Vice President, Fund/Client Accounting Manager II

Company: Bank of New York Mellon
Location: New York
Posted on: September 19, 2023

Job Description:

Overview

Fund/Client Accounting - M2Provides oversight for multiple small teams or one large team of Accountants responsible for conducting accounting services on behalf of assigned clients including determining net asset values, calculating fund performance, allocating expenses, and preparing reports. Manages the performance of teams and sets area priorities.Manages multiple teams in determining the net asset value (NAV) for assigned funds for each measurement cycle.Manages relationships with assigned clients and resolves any escalated issues related to fund calculations and accounting.Directs and sets priorities for processes that check for the completeness and accuracy of disclosure in financial statements. Provides guidance to teams managed to ensure that accounting records are maintained in accordance with departmental policies and procedures. Resolves escalated issues from team members.Evaluates GAAP and/or IFRS rules to determine impact of new regulations on BNY Mellon fund accounting practices. Provides guidance to teams on implementation of new policies to follow regulations.Directs the drafting of financial reports for clients to review fund performance. Communicates reports and accounting intricacies to clients. Recruits, directs, motivates and develops staff, maximizing their individual contribution, their professional growth and their ability to function effectively with their colleagues as a team. Leads working relationships with auditors and clients to make changes to financial reports and ensure they accurately depict fund performance.Manages multiple small teams or one large team of Accountants.Contributes to the achievement of team objectivesBachelors degree in accounting or the equivalent combination of education and experience is required.5-7 years of total work experience and at least 0-1 years in management preferred. Big 4 accounting firm experience preferred.. BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer. Minorities/Females/Individuals with Disabilities/Protected Veterans. Our ambition is to build the best global team - one that is representative and inclusive of the diverse talent, clients and communities we work with and serve - and to empower our team to do their best work. We support wellbeing and a balanced life, and offer a range of family-friendly, inclusive employment policies and employee forums.

BNY Mellon assesses market data to ensure a competitive compensation package for our employees. The base salary for this position is expected to be between $79,000 and per year at the commencement of employment. However, base salary if hired will be determined on an individualized basis, including as to experience and market location, and is only part of the BNYM total compensation package, which, depending on the position, may also include commission earnings, discretionary bonuses, short and long-term incentive packages, and Company-sponsored benefit programs.
This position is at-will and the Company reserves the right to modify base salary (as well as any other discretionary payment or compensation) at any time, including for reasons related to individual performance, change in geographic location, Company or individual department/team performance, and market factors.

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.

EEO Statement:

BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer. Minorities/Females/Individuals With Disabilities/Protected Veterans. Our ambition is to build the best global team - one that is representative and inclusive of the diverse talent, clients and communities we work with and serve - and to empower our team to do their best work. We support wellbeing and a balanced life, and offer a range of family-friendly, inclusive employment policies and employee forums.

Keywords: Bank of New York Mellon, New York , Vice President, Fund/Client Accounting Manager II, Accounting, Auditing , New York, New York