Fund Accountant

Team Description

Hedge Fund Accounting Groups are specialized teams within the Alternative Investment Services Division of Bank of New York Mellon focused on providing fund administration services to our Hedge and Fund of Fund clients. We operate from Hong Kong, India, Poland, Ireland and the United States.

In the US, the team operates from Everett, MA, Wilmington, DE, and Orlando, FL.

Group Impact

You will join a work environment and work with the smartest people and clients in business who make money. There is an array of products that mitigate risk and generate return - you will learn how asset managers operate and you will become an expert in a booming industry. There is growth opportunity to learn new products in the market and improve your skillset. Help our clients with back-office services, so they can spend more time focused on front-office activities.

Job Purpose

Our team is primarily responsible for:

• Preparing capital call and distribution calculations in order, to facilitate capital funding requests from clients.
• Preparing and reviewing fund operating expense accrual budgets, as well facilitate wire instructions for vendor expense payments.
• Processing portfolio trade activity related to fund investments.
• Preparing and reviewing a fund's cash and asset reconciliation.
• Executing PNL allocations to Investors.
• Preparing and reviewing management and performance fee calculations.
• Facilitating audit engagements on behalf of clients
• Facilitating onboarding of new clients and servicing existing clients.

Essential Knowledge, Skills and Experience:

• Bachelor's Degree or equivalent related experience;
• Bachelor's Degree in Accounting or Finance is preferable.
• The successful candidate needs to be enthusiastic, attentive to detail, flexible and have the drive to be successful while working in a dynamic and challenging environment.
• Escalate potential risks to both peers and senior management.
• Ability to prioritize, multi-task and work under time pressure.
• Proficiency with Microsoft Office with a working knowledge of Excel.
• Systems proficiency in Advent Geneva and / or FIS Investran is a plus.
• Focused on consistently achieving both team and company goals
• Ability to learn quickly and take responsibility for own learning and development.
• Focused attitude to work, excellent individual and team player and an ability to consistently meet deadlines.
• Great written and verbal communication skills.
• Continuous improvement mindset.
• Friendly and approachable.

2-7 years of total work experience is preferred, at least 2 years experience in financial services accounting preferred.

Key Benefits

• Flexible, hybrid working arrangements (2 days in office each week)
• Competitive wages
• Career growth and development opportunities
• 401k company match
• Paid parental leave
• paid covid-19 sick leave, caregiver leave and more!

BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer. Minorities/Females/Individuals with Disabilities/Protected Veterans.

Our ambition is to build the best global team - one that is representative and inclusive of the diverse talent, clients and communities we work with and serve - and to empower our team to do their best work. We support wellbeing and a balanced life, and offer a range of family-friendly, inclusive employment policies and employee forums.

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