Service Delivery Center - EY Comply - Ops Support, Accounting Reference Data - Senior

EY • Philadelphia, PA

11d • Hybrid

About The Position

At EY, we’re all in to shape your future with confidence. We’ll help you succeed in a globally connected powerhouse of diverse teams and take your career wherever you want it to go. Join EY and help to build a better working world. SDC Fund Administration Senior Analyst/EY Comply – “Operations Support: Accounting Reference Data” EY is a leader in serving the global financial services marketplace and the only professional services firm with a separate business unit dedicated to the financial services industry – the Financial Services Organization (FSO). Our focused model and bold ambition have put us at the center of the events that continue to reshape and redefine our industry, working side by side with a range of clients from our most venerable institutions to dynamic new entrants across Banking and Capital Markets, Wealth and Asset Management, Insurance, and Real Estate, Hospitality and Construction. Our purpose is to help build a financial services industry in which financial institutions are trusted and flourish, and the global economy is healthy, growing and secure. If you have a passion for rallying together to solve complex challenges, then come join our dynamic FSO team! The opportunity As a Senior Analyst, you will work in one of our Service Delivery Centers that is made up of high-performing US-based resources, who work closely with our experienced client serving professionals, to deliver project-based work and managed services to our US-based Financial Services clients. If you have a passion for rallying together to solve the most complex challenges in the financial services industry, come join our dynamic FSO team! You will play a key role in defining and reviewing how Private Equity (“PE”) Fund advisors meet regulatory, tax, and financial statement reporting requirements, using our new, proprietary EY-developed technology platform. Top tier PE fund managers are assessing and onboarding to the EY platform, which brings together investment risk data, transaction, and holdings data into a single platform for workflow management, transparency, and accountability to lower reporting costs and streamline their fund accounting and fund financial reporting processes. Join our team and assist leading PE fund advisors to address their most complex reporting and technology challenges.

Requirements

• Strong understanding of Investran Accounting Platform and its functionalities, demonstrating the ability to leverage its capabilities effectively within EY’s operational framework.
• Solid understanding of PE fund operations and asset management industry.
• Exhibits a proactive approach to exploring various features and tools within Investran, identifying innovative ways to apply them for reference data management and optimization.
• Demonstrates advanced proficiency in Excel, enabling the creation of comprehensive trackers and models that support data analysis and decision-making processes.
• Capable of managing and analyzing large datasets, ensuring accuracy and efficiency in handling complex information.
• Highly detail-oriented, with a keen eye for precision, ensuring that all aspects of data management and reporting are meticulously addressed.
• Think creatively and outside the box, developing unique solutions to complex challenges, thereby contributing to continuous improvement and operational excellence.
• An understanding of administrative processes and ability to execute detailed procedures based on written policies and procedures.
• Deliver client requirements in a regulatory driven environment, process improvements, and understand operationally complex fund accounting principles.
• Develop relationships with team members across multiple geographic locations and time zones.
• A solid understanding of the Investran Accounting Platform including direct experience working within Investran on Private Equity funds.
• At least 3 years of work experience in fund accounting operations, especially PE funds.
• Working knowledge of common and complex PE fund structures and related understanding of how fund setups impact accounting operations.
• A bachelor’s degree in business, accounting, finance or related discipline.
• Analytical skills, especially those related to fund accounting and asset management.
• Strong proven communication skills demonstrated through effective writing and presentations to clients and internal stakeholders.
• Effective leadership, project management, and organizational skills.
• An understanding of financial products and services, including those related to depository institutions, asset management, securities, financial technology, and/or private equity.
• An interest in working in an environment which encourages continuous learning, development and identification of opportunities for improvement of individual and team performance.
• A willingness to travel on an exception basis for client needs.

Nice To Haves

• An interest in technical accounting concepts.
• Understanding of fund legal documents (LPA, PPM) and fund structure charts.
• Experience overseeing the work of junior team members including coaching and mentoring.

Responsibilities

• Understand the intricacies of PE funds and how their unique features and entity structures translate into daily accounting requirements.
• Utilize the Investran Accounting Platform to store fund, investor, and investment-related reference data necessary for ongoing Accounting Operations teams.
• Execute Investran processes for partner transfers, investor closes, accounting period closes, investor reporting, and other PE-related accounting operations.
• Participate in activities needed to record data related to fund events, including fund launches, liquidations, and pipeline monitoring.
• Accounting Book of Record (“ABOR”) maintenance activities including GL account and transaction type creation and review, including related policies and procedures.
• Review journal entries and related support documents for quarterly fund valuation entries.
• Review the work of other team members with diverse backgrounds to ensure accuracy and completion according to regulatory reporting policies and procedures.
• Drive high quality work products within expected timeframes and budget.
• Monitor progress, manage risks, and ensure leadership is kept informed about progress and expected outcomes.
• Resolve any exceptions/negative trends in Reference Data Operations and continuously develop and implement possible solutions to streamline existing processes.
• Bring strong attention to detail, problem solving and critical thinking to ensure work is complete and accurate and escalate issues to leadership when appropriate.

Benefits

• We offer a competitive compensation package where you’ll be rewarded based on your performance and recognized for the value you bring to our business.
• In addition, our Total Rewards package includes medical and dental coverage, pension and 401(k) plans, and a wide range of paid time off options.
• Under our flexible vacation policy, you’ll decide how much vacation time you need based on your own personal circumstances.
• You’ll also be granted time off for designated EY Paid Holidays, Winter/Summer breaks, Personal/Family Care, and other leaves of absence when needed to support your physical, financial, and emotional well-being.
• Continuous learning : You’ll develop the mindset and skills to navigate whatever comes next.
• Success as defined by you : We’ll provide the tools and flexibility, so you can make a meaningful impact, your way.
• Transformative leadership : We’ll give you the insights, coaching and confidence to be the leader the world needs.
• Diverse and inclusive culture : You’ll be embraced for who you are and empowered to use your voice to help others find theirs.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees