Overview

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 preparation of net asset value (NAV) calculations. The funds invest in financial instruments such as private loans and other private equity funds. The team performs an end-to-end valuation process, mostly working to quarterly deadlines in most instances. The team has direct contact with our clients (fund managers) and cooperate with several teams internally.

Your Role:

• Conducts accounting services on behalf of assigned clients and moderately complex funds including determining net asset values, calculating fund performance, allocating expenses and preparing reports. 
• Performs 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 the work of 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 more complex or atypical transactions and reviews work of junior team members. 
• Drafts reports for clients regarding the performance of complex funds. 
• Reviews draft reports completed by more junior staff. 
• Regularly interacts with clients in answering questions and resolving issues regarding fund reports and accounting processes. 
• Assists in evaluating GAAP and/or IFRS rules to determine impact of new regulations on BNY Mellon fund accounting practices. 
• Provides guidance to less experienced team members and may have people management responsibilities in some geographies. 
• Contributes to the achievement of related teams objectives. 

Qualifications:

To be successful in this role, we’re seeking the following:

• Bachelor's degree in accounting or the equivalent combination of education and experience is required. 
• 5 years of work experience preferred (Fund Accounting experience is desirable or in related areas such as Transfer Agency, Corporate Trust, Financial Reporting, Audit or Reconciliations)
• Prior experience with Private Equity, Credit Funds, Banks Loans is an advantage
• Good leadership/supervisory experience (people management experience is an advantage)
• Experience working with the Geneva and / or Investran platform (nice to have)
• Highly developed interpersonal skills
• Business English

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.