CAAG Partnership Accounting Team
CAAG Partnership Accounting Team - Accounting Reporting Analyst (2nd shift position 3:00pm to 11:30pm) (Job Number: 1307851)
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 AR 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.
This position is an Analyst for Partnership Accounting in the Complex Accounting and Administration Group (CAAG).
Primary responsibilities may include:
1. Reading and interpreting hedge fund/alternative investment legal documents.
2. Review and analyze fund trial balances and general ledger
3. Partnership and Share Based Accounting
4. Partnership Income Allocation Methodologies (including special allocations, new issues, side pockets, etc.)
5. Management Fee and Incentive Computations and Accounting (including tiered structures and hurdles)
6. Computation of NAVs and Daily Investor Level NAV Estimates
7. Computation of Rates of Return
8. Withholding statements, capital roll forwards, and investor statements
9. Other related projects as assigned
The preferred candidate will possess the following experience:
1. Be familiar with master/feeder, fund of funds, share based funds, and other hedge fund structures.
2. Reading and interpreting hedge fund legal documents (PPM, OM, LPA, IMA etc.)
3. Experience in accounting, Partnership allocations and management/incentive fee computations.
4. Extreme attention to detail, organizational skills, clear and concise communication skills, and the ability to deal directly with clients and investors.
5. CPA, accounting, relevant industry experience, and/or experience with Penny IT works are preferred.
This position works 2nd shift hours of 3:00 pm to 11:30 pm.
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
Leave a Reply
You must be logged in to post a comment.