Accounting Manager - Branch Compensation
Company: EDWARD JONES
Location: Springfield
Posted on: September 18, 2023
Job Description:
At Edward Jones, we help clients achieve their serious,
long-term financial goals by understanding their needs and
implementing tailored solutions. To ensure a personal client
experience, we have located our 15,000+ branch offices where our
more than 7 million clients live and work.
In a typical branch office, a financial advisor meets with clients
and receives branch office support, so they can focus on building
deep relationships with clients. Headquarters associates in St.
Louis, Tempe and Mississauga provide support and expertise to help
U.S. and Canada branch teams deliver an ideal client experience. We
continue to grow to meet the needs of long-term individual
investors.Branch Compensation is responsible for the timely &
accurate payment of all elements of Financial Advisor Compensation
including Commissions, New FA Compensation, Trimester Bonus, Travel
Award Program, etc. This position will work in collaboration with
the Branch Compensation Department Leader to ensure team
responsibilities, both recurring and ad hoc, are completed timely
and accurately. This includes general ledger account
reconciliations, journal entries, process improvements, process
control enhancements, Financial Advisor escalations, Financial
Advisor policy enhancements, compensation education and
communication. Branch Compensation is a fast paced, highly complex
environment with each associate responsible for many key processes
throughout the month. Therefore, understanding upstream and
downstream impacts of Financial Advisor Compensation, the ability
to plan, organize and prioritize, think strategically, assist
others and solve problems from routine to complex are crucial to
the role.
Responsibilities:
Reconcile and review general ledger,
customer, and/or firm accounts and transactions. Review of
reconciliations and transactions performed by others.Prepare,
summarize, and present firm financial reports and analysis to
leader. Identify trends and present recommendations to Senior
Leadership in order to influence decision making.Ability to
research technical topics to determine and recommend the
appropriate action to be taken.Continually evaluate and improve
processes and controls related to the functional area.Leverage
functional knowledge and ability to understand concepts and analyze
data to inform or make decisions.Analyze, document, and monitor
business processes. Identify and implement process and control
improvements where needed.Support and/or lead system design,
documentation, testing, and implementation to ensure functional
business area requirements are met.Build, maintain, and leverage
relationships to gather critical information and influence key
decisions. This involves communication and coordination both within
and outside the organization.Inform and educate other business
areas as to the financial impact of potential business decisions
they are responsible for making.Understand the roles,
responsibilities, and activities performed by organizational
functions (e.g., marketing, sales, operations, finance, human
resources); understand the interrelationship among organizational
functions; have experience and skill in managing across functional
and organizational lines.Proactively identify high risk issues,
formulate recommendations, and play a major role in implementing
solutions.Support or lead system design, documentation, testing,
and implementation to ensure functional business area requirements
are met.Takes constructive action at work with little or no
direction from others; drives for results through new, innovative
ideas or work methods.Build, maintain, and leverage relationships
to gather critical information and influence key decisions. This
involves communication and coordination both within and outside the
organization.Participate in and/or lead cross functional teams
responsible for implementing Finance business objectives and
projects.
- A Bachelor's degree in related field is required.
- 8+ years of relevant work experience in accounting, finance or
related field is preferred.
- Proficiency with Microsoft Office is required.
- Working knowledge of PeopleSoft Financials is a plus.
Problem Solving:
- Able to look at business financial objectives and provide
solutions to problems that are right for the firm. Problems are
often complex.
- Identifies problems affecting the functional areas processes
and controls, recognizes the root causes, and identifies multiple
potential or innovative solutions to problems.
- Ability to solve problems while working with tight time frames,
heavy workloads, or conflicting demands.
- Ability to manage highly complex matters or processes in their
area of expertise.
- Knows when to depart from traditional methods or behaviors or
when to compromise for the sake of organizational accomplishment;
adapts quickly and effectively when situational constraints require
a change; employs unique and creative perspectives to situations as
appropriate.
Decision Making:
- Responsible for making decisions regarding application of
accounting policy, the firm's financial condition or sound
financial concepts.
- Approach issues and provide solutions that recognize the
complex interrelationships among business activities; outline how
decisions affect the overall firm's financial condition, other
business areas, outcomes, or processes.
- Setting priorities according to criteria such as time urgency,
perceived value of outcome, ease of completion, importance, and
political/organizational factors.
- Moderate risk decisions are made without input from higher
management levels. Larger or more complex decisions and strategies
would be reviewed and agreed with the Manager's leader.
Span of Influence:
- The position requires a consistent need to work closely with
the team, with other departments within Finance, and with various
levels of associates in other divisions of the Firm. Direct
interaction with senior Finance leaders and external parties. While
there are no direct people responsibilities, coordinating with
others to accomplish tasks and meet deadlines will be required and
there could be mentoring and training responsibilities for other
associates on the team. May provide direction and leadership, able
to lead and influence others directly or indirectly.
- 100 Best Workplaces for Millennials in 2022, published Fortune
July 2022, Great Places to Work - data as of March 2022.
Compensation provided for using, not obtaining, the rating.
- Edward Jones was recognized as one of the Best Workplaces for
Millennials by Great Places to Work - and Fortune - magazine. The
privately held firm ranked No. 2 overall, in its fourth appearance
on the list.2022 Fortune Best Workplaces for Women, published
September 2022, research by Great Places to Work -, data as of
August 2021. Compensation provided for using, not obtaining, the
rating.
Edward Jones has been named to the
2022 Best Workplaces for Women list by Great Places to Work - and
Fortune - magazine, ranking No. 45.2022 Fortune's 100 Best
Companies to Work For, published April 2022, research by Great
Place to Work -, data as of August 2021. Compensation provided for
using, not obtaining, the rating.
For the 23rd time, Edward Jones has
earned a spot on the Fortune 100 Best Companies to Work For -
ranking by Great Places to Work - and Fortune - magazine. Edward
Jones ranked No. 35 on the prestigious 2022 list.2022 Best Places
to Work For LGBTQ+ Equality, Great Place to Work - in partnership
with Human Rights Campaign Foundation, published Equity Magazine
January 2022, data as of July 2021. Compensation provided for
using, not obtaining, the rating.
Edward Jones scored 100 percent on
the Human Rights Campaign Foundation's 2022 Corporate Equality
Index (CEI) the nation's foremost benchmarking survey and report
measuring corporate policies and practices related to LGBTQ+
workplace equality. The ranking designated Jones as one of the best
places to work for LGBTQ+Equality.Edward Jones does not
discriminate on the basis of race, color, gender, religion,
national origin, age, disability, sexual orientation, pregnancy,
veteran status, genetic information or any other basis prohibited
by applicable law.At Edward Jones, we value and respect our
associates and their contributions, and we recognize individual
efforts through a rewards program that promotes a long-term career,
financial security and well-being. to learn more about our total
compensation approach, which in addition to base salary, typically
includes benefits, bonuses and profit sharing. The salary range for
this role is based on national data and actual pay is based on
skills, experience, education, and other relevant factors for a
potential new associate:
Salary: $78795 - $134163
Category: Headquarters
Keywords: EDWARD JONES, Springfield , Accounting Manager - Branch Compensation, Executive , Springfield, Missouri
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