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Associate, Cash Processing/Funds Transfer I

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BNY Mellon

16d ago

  • Job
    Full-time
    Mid Level
  • Accounting & Tax
    Banking & Finance
  • Pune

AI generated summary

  • You need a bachelor's in accounting or equivalent, 3+ years of experience preferred, and background in accounting or fund administration is a plus.
  • You will manage fund administration tasks, perform cash reconciliations, analyze fund metrics, resolve discrepancies, communicate with clients, and support audit requests and reporting activities.

Requirements

  • Bachelors degree in accounting or the equivalent combination of education and experience is required.
  • Min 3+ years of total work experience preferred.
  • Experience in accounting or fund administration preferred.

Responsibilities

  • Fund Administration - IC1
  • Performs a variety of fund administration activities, including expense allocation, budgeting, cash allocation, analysis of fund metrics and compliance.
  • Calculates daily fund position and cash reconciliations.
  • Resolves discrepancies and escalates issues to more senior colleagues.
  • Synthesizes, reports and assists in analyzing fund revenues, expenses, profitability and other key metrics.
  • Works with clients to communicate fund expense and performance information, and answers straightforward questions about funds.
  • Reviews fund data and monitors compliance with all regulatory, BNY and client specifications.
  • Works with internal and external auditors to provide requested information.
  • Compiles and assists in analyzing fund performance data for inclusion in Board of Directors report materials.
  • Reviews fund expense budgeting conducted by support staff.
  • No direct reports.
  • Contributes to the achievement of team objectives.

FAQs

What is the job title for this position?

The job title is Associate, Cash Processing/Funds Transfer I.

Where is this position located?

This position is located in Chennai, Tamil Nadu, in a hybrid work format.

What are the main responsibilities of this role?

The main responsibilities include performing various fund administration activities, calculating daily fund position and cash reconciliations, resolving discrepancies, assisting in analyzing fund revenues and expenses, and communicating with clients about fund performance.

What educational background is required for this position?

A Bachelor's degree in accounting or an equivalent combination of education and experience is required.

How many years of work experience are preferred for candidates?

A minimum of 3+ years of total work experience is preferred.

Is prior experience in accounting or fund administration necessary?

While it is preferred, prior experience in accounting or fund administration is not strictly required.

What type of reports will this role assist in compiling?

This role will assist in compiling fund performance data for inclusion in Board of Directors report materials.

Are there opportunities for career growth within this role?

Yes, the role contributes to team objectives and can provide opportunities for career growth within the organization.

What benefits does BNY Mellon offer to employees?

BNY Mellon offers competitive compensation, benefits, a strong culture of excellence, flexible global resources, generous paid leaves, and well-being programs.

Is BNY Mellon an equal opportunity employer?

Yes, BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer, welcoming underrepresented racial and ethnic groups, females, individuals with disabilities, and protected veterans.

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BNY Mellon

Consider Everything

Finance
Industry
10,001+
Employees
1784
Founded Year

Mission & Purpose

Established in 1784, BNY Mellon is America’s oldest bank and the first company listed on the New York Stock Exchange (NYSE: BK). Today, BNY Mellon powers capital markets around the world through comprehensive solutions that help clients manage and service their financial assets throughout the investment life cycle. BNY Mellon had $46.9 trillion in assets under custody and/or administration and $1.9 trillion in assets under management as of June 30, 2023. BNY Mellon has been named among Fortune’s World’s Most Admired Companies and Fast Company’s Best Workplaces for Innovators. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation.