Fund Accounting Specialist

About BNY Mellon

BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations, or individual investors, BNY Mellon delivers informed investment and wealth management and investment services in 35 countries. As of March 31, 2021, BNY Mellon had $41.7 trillion in assets under custody and/or administration, and $2.2 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com

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.

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.

No direct reports. Provides guidance to less experienced team members. May be tasked with Team Lead responsibilities. May have people management responsibilities in some geographies. Contributes to the achievement of related teams' objectives.

Bachelor's degree in accounting or the equivalent combination of education and experience is required. 7-10 years of total work experience preferred. Big 4 accounting firm 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.