CAAG Accounting & Reporting Sr Supervisor
CAAG Accounting Reporting Sr Supervisor - Financial Reporting Team (Job Number: 1302574)
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 will supervise a staff of 10+ responsible for the processing and support of complete, accurate, and timely valuation and financial statements for daily and monthly valued clients. The clients will be a mix of multi-billion dollar institutional relationship wit at least two in the GSS top 100 revenue clients. S/He will have complete responsibility for client satisfaction with respect to the cash processing, accounting, valuation, and information delivery aspects of Service Delivery, and will be responsible for the development, implementation, and control of customized services related to those areas. S/he must effectively work with all groups throughout Asset Servicing as well as Mellon Analytical Solutions in order to provide joint solutions to complex client issues. S/He will control/mitigate risk related to investment manager/client trade settlements and cash investment. S/He will ensure that each customer s accounting information is in adherence with all Bank of New York Mellon internal policies as well as all external standard-setting bodies (e.g., the AICPA and FASB) and regulatory bodies (e.g., the DOL and SEC). The incumbent must effectively use his/her knowledge and understanding of our business in order to appropriately manager the risk inherent in GSS relationships and our overall business. S/He will be fully responsible for the Performance Management Process for her/his staff and will guide staff through change. S/He will have a significant role in client/prospective client presentations.
Primary responsibilities may include:
A. Manage communications with external auditors on external financial statements and accounting issues to ensure auditor agreement with company decisions on accounting disclosures, and issues
B. Assist in the coordination of annual audit and quarterly review activities of external auditors
C. Monitor and ensure timely identification and compliance with evolving accounting guidance, provide US GAAP interpretation and prepare technical memorandums that document issues in a clear, logical and comprehensive manner
D. Implement and maintain reporting procedures to comply with internal control requirements
E. Prepare materials for new business and board meetings
F. Reconcile financial discrepancies by collecting and analyzing account information from other groups within CAAG
G. Summarize Monthly and Quarterly financial statement status by preparing a review package with variance explanations
H. Prepare and compile information for financial/regulatory reporting.
I. Prepare financial statements inclusive of the following reporting items: Balance Sheet, Income Statement, Statement of Changes, Statement of Cash Flows, Schedule of Investments, Financial Highlights and Notes to Financial Statements.
The preferred candidate will possess the following experience:
A. Compilation, Review and/or Audit of US GAAP financial statements for investment companies or mutual fund companies
B. Familiarity with a variety of investment funds (i.e., hedge funds, private equity funds, mutual funds, trust funds)
C. Familiarity with a variety of investment structures (i.e., fund-of-funds, master-feeder, consolidations)
D. Familiarity with a variety of investment instruments (i.e., equities, debt, forwards, futures, options, swaps, etc.)
E. Familiarity with accounting and financial reporting principles, terminology, syntax, and conventions as they relate to investment companies
F. Proficient at researching, interpreting, and applying accounting pronouncements
G. Excellent business English writing skills (i.e., grammar, terminology, convention, etc.)
H. Proficient with MS-Word and MS-Excel applications
I. 5+ years of experience in financial statement preparation or audit within asset management or investment management
Qualifications
The qualified candidate will have a Bachelor' degree with concentration in Accounting or Finance preferred. Extensive knowledge of securities/trust accounting theories/practices, as well as annual Form 5500 and other regulatory reporting is required. S/He must be highly proficient with PC applications and our core on-line systems and information delivery tools. S/He must possess excellent analytical and communication skills, and be able to manage effectively under pressure while adhering to strict and constantly changing deadlines. Superior supervisory, interviewing, organizational, presentation, and leadership skills are required. This position requires 9+ years of relevant securities/trust experience, including some supervisory/management experience.
Primary Location: United States-USA-MA-Everett
Internal Jobcode: 07930
Job: Asset Servicing
Organization: Global Client Service Delivery-HR06406
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