Senior Associate, Fund/Client Accounting

BNY Mellon; Pune City; On-site; INR 600,000 - 1,200,000; Full time

Job summary

Join a forward-thinking company as a Senior Associate in Fund/Client Accounting, where your expertise will drive impactful financial solutions. In this hybrid role, you will leverage your extensive experience in credit and fund accounting to ensure accurate trade bookings, cash reconciliations, and net asset value calculations. Collaborate with a dynamic team to prepare accounting reports and assist in audits, all while working with advanced accounting software. This is a unique opportunity to grow your career in a globally recognized financial services firm that values diversity and innovation.

Qualifications

• 6+ years in Credit, Fund Accounting, with proven experience in Private equity.
• Hands-on experience with loan settlements and credit activities.

Responsibilities

• Confirm trade bookings and liaise with clients for unusual trades.
• Prepare daily, monthly, and quarterly fund accounting reports.

Skills

Credit Accounting

Fund Accounting

Private Equity

NAV Calculation

Reconciliation

Analytical Skills

Attention to Detail

Contract Management

Education

B.com

MBA

Tools

Geneva

TLM

Investran

MS Excel

Job description

Senior Associate, Fund/Client Accounting

Pune, MH, India and 1 more (Hybrid)

Job Description

SENIOR ASSOCIATE, FUND/CLIENT ACCOUNTING

At BNY, our culture empowers you to grow and succeed. As a leading global financial services company at the center of the world’s financial system, we touch nearly 20% of the world’s investible assets. Every day around the globe, our 50,000+ employees bring the power of their perspective to the table to create solutions with our clients that benefit businesses, communities, and people everywhere.

We’re seeking a future team member for the role of Senior Associate, Fund/Client Accounting to join our Private Equity - Credit team. This role is located in Pune, MH – HYBRID role.

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

• Confirm trade bookings against trade tickets as per client. Liaise with counterparty/client/agent for unusual trades, settlement, coordination, trade confirms or documentation.
• Review key economic details included on standard LMA/LSTA PAR via Markit Clearpar system.
• Process/review global events like paydown, drawdown, rate reset, contract rollovers in the system.
• Validation of corporate action/restructure events.
• Daily cash reconciliations and break resolution with custodian records.
• Perform position reconciliations with loan agents/client positions. Research and resolve position breaks.
• Prepare daily, monthly and quarterly fund accounting reports.
• Ensure timely and accurate net asset value calculation.
• Assist in the annual audit and tax return preparation process.
• Assist with other accounting projects.

To be successful, we’re seeking the following:

• B.com/MBA/ degree in Accounting, Finance or the equivalent combination of education and experience is required.
• 6 plus years of experience in Credit, Fund Accounting, Private Equity, NAV, Reconciliation.
• Proven work experience as a fund accountant in Private credit/Bank debt/Bank loan or similar asset class.
• Hands-on experience in syndicated/private loans - Good at booking/validation of credit activities (Draw-down, pay-down, roll over define global amount), interest calculation. Checking/creating contracts and credit facilities in Geneva application.
• Experience in Loan Settlements, worked with corporate trust team on term loan, delayed draw term loan, PIK loan and revolver credits. Good at reading funding memos and credit agreements.
• Good at reconciliation of cash, position, un-settled trade recon and accrued interest of bank debt, bond and ABS investments.
• Hands-on experience with accounting software like Geneva, TLM and Investran.
• Advanced MS Excel skills including VLOOKUP and pivot tables.
• Experience with Journal entries posting of expenses and payments.
• Strong attention to detail and good analytical skills.

BNY is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.

Job Info

• Job Identification 64237
• Job Category Fund/Client Accounting
• Posting Date 02/19/2025, 06:24 AM
• Locations Prestige Alphatech, Tower A and B, Survey no. 39/2, Pune, MH, 411014, IN Block 3, Embassy Splendid Tech Zone, Chennai, TN, 600043, IN (Hybrid)