Controller, Real Estate Fund Accounting Manager

The Bank of New York Mellon • Lake Mary, FL

68d • $102,000 - $190,000 • Hybrid

About The Position

At BNY, our culture allows us to run our company better and enables employees' growth and success. As a leading global financial services company at the heart of the global financial system, we influence nearly 20% of the world's investible assets. Every day, our teams harness cutting-edge AI and breakthrough technologies to collaborate with clients, driving transformative solutions that redefine industries and uplift communities worldwide. Recognized as a top destination for innovators and champions of inclusion, BNY is where bold ideas meet advanced technology and exceptional talent. Together, we power the future of finance - and this is what #LifeAtBNY is all about. Join us and be part of something extraordinary. We're seeking a future team member for the role of Controller to join our alternative operations team. This role is located in New York or Lake Mary Florida and is a hybrid position offering work flexibility.

Requirements

• Bachelor's degree in accounting or the equivalent combination of education and experience
• Minimum 10 years of commercial real estate fund accounting and financial statement preparation/review leadership experience
• Knowledge of GAAP, Investment Company, IFRS, and SEC rules applicable to commercial real estate investment funds
• Ability to effectively lead collaborative teams, where team members may be located in different cities or countries
• Working knowledge of joint venture waterfalls and partnership structures, including investor allocation
• REIT experience

Nice To Haves

• Yardi/Investran/WDesk experience preferred

Responsibilities

• Direct multiple Fund Accounting teams 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.
• Manage financial and human resources for the unit, ensuring assigned teams operate effectively to meet unit goals and objectives.
• Oversee processes and resource allocation in determining the net asset value (NAV) for assigned funds in multiple sectors for each measurement cycle.
• Manage relationships with a broad set of clients, resolving unique escalated issues related to fund calculations and accounting.
• Direct and prioritize processes that verify completeness and accuracy of disclosure in financial statements.
• Provide guidance to teams to ensure accounting records comply with departmental policies and procedures, resolving complex escalated issues.
• Evaluate GAAP and/or IFRS rules to determine the impact of new regulations on BNY Mellon fund accounting practices and develop strategies for implementation.
• Implement and assist in setting guidelines, policies, and priorities for drafting financial reports for clients to review fund performance, communicating complex accounting intricacies.
• Recruit, direct, motivate, and develop staff to maximize individual contributions, professional growth, and effective teamwork.
• Oversee relationships with auditors and clients to update financial reports ensuring accurate depiction of fund performance.
• Manage multiple Fund/Client Accounting teams primarily through subordinate managers and contribute to achieving multiple team objectives.

Benefits

• Highly competitive compensation
• Benefits and wellbeing programs
• Access to flexible global resources and tools
• Generous paid leaves, including paid volunteer time

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Industry: Securities, Commodity Contracts, and Other Financial Investments and Related Activities
• Education Level: Bachelor's degree
• Number of Employees: 5,001-10,000 employees