The Fund Accounting Junior Specialist role will involve on-the job-training and migration among various teams within BNY Mellon in order to develop & acquire knowledge from various teams with sole purpose to understand the structure of the end-to-end process of Fund Accounting and related fields.
The duties and tasks you may expect to learn and be responsible for (among others) in those various teams are as follows:
- the timely and accurate preparation and calculation of all areas of Centralised Expense process: from the initial preparation of the budget to the final processing of payments and adjustments in accordance with BNY Mellon standard procedures.
- daily reconciliation of trades and cash positions, trade bookings & cash reporting.
- assistance in the completion of net asset values (NAVs) for client funds in accordance with BNY Mellon standard operating procedures
- preparation of cash and asset reconciliations and perform price tolerance checks
- understanding & reviewing the terms of all derivatives contracts in order to accurately record these products on internal Accounting Systems.
- monitoring the lifecycle of the derivatives & ensuring rates are updated, cash settlements are reconciled to Custody and positions are reconciled to the Counterparty
- trade execution and order management, trade confirmation processing, trade reconciliation and settlement, portfolio pricing, position and P&L valuation
- creation and delivery of daily standard client reporting with SAP Business Objects (German teams)
- reviewing and ensuring that all tax deliverables, operational and first tax quality assurance related tasks are performed in accordance with new laws and regulations
- on-boarding of clients at BNY Mellon and ensuring the correct tax service and reporting is applied
- providing clear, complete and accurate answers to Money Transfer related queries with specific focus on root cause
Qualifications
This is a talent pipeline posting
We are looking for students, graduates (from various faculties) and professionals who want to develop their knowledge in the area of finance.
Requirements:
- Fluency in English (speaking and writing)
- BA or MA degree (from various faculties)
- Proficiency with MS Office & PC literacy
- Interest in, and a basic knowledge of, financial markets
- Ability to focus on accuracy and timeliness
- Active, communicative and able to work well in a team
- Organisational, inter-personal and communication skills
- Ability to prioritise, multi-task and work under time pressure
- Motivated to acquire knowledge, develop and advance
What we offer:
- a clear career path within Graduate Accelerator Programme (GAP) with financial and non-financial growth for 18 months
- excellent opportunities for training, growth and professional development
- opportunity to understand the structure of the end-to-end process of Fund Accounting and related fields
- opportunities to engage in diverse projects due to growth of business migrations
- a multitude of opportunities to get involved in additional projects
- a collaborative culture and great teams
