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Job Information

Raymond James Financial, Inc. Director, Financial Reporting- Compensation in St. Petersburg, Florida


Job Summary:

Under general direction with a high level of autonomy, uses extensive knowledge and skills obtained through education and experience to oversee the compensation ccounting and payroll function in compliance with all applicable regulations including GAAP, SEC, and FHC requirements for Raymond James Financial (RJF) and its business units. Compiles comprehensive reports and prepares packages for senior management and executives regarding such topics including variance analysis and trends in compensation expense incurred by each business unit. . Regular contact with senior management and other internal customers is required to identify, research, and resolve compensation accounting issues and provide comprehensive solutions to problems.

Essential Duties and Responsibilities

  • Leads and manages the processes regarding the accounting for all aspects of compensation which include payroll, cash incentive compensation programs, share-based compensation programs, other compensation-related benefits programs of the firm including profit sharing plans, employee stock ownership plans, long-term incentive plans, and loans provided to revenue producers, in each case ensuring compliance with GAAP, SEC and FHC rules and regulations.

  • Manages technical accounting and oversees business units’ treatment of compensation related accounting issues, implementation of new compensation related accounting standards and compliance with regulations.

  • Oversees the firm’s payroll processing function, including related payroll taxes and reporting.

  • Leverages the utilization of Solium, the share-based compensation system utilized by the firm.

  • Maintains frequent and regular communication with leaders in the human resources area and business units to discuss any changes in compensation accounting practices, contracts or agreements or new compensation initiatives or programs that may impact the business units financial, as well as financial or regulatory reporting, including disclosure items, for the business unit as required.

  • Implements and oversees the update of internal financial compensation reporting policies, procedures and accounting pronouncements.

  • Oversees department’s compensation program procedures and identifies and implements improvement in efficiency and/or controls.

  • Ensures compliance with Sarbanes Oxley in relation to compensation related financial reporting internal controls.

  • Oversees preparation of reports for management and Board of Directors.

  • Advises senior management on compensation accounting related topics.

  • Researches and interprets SEC rules/regulations, FASB accounting pronouncements, Federal Holding Company Regulations and auditor interpretations of compensation related accounting pronouncements.

  • Plans, assigns, monitors and manages the work of the compensation financial reporting team.

  • Coaches and mentors associates, identifies training needs and approves development plans.

  • Performs other duties and responsibilities as assigned.


Knowledge, Skills, and Abilities:

Knowledge of:

  • Company’s working structure, policies, mission, and strategies.

  • Advanced accounting concepts, practices and procedures.

  • General ledger systems and financial statements.

  • SEC and technical accounting reporting regulations.

  • Sarbanes Oxley compliance regulations.

  • Generally Accepted Principles of Accounting (GAAP).

  • Accounting software applications.

  • Financial services and products.

Skill in:

  • Operating standard office equipment and using required software applications to produce correspondence, reports, electronic communication, spreadsheets, and databases.

  • Allocating costs and evaluating the impact on financial statements.

  • Analyzing financial information.

  • Performing mathematical calculations.

  • Reporting accounting data and information.

  • Preparing management reports.

  • Interpreting and applying policies and procedures.

Ability to:

  • Plan, assign, monitor, review, evaluate and lead the work of others.

  • Identify training needs and develop subordinates.

  • Establish and communicate clear directions and priorities.

  • Organize, manage, and track multiple detailed tasks and assignments with frequently changing priorities and deadlines in a fast-paced work environment.

  • Use appropriate interpersonal styles and communicates effectively to all levels of management.

  • Implement changes to standard procedures when required by specific situations and circumstances.

  • Work independently, make non-routine decisions and resolve complex accounting problems.

  • Lead meetings and contribute to team efforts by ensuring all relevant information is included in the outcomes.

Educational/Previous Experience Requirements:

  • Bachelor’s Degree (B.A.) in Accounting or Finance and ten (10) years of professional experience in accounting with three (3) years’ experience in a management role.


  • Any equivalent combination of experience, education, and/or training approved by Human Resources.


  • SIE required provided that an exemption or grandfathering cannot be applied.

  • CPA preferred.

  • Series 99, or ability to obtain within 120 days (as required by FINRA), required.

Job: Accounting & Finance

Primary Location: US-FL-St. Petersburg-Saint Petersburg

Organization Accounting

Schedule Full-time

Job Shift Day Job

Travel Yes, 5 % of the Time

Req ID: 2203105