Senior Vice President, Hedge Fund Accounting Manager

BNY Mellon • Lake Mary, FL

14h • $104,000 - $190,000

About The Position

The Senior Vice President, Hedge Fund Accounting Manager directs multiple Fund Accounting teams providing accounting services to a broad range of assigned clients. The role oversees fund net asset value determinations, performance calculations, expense allocations, and reporting, while managing the unit’s financial and human resources to meet its goals and objectives.

The position manages client relationships and escalated accounting issues; oversees processes and resource allocation for NAV calculations; and guides teams in maintaining accounting records and ensuring financial statement disclosures are complete and accurate. It evaluates GAAP and/or IFRS developments and their impact on fund accounting practices, develops implementation strategies, and sets guidelines and priorities for client financial reporting. The role also recruits, develops, and motivates staff, oversees auditor and client relationships, and manages multiple Fund/Client Accounting teams primarily through subordinate managers.

BNY describes its culture as supporting employee growth and success and its work as using technology and collaboration with clients to develop financial solutions. The company offers competitive compensation, benefits, wellbeing programs, and paid leaves, including paid volunteer time. The position is at will; compensation and benefits are subject to applicable terms and eligibility.

Requirements

• Bachelor’s degree in accounting, or an equivalent combination of education and experience.
• 5–7 years of total work experience.

Nice To Haves

• 1–3 years of management experience preferred.
• Experience at a Big 4 accounting firm preferred.

Responsibilities

• Direct multiple Fund Accounting teams providing accounting services for assigned clients, including determining net asset values, calculating fund performance, allocating expenses, and preparing reports.
• Manage the unit’s financial and human resources to support effective operations and achievement of goals and objectives.
• Direct processes and resource allocation for determining NAVs for assigned funds across multiple sectors and measurement cycles.
• Manage client relationships and resolve escalated issues involving fund calculations and accounting.
• Set priorities for checking the completeness and accuracy of financial statement disclosures, and guide teams in maintaining accounting records in accordance with departmental policies and procedures.
• Evaluate GAAP and/or IFRS rules to determine the impact of new regulations on fund accounting practices and develop implementation strategies.
• Set guidelines, policies, and priorities for drafting financial reports that help clients review fund performance and understand complex accounting matters.
• Recruit, direct, motivate, and develop staff to support individual contributions, professional growth, and teamwork.
• Oversee auditor and client relationships to ensure financial reports accurately depict fund performance.
• Manage multiple Fund/Client Accounting teams, primarily through subordinate managers, and contribute to the achievement of multiple teams’ objectives.

Benefits

• Competitive compensation and wellbeing programs.
• Generous paid leaves, including paid volunteer time.
• 401(k) plan for eligible employees.
• Company-sponsored medical, dental, vision, and basic life insurance plans for eligible employees and eligible dependents.
• Other paid time off benefits, such as vacation and sick time, depending on the position offered.
• Potential eligibility for an annual discretionary incentive award.

What This Job Offers

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