Specialist, Fund Administration II

BNY; Florida; On-site; USD 60,000 - 80,000; Full time

Benefits offered by this job

Flexible global resources

Generous paid leaves

Health and wellbeing programs

Job summary

BNY is seeking a future team member for the role of Fund Administration in Lake Mary, Florida. The position involves performing various fund administration activities, including expense allocation and budgeting, and requires a Bachelor's degree in accounting. Candidates should have 3-5 years of work experience, preferably in accounting or fund administration.

BNY offers competitive compensation and benefits, alongside a culture that supports employee growth and wellbeing.

Qualifications

• 3-5 years of total work experience preferred.
• Experience in accounting or fund administration preferred.
• No direct people leadership responsibilities.

Responsibilities

• Perform various fund administration activities including expense allocation and budgeting.
• Calculate daily fund positions and cash reconciliations.
• Communicate fund performance information to clients.

Skills

Fund administration activities

Accounting

Client communication

Education

Bachelor’s degree in accounting or equivalent

Job description

Overview

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. We are recognized as a top destination for innovators where bold ideas meet advanced technology and exceptional talent.

We’re seeking a future team member for the role of Fund Administration to join our team. The position is located in Lake Mary, Florida.

Responsibilities

• Perform a variety of fund administration activities for funds with more intricate portfolio assets and transactions, including expense allocation, budgeting, cash allocation, analysis of fund metrics and compliance.
• Calculate daily fund position and cash reconciliations for moderately complex funds and assist in resolving escalated discrepancies.
• Report and analyze fund revenues, expenses, profitability, and other key metrics.
• Work extensively with clients to communicate fund expense and performance information regarding moderately complex funds and answer questions about funds.
• Review fund data and monitor compliance with all regulatory, BNY Mellon, and client specifications.
• Collaborate with internal and external auditors to provide requested information of greater complexity.
• Compile and analyze fund performance data for inclusion in Board of Directors report materials.
• Review fund expense budgeting conducted by support staff.
• Provide guidance to less experienced team members as needed and contribute to the achievement of team objectives.

Qualifications

• Bachelor’s degree in accounting or the equivalent combination of education and experience is required.
• 3-5 years of total work experience preferred.
• Experience in accounting or fund administration preferred.
• No direct people leadership responsibilities.

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.

Equal Employment Opportunity

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

If hired, the employee will be in an “at will” position and the Company reserves the right to modify base salary (as well as any other discretionary payments or compensation programs) at any time, including for reasons related to individual performance, Company or individual department/team performance, and market factors.