Specialist, Fund/Client Accounting I

BNY Mellon

$80K — $120K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in accounting or equivalent education/experience.
  • 5-7 years of relevant work experience preferred.
  • Strong guidance capabilities for junior team members.
  • Potential people management responsibilities in some areas.

Responsibilities

  • Conduct accounting services for clients and funds, calculating net asset values and performance.
  • Drive service improvement plans and enhance accounting processes.
  • Review methodologies and oversee junior team output.
  • Guide cash and asset reconciliations, resolving complex issues.
  • Draft and review performance reports for clients.
  • Engage with clients to address inquiries on fund reports and processes.
  • Evaluate new GAAP/IFRS rules and their impact on accounting practices.

Benefits

  • Access to flexible global resources and wellness programs.
  • Generous paid leave options including paid volunteer time.
  • Comprehensive medical, dental, and vision insurance plans.
  • Participation in a 401(k) plan with company sponsorship.
  • Focus on health and personal resilience through employee support initiatives.
Full Job Description
Job Description

We're seeking a future team member for the role of Associate to join Private Equity Team. This role is located in New York, NY ( 4 days in office expectation).

In this role, you'll make an impact in the following ways:
  • Conduct accounting services on behalf of assigned clients and moderately complex funds including determining net asset values, calculating fund performance, allocating expenses, and preparing reports.
  • Perform complex Fund/Client Accounting responsibilities in driving Service Improvement plans, targeting efficiencies, enhancing processes, and specialist review functions.
  • Provide input into methodologies and review the work of more junior team members.
  • Guide and review work related to cash and asset reconciliations for complex accounts or transactions, resolving reconciliation issues for atypical transactions.
  • Draft and review reports for clients regarding the performance of complex funds.
  • Regularly interact with clients to answer questions and resolve issues regarding fund reports and accounting processes.
  • Assist in evaluating GAAP and/or IFRS rules to determine the impact of new regulations on BNY fund accounting practices.

To be successful in this role, we're seeking the following:
  • Bachelor's degree in accounting or the equivalent combination of education and experience.
  • 5-7 years of total work experience preferred.
  • Ability to provide guidance to less experienced team members.
  • May have people management responsibilities in some geographies.


Our Benefits and Rewards:

BNY offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and our pay-for-performance philosophy. We provide access to flexible global resources and tools for your life's journey. Focus on your health, foster your personal resilience, and reach your financial goals as a valued member of our team, along with generous paid leaves, including paid volunteer time, that can support you and your family through moments that matter.

BNY assesses market data to ensure a competitive compensation package for our employees. The expected base salary for this position when employment commences can be found in the Job Info section at the bottom of the posting.

Base salary offered may vary depending on multiple individualized factors, including market location, job-related knowledge, skills, and experience. Base salary is only part of the total rewards package, which may include eligibility for an annual discretionary incentive award. Subject to the terms and conditions of the applicable plans then in effect, eligible employees may enroll in a 401(k) plan as well as participate in Company-sponsored medical, dental, vision, and basic life insurance plans for the employee and the employee's eligible dependents. Eligible employees also may receive other benefits (including various paid time off benefits, such as vacation and sick time), dependent on the position offered. Details of participation in these benefit plans will be provided if an employee receives an offer of employment.

If hired, the employee will be in an "at will" position and the Company reserves the right to modify base salary (as well as any other discretionary payments or compensation programs) at any time, including for reasons related to individual performance, Company or individual department/team performance, and market factors.

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