CAAG Accounting & Reporting Analyst
CAAG Accounting Reporting Analyst - Business Implementation Team (Job Number: 1307017)
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 36 countries and more than 100 markets. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. Additional information is available at www.bnymellon.com.
BNY Mellon Asset Servicing is dedicated to dynamically supporting our clients' investments and safeguarding their assets, keeping them working around the clock and across the world. It's part of our commitment to being a true partner for our clients' investment success. We specialize in operational solutions and capabilities for today's market-enhancing the management and administration of investments with services that process, monitor and measure investment data from around the world. By leveraging BNY Mellon's global footprint and deep expertise, we deliver insight-driven solutions for every phase of investing.
Description
The incumbent may coordinate the efforts of various teams involved with the completion of various significant projects, the conversion activities of new client relationships, or new fund or investment structures requested by our clients as directed by the Manager. This position also involves the support and review of very detailed control work designed to significantly reduce the risk associated with our business. The project and control works assigned to this individual requires an in-depth understanding of the process and work involved to ensure this work is completed appropriately and our risk effectively mitigated. While this is an individual contributor role, this position will have frequent contact with many staff members and very significant contact with specific clients on major projects. S/He must be able to meet and exceed their goals by effectively working with staff not reporting to her/him and/or clients that s/he does not normally support. This position required substantial flexibility, as the incumbent must embrace the process of moving from project to project and potentially team to team. S/He will provide detailed training to more junior staff on all aspects of their control work. S/He will use her/his significant technical skills to provide unique customized solutions to our client base.
The Business Support Analyst will play a central role in the Complex Accounting and Administration Group's (CAAG) Business Support Team. The Analyst will be responsible for supporting CAAG operations with new business on-boarding, organic growth, strategic business initiatives, project management (utilizing MS Excel and Project), technology management (act as liaison between technology and the business) and production support.
Primary responsibilities may include:
A. New business on-boarding which includes working closely with the client implementation and operations teams, attending both internal and client meetings, month end and subscription/redemption workflows (utilizing MS Visio), and supporting the operations teams with the implementation/conversion.
B. Lead project manager for organic growth and strategic business initiatives. Lead the planning and implementation of project, facilitate the definition of project scope, goals and deliverables, define project tasks and resource requirements, develop detailed plan, and work closely with all applicable operations teams on the implementation to ensure it is executed according to the plan, both from a timeliness and accuracy perspective.
C. Liaison between technology (BNYM and 3rd party) and the operations groups on application development/system installs, technology related initiatives, and production support.
D. Partnership Accounting and Investor Services operations and production support. Responsible for assisting teams with new client/fund setup, document review and client deliverables.
The preferred candidate will possess the following experience:
A. In-depth knowledge of Partnership Accounting and Investor Services. This includes but not limited to the following: partnership and shared based accounting, income allocation methodologies (including special allocations), management fee and incentive fee calculations (including tiered structures and hurdles), liquidity/gates, side pockets, new issues, fund structures (standalone, master/feeder, FOF's, LP's, LLC's, DST's, Commingled funds........etc.) and anti-money laundering.
B. Familiarity with reading and understanding key aspects of fund legal documents - PPM, OM, LPA, IMA.....etc.
C. Strong understanding of technology and experience working with both internal and 3rd party technology teams, tracking/reporting application development status, creating test plans and scripts, and completing User Acceptance Testing.
D. Experience working within a partnership accounting operations team.
E. Project management experience utilizing MS Project.
Qualifications
The qualified candidate will have a Bachelor's degree or a minimum of 4+ years related work experience in securities/trust and business analysis/project experience. Extensive knowledge of securities, trust accounting theories, as well as annual Form 5500 and other regulatory reporting (FASB) is required. S/He must be highly proficient with PC applications (Excel, Word, Access) and our core on-line systems and information delivery tools. S/He must possess very strong analytical and verbal communication skills and be able to work independently and under significant pressure while adhering to constantly changing strict deadlines. S/He must be extremely detail and control-oriented with a very strong understanding of the risks of our business. S/He must have very good leadership skills in order to properly motivate staff that does not report to her/him and to deal effectively with other internal groups and external clients.
Primary Location: United States-USA-MA-Everett
Internal Jobcode: 07924
Job: Asset Servicing
Organization: US Financial Institutions-HR09086
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