Investment Trust Accountant Job
Investment Trust Accountant (Job Number: 1309401)
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
Department / Team Description
The Investment Trust Department is responsible for providing Fund Accounting services to clients in respect of Investment Trust vehicles. The primary services provided are:-
• Statutory Financial Reporting
• Board paper and other reporting
• Technical support for the NAV calculation function
The department consists of 22 staff split across 2 teams and manages four client relationships covering circa 27 Investment Trusts.
The team is based in the BNY Mellon office in Canary Wharf, London.
Job Purpose:
The jobholder is responsible for the performance of work necessary to provide Fund Accounting services for a number of Investment Trusts.
Responsibilities:
• Prepare accounts and subsidiary information for Investment Trusts ensuring timely and accurate delivery to agreed timetables and SLA standards and ensure compliance with appropriate accounting standards, relevant SORPs and other regulations
• Prepare schedules and information in relation to Investment Trust's board meetings ensuring timely and accurate delivery to agreed timetables and SLA standards
• Provide technical support for the NAV calculation function and expense processing functions.
• Complete monthly audit reviews to validate the accuracy of accounting records.
• Prepare / review income forecasts
• Prepare / review ad-hoc reporting and calculation requirements in support of Client fund requirements in accordance with SLA standards
• Liaise with internal and external parties relevant to Trust deliverables (includes clients, auditors, tax consultants and others).
• Ensure effective recording and resolution of external / internal queries
• Be aware of the risks of team operations and deliverables and assist in their management ensuring required controls maintained and compliance with procedures
• Where appropriate or required deputise for Senior Investment Trust Accountants and provide cover for other Investment Trust teams
• Other project work and ad-hoc tasks as required
Qualifications
Person specification:
Job Specific Competencies
• Adaptable, flexible and proactive
• Good communication and interpersonal skills
• Good decision maker, responsible and accountable
• Deadline driven with effective time management and ability to work under pressure
• Client orientated and results focused
• Attention to detail
• Manages risk
• Ability to establish and develop effective relationships
Technical Skills, Knowledge, Systems Knowledge (and associated skill level)
• Experienced accountant with sound double entry and financial accounting knowledge including UK GAAP or equivalent standards exposure
• Knowledge of the securities industry with experience in an FCA regulated business [preferable]
• Experience of fund accounting environment including coverage of pricing, statutory and other reporting [preferable]
• Experience of AIC SORP requirements and financial reporting for Investment Trust or equivalent vehicles [preferable]
• Experience of Taxation requirements for Investment Trust or equivalent vehicles [preferable]
• Excellent computer skills, in particular Excel.
Academic/Professional Qualifications (or equivalent qualifiers)
• Graduate calibre
• Accounting qualification (part of fully qualified) or qualified by experience
Primary Location: United Kingdom-United Kingdom-Greater London-London
Internal Jobcode: 50656
Job: Asset Servicing
Organization: Global Client Service Delivery-HR06406
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