Senior Associate, Fund Accounting

BNY; New York (NY); On-site; USD 69,691 - 116,152; Full time

Job summary

BNY is seeking a Senior Associate to join our Fund Accounting team in Singapore. You will conduct accounting services for private equity funds, determine NAV, calculate fund performance, allocate expenses, and prepare client reports.

You will manage PE workflows such as capital calls, distributions, carried interest, and support GAAP/IFRS reviews, control quality, and interact with clients to explain reports and resolve issues. Prior Big 4 experience is preferred.

Qualifications

• Bachelor’s degree in Accounting or equivalent.
• 5–7 years’ fund accounting experience.
• Familiarity with PE structures and fund lifecycle.
• Proficiency with fund accounting systems and Excel.
• Foundational AI literacy with responsible usage.
• Excellent client-facing communication; Big 4 preferred.

Responsibilities

• Conducts accounting services for assigned clients and complex Private Equity funds including NAV, performance, expenses, and reports.
• Manages PE-specific workflows such as capital calls, distributions, and investments tracking.
• Drives process improvements and controls through methodology updates.
• Provides guidance and quality checks for junior team members.
• Interact with clients to explain reports and resolve inquiries.
• Support GAAP/IFRS rule evaluation and documentation updates.

Skills

Fund accounting

NAV calculation

GAAP/IFRS knowledge

Excel proficiency

Client communication

AI literacy

Big 4 experience

Japanese language (business)

Education

Bachelor’s degree in Accounting

Tools

Fund accounting software

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 and champions of inclusion, 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’re seeking a future team member for the role of Senior Associate to join our Fund accounting team. This role is located in Singapore.

Role Summary

• Conducts accounting services for assigned clients and complex Private Equity (PE) funds including determining net asset values (NAV), calculating fund performance, allocating expenses and preparing reports.
• Manages PE-specific workflows such as capital calls and distributions, commitment tracking, investor-level allocations (including side letters), carried interest/waterfall computations, and management/performance fee calculations.
• Drives service improvement and operational efficiency by enhancing processes, implementing methodology updates, and performing specialist review functions.
• Provides guidance and quality checks for junior team members’ work and serves as a subject matter resource on complex reconciliations and reporting.

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

• Calculate NAV and fund performance metrics accurately and on time; validate inputs, models, and results, and resolve exceptions.
• Allocate fees and expenses in line with fund documents and accounting standards; prepare and review client reports and management information.
• Lead cash and asset reconciliations for complex accounts/transactions and resolve atypical breaks.
• Interact regularly with clients to address queries, explain fund reports, and resolve accounting process issues.
• Assists in evaluating GAAP and/or IFRS rules to determine impact of new regulations on BNY’s fund accounting practices; support updates to methodologies, controls, and documentation.
• Provide guidance to less experienced team members

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

• Bachelor’s degree in Accounting, or equivalent combination of education and experience is required.
• 5-7 years of relevant fund accounting experience preferred. Candidates with less experience may be considered for Associate-level roles.
• Familiarity with common PE structures (GP/LP, SPVs, co-investments, feeders/masters) and fund lifecycle activities (vintages, extensions, wind-downs).
• Proficiency with fund accounting systems and Excel; ability to analyze large data sets and reconcile complex transactions.
• Foundational AI literacy (prompting, verification, error detection), with a focus on responsible usage in financial workflows.
• Excellent communication skills with a client-service mindset; capable of drafting clear, accurate client reports and responding to inquiries.
• Experience at Big 4 accounting firm is preferred.
• Business-level proficiency in Japanese (written and spoken) is an advantage.

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

Awards and recognitions

• 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.