• 2 July 2008
• Reference: JR201089

• Deferred Compensation Specialist - City

• City of London £35,000 - £40,000 p/a Permanent
• Benefits: bonus and benefits

Deferred Compensation Specialist
Investment Bank
Excellent package

Great role for a reward professional with an interest in moving into cash-based deferred compensation.

This position supports the efficient and effective management of the Bank's global cash programmes for senior employees, including voluntary and mandatory deferred cash plans and performance based incentive plans.

Role:

- Day to day vendor management (including KPI monitoring and a point of escalation for Administrators, Trustees and Custodians)
- Perform defined control checks on Administrators
- Facilitate share tax sale and share transfers with internal custody
- Monitoring internal custody share account and reconciling movement
- Monitoring Asset/Liability reports
- Co-ordinating the annual election process for voluntary cash bonus deferral plans
- Co-ordinating the vesting/distribution process for mandatory deferred Cash Plans and year end Performance Based Incentive Plans
- Preparing monthly performance report for a Mandatory Deferred Cash Plan
- Secondary support for preparing Buy-outs

Person:

- Experience in deferred equity management/Vendor Management is preferred
- Advanced Microsoft packages (Excel is critical)
- Experience in an HR reward environment
- Experience working in a global/matrixed environment
- Good knowledge of vendors, the local market and competitor organizations
- Good understanding of the reward product range
- Knowledge and experience of voluntary deferral schemes is preferred

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