Senior Vice President, Fund/Client Accounting Manager - Retail Funds

BNY; Frankfurt; On-site; EUR 120,000 - 180,000; Full time

Benefits offered by this job

Competitive compensation

Wellbeing programs

Volunteer leave

Job summary

BNY is seeking a Senior Vice President to lead end-to-end fund accounting for German retail funds (Publikumsfonds) across UCITS and select non-UCITS. You will own daily NAV production and reporting, collaborating with Product, Client Coverage, Middle Office, Transfer Agency, Custody and Technology to ensure a stable BAU service in Frankfurt.

You will oversee NAV control, cash/asset reconciliations, corporate actions, fee architectures, and reporting, while driving automation and vendor

Qualifications

• 12+ years in fund accounting/administration with deep German retail funds experience.
• Fluency in German and English; strong stakeholder management with depositaries, auditors, regulators, and distributors.
• Expertise in German/UCITS frameworks (KAGB, KARBV), BaFin expectations, WM Daten specifics, and retail distribution operational nuances.

Responsibilities

• Own endtoend daily NAV process for German retail funds, including depositary confirmation windows and thirdparty recipient distributions.
• Significant clientfacing responsibilities, with frequent interaction across various client stakeholders.
• Oversee daily cash/asset and unit reconciliations; upscale aging/material breaks and manage resolution; maintain postevent reconciliations for mergers/liquidations as needed.
• Oversee global certificate creation with custody teams and ensure timely transmission to Clearstream Banking (CBF).
• Ensure corporate actions are synchronized with depositories; operate mandatory CA prelists and exception clearance to avoid NAV divergence.
• Oversee share class divergence controls and standing instruction playbooks (e.g., dilute/waive logic for cap stock vs expense impacts; hedged/unhedged treatment).
• Govern swing pricing thresholds/factors, normal vs stressed regimes, and reporting; manage TA estimate delays and client notifications per SLD.
• Coordinate reporting: daily NAV files/SFTP, Nexen reporting access (assets, accruals, trial balance, NAV impacts), portfolio turnover (HK/SG), and monthly/quarterly board/KPI packs.
• Embed depositary fee plausibility checks and invoice/payment controls; manage FX standing instructions for expense payments where required.
• Continuously uplift automation, vendor integrations (Bloomberg/WM), and data lineage; sponsor reduction of price verification exceptions.

Skills

Fund accounting

Leadership

German & English

Stakeholder management

NAV processes

KAGB/BaFin

Education

Professional accounting qualification

Tools

Bloomberg

WM

SFTP/API interfaces

Job description

At BNY, our culture allows us to run our company better and enables employees' growth and success. As a leading global financial services company at the heart of the global financial system, we influence nearly 20% of the world's investible assets. Every day, our teams harness cutting-edge AI and breakthrough technologies to collaborate with clients, driving transformative solutions that redefine industries and uplift communities worldwide.

Recognized as a top destination for innovators, BNY is where bold ideas meet advanced technology and exceptional talent. Together, we power the future of finance - and this is what #LifeAtBNY is all about. Join us and be part of something extraordinary.

We are seeking a Senior Vice President to lead endtoend fund accounting for German retail funds (Publikumsfonds) across UCITS and certain nonUCITS in scope for AGI onboarding. You will be accountable for daily NAV production and release, and the control environment that supports distribution at scale in the German market. You will partner closely with Product, Client Coverage, Middle Office, Transfer Agency, Custody/Depositaries, Operational Tax, Risk/Compliance and Technology to deliver a seamless migration and a stable BAU service thereafter. This role is located in Frankfurt, Germany.

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

• Own endtoend daily NAV process for German retail funds, including depositary confirmation windows and thirdparty recipient distributions.
• Significant clientfacing responsibilities, with frequent interaction across various client stakeholders.
• Oversee daily cash/asset and unit reconciliations; upscale aging/material breaks and manage resolution; maintain postevent reconciliations for mergers/liquidations as needed.
• Oversee global certificate creation with custody teams and ensure timely transmission to Clearstream Banking (CBF).
• Ensure corporate actions are synchronized with depositories; operate mandatory CA prelists and exception clearance to avoid NAV divergence.
• Oversee share class divergence controls and standing instruction playbooks (e.g., dilute/waive logic for cap stock vs expense impacts; hedged/unhedged treatment).
• Govern swing pricing thresholds/factors, normal vs stressed regimes, and reporting; manage TA estimate delays and client notifications per SLD.
• Coordinate reporting: daily NAV files/SFTP, Nexen reporting access (assets, accruals, trial balance, NAV impacts), portfolio turnover (HK/SG), and monthly/quarterly board/KPI packs.
• Embed depositary fee plausibility checks and invoice/payment controls; manage FX standing instructions for expense payments where required.
• Continuously uplift automation, vendor integrations (Bloomberg/WM), and data lineage; sponsor reduction of price verification exceptions.

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

• 12+ years in fund accounting/administration with deep German retail funds experience; proven leadership in large scale onboardings or transitions.
• Expertise in German/UCITS frameworks (KAGB, KARBV), BaFin expectations, WM Daten specifics, and retail distribution operational nuances.
• Fluency in German and English; strong stakeholder management with depositaries, auditors, regulators, and distributors.
• Demonstrated mastery of NAV control frameworks, pricing vendor oversight, liquidity tools (swing/ADL), and fee architectures (caps/waivers/performance fees).
• Hands on with reconciliation tooling, SFTP/API interfaces, and data quality governance (ISIN/WKN/WM).
• Big 4/audit interface or equivalent experience; professional accounting/tax qualifications a plus.
• Experience managing and influencing key internal senior stakeholders
• Direct client management experience

At BNY, our culture speaks for itself, check out the latest BNY news at:

BNY Newsroom

BNY LinkedIn

Here's a few of our recent awards:

• America's Most Innovative Companies, Fortune, 2025
• World's Most Admired Companies, Fortune 2025
• "Most Just Companies", Just Capital and CNBC, 2025

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.