BNY
Vice President, Real Estate Controller
Company:
BNY Mellon
Location:
New York, NY or Lake Mary, FL (4 days in office per week)
Job Description As the Controller for Real Estate Funds (Vice President), you will lead our alternative operations team, driving excellence in fund accounting and financial reporting across commercial real‑estate investment funds.
In this role, you’ll make an impact in the following ways:
Direct multiple fund accounting teams responsible for providing 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 to ensure teams operate effectively and meet unit goals and objectives.
Oversee processes and resource allocation in determining the 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/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 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.
To be successful in this role, we’re seeking the following:
Bachelor’s degree in accounting or equivalent 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, possibly located in different cities or countries.
Working knowledge of joint venture waterfalls and partnership structures, including investor allocation.
REIT experience.
Experience with Yardi, Investran, or WDesk preferred.
Benefits and Rewards BNY offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and a 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 help you reach your financial goals as a valued member of our team. Compensation includes generous paid leaves, including paid volunteer time, to support you and your family through moments that matter.
Compensation Base salary: $102,000 – $190,000 per year (subject to individual experience and market location). Additional compensation may include commission earnings, discretionary bonuses, short‑ and long‑term incentive packages, and company‑sponsored benefit programs.
Employment is at‑will. The company reserves the right to modify base salary (and any other discretionary payment or compensation) at any time.
Equal Employment Opportunity BNY is an Equal Employment Opportunity/Affirmative Action Employer – Underrepresented racial and ethnic groups, females, individuals with disabilities, protected veterans.
#J-18808-Ljbffr
BNY Mellon
Location:
New York, NY or Lake Mary, FL (4 days in office per week)
Job Description As the Controller for Real Estate Funds (Vice President), you will lead our alternative operations team, driving excellence in fund accounting and financial reporting across commercial real‑estate investment funds.
In this role, you’ll make an impact in the following ways:
Direct multiple fund accounting teams responsible for providing 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 to ensure teams operate effectively and meet unit goals and objectives.
Oversee processes and resource allocation in determining the 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/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 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.
To be successful in this role, we’re seeking the following:
Bachelor’s degree in accounting or equivalent 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, possibly located in different cities or countries.
Working knowledge of joint venture waterfalls and partnership structures, including investor allocation.
REIT experience.
Experience with Yardi, Investran, or WDesk preferred.
Benefits and Rewards BNY offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and a 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 help you reach your financial goals as a valued member of our team. Compensation includes generous paid leaves, including paid volunteer time, to support you and your family through moments that matter.
Compensation Base salary: $102,000 – $190,000 per year (subject to individual experience and market location). Additional compensation may include commission earnings, discretionary bonuses, short‑ and long‑term incentive packages, and company‑sponsored benefit programs.
Employment is at‑will. The company reserves the right to modify base salary (and any other discretionary payment or compensation) at any time.
Equal Employment Opportunity BNY is an Equal Employment Opportunity/Affirmative Action Employer – Underrepresented racial and ethnic groups, females, individuals with disabilities, protected veterans.
#J-18808-Ljbffr