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Specialist- Private Equity- Fund/Client Accounting

BNY Mellon

You can make a difference by working at BNY Mellon, where finance, technology and business intersect, to power the global financial industry.

Overview

Job Title: Specialist, Fund/Client Accounting

Department: Private Markets Fund Accounting

Location: Dublin

Who we are:

For over 235 years, Bank of New York Mellon (BNY Mellon) has been at the center of the global financial markets, providing the world’s leading institutions the tools, capabilities, and services to be distinctive investors. BNY Mellon has approximately $16.5 billion in revenues and a 23% return on tangible common equity.

BNY Mellon is a leader in the world of investment services and investment management, and our businesses support the full range of stakeholders of the financial system including:

  • Managing the custody of approximately $37 trillion financial assets of the world’s leading institutional investors, hedge funds, sovereign wealth funds, and corporates
  • Investing approximately $2 trillion as one of the largest global asset managers across a wide range of asset classes
  • Providing collateral, liquidity, and funding for the world’s largest banks through our markets franchise
  • Serving family offices and high net worth individuals through our wealth management franchise
  • Providing a full suite of solutions to advisors, broker-dealers, family offices, hedge and ’40 Act fund managers, registered investment advisor firms and wealth managers
  • Advising large global corporations on a range of trust and other solutions
  • Providing integrated managed data services to asset managers

What we do:

Private Markets Fund Accounting provides fund accounting services to private equity and real estate funds.

The successful candidate will:

  • Be responsible conducting accounting services on behalf of assigned clients and complex funds, including determining net asset values, calculating fund performance, allocating expenses and preparing reports. May lead work of junior team members for assigned client or fund.
  • Perform highly 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 complex work done by more junior team members.
  • Drafts financial reports for clients regarding the fund performance.
  • Provides guidance and reviews work related to cash and asset reconciliations relating to complex accounts or transactions. Resolves reconciliation of accounts for the most complex or atypical transactions and reviews work of junior team members.
  • Drafts reports for clients regarding the performance of highly complex funds. Provides guidance on report structure.
  • Regularly interacts with clients in answering questions and resolving multifaceted issues regarding fund reports and accounting processes.
  • Evaluates GAAP and/or IFRS rules to determine impact of new regulations on BNY Mellon fund accounting practices.

Experience & Qualifications:

Essential:

  • Bachelor’s degree in accounting or the equivalent combination of education and experience is required.
  • 5+ years work experience in the funds industry
  • Excellent working knowledge of NAV calculations and reviews
  • Knowledge of accounting requirements for a wide range of financial instruments
  • In-depth knowledge of fund fees
  • 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

Preferred Skills:

  • Familiarity with Geneva, Yardi, or Investran accounting platforms
  • Private markets (Debt, Real Estate, Private Equity) fund administration experience

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.

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Specialist- Private Equity- Fund/Client Accounting

To apply for the job click here

Contact us

BNY Mellon

You can make a difference by working at BNY Mellon, where finance, technology and business intersect, to power the global financial industry.

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