Department / Team Overview
Institutional Accounting provides portfolio accounting and reporting to clients of the BNYM core custody business. The service provides the delivery, to agreed deadlines, of an audited market valuation for a portfolio or group of portfolios, together with supporting transaction details.This team’s primary focus is to work in partnership with our clients, providing a complete and independent investment reporting package. We service a range of clients which include Corporate Pension Funds, Government Pension Funds, Central Banks, Sovereign Wealth Funds, Insurance Companies, and Investment Managers. These clients invest in the full range of financial instruments that include Equities, Bonds, Forward and Spot FX, Derivatives and Money Market instruments amongst others.
Overall responsibility (overview of the role)
Manages a small team of Investment Reporting Administrators responsible for conducting accounting services on behalf of assigned clients including determining net asset values, calculating fund performance, allocating expenses, and preparing reports. Resolves escalated issues from team members. Manages the performance of assigned staff and sets team priorities.
Key areas of responsibility (Bullet points of specific responsibilities):
Manages the team in determining the net asset value (NAV) for assigned accounts/portfolios for each measurement cycle, within specified deadlines,
Manages relationships with assigned clients and ensures all questions are answered and issues with investment reporting are resolved in a timely manner.
Manages processes for checking the completeness and accuracy of investment reporting. Provides oversight of the team to ensure that accounting records are maintained in accordance with departmental policies and procedures. Resolves escalated issues from team members.
Maintains own personal development of investment reporting knowledge and regulations, the operating model and the financial products held by clients in order to ensure the team and departmental procedures reflect current market developments and client requirements. Evaluates this and ensures that the team are kept up-to-speed with BNY Mellon institutional accounting practices.
Manages the drafting of financial reports for clients to review fund performance. Communicates reports and accounting intricacies to clients.
Recruits, directs, motivates and develops staff, maximizing their individual contribution, their professional growth and their ability to function effectively with their colleagues as a team. Direct reports:
Analyst, Fund/Client Accounting and
Intermediate Rep, Fund/Client Accounting Working conditions and other information (working hours, full time, permanent etc.):
7am – 6pm (35 hours per week)
Monday – Friday (inclusive of bank holidays)
This role does not fall under the FCA T&C Scheme
Previous experience in a financial services environment would be preferable. A proven successful management track record will also be considered.
Bachelor’s degree in finance related subject or the equivalent combination of education and experience is required.
Strong soft skills and experience of managing others
Excellent Communication skills
Excellent attention to detail
Ability to manage the time and workloads of others
Flexibility and adaptability
Well organised and focused, in order to meet tight deadlines
An effective team worker
Demonstrate a strong client service ethic
Presentation and client liaison skills
Intermediate knowledge of MS Excel and MS Word
BNY Mellon is an Equal Employment Opportunity Employer.
Primary Location: United Kingdom-Greater Manchester-Manchester
Job: Asset Servicing
Internal Jobcode: 70507
Requisition Number: 1916390