Senior Associate, Fund/Client Accounting
Job Description
SENIOR ASSOCIATE, FUND/CLIENT ACCOUNTING
At BNY, our culture empowers you to grow and succeed. As a leading global financial services company at the center of the world's financial system we touch nearly 20% of the world's investible assets.Every day around the globe, our 50,000+ employees bring the power of their perspective to the table tocreate solutions with our clients that benefit businesses, communities and people everywhere.
We continue to be a leader in the industry, awarded as a top home for innovators and for creating an inclusive workplace. Through our unique ideas and talents, together we help make money work for the world. This is what #LifeAtBNY is all about.
We're seeking a future team member for the role of Senior Associate, Fund/Client Accountingto join our Private Equity - Credit team. This role is located in Pune, MH - HYBRID role.
In this role, you'll make an impact in the following ways:
- Confirm trade bookings against trade tickets as per client. Liaise with counterparty/client/agent for unusual trades, settlement, coordination, trade confirms or documentation.
- Review key economic details included on standard LMA/LSTA PAR via Markit Clearpar system.
- Process/review global events like paydown, drawdown, rate reset, contract roll overs in system.
- Validation of corporate action/restructure events.
- Daily cash reconciliations and break resolution with custodian records.
- Perform position reconciliations with loan agents/client positions. Research and resolve position breaks.
- Prepare daily, monthly and quarterly fund accounting reports.
- Ensure timely and accurate net asset value calculation.
- Assist in the annual audit and tax return preparation process.
- Assist with other accounting projects.
To be successful, we're seeking the following:
- B.com/MBA/ degree in Accounting, Finance or the equivalent combination of education and experience is required.
- 6 plus years of experience in Credit, Fund Accounting, Private Equity, NAV, Reconciliation.
- Proven work experience as a fund accountant in Private credit/Bank debt/Bank loan or similar asset class.
- Hands on experience in syndicated/private loans - Good at booking/validation of credit activities (Draw-down, pay-down, roll over define global amount), interest calculation. Checking/creating contracts and credit facilities in Geneva application.
- Experience in Loan Settlements, worked with corporate trust team on term loan, delayed draw term loan, PIK loan and revolver credits. Good at reading funding memos and credit agreements.
- Good at reconciliation of cash, position, un-settled trade recon and accrued interest of bank debt, bond and ABS investments.
- Hands-on experience with accounting software like Geneva, TLM and Investran.
- Advanced MS Excel skills including VLOOKUP and pivot tables.
- Experience with Journal entries posting of expenses and payments.
- Strong attention to detail and good analytical skills.
At BNY, our culture speaks for itself. Here's a few of our awards:
- America's Most Innovative Companies, Fortune, 2024
- World's Most Admired Companies, Fortune 2024
- Human Rights Campaign Foundation, Corporate Equality Index, 100% score, 2023-2024
- , Disability: IN - 100% score, 2023-2024
- Most Just Companies, Just Capital and CNBC, 2024
- Dow Jones Sustainability Indices, Top performing company for Sustainability, 2024
- Bloomberg's Gender Equality Index (GEI), 2023
Our Benefits and Rewards:
BNY offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and our pay-for-performance philosophy. We provide access to flexible global resources and tools for your life's journey. Focus on your health, foster your personal resilience, and reach your financial goals as a valued member of our team, along with generous paid leaves, including paid volunteer time, that can support you and your family through moments that matter.
BNY is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.