Fund Accounting Assistant Manager Job
Fund Accounting Assistant Manager (Job Number: 1314215)
BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation. Additional information is available at www.bnymellon.com .
BNY Mellon Asset Servicing assists clients worldwide to enhance the management, administration and oversight of their entire investment process by giving them the tools and information they need to make better decisions.
Description
The role
The Valuations Assistant Manager has direct responsibility for ensuring that the net asset values (NAVs) of the fund are calculated accurately and on a timely basis in accordance with BNY Mellon standard procedures. He/She is responsible for the scheduling of operational flows, that the necessary controls are in place and adhered to in order to provide accurate and timely fund accounting/administration services to our clients, investment managers, transfer agent, stock exchanges etc.
Key responsibilities:
- Ensure the net asset values (NAVs) of the fund are calculated accurately and on a timely basis in accordance with BNY Mellon standard procedures and timetables and that the necessary controls are in place and adhered to in order to provide accurate and timely fund accounting/administration services to our clients, investment managers, transfer agent, stock exchanges etc.
- Understand the process for preparing all valuations under your management. This will include having knowledge of all control procedures in place during the preparation of the NAV and identifying any more effective controls that can be used.
- Monitor the daily/weekly/monthly production schedule to ensure that valuations are completed accurately and within the client deadline.
- Perform the final check and review of valuations produced under your control.
- Manage the tie-out process with the clients on all assigned funds.
- Ensure BNY Mellon and client standard procedures and controls are being adhered to on a daily basis by all staff under your management.
- Communicate new procedures on a fund to all relevant staff.
- Communicate any significant operational issues that arise to Manager.
- Ensure fund Supervisors maintain daily/monthly files in a manner suitable for future review by the fund and internal auditors.
- Take initiative to seek opportunities to enhance either the quality of client services or the productivity the NAV process.
- Serve as the primary dedicated contact for the client on operational and client servicing issues.
- Ensure client concerns/requests are addressed as soon as possible and within an agreed timetable.
- Manage where appropriate each Supervisors client servicing functions and ensuring that the client is satisfied with the service they are receiving.
- Ensure all staff maintain a proactive and professional relationship with key client contacts.
- Keep Manager informed of client issues and their progress, highlighting to management any client concerns/complaints as a matter of urgency.
- Manage the preparation on a timely basis and within the defined timeframes of all of the weekly/monthly reporting including the management information system (MIS), compliance, client and fund manager monthly information and reporting.
- Plan the resourcing requirements for the funds in consultation with Manager.
- Serve as a role model and mentor to staff, with the goal to developing personnel on a career path. Specific responsibilities include, in conjunction with Manager, the timely completion of probation reviews, setting staff objectives, monitoring staff development against those objectives, serving as a resource to staff and providing adequate training as appropriate.
- Take responsibility for personal development and seek challenges within your role as Assistant Manager.
- Ensure all queries from auditors or fund accounting staff are accurately and fully responded to with minimum delay.
- Perform and document those procedures assigned by Manager ensuring SAS70 requirements are implemented.
Qualifications
Key requirements
- At least 4 years work experience in the funds administration business
- Masters or degree level in Finance or similar, professional field.
- Knowledge of accounting requirements for a wide range of financial instruments.
- Knowledge of InvestOne, Bloomberg, Excel, Internet, Custody, Inform and Reuters.
- Report writing ability, with a high attention to detail.
- Experience of managing, supervising and developing others.
- Strong initiative and enthusiasm with an ability to set and achieve challenging goals.
- High level of accuracy and professionalism.
- Strong organisational, inter-personal and communication skills.
- Self-motivation and the ability to work independently and as part of a team.
- Fluency in English is essential.
Primary Location: Wroclaw, Dolnoslaskie, PL
Internal Jobcode: 51766
Job: Asset Servicing
Organization: Global Client Service Delivery-HR06406
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