Sr. Rep, Fund/Client Accting - Private Equity

Job Description

About the role:

This role primarily focuses on the valuation of private equity holdings and the associated lifecycle

maintenance within NAV production. This involves understanding the private equity deals and accurately recording the activity on the BNYM accounting platform, monitoring call notices and other life cycle events. Ensure offline tracking spreadsheets are updated accurately and that all activity is processed correctly. Assisting in the set-up of new PE securities and ensuring that they are accurately priced based on information received, cash settlements are reconciled to BNYM Custody and positions are reconciled to UA statements.

Also, ensure the timely investigation and resolution of all cash breaks and queries, through communication with trade ex, fund accounting and the underlying administrator or LP.

Hours: 08:30 to 17:00 with over-time as required

Main Responsibilities:

 Understand the workings of private equity securities

 Assist the Assistant Manager/Supervisor in tracking lifecycle events for private equity securities from initial set up to closeout; taking into account capital calls, distributions, expenses, pricing and any other impacting activity.

 Update the offline PE tracking tool to ensure the accurate recording of lifecycle events and the valuation of the PE positions.

 Process transactions once confirmed on BNYM Fund Accounting Platform

 Review cash and asset reconciliations for PE securities. Liaise with Recon to provide updates for items pertaining to PE.

 Calculate the accurate Market Value of the PE securities

 Reconcile the commitment levels to the LP or underlying administrator statements

 Complete the daily tracker for PE

 Promote good working relations with internal and external parties

 Assist in managing the take-on of new PE securities for new or existing clients

 Ensure any potential or known issues are escalated to the assistant manager of the

PEA team

 Carry out any ad-hoc projects assigned by Management

Human Resource Management:

 Adherence to BNYM standards, procedures and controls and maintain work files in a neat and orderly manner, suitable for review by management and auditors

 Adhere to agreed deadlines and immediately communicate potential issues to

Assistant Manager.

 Promote an environment of open and clear communication within the team; maintain a friendly and professional relationship with all internal and external parties.

 Prompt identification, escalation and resolution of any performance issues within the team.


 An interest in a career in Financial Services  Third level qualification in business related discipline (Finance or similar field will be an advantage, however we equally welcome graduates of all degrees.  Proactive, focused attitude towards work and an ability to consistently meet deadlines.  Organisational, inter-personal, verbal & written communication skills.  High attention to detail.  Initiative and enthusiasm with an ability to achieve challenging goals  Proactively manage and organise workflow on a daily basis  PC literacy, including proficient knowledge of Microsoft Office.  Requisite experience in the fund administration business with previous exposure to derivative instruments would be desirable
BNY Mellon is an Equal Employment Opportunity Employer.

Primary Location: Ireland-Cork-Cork
Job: Operations
Internal Jobcode: 70512
Organization: Global Utilities-HR13926
Requisition Number: 1918209