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Associate, Fund Reporting II

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  • Job
    Full-time
    Senior Level
  • Accounting & Tax
    Banking & Finance
  • Pune

Requirements

  • Bachelors degree in accounting or the equivalent combination of education and experience is required.
  • 5 plus years of total work experience preferred.
  • Experience in accounting or fund administration preferred.

Responsibilities

  • Performs a variety of fund administration activities for funds with more intricate portfolio assets and transactions.
  • Responsibilities include expense allocation, budgeting, cash allocation, analysis of fund metrics and compliance.
  • Calculates daily fund position and cash reconciliations for moderately complex funds.
  • Assists in resolving escalated discrepancies.
  • Reports and analyzes fund revenues, expenses, profitability and other key metrics.
  • Works more extensively with clients to communicate fund expense and performance information regarding moderately complex funds, and answers questions about funds.
  • Reviews fund data and monitors compliance with all regulatory, BNY and client specifications.
  • Works with internal and external auditors to provide requested information of greater complexity.
  • Compiles and analyzes fund performance data for inclusion in Board of Directors report materials.
  • Reviews fund expense budgeting conducted by support staff.
  • No direct reports. Provides guidance to less experienced team members as needed.
  • Contributes to the achievement of team objectives.

FAQs

What is the location of the Associate, Fund Reporting II position?

The position is located in Chennai, TN, and operates in a hybrid format.

What are the primary responsibilities of the Associate, Fund Reporting II?

The primary responsibilities include performing fund administration activities, expense allocation, budgeting, cash allocation, fund position calculations, resolving discrepancies, analyzing fund metrics, and communicating with clients about fund performance.

What qualifications are required for this role?

A Bachelor's degree in accounting or an equivalent combination of education and experience is required, along with preferred experience of 5+ years in accounting or fund administration.

Is prior experience in fund administration necessary for this role?

While not mandatory, prior experience in accounting or fund administration is preferred for this role.

Does this position have any direct reports?

No, the Associate, Fund Reporting II does not have direct reports but may provide guidance to less experienced team members.

What opportunities for career growth does BNY provide?

BNY fosters a culture of growth and innovation, allowing employees to develop their skills and advance their careers through collaborative efforts and guidance from more experienced team members.

What is BNY’s company culture like?

BNY’s culture emphasizes empowerment, inclusivity, and innovation, making it a leading global financial services company committed to the professional success and well-being of its employees.

Are there benefits or rewards associated with this role?

Yes, BNY offers highly competitive compensation, benefits, and well-being programs including generous paid leaves, paid volunteer time, and resources to support health, resilience, and financial goals.

How does BNY regard diversity and inclusion?

BNY values diversity and inclusion significantly and has received a 100% score in the Human Rights Campaign Foundation's Corporate Equality Index and in the Disability: IN's Best Places to Work for Disability Inclusion.

What is the focus of the Fund Reporting team?

The Fund Reporting team focuses on administering funds with intricate portfolio assets, analyzing financial metrics, ensuring compliance, and supporting clients regarding fund performance and expenses.

Consider Everything

Finance
Industry
10,001+
Employees
1784
Founded Year

Mission & Purpose

Established in 1784, BNY Mellon is America’s oldest bank and the first company listed on the New York Stock Exchange (NYSE: BK). Today, BNY Mellon powers capital markets around the world through comprehensive solutions that help clients manage and service their financial assets throughout the investment life cycle. BNY Mellon had $46.9 trillion in assets under custody and/or administration and $1.9 trillion in assets under management as of June 30, 2023. BNY Mellon has been named among Fortune’s World’s Most Admired Companies and Fast Company’s Best Workplaces for Innovators. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation.

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