Senior Vice President, Fund/Client Accounting Manager

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

Job Description:

Overview

Senior Vice President, Fund/Client Accounting Manager

Overview

Put your professional experience to work for one of the world's most recognized and admired financial industry companies with a career at BNY Mellon.

Founded in 1784 by Alexander Hamilton, we have not only been an engine behind the evolution of the financial industry, but we have also evolved at every step. Today we are more than 50k+ employees across 35 countries as we continue to build momentum and achieve further growth .

As a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle, BNY Mellon offers an exciting array of future-forward careers at the intersection of business, finance, and technology. Being one of the world's top asset management and banking firms that manages $42 trillion in assets, has 97% of the world's top banks as customers, and one of the first to use computing technology and access the largest dataset available globally, we have the insights, solutions, technology, and talent to shape the future of finance.

Senior Vice President, Fund/Client Accounting Manager

Fund/Client Accounting - M3Directs multiple Fund Accounting teams that are responsible for conducting accounting services on behalf of a broad array of assigned clients including determining net asset values, calculating fund performance, allocating expenses, and preparing reports. Responsible for the financial and human resources for the unit and ensures assigned teams are operating effectively to meet unit goals and objectives.

Standard Job Responsibilities

As a key member of Senior Vice President, Fund/Client Accounting Manager I, you will:

• Directs processes and allocation of resources in determining the net asset value (NAV) for assigned funds in multiple sectors for each measurement cycle.
• Manages relationships with a broad set of clients and resolves any unique 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 complex escalated issues from team members.
• Evaluates GAAP and/or IFRS rules to determine impact of new regulations on BNY Mellon fund accounting practices.
• Develops strategy for and provides guidance to teams on the implementation of new policies to follow regulations.
• Implements and assists in setting guidelines, policies, and priorities for the drafting of financial reports for a broad set of clients to review fund performance.
• Communicates reports and complex 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.
• Oversees relationships with auditors and clients to make changes to financial reports and ensure they accurately depict fund performance.
• Manages multiple Fund/Client Accounting teams. Work is primarily accomplished through subordinate managers.
• Contributes to the achievement of multiple teams objectives
  
  
  Qualifications
  
  Bachelors degree in accounting or the equivalent combination of education and experience is required.5-7 years of total work experience and at least 1-3 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 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 [$95,000 and $155,000 per [hour/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, 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 , Senior Vice President, Fund/Client Accounting Manager, Executive , New York, New York