CAAG Partnership Accounting Team
CAAG Partnership Accounting Team - Accounting Reporting Manager (2nd shift position 3:00pm to 11:30pm) (Job Number: 1305025)
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 35 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 manage a staff responsible for the processing and support of complex, accurate, and timely valuation and financial statements for daily and monthly valued clients. The clients will be a mix of multi-billion dollar institutional relationships. S/He must use his/her extensive experience to design, implement, and control highly customized services to sophisticated clients. S/He will have consistent client contact with very senior client staff and will be fully responsible for their complete satisfaction. S/He will work with Client Services and Relationship Management to resolve any client issues. S/He must effectively work with all groups throughout Asset Servicing in order to provide joint solutions to complex client issues. S/He will be expected to control risk related to trade settlements and the full investment of cash balances. S/He will have a leading role in client and marketing presentations. The incumbent must use his/her extensive knowledge of our business in order appropriately manages the risk inherent in GCSD relationships and our overall business. S/He will be expected to effectively identify cross-sell opportunities on an ongoing basis. S/He will be fully responsible for the Performance Management Process for her/his staff and will guide staff through change. S/he will be a role model of Shared Values and a leader within the division.
This position is a Manager 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
10. Manage, coach and review others in providing Partnership Accounting services
11. Other Administrative and Management Reporting as required
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, ability to resolve issues, and ability to manage people, processes and projects in providing Partnership Accounting services.
5. CPA, accounting, relevant industry experience, and/or experience with Penny IT works are preferred.
Qualifications
The qualified candidate will possess a Bachelor' degree with a 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 HR management, organizational, change management, presentation, and leadership skills are required 10+ years of relevant securities/trust and management experience is also required.
Primary Location: Everett, MA, US
Internal Jobcode: 07931
Job: Asset Servicing
Organization: GFI Client Service Delivery-HR08950
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