Job Opportunity
Assistant Manager, Fund Accounting
Wroclaw, Poland
Job Summary
Hedge Fund is seeking an Assistant Manager, Fund Accounting. Conduct accounting services on behalf of assigned clients and moderately complex funds. Bachelor’s Degree in Accounting or the equivalent combination of education and experience is required. 5 years of total work experience preferred; fund accounting experience is desirable.
Details
BNY Mellon powers individuals and institutions to succeed in the global economy providing investment management, investment services and wealth management. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK).
With a dedicated business presence on six continents and in 35 countries, BNY Mellon delivers global scale at the local level.
The Global Delivery Centre in Wroclaw is a growing location, predominately providing support services to BNY Mellon entities in the areas of fund accounting and investment operations.
Team Overview
Operations bring together BNY Mellon’s key operational areas into one global team to better support the company’s businesses and serve clients around the world. Operations help clients to conduct business, service assets, and engage in transactions in 36 countries and more than 100 markets. At every stage of the investments lifecycle – creating, trading, clearing, settling, holding, servicing, managing, distributing and restructuring assets – Operations are working to make BNY Mellon the recognised industry service quality and productivity leader. Operations manage investment monitoring, measurement and processing services for our clients. Our solutions include Securities Operations, Fund Administration, Transfer Agency, Outsourcing, Performance Measurement and other related services.
The Alternative Investment Services (AIS) Fund Accounting Department is responsible for ensuring the timely and accurate preparation of daily net asset value (NAV) for a number of complex Hedge Funds, Credit Funds, Private Market Funds, Real Estate Funds and Hybrid Funds investing in a wide variety of financial instrument types.
This area of business focuses on preparing and calculating accurate Net Asset Values (NAVs) across all funds in accordance with BNY Mellon standard operating procedures, preparing cash and asset reconciliations, providing services to all clients and ensuring that client concerns/requests are addressed as soon as possible and within an agreed timetable.
Your Role:
* 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 the areas of driving Service Improvement plans, targeting efficiencies, enhancing processes and specialist review functions
* Provide input into methodologies and check the work of more junior team members
* Provide guidance and review work related to cash and asset reconciliations relating to complex accounts or transactions.
* Resolve reconciliation of accounts for more complex or atypical transactions and reviews work of junior team members
* Draft reports for clients regarding the performance of complex funds
* Review draft reports completed by more junior staff
* Regularly interact with clients in answering questions and resolving issues regarding fund reports and accounting processes
* Assist in evaluating GAAP and/or IFRS rules to determine impact of new regulations on BNY Mellon fund accounting practices
* Provide guidance to less experienced team members
* May have people management responsibilities in some geographies
* Contribute to the achievement of related teams’ objectives
Qualifications:
* Bachelor’s Degree in Accounting or the equivalent combination of education and experience is required
* 5 years of total work experience preferred; fund accounting experience is desirable
* Experience in people management
* Big 4 accounting firm experience preferred
* Highly developed interpersonal skills
* Business English
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- Min Education: BA/BS
- Min Experience: 5 years