AIS Fund Accountant I Job
AIS Fund Accountant I (Job Number: 1306750)
Description
Hedge Fund Accountants contribute to the production of client portfolio statements and Net Asset Value (NAV) calculations for Hedge Fund clients serviced in the Bank of New York Mellon's Alternative Investment Services Division (AIS). Ensure all trades are timely and accurately input into the appropriate client portfolios on a daily basis. Ensure timely and accurate processing of subscriptions and redemptions to client portfolios. Check accruals: Ensure accruals are being checked and properly posting to the portfolios on a daily basis. Cash and position reconciliation: Ensure cash and positions shown in the AIS portfolio system are reconciled to the client and/or the prime broker statements. Corporate action processing: Ensure all corporate actions that have occurred are properly reflected in the client portfolios. Book portfolio expenses: Ensure all expenses are accurately booked to the appropriate client portfolios. Ensure all securities are priced using an approved pricing service. Ensure all securities pricing is validated and verified using approved sources. Perform reconciliation on all payables and receivables: Ensure payables and receivables are reconciled on a daily basis. Exceptions are to be noted, researched and resolved in a timely manner. Research and resolve discrepancies: Ensure all portfolio discrepancies are researched and resolved in a timely and accurate manner. Other responsibilities: Prepare month-end portfolio. Interact with brokers on trade activity as needed. Prepare outgoing wire transfers. Direct client contact. Assist in reviewing investor statements. Assist in reviewing month-end portfolio statements for completeness and accuracy. Understand the overall direction of the AIS business and the relationship of these goals to the overall strategy of The Bank of New York Mellon. Understand the core services of AIS and how they meet the client s needs, including: portfolio accounting, investor accounting, custody, and transfer agency. Understand the ancillary products and services provided to the AIS client base, including: pricing, corporate actions and cash management. Understand the security types making up the portfolios and how they trade, i.e., equities, fixed income securities, mortgage-backed securities, derivatives. Understand the transaction flows throughout AIS and the impact of mistakes at each step on the other. Knowledge of the policies and procedures of the department. For each client, be aware of the transaction history, patters of investing, specific requirements, and service standards affecting that client. Understand the forms, documentation and other legal requirements to set up accounts in AIS. Understand the risks inherent in specific transactions. Understand the information flows through the various AIS systems.
Qualifications
Knowledge of how to use the various systems specific to the job function.
Primary Location: United States-USA-Delaware-Wilmington
Internal Jobcode: 16230
Job: Finance/Accounting
Organization: Asset Servicing - Americas-HR09084
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