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SVP – Fund Accounting, Private Equity

BNY | New York, NY

Job Summary

Direct multiple Fund Accounting teams responsible for conducting accounting services on behalf of a broad array of assigned clients including determining net asset values, calculating fund performance, allocating expenses, and preparing reports. Bachelor’s Degree in Accounting, or the equivalent combination of education and experience. 5+ years of total work experience, with 1+ years in management preferred.

Details

At BNY, our culture allows us to run our company better and enables employees’ growth and success. As a leading global financial services company at the heart of the global financial system, we influence nearly 20% of the world’s investible assets. Every day, our teams harness cutting-edge AI and breakthrough technologies to collaborate with clients, driving transformative solutions that redefine industries and uplift communities worldwide.

Recognized as a top destination for innovators and champions of inclusion, BNY is where bold ideas meet advanced technology and exceptional talent. Together, we power the future of finance – and this is what #LifeAtBNY is all about. Join us and be part of something extraordinary.

We’re seeking a future team member for the role of Senior Vice President, to join our Private Equity team. This role is located in New York (4 day in-office expectation).

Responsibilities:

* Direct multiple Fund Accounting teams responsible for conducting accounting services on behalf of a broad array of assigned clients including determining net asset values, calculating fund performance, allocating expenses, and preparing reports
* Manage financial and human resources for the unit, ensuring assigned teams operate effectively to meet unit goals and objectives
* Oversee processes and resource allocation in determining the net asset value (NAV) for assigned funds in multiple sectors for each measurement cycle
* Manage relationships with a broad set of clients, resolving unique escalated issues related to fund calculations and accounting
* Direct and prioritize processes that verify the completeness and accuracy of disclosure in financial statements
* Provide guidance to teams to ensure accounting records comply with departmental policies and procedures and resolve complex escalated issues
* Evaluate GAAP and/or IFRS rules to determine the impact of new regulations on BNY Mellon fund accounting practices and develop strategies for implementation
* Implement and assist in setting guidelines, policies, and priorities for drafting financial reports for clients to review fund performance and communicate complex accounting intricacies
* Recruit, direct, motivate, and develop staff to maximize individual contributions, professional growth, and effective teamwork
* Oversee relationships with the auditors and clients to update financial reports ensuring accurate depiction of fund performance
* Manage multiple Fund/Client Accounting teams primarily through subordinate managers and contribute to the achievement of multiple team objectives

Requirements:

* Bachelor’s Degree in Accounting, or the equivalent combination of education and experience
* 5-7 years of total work experience, with at least 1-3 years in management preferred
* Experience at a Big 4 accounting firm preferred

Click here for details on this job

  • Job Reference #: 67783
  • Compensation: $ 205,000
  • Min Experience: 5 years

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