BNY · 1 day ago
Fund Controller, Real Estate Funds
New York, NY
Full-time
Onsite
Director/Executive
$68K/yr - $179K/yr
10+ years expBNY is a leading global financial services company at the heart of the global financial system. They are seeking a Fund Controller to manage multiple Fund Accounting teams and oversee financial operations related to real estate funds.
Financial Services
Responsibilities
Direct multiple Fund Accounting teams responsible for conducting accounting services on behalf of a broad array of assigned clients including determining net asset values, calculating fund performance, allocating expenses, and preparing reports
Manage financial and human resources for the unit, ensuring assigned teams operate effectively to meet unit goals and objectives
Oversee processes and resource allocation in determining the net asset value (NAV) for assigned funds in multiple sectors for each measurement cycle
Manage relationships with a broad set of clients, resolving unique escalated issues related to fund calculations and accounting
Direct and prioritize processes that verify completeness and accuracy of disclosure in financial statements
Provide guidance to teams to ensure accounting records comply with departmental policies and procedures, resolving complex escalated issues
Evaluate GAAP and/or IFRS rules to determine the impact of new regulations on BNY Mellon fund accounting practices and develop strategies for implementation
Implement and assist in setting guidelines, policies, and priorities for drafting financial reports for clients to review fund performance, communicating complex accounting intricacies
Recruit, direct, motivate, and develop staff to maximize individual contributions, professional growth, and effective teamwork
Oversee relationships with auditors and clients to update financial reports ensuring accurate depiction of fund performance
Manage multiple Fund/Client Accounting teams primarily through subordinate managers and contribute to achieving multiple team objectives
Qualification
Required
Bachelor's degree in accounting or the equivalent combination of education and experience
Minimum 10 years of commercial real estate fund accounting and financial statement preparation/review leadership experience
Knowledge of GAAP, Investment Company, IFRS, and SEC rules applicable to commercial real estate investment funds
Ability to effectively lead collaborative teams, where team members may be located in different cities or countries
Working knowledge of joint venture waterfalls and partnership structures, including investor allocation
REIT experience
Preferred
Yardi/Investran/WDesk experience
Benefits
Generous paid leaves, including paid volunteer time
Access to flexible global resources and tools for your life’s journey
Company
BNY
For more than 240 years BNY has partnered alongside clients, using its expertise and platforms to help them operate more efficiently and accelerate growth.
10001+ employees
Funding
Current Stage
Late StageLeadership Team
Brian A. Ruane
CEO Government Securities Services & Global Client Management
Chris Kearns
CEO, Depositary Receipts
Recent News
PR Newswire
2024-11-01
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