BNY
Vice President, Real Estate Controller
Location: New York or Los Angeles, CA (4 days in the office per week).
Job Description As a leading global financial services company, BNY leverages advanced technology to drive transformative solutions. We are looking for a future team member to join our alternative operations team as a Controller.
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.
Qualifications
Bachelor’s degree in accounting or an 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.
Yardi/Investran/WDesk experience preferred.
Benefits and Compensation BNY offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence. The base salary for this position is expected to be between $102,000 and $190,000 per year at the commencement of employment. Base salary, if hired, will be determined on an individualized basis and is only part of the total compensation package, which may include commission earnings, discretionary bonuses, short and long‑term incentive packages, and company‑sponsored benefit programs.
EEO Statement BNY is an Equal Employment Opportunity/Affirmative Action Employer – Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.
#J-18808-Ljbffr
Job Description As a leading global financial services company, BNY leverages advanced technology to drive transformative solutions. We are looking for a future team member to join our alternative operations team as a Controller.
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.
Qualifications
Bachelor’s degree in accounting or an 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.
Yardi/Investran/WDesk experience preferred.
Benefits and Compensation BNY offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence. The base salary for this position is expected to be between $102,000 and $190,000 per year at the commencement of employment. Base salary, if hired, will be determined on an individualized basis and is only part of the total compensation package, which may include commission earnings, discretionary bonuses, short and long‑term incentive packages, and company‑sponsored benefit programs.
EEO Statement BNY is an Equal Employment Opportunity/Affirmative Action Employer – Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.
#J-18808-Ljbffr