Head of Fund Accounting - Public Funds

U.S. Bank•Boston, MA

2d•$214,795 - $252,700

About The Position

The Head of Fund Accounting - Public Funds is a senior leader responsible for the strategic direction, service quality, control environment and modernization of fund accounting supporting Public Funds. The organization supports registered funds, multiple series trusts, ETFs, UCITS and other registered fund structures. The role oversees accurate and timely books and records, portfolio and class valuation, reconciliations and NAV production while developing a scalable, automated and consistently controlled operating model that supports growth and increasing product complexity. The role leads the Public Funds fund accounting organization, sets standards for accuracy, timeliness, service and accountability, and serves as the senior escalation point for significant accounting, valuation and NAV matters. It oversees the end-to-end daily accounting and valuation cycle and provides governance over security pricing, valuation exceptions and complex investments. The Head partners with Technology, Transformation and Shared Services to improve automation, data and controls; standardizes processes and establishes metrics for quality, productivity, exceptions and control performance. The position embeds risk and governance practices, supports client growth and product expansion, and builds a high-performing leadership team and succession pipeline. Its mandate is to run Fund Accounting with discipline while making the function more scalable, automated, data-enabled and controlled.

Requirements

Management or supervisory experience.
12 or more years of banking or other relevant experience in the alternative investments industry.
Significant senior leadership experience in fund accounting, investment accounting, asset servicing or fund administration within a large financial institution, asset manager or third-party administrator.
Deep knowledge of NAV production, portfolio accounting, valuation, reconciliations, corporate actions, investment income, expenses, accruals and investment books and records.
Demonstrated success leading large operating teams through growth, control enhancement, automation, process standardization or operating-model transformation.
Strong executive communication, client leadership, change management and cross-functional partnership capabilities.

Nice To Haves

Familiarity with UCITS and complex securities.
Knowledge of BNY Eagle Accounting/Eagle STAR.

Responsibilities

Lead the Public Funds fund accounting organization and set standards for accuracy, timeliness, service and accountability.
Serve as the senior escalation point for significant accounting, valuation and NAV matters.
Oversee the end-to-end daily accounting and valuation cycle, including portfolio activity, cash, trades, positions, capital stock, income, expenses, accruals and corporate actions.
Maintain strong review, approval, exception management and escalation practices.
Provide governance over security pricing, valuation exceptions and complex investments, ensuring expertise across mutual funds, ETFs, derivatives, complex fixed income, multi-currency activity and other registered investment products.
Partner with Technology, Transformation and Shared Services to increase straight-through processing, automate reconciliations and trade validation, improve data and control-center capabilities, and reduce manual processing and unnecessary handoffs.
Standardize processes, establish specialist capabilities where appropriate, and determine which activities can be centralized or migrated to shared-service teams without weakening controls or client service.
Establish metrics for quality, productivity, exceptions and control performance.
Embed a strong risk culture and lead root-cause analysis and sustainable remediation for accounting errors, NAV-impacting events and control gaps.
Partner with Risk, Compliance, Audit, Tax, Fund Administration, Transfer Agency, Custody and Regulatory Reporting.
Ensure fund accounting readiness for new clients, conversions, fund launches and product expansion.
Build a high-performing leadership team, strengthen succession and technical career paths, and develop future fund accounting leaders.

Benefits

Healthcare coverage, including medical, dental and vision.
Basic term and optional term life insurance.
Short-term and long-term disability coverage.
Pregnancy disability and parental leave.
401(k) and employer-funded retirement plan.
Paid vacation of two to five weeks depending on salary grade and tenure.
Up to 11 paid holiday opportunities.
Adoption assistance.
Sick and Safe Leave accruals of one hour for every 30 hours worked, up to 80 hours per calendar year unless otherwise provided by law.
Incentive and recognition programs.
Equity stock purchase, 401(k) contribution and pension, subject to eligibility requirements.