Senior Director, Fund/Client Accounting Manager

BNY Mellon

About The Position

Leads the Fund Accounting function, providing accounting services to a broad array of BNY Mellon clients. The function determines net asset values, calculates fund performance, allocates expenses, and prepares reports. The role is responsible for the function’s financial and human resources and for developing its strategy. It sets guidelines for determining fund NAVs across BNY Mellon client sectors for each measurement cycle and promotes consistency across product areas. The role oversees relationships with key BNY Mellon clients, ensures service levels meet client needs, resolves client issues, and participates in sales efforts, including RFP and RFI preparation and presentations. It also represents the function in industry committees, monitors industry developments, and sets accounting standards in line with industry best practices. The position oversees analysis of GAAP and/or IFRS rules and the impact of new regulations on fund accounting practices across multiple client sectors, and develops policies to support compliance. It sets strategies, guidelines, policies, and priorities for drafting client financial reports, and communicates reports and complex accounting matters to clients. It oversees relationships with senior-level auditors and large, complex clients to ensure financial reporting meets expectations and accurately represents fund performance. The function is managed through group managers, and the role contributes to achieving Fund/Client Accounting objectives. The role recruits, directs, motivates, and develops staff, supporting their contributions, professional growth, and effective teamwork. BNY Mellon describes its ambition as building a representative and inclusive global team, empowering employees to do their best work, supporting wellbeing and work-life balance, and offering family-friendly and inclusive employment policies and employee forums.

Requirements

Bachelor’s degree in accounting, or an equivalent combination of education and experience.
10–15 years of total work experience.
At least 5–7 years of management experience preferred.

Nice To Haves

Experience at a Big 4 accounting firm.

Responsibilities

Lead the Fund Accounting function and oversee accounting services for a broad array of clients, including NAV determination, fund performance calculation, expense allocation, and reporting.
Manage the function’s financial and human resources and develop its strategy.
Set guidelines for determining fund NAVs across client sectors and promote consistency across product areas.
Oversee key client relationships, ensure service levels meet client needs, and resolve client issues.
Participate in sales efforts, including preparing RFPs and RFIs and delivering related presentations.
Participate in industry committees and stay informed about industry matters affecting fund accounting.
Set accounting standards for the function in accordance with industry best practices.
Resolve the most complex escalated issues raised by team members.
Oversee analysis of GAAP and/or IFRS rules and assess the impact of new regulations on fund accounting practices across multiple client sectors.
Develop policies to support compliance with new regulations.
Set strategies, guidelines, policies, and priorities for drafting client financial reports.
Communicate reports and complex accounting matters to clients.
Recruit, direct, motivate, and develop staff, fostering individual contribution, professional growth, and effective teamwork.
Oversee relationships with senior-level auditors and large, complex clients to ensure financial reporting meets expectations and accurately depicts fund performance.
Manage the Fund/Client Accounting function through group managers and contribute to the achievement of its objectives.