Specialist- Fund Operations (Private Equity)

BNY; New York (NY); Hybrid; USD 75,000 - 110,000; Full time

Job summary

BNY Mellon seeks an Associate to join its private equity team in New York. The role combines accounting expertise with client service in a four‑day‑in‑office environment and a hybrid work approach.

You will contribute to NAV calculations, fund reporting, and process improvements while supporting ongoing client engagements. The successful candidate will have a accounting background with 2+ years of experience, offer guidance to junior staff, and participate in GAAP/IFRS considerations as part of

Qualifications

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

Responsibilities

• Conduct accounting services for assigned clients and moderately complex funds, including NAV determinations, fund performance calculations, expense allocations, and report preparation.
• Perform complex Fund/Client Accounting responsibilities to drive service improvements, improve efficiencies, and provide specialist review functions.
• Provide input into methodologies and review the work of more junior team members.
• Guide and review cash and asset reconciliations for complex accounts or transactions, resolving reconciliation issues for atypical transactions.
• Draft and review client reports on 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 IFRS rules for impact of new regulations on fund accounting practices.

Education

Bachelor’s Degree in Accounting or equivalent

2+ years of total work experience

Ability to guide less experienced team members

Job description

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.

Overview

We’re seeking a future team member for the role of Associate to join our private equity team. The position is located in New York (4 days in office expectation).

Responsibilities

• 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 Mellon fund accounting practices.

Qualifications

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

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.