CAAG Partnership Accounting Team
CAAG Partnership Accounting Team - Accounting Reprting Sr Supervisor (2nd shift position 3:00pm to 11:30pm) (Job Number: 1304575)
Description
The incumbent will supervise a staff 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 relationships. 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 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 customers 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 GCSD 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.
This position is a Senior Supervisor 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. Supervise and review others in providing Partnership Accounting services
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 supervise people in providing Partnership Accounting services.
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' 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: GFI Client Service Delivery-HR08950
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