Are you a sharp, energetic Accounting professional looking for an intellectually meaningful and multifaceted role in an ever-evolving organization? If so, we’re looking for someone like you to join our Compensation Accounting team as an Accounting Analyst.
The Compensation Accounting team at Millennium handles all compensation related expenses for the firm. This group partners with Trading Management, Human Resources, and Legal on the management of trader payouts, core compensation and firm deferred compensation. Day-to-day, you will be responsible for preparing and reconciling monthly payout accruals, payout estimates, and final payout calculations. You will also be working on monthly income statements for trading teams, reporting, and various ad hoc requests. Ideally, you will be motivated to take on strategic projects to help increase efficiencies, while also having the poise and confidence to liaise cross-functionally, be it with senior management or front office professionals.
This position demands an analytical approach to problem-solving, as well as outstanding organizational and multi-tasking skills. It requires you have a keen eye for detail and able to deliver in a fast-paced, demanding environment while remaining calm under pressure.
Responsible for preparing month-end closing, journal entries, various reconciliations, and compensation-related processes
Focus will be on compensation accounting, including trader payouts, employee special investments, compensation analysis and automation of various processes
Interaction with various other departments including HR, legal, middle office, IT, trading teams and business heads
Help implement reporting/analysis to senior management that adds value/impact to overall business streams
Ad-hoc projects as needed
2+ years in a Finance or Accounting Role, (e.g. preferably public and/or private accounting background with hedge fund experience in compensation accounting)
Bachelor's degree in business administration, accounting, finance, or related field preferred
Strong written and verbal communications with the ability to communicate with senior leaders including management and Portfolio Managers
Proven ability to contribute in a fast-paced environment with the ability to prioritize tasks and handle time efficiently
Excellent attention to detail with a dedication to accuracy, quality, and integrity
Good teammate with a strong client service mentality, as well as a willingness to participate and help others
Highly analytical with strong problem solving skills and the ability to balance multiple deadlines
Strong Excel skills (including v-lookup and pivot tables); experience with Oracle would also be ideal
Who We Are
Founded in 1989, we are one of the largest and longest operating hedge funds with over $52 billion in assets under management. We allocate capital across more than 260 entrepreneurial portfolio managers that invest in a diverse set of strategies. Our goal is to help our global investors meet their investment objectives by achieving absolute returns with minimal risk over the long-term. We do this by empowering our portfolio managers through proprietary technology and resources at scale, to build a uniquely diversified investment platform.
A Career at Millennium
With more than 3,600 employees, our firm harnesses the entrepreneurial drive of our people. We seek to attract, develop and retain the best talent in the industry. We offer an opportunity to develop your career by working with a leadership team that has years of industry experience across a variety of disciplines. We encourage our team to work together in a collegial and collaborative team-based environment. We empower them to act like owners by making decisions based on a combination of rigorous analysis and an open, creative mindset. This enables us to continuously improve our day-to-day activities, an...d ultimately the Firm as a whole.
What We Do
We employ a global, multi-strategy investment approach, opportunistically engaging in a broad array of trading and investing strategies across a wide group of diversified managers.
Our specialized divisions have built and continually evolve our core infrastructure platform. This enables our trading teams to pursue their unique investment strategies independently, while operating within one centrally-driven risk and operational framework.
Millennium has differentiated itself from other alternative investment management firms through our consistent ability to generate high quality returns for our investors. Millennium’s unique framework has created what we believe to be a sustainable and scalable organization aligned in partnership with our investors. Our dedication to our mission has defined Millennium as an industry leader over our 30+ year history.
Our firm harnesses the entrepreneurial drive of our people, and we strive to employ among the best in the industry. We offer an opportunity for developing one’s career while working with individuals trained in a variety of disciplines in a collegial and dynamic environment.