Career Opportunities

Payroll Accountant

New York, NY Full-Time Finance

Marex is a diversified global financial services platform, providing essential liquidity, market access and infrastructure services to clients in the energy, commodities and financial markets.

The Group provides comprehensive breadth and depth of coverage across four core services: Market Making, Clearing, Hedging and Investment Solutions and Agency and Execution. It has a leading franchise in many major metals, energy and agricultural products, executing around 50 million trades and clearing 205 million contracts in 2022. The Group provides access to the world’s major commodity markets, covering a broad range of clients that include some of the largest commodity producers, consumers and traders, banks, hedge funds and asset managers.

Marex was established in 2005 but through its subsidiaries can trace its roots in the commodity markets back almost 100 years. Headquartered in London with 36 offices worldwide, the Group has over 1,800 employees across Europe, Asia and America.

For more information visit www.marex.com

Purpose of Role:

The Payroll Accountant is responsible for preparing, generating, and accounting for payroll information including recording employee pay data, commissions, and benefits, ensuring the accuracy of all information and managing deadlines.

This individual will be interfacing the payroll information with the General Ledger. Implements, maintains, and reviews payroll processing and accounting systems to ensure timely and accurate processing of payroll transactions including salaries, benefits, garnishments, taxes, and other deductions.

Ensures accurate and timely processing of payroll updates including new hires, terminations, and changes to pay rates. Prepares and maintains accurate records and reports of payroll transactions. Ensures compliance with federal, state, and local payroll, wage, and hour laws and best practices. Facilitates audits by providing records and documentation to auditors. Identifies and recommends updates to payroll accounting software, systems, and procedures.

Marex has unique access across markets with significant share globally both on and off exchange. The depth of knowledge amongst its teams and divisions provides its customers with clear advantage, and its technology-led service provides access to all major exchanges, order-flow management via screen, voice and DMA, plus award-winning data, insights and analytics.

Responsibilities:

  • Conduct monthly analytical review on legal entity expenses and related balance sheet accounts.
  • Assist with the preparation of monthly management reports.
  • Prepare, reconcile and challenge balance sheet accounts.

Monthly and Year End – Assist in all phases of the closing and reporting functions, including:

  • Analyze variances in expense statements and balance sheet accounts monthly.
  • Apply principles of accounting to analyze financial information and prepare financial reports.
  • Assist in year-end audits and manage ad-hoc inquiries from external auditors.

Miscellaneous Department Duties

  • Role model for demonstrating highest level standards of integrity and conduct and reflecting Company Values.
  • Engage in the development of an interface from ADP to the GL.
  • Managing and accounting for the ADP data for GL Entries
  • Preparation of manual payment wires
  • Manage the posting of the bi-monthly payroll journals.
  • Reconciliation of the Salary data to the GL
  • Explanation of Salary and Benefit related month over month variances.
  • Manage the Employee Dimension file.
  • Ensure Employee Cost Codes have been applied properly.
  • Accounting for and reconciliation of the various benefit plans:
    • Life Insurance
    • Medical
    • Dental
    • Vision
    • HSA
    • FSA
    • Transit
  • Report any breaches of policy to Compliance to the CFO.
  • Understand and adhere to Compliance rules and how role relates to the regulatory framework.
  • Ensuring compliance with the company’s regulatory requirements under the FCA, NFA, AMF, AFM, MAS
  • Adhere to the operational risk framework for your role ensuring that all regulatory or company determined parameters are complied with.
  • Role model for demonstrating highest level standards of integrity and conduct and reflecting Company Values.
  • At all times complying with Marex’s Code of Conduct
    • To ensure that you are fully aware of and adhere to internal policies that relate to you, your role or any other activities for which you have any level of responsibility.
    • To report any breaches of policy to Compliance and/ or your supervisor as required.
    • To escalate risk events immediately.
    • To provide input to risk management processes, as required.

The Company may require you to carry out other duties from time to time

Competencies, Skills and Experience:

Competencies

  • A collaborative team player, approachable, self-sufficient and influences a positive work environment
  • Detail-oriented with a strong commitment to preparing accurate work
  • Resilient and with the ability to take a high level of responsibility in a fast paced and high-volume environment
  • Strategic collaborator with insight and agility, able to anticipate future challenges, ensuring operational effectiveness

Skills and Experience

  • A bachelor’s degree or equivalent in accounting/related field -OR- Master’s in Accounting
  • Proficiency in Microsoft Excel, Access, and Word in automating tasks and organizing data for analytical purposes with pivot tables and charts;  advanced Microsoft Excel skills required
  • Experience in accounting or bookkeeping for at least 3 years
  • Experience with payroll systems (e.g. ADP or similar) for at least 3 years
  • Experience with general ledger accounting software for at least 3 years
  • Extensive knowledge of payroll functions including preparation, balancing, internal control, and payroll taxes.
  • Experience with PeopleSoft general ledge
  • Thorough knowledge of accounting principles and procedures
  • Experience working in a regulated environment and knowledge of the risk and compliance requirements associated with this

Salary Range:    $33.65 to $38.46 per hour

Marex’s goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the employer of choice for prospective candidates. We encourage applications from candidates returning to the job market.

It is the policy of Marex to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.

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