Vice President, Fund/Client Accounting Manager I

Job description

Vice President, Fund/Client Accounting I

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 240 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.

In this role, you'll make an impact in the following ways:

Provision of fund accounting/administration services:

• Ensure the accounting records of client funds are accurate, complete, and up to date.


• Ensure the net asset values (NAVs) are calculated according to agreed standard and client specific procedures and timetables.


• Ensure the necessary controls are in place and adhered to in order to provide complete, accurate and timely fund administration services to our clients. Such responsibility includes adherence by all team members to BNY Mellon Operations Procedures Manual and to the client service level agreements.


• Maintain and update client standing files, including client-specific procedures, on a timely basis and ensure existing and new procedures agreed with our clients are formally communicated to the necessary staff as soon as required.


• Assist in the review of semi -annual and annual financial statements produced by the Financial Reporting team.


• Partake in the review and development of Procedures Manuals and operating frameworks.


• Partake in the review of prospective client documentation and assistance in the review of prospect profile documents and the appropriate customisation of operating procedures.


• Assist with pre-launch phase of new client fund vehicles.


• Accurate and timely provision of non-daily services to all clients including month-end reporting, compliance review and expense payments.


• Communicate new procedures on a fund to all relevant staff


• Timely communication to Team Manager of any significant operational issues that arise

Client servicing:

• Serve as the primary dedicated contact for the client on operational and client servicing issues


• Ensure client concerns/requests are addressed as soon as possible and within an agreed timetable


• Manage each Assistant Manager's and Supervisor's client servicing functions and ensuring that clients are satisfied with the service they are receiving through regular contact with the client. This includes ensuring all staff maintain a professional relationship with other members of the global service team as well as key client contacts.


• Manage the service provided to a variety of clients concurrently.

Human resource management:

• Team work scheduling and staff management, including responsibility for ensuring appropriate distribution of work/responsibilities to staff with sufficient experience/capability, managing overtime at all staff levels and managing staff availability during holiday season, sick leave and bank holidays.


• Have input into annual and semi-annual staff performance reviews according to standard timetable, keeping staff informed of HR issues/developments, resolving in a timely manner of personnel issues, identifying new staffing requirements and communication of notice and assisting with recruitment including the performance of employee-candidate interviews.

Monitoring of quality control:

• Monitor service quality within the team.


• Regularly test check (with an emphasis on high risk/high profile funds and asset types) NAV calculation files for accuracy and completeness.


• Ensure adherence to procedures as outlined in the Procedures Manual and the client-specific procedures on the client standing file/SLA.


• Review any client-specific procedures which deviate from those in the Procedures Manual to ensure appropriateness and documentation of specific procedure as an addendum in the manual.

Management reporting/Financial control:

• Provide management with regular information regarding salient aspects of the group's activities/work in progress, work efficiency levels, client servicing issues and overall funds under management through weekly accumulation of information, update of existing management information system (MIS) reporting, and implementation of any required alterations to the current format.

Conversion projects:

• Manage, from an operations perspective, of the successful completion of in-conversions. This involves coordination of the conversion process, including the understanding the specific characteristics of the funds, determining if any system enhancements are required and interfacing with IT for their timing creation, assessing staffing levels and resources, overseeing the timeliness and quality of the in-conversion, and communicating issues to all parties involved.

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

• 8+ years work experience in the funds industry


• Excellent working knowledge of NAV calculations and reviews


• In-depth experience of resolving Cash & Asset reconciliation queries


• Knowledge of accounting requirements for a wide range of financial instruments


• In-depth knowledge of Performance Fees and Complex Instruments


• Experience in preparation of board reports


• In-depth knowledge of Share Class Hedging


• Experience in resolving complex fund issues


• Demonstrated ability to plan and implement workflow requirements of a team


• Excellent knowledge of Excel


• High level of accuracy and attention to detail


• Proactive, focused attitude towards work and an ability to consistently meet deadlines


• Organisational, inter-personal and communication skills


• Report writing ability, with a high attention to detail


• Client relationship skills.


• Ability to work on projects in a team environment as well as stand-alone.


• Skills in strategy planning for administration operations


• Presentation skills


• Knowledge of the Funds industry and applicable regulations.

Desirable:

• Third level qualification in business related discipline


• Accountancy qualification


• Experience of Advent/Geneva/NTAS

At BNY Mellon, our inclusive culture speaks for itself. Here's a few of our awards:

• Fortune World's Most Admired Companies & Top 20 for Diversity and Inclusion


• Bloomberg's Gender Equality Index (GEI)


• Human Rights Campaign Foundation, 100% score Corporate Equality Index


• Best Places to Work for Disability Inclusion , Disability: IN - 100% score


• 100 Best Workplaces for Innovators, Fast Company


• CDP's Climate Change 'A List'

Our Benefits:

BNY Mellon 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 that can support you and your family through moments that matter.

BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.