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Intermediate Representative, Cash Processing/Funds Transfer

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BNY Mellon

13d ago

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

AI generated summary

  • You need a bachelor's in accounting or equivalent education/experience, and 0-3 years in work experience, preferably in accounting or fund administration.
  • You will administer funds, reconcile cash, analyze metrics, assist clients, ensure compliance, collaborate with auditors, and support fund performance reporting.

Requirements

  • Bachelors degree in accounting or the equivalent combination of education and experience is required.
  • 0-3 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 Intermediate Representative, Cash Processing/Funds Transfer.

Where is this position located?

This position is located in Pune, Maharashtra, and is hybrid.

What are the main responsibilities of this role?

The main responsibilities include fund administration activities, daily fund position calculations, cash reconciliations, resolving discrepancies, synthesizing and reporting fund metrics, and ensuring compliance with regulations.

What qualifications are required for this position?

A bachelor's degree in accounting or an equivalent combination of education and experience is required, along with 0-3 years of total work experience preferred.

Is previous experience in fund administration necessary?

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

Are there any direct reports in this role?

No, this position has no direct reports.

What is the company's stance on diversity and inclusion?

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

What kind of benefits does BNY offer?

BNY offers highly competitive compensation, benefits, and well-being programs, including flexible resources, generous paid leaves, and paid volunteer time.

How does BNY promote employee growth and development?

BNY promotes employee growth and success through a culture that empowers individuals to bring their unique perspectives and create solutions that benefit clients and communities.

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.