Specialist, Fund Operations - Private Equity

Reposted 17 Days Ago
Be an Early Applicant
New York, NY, USA
In-Office
52K-100K Annually
Senior level
Fintech • Financial Services
The Role
The role involves conducting accounting services for complex funds, guiding junior team members, and interacting with clients regarding accounting processes and fund performance.
Summary Generated by Built In

We’re seeking a future team member for the role of Associate to join Private Equity Team. This role is located in New York, NY ( 4 days in office expectation).

In this role, you’ll make an impact in the following ways:

  • Conduct accounting services on behalf of assigned clients and moderately complex funds including determining net asset values, calculating fund performance, allocating expenses, and preparing reports.
  • Perform complex Fund/Client Accounting responsibilities in driving Service Improvement plans, targeting efficiencies, enhancing processes, and specialist review functions.
  • Provide input into methodologies and review the work of more junior team members.
  • Guide and review work related to cash and asset reconciliations for complex accounts or transactions, resolving reconciliation issues for atypical transactions.
  • Draft and review reports for clients regarding the performance of complex funds.
  • Regularly interact with clients to answer questions and resolve issues regarding fund reports and accounting processes.
  • Assist in evaluating GAAP and/or IFRS rules to determine the impact of new regulations on BNY fund accounting practices.
     

To be successful in this role, we’re seeking the following:

  • Bachelor’s degree in accounting or the equivalent combination of education and experience.
  • 5-7 years of total work experience preferred.
  • Ability to provide guidance to less experienced team members.
  • May have people management responsibilities in some geographies.

BNY assesses market data to ensure a competitive compensation package for our employees. The base salary for this position is expected to be between $52,000 and $100,000 per year at the commencement of employment. However, base salary if hired will be determined on an individualized basis, including as to experience and market location, and is only part of the BNY total compensation package, which, depending on the position, may also include commission earnings, discretionary bonuses, short and long-term incentive packages, and company- sponsored benefit programs.

This position is at-will and the Company reserves the right to modify base (as well as any other discretionary payment or compensation) at any time, including for reasons related to individual performance, change in geographic location, Company or individual department/team. 

Skills Required

  • Bachelor's degree in accounting or equivalent education and experience
  • 5-7 years of total work experience

BNY Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about BNY and has not been reviewed or approved by BNY.

  • Healthcare Strength Health coverage includes comprehensive options with a $0‑premium plan for eligible lower earners, expanded mental‑health support with personalized therapy, and strong income protection through short‑ and long‑term disability. These features have been recently enhanced and are paired with dental and vision coverage.
  • Parental & Family Support Parental leave provides 16 weeks of fully paid time for all parents, with added support such as adoption assistance. This breadth offers strong coverage for major family events.
  • Retirement Support The 401(k) program includes a company match and Roth options to support long‑term savings. Additional financial programs like tuition assistance and savings vehicles complement retirement readiness.

BNY Insights

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The Company
HQ: New York, NY
41,739 Employees

What We Do

We help make money work for the world — managing it, moving it and keeping it safe. As a leading global financial services company at the center of the world’s financial system, we touch nearly 20% of the world’s investable assets. Today we help over 90% of Fortune 100 companies and nearly all the top 100 banks globally access the money they need. For 240 years we have partnered alongside our clients to create solutions that benefit businesses, communities and people everywhere.

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