Overview

Contract Job Title: Associate, Fund/Client Accounting II or Senior Associate, Fund/Client Accounting (depends on which role you will be chosen for)

Bring your ideas. Make history. 

BNY Mellon offers an exciting array of future-forward careers at the intersection of business, finance, and technology. We are one of the world's top asset management and banking firms that manages trillions of dollars in assets, custody and/or administration. Known as the “bank of banks” - 97% of the world’s top banks work with us as we lead and serve our customers into the new era of digital. 

With over 238 years of rich history and industry firsts, BNY Mellon has been built upon our proven ability to evolve, lead, and drive new ideas at every turn. Today, we’re approximately 50,000 employees across 35 countries with a culture that empowers you to grow, take risks, experiment and be yourself. This is what #LifeAtBNYMellon is all about. 

Department 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 recognized 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 Equity and Credit Funds (PE&C), Real Estate Funds and Hybrid Funds investing in a wide variety of financial instrument types.
 

Team Overview: Private Equity & Credit Fund Accounting

The Private Equity & Credit Fund (PE&C) Accounting Team is responsible for the net asset value (NAV) calculation related processes with quarterly deadlines in most instances. The funds invest in fixed income products such as bonds, private and syndicated loans and other private equity funds. The team has direct contact with external clients (fund managers) and cooperate with several teams internally.

The team is dedicated working collaboratively with high level of standards and attention to details. We are looking for a colleague that shares our passion and desires professional growth.

What you will be responsible for:

• NAV preparation, review and timely delivery to external clients
• Liaising with Custodians, Corporate Trust, and other stakeholders to resolve any reconciliation issues
• Managing funds expense budgets and calculation  of management fees
• Reviewing profit and loss reports for reasonableness and allocating income to investors
• Preparing incentive fees calculations in accordance with the waterfall provisions
• Processing and reviewing capital events such as capital calls and distributions
• Liaising with external clients, investment managers and auditors
• Ensuring timely completion of regulatory reporting and ad-hoc requests
• Supporting the training and onboarding of new team members
• Assisting in identifying and implementing process improvements to reduce audit and financial exposure and improve team efficiency

What we value:

• 2-5 years of relevant experience (Fund Accounting but experience in other related areas such as Transfer Agency, Corporate Trust, Financial Reporting, Audit and Reconciliations is also desirable)
• Business English (min. B2)
• Highly developed communication skills
• Solid understanding of double-entry bookkeeping
• Advanced Excel skills (VBA will be an asset)
• Knowledge of Geneva and/or Investran would be an additional asset
• Supervisory experience is favorable

Our offer:

• Full time contract of employment
• City Centre locations close to main railway station and flexible working arrangements
• Flexible benefits package, including life and medical insurance, health screening, fitness discount programme, employee assistance program
• Award-winning Wellbeing Program supporting you with your unique health and wellbeing needs
• Pension scheme
• On-site childcare and a parental buddy programme
• Exciting opportunities for career and global mobility
• Diverse and inclusive environment
• Employee Referral Program
• Recognition programmes
• A multitude of opportunities to get involved in charity projects and Employee Resource Groups (ERGs)

Employer Description:

For over 230 years, the people of BNY Mellon have been at the forefront of finance, expanding the financial markets while supporting investors throughout the investment lifecycle. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments and safeguards nearly one-fifth of the world's financial assets. BNY Mellon remains one of the safest, most trusted and admired companies. Every day our employees make their mark by helping clients better manage and service their financial assets around the world. Whether providing financial services for institutions, corporations or individual investors, clients count on the people of BNY Mellon across time zones and in 35 countries and more than 100 markets. It's the collective ambition, innovative thinking and exceptionally focused client service paired with a commitment to doing what is right that continues to set us apart. Make your mark: bnymellon.com/careers.