliation of all related balance sheets
  • Lead the annual benefit plan audits with outside auditors for the qualified retirement plans.  Prepare the financial statements for each qualified plan.  Liaise with all parties, outside auditors, plan trustees, recordkeepers, actuaries and human resources to ensure timely completion of the benefit plan audits and filing of the 5500 statements.
  • Develop and maintain all policies and procedures related to payroll, compensation, and benefit accounting. 
  • Stay current with all related FASB pronouncements and work with the VP, Assistant Controller to adopt and modify when applicable.
  • Research and document technical accounting issues that are relevant to the company’s benefit plans.  Provide coverage on all year-end financial audit items related to compensation and benefits
  • Partner with the actuary firm to ensure that all funding requirements for the Defined Benefit Plan are met. 
  • Work with the investment manager to ensure there is adequate funding for the Senior Executive Retirement Plans (SERP) distributions.
  • Perform various general ledger month-end financial close activities; ensure that the transactions for all compensation and benefits related costs are properly recorded as part of the monthly financial close process. Make sure that the accruals and the accounting for the Defined Benefit Plan, SERP and the Post-Retirement Medical Plans, are in accordance with US GAAP.
  • Role requires heavy interaction with HR’s VP of Total Rewards, actuaries, plan investment managers, plan trustees, and external benefit auditors to ensure that the Company appropriately meets its fiduciary responsibilities.
  • Supervise Senior Compensation Manager responsible for the day-to-day responsibilities of Compensation and benefits Accounting tasks.
  • Oversee the Payroll functions and provide guidance and expertise to the Sr. Director of Payroll in managing the priorities and deliverables for the Payroll team.
  • Perform special projects and provide support as needed by SVP Controller & Treasurer

  • B.S Accounting
  • CPA is preferred but not required.
  • Prior experience overseeing corporate payroll functions is required.
  • 7 - 10 years of Accounting experience with at least 3 of those years working in a compensation and benefits accounting role.
  • Knowledge of general accounting principles. Specific technical knowledge of benefits accounting.
  • Public accounting experience required. 
  • Prior knowledge of SAP software preferred.
  • Ability to work independently. 
  • Strong communication skills, written and verbal is required. 

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