Vice President, Real Estate Controller

BNY Mellon • Los Angeles, CA

5d • $102,000 - $190,000 • Hybrid

About The Position

Controller, Real Estate Funds (Vice President) At BNY, our culture allows us to run our company better and enables employees’ growth and success. As a leading global financial services company at the heart of the global financial system, we influence nearly 20% of the world’s investible assets. Every day, our teams harness cutting-edge AI and breakthrough technologies to collaborate with clients, driving transformative solutions that redefine industries and uplift communities worldwide. Recognized as a top destination for innovators and champions of inclusion, BNY is where bold ideas meet advanced technology and exceptional talent. Together, we power the future of finance – and this is what #LifeAtBNY is all about. Join us and be part of something extraordinary. We’re seeking a future team member for the role of Controller to join our alternative operations team. This role is located in New York or Los Angelos, CA (4days in the office per week). In this role, you’ll make an impact in the following ways: Direct multiple Fund Accounting teams responsible for conducting accounting services on behalf of a broad array of assigned clients including determining net asset values, calculating fund performance, allocating expenses, and preparing reports. Manage financial and human resources for the unit, ensuring assigned teams operate effectively to meet unit goals and objectives. Oversee processes and resource allocation in determining the net asset value (NAV) for assigned funds in multiple sectors for each measurement cycle. Manage relationships with a broad set of clients, resolving unique escalated issues related to fund calculations and accounting. Direct and prioritize processes that verify completeness and accuracy of disclosure in financial statements. Provide guidance to teams to ensure accounting records comply with departmental policies and procedures, resolving complex escalated issues. Evaluate GAAP and/or IFRS rules to determine the impact of new regulations on BNY Mellon fund accounting practices and develop strategies for implementation. Implement and assist in setting guidelines, policies, and priorities for drafting financial reports for clients to review fund performance, communicating complex accounting intricacies. Recruit, direct, motivate, and develop staff to maximize individual contributions, professional growth, and effective teamwork. Oversee relationships with auditors and clients to update financial reports ensuring accurate depiction of fund performance. Manage multiple Fund/Client Accounting teams primarily through subordinate managers and contribute to achieving multiple team objectives. To be successful in this role, we’re seeking the following:

Requirements

• Bachelor’s degree in accounting or the equivalent combination of education and experience
• Minimum 10 years of of commercial real estate fund accounting and financial statement preparation/review leadership experience
• Knowledge of GAAP, Investment Company, IFRS, and SEC rules applicable to commercial real estate investment funds
• Ability to effectively lead collaborative teams, where team members may be located in different cities or countries
• Working knowledge of joint venture waterfalls and partnership structures, including investor allocation

Nice To Haves

• REIT experience
• Yardi/Investran/WDesk experience preferred

Responsibilities

• Direct multiple Fund Accounting teams responsible for conducting accounting services on behalf of a broad array of assigned clients including determining net asset values, calculating fund performance, allocating expenses, and preparing reports.
• Manage financial and human resources for the unit, ensuring assigned teams operate effectively to meet unit goals and objectives.
• Oversee processes and resource allocation in determining the net asset value (NAV) for assigned funds in multiple sectors for each measurement cycle.
• Manage relationships with a broad set of clients, resolving unique escalated issues related to fund calculations and accounting.
• Direct and prioritize processes that verify completeness and accuracy of disclosure in financial statements.
• Provide guidance to teams to ensure accounting records comply with departmental policies and procedures, resolving complex escalated issues.
• Evaluate GAAP and/or IFRS rules to determine the impact of new regulations on BNY Mellon fund accounting practices and develop strategies for implementation.
• Implement and assist in setting guidelines, policies, and priorities for drafting financial reports for clients to review fund performance, communicating complex accounting intricacies.
• Recruit, direct, motivate, and develop staff to maximize individual contributions, professional growth, and effective teamwork.
• Oversee relationships with auditors and clients to update financial reports ensuring accurate depiction of fund performance.
• Manage multiple Fund/Client Accounting teams primarily through subordinate managers and contribute to achieving multiple team objectives.

Benefits

• BNY offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and our pay-for-performance philosophy.
• We provide 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, along with generous paid leaves, including paid volunteer time, that can support you and your family through moments that matter.

What This Job Offers

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