Lead Analyst, Hedge Fund Accounting

Employer
BNY Mellon
Location
Wrocław, Poland
Salary
Competitive
Posted
May 07, 2022
Closes
May 22, 2022
Ref
14800145
Job Function
Operations
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Overview

Contract Job Title: Lead Analyst, Fund/Client Accounting

BNY Mellon powers individuals and institutions to succeed in the global economy providing investment management, investment services and wealth management. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK).

With a dedicated business presence on six continents and in 35 countries, BNY Mellon delivers global scale at the local level.

The Global Delivery Centre in Wroclaw is a growing location, predominately providing support services to BNY Mellon entities in the areas of fund accounting and investment operations.

Team overview:

Operations bring together BNY Mellon's key operational areas into one global team to better support the company's businesses and serve clients around the world. Operations help clients to conduct business, service assets, and engage in transactions in 36 countries and more than 100 markets. At every stage of the investments lifecycle - creating, trading, clearing, settling, holding, servicing, managing, distributing and restructuring assets - Operations are working to make BNY Mellon the recognized industry service quality and productivity leader. Operations manage investment monitoring, measurement and processing services for our clients. Our solutions include Securities Operations, Fund Administration, Transfer Agency, Outsourcing, Performance Measurement and other related services.

The Alternative Investment Services (AIS) Fund Accounting Department is responsible for ensuring the timely and accurate preparation of daily net asset value (NAV) for a number of complex Hedge Funds, Credit Funds, Private Market Funds, Real Estate Funds and Hybrid Funds investing in a wide variety of financial instrument types.

This area of business focuses on preparing and calculating accurate Net Asset Values (NAVs) across all funds in accordance with BNY Mellon standard operating procedures, preparing cash and asset reconciliation's, providing services to all clients and ensuring that client concerns/requests are addressed as soon as possible and within an agreed timetable.

Your role:
  • Conducts accounting services on behalf of assigned clients and moderately complex funds including determining net asset values, calculating fund performance, allocating expenses and preparing reports.
  • Performs complex Fund/Client Accounting responsibilities in the areas of driving Service Improvement plans, targeting efficiencies, enhancing processes and specialist review functions.
  • Provides input into methodologies and checks the work of more junior team members.
  • Provides guidance and reviews work related to cash and asset reconciliations relating to complex accounts or transactions.
  • Resolves reconciliation of accounts for more complex or atypical transactions and reviews work of junior team members.
  • Drafts reports for clients regarding the performance of complex funds.
  • Reviews draft reports completed by more junior staff.
  • Regularly interacts with clients in answering questions and resolving issues regarding fund reports and accounting processes.
  • Assists in evaluating GAAP and/or IFRS rules to determine impact of new regulations on BNY Mellon fund accounting practices.
  • Provides guidance to less experienced team members.
  • May have people management responsibilities in some geographies.
  • Contributes to the achievement of related teams objectives.

Qualifications:
  • Bachelor's degree in accounting or the equivalent combination of education and experience is required.
  • 5 years of total work experience preferred, fund accounting experience is desirable.
  • Experience in people management.
  • Big 4 accounting firm experience preferred.
  • Highly developed interpersonal skills
  • Business English

Our offer:
  • Full time contract of employment
  • City Centre locations close to main railway station and flexible working arrangements
  • Flexible benefits package, including life and medical insurance, health screening, fitness discount programme, employee assistance program
  • Award-winning Wellbeing Program supporting you with your unique health and wellbeing needs
  • Pension scheme
  • On-site childcare and a parental buddy programme
  • Exciting opportunities for career and global mobility
  • Diverse and inclusive environment
  • Employee Referral Program
  • Recognition programmes
  • A multitude of opportunities to get involved in charity projects and Employee Resource Groups (ERGs)

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