About the Equity Methods Consulting Practice
A wholly owned subsidiary of Merrill Lynch, Equity Methods serves a diverse clientele primarily consisting of Fortune 1000 companies. We are strategically partnered with some of the largest financial institutions and work closely with Big 4 and other large public accounting firms. Our academic affiliates have provided key guidance to the FASB and SEC as they formulate policy regarding FAS 123R and equity accounting.
We provide valuation and accounting solutions in the equity compensation space with a particular focus on the various compliance challenges created by Statement of Financial Accounting Standard 123 Revised (SFAS 123R), SFAS 128, and SFAS 109. Our practice is constantly performing research to expand our offerings into new areas valued by our client base.
Equity Methods’ consulting practice and academic affiliate team include some of the nation’s foremost experts in valuation and accounting. Members of the practice are given stimulating engagements that involve analysis and presentation to senior-level finance and accounting executives at client firms and managers/partners from Big 4 audit firms. Including both junior associates and seasoned individuals with decades of research and practitioner experience, the team is a diverse group of bright, thoughtful, and collaborative professionals.
The Financial Reporting area of our practice specializes in developing controlled processes to handle expense computation and deferred tax accounting for large, complex equity compensation plans of Fortune 1000 clients. As a key member of an emerging practice area, you will have an immediate opportunity to begin adding value and supporting growth by helping clients with complex plans migrate from spreadsheet-based procedures involving significant manual intervention to well-designed, thoroughly documented algorithmic solutions that you help design and implement.
If you have a strong grounding in accounting theory, enjoy problem-solving, and have a collaborative client-focused mindset, then we would like to meet you and give you the opportunity to learn more about our practice. Our specialty is the accounting, finance, and economics surrounding equity compensation. While not all our professionals came to us with a background in equity compensation or consulting, all share our cultural values: solving complex problems thoughtfully and working with project stakeholders to create value for clients.
Roles for the Financial Reporting Senior Consultant
1) Lead in custom financial reporting (CFR) engagements, providing client-specific solutions that meet specialized reporting needs and communicating complex ideas to clients and their external auditors orally and in writing.
2) Design, implement, and document the underlying data handling processes of financial reporting engagements, ensuring that solutions are consistent with the terms of the client’s compensation plans and adhere to the accounting regulations and standards.
3) Participate in contract development and scope assessments, supporting leaders of the practice in developing air-tight contracts that are priced correctly.
4) Foster a healthy and respectful work environment by encouraging collaboration, supporting contributions of team members and giving/receiving constructive feedback as necessary.
Specific SFAS 123R experience is not required; however, successful candidates will have experience in designing processes, developing and/or reviewing working papers, and interacting with clients. The Senior Consultant will be supported by leaders of the practice in an effort to train and develop the consultant to assume managerial responsibilities, including oversight of client engagements and personnel.
Proficiencies and background should include:
1) Bachelors, Masters, or PhD in accounting or finance
2) Expertise and experience in theoretical accounting subjects; candidate must be capable of interpreting complex accounting theory and developing accurate, applied solutions
3) Ability and willingness to think critically and solve “out-of-the-box” problems independently
4) Creativity in engineering processes from both a controls and efficiency perspective
5) Maturity in internal/external communication and time management
6) Desirable: Exposure to database design principles
7) Desirable: Exposure to SAS or another programming language for high-volume data handling
8) Desirable: CPA license or CPA candidacy
9) 3-5 years of experience
10) A position is available for someone who has 6-8 years of experience as well
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