Compensation Accountant in London

Chestertons is known as a established property company providing expert advice and property services across London.

Established in 1805, Chestertons is one of the oldest firms of estate agents in the world, and has continued on in success through many different market conditions and changes in history. Chestertons has remained as one of the most familiar and trusted names in property for well over 200 years.

Compensation Accountant

Location: London/Hybrid 

Hours: Monday - Friday 8:30am - 6pm

Salary: £57,500

Role Overview

This Compensation Accountant role will be part of our growing Finance team and will be reporting directly to the Head of Business Improvement.

The role is primarily responsible for the day-to-day accounting requirements and updating remuneration schemes in union with the Commissions Analyst.

In this role, you will work closely with M&A and manage many processes, policies and changes of remunerations for employees, performed through adhoc work and the use of custom-made excel model.

Responsibilities

•  Process M&A staff remuneration payments to payroll during the transition phase until employees are integrated into existing remuneration schemes.
• Collaborate with the other Commission Analyst within the Finance department.
• Operate components of current remuneration models and provide support to employees.
• Ensure changes are accurately defined and tested in the model before implementation.
• Import commission and bonus payments into payroll.
• Review HR/Recruitment workflow correspondence through emails and reporting records.
• Manage the remuneration reconciliation process, including researching and resolving issues and disputes.
• Review monthly reconciliation of banking data.
• Respond to ad hoc requests and remuneration-related inquiries.
• Distribute remuneration statements to employees.
• Upload targets and performance data to the Dashboard.
• Maintain regular contact with Senior Management, keeping them informed and addressing their requests.
• Review and prepare monthly remuneration calculations for accruals for management accounts.
• Update the payroll month-end close model for review and approval by stakeholders.
• Conduct payroll headcount reporting

Essential Requirements

• Over 3 years of experience in industry, remuneration, sales operations, and payroll.
• Partially qualified in an accounting qualification.
• Knowledge of HR and payroll processes.
• Understanding and experience with sales remuneration structures and mechanics (e.g., targeting, tiered systems, rolling averages, multipliers, accelerators, minimum thresholds, capping, and KPIs).
• Proficient in managing multiple business entities, mergers, and acquisitions.
• Advanced proficiency in MS Excel (essential), including proven experience with pivot tables, complex formulas, lookup functions, and macros.
• Experience with SAP and Workday is desirable but not essential.

Perks That Make a Difference:

Benefits: Employee assistance programme, competitive holiday allowance + public holidays, charity matching and payroll giving, contribution towards eye care tests, annual flu vaccination vouchers, birthday leave, health cash plan plus a range of other additional benefits that are linked to specific job grades.

We are an equal opportunities employer, we welcome applications from everyone who is excited by the opportunity to join us. At Chestertons, we are committed to creating a diverse and inclusive workplace. We will thoroughly consider all applications without attention to ethnicity, religion, sexual orientation, gender, identity, family or parental status, national origin, veteran status, neurodiversity status, or disability status.

Campions

Campions is one of the fastest growing sales and lettings agency groups in the UK. It currently includes the Chestertons, Chase Buchanan, Retirement Homesearch and Campions Lettings & Management brands which collectively sell, rent and manage thousands of properties across the country every year.