Fund Accounting Manager

About the Business: Alternative Investment Services Operations (AIS)

At BNY Mellon, AIS provides fund administration-based services to a wide range of legal structures including hedge funds, funds of hedge funds, private equity, private credit and real estate funds. In connection with providing administration services, the AIS Accounting Team is responsible for both portfolio accounting and fund accounting, which includes fee calculations and investor allocations. The AIS Accounting Team serves as an aggregator of data that is used to compile the fund's Net Asset Value (NAV) on a pre-determined liquidity period (i.e. daily, monthly, quarterly).

About the group: Hedge Funds

The Hedge Fund teams are Books & Records for Hedge Funds and we provide Administration Services for our clients. This involves Portfolio Accounting & NAV Allocation services as part of daily & monthly deliverables where the frequency is driven by client needs. We are looking for someone who works well in a collaborative team environment, excited about meeting client deliverables, has a high attention to detail and is a critical thinker.

Key Benefits for you:

• 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!

Role Responsibilities:

• Conducts accounting services on behalf of assigned clients and complex funds including determining net asset values, calculating fund performance, allocating expenses and preparing reports.
• May lead work of junior team members for assigned client or fund.
• Performs highly complex Fund/Client Accounting responsibilities in the areas of driving Service Improvement plans, targeting efficiencies, enhancing processes and specialist review functions.
• Provides input into methodologies and checks complex work done by more junior team members.
• Provides guidance and reviews work related to cash and asset reconciliations relating to complex accounts or transactions.
• Resolves reconciliation of accounts for the most complex or atypical transactions and reviews work of junior team members.
• Drafts reports for clients regarding the performance of highly complex funds. Provides guidance on report structure.
• Regularly interacts with clients in answering questions and resolving multifaceted issues regarding fund reports and accounting processes.
• Evaluates GAAP and/or IFRS rules to determine impact of new regulations on BNY Mellon fund accounting practices.

Preferred Knowledge, Skills and Experience:

• Able and eager to guide less experienced team members, which may include team lead or management responsibilities.
• 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.
• Proficiency with Microsoft Office with a working knowledge of Excel.
• Systems proficiency in Advent Geneva and / or FIS Investran.
• Ability to learn quickly and take responsibility for own learning and development.
• Focused attitude to work, excellent leader with an ability to consistently meet deadlines.
• Continuous improvement mindset.
• Friendly and approachable - focused on meeting client needs.

7-12 years of total work experience preferred.

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.

#LI-Hybrid