Senior Director, Fund/Client Accounting Manager

BNY Mellon • Boston, MA

1d • $136,500 - $350,000

About The Position

Leads the Fund Accounting function with responsibility for conducting accounting services on behalf of a broad array of BNY Mellon clients including determining net asset values, calculating fund performance, allocating expenses, and preparing reports. Responsible for the financial and human resources for the function and developing functional strategy. Sets guidelines for determining the net asset value (NAV) for funds in all BNY Mellon client sectors for each measurement cycle. Promotes consistency across product areas. Oversees relationship management for a broad set of key BNY Mellon clients. Ensures customer service levels are met client needs and resolves any client issues. Participates in sales efforts including RFP and RFI preparation and related presentations. Participates in industry committees and stays abreast of industry matters affecting fund accounting. Sets accounting standards for the function in accordance with industry best practices. Resolves the most complex escalated issues from team members. Oversees analysis of GAAP and/or IFRS rules to determine impact of new regulations on BNY Mellon fund accounting practices relating to multiple client sectors. Develops policies to best ensure compliance with new regulations. Sets strategies, guidelines, policies, and priorities for the drafting of financial reports for a broad set of clients to review fund performance. Communicates reports and highly 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 senior-level auditors and large and complex clients to ensure financial reporting meets their expectations and accurately depicts fund performance. Manages the Fund/Client Accounting function through group managers. Contributes to the achievement of Fund/Client Accounting objectives.

Requirements

• Bachelors degree in accounting or the equivalent combination of education and experience is required.
• 10-15 years of total work experience
• At least 5-7 years in management preferred.

Nice To Haves

• Big 4 accounting firm experience preferred.

Responsibilities

• Conducting accounting services on behalf of a broad array of BNY Mellon clients including determining net asset values, calculating fund performance, allocating expenses, and preparing reports.
• Determining the net asset value (NAV) for funds in all BNY Mellon client sectors for each measurement cycle.
• Overseeing relationship management for a broad set of key BNY Mellon clients.
• Ensuring customer service levels are met client needs and resolving any client issues.
• Participating in sales efforts including RFP and RFI preparation and related presentations.
• Participating in industry committees and staying abreast of industry matters affecting fund accounting.
• Setting accounting standards for the function in accordance with industry best practices.
• Resolving the most complex escalated issues from team members.
• Overseeing analysis of GAAP and/or IFRS rules to determine impact of new regulations on BNY Mellon fund accounting practices relating to multiple client sectors.
• Developing policies to best ensure compliance with new regulations.
• Setting strategies, guidelines, policies, and priorities for the drafting of financial reports for a broad set of clients to review fund performance.
• Communicating reports and highly complex accounting intricacies to clients.
• Recruiting, directing, motivating and developing staff, maximizing their individual contribution, their professional growth and their ability to function effectively with their colleagues as a team.
• Overseeing relationships with senior-level auditors and large and complex clients to ensure financial reporting meets their expectations and accurately depicts fund performance.
• Managing the Fund/Client Accounting function through group managers.
• Contributing to the achievement of Fund/Client Accounting objectives.

Benefits

• Access to flexible global resources and tools for your life’s journey.
• Focus on your health, foster your personal resilience, and reach your financial goals as a valued member of our team.
• Generous paid leaves, including paid volunteer time, that can support you and your family through moments that matter.
• Eligibility for an annual discretionary incentive award.
• Eligible employees may enroll in a 401(k) plan.
• Participate in Company-sponsored medical, dental, vision, and basic life insurance plans for the employee and the employee’s eligible dependents.
• Other benefits (including various paid time off benefits, such as vacation and sick time), dependent on the position offered.

What This Job Offers

• Job Type: Full-time
• Career Level: Director