Senior Associate, Fund Accounting

Role Summary Conducts accounting services for assigned clients and complex Private Equity (PE) funds including determining net asset values (NAV), calculating fund performance, allocating expenses and preparing reports. Manages PE‑specific workflows such as capital calls and distributions, commitment tracking, investor‑level allocations (including side letters), carried interest/waterfall computations, and management/performance fee calculations. Drives service improvement and operational efficiency by enhancing processes, implementing methodology updates, and performing specialist review functions. Provides guidance and quality checks for junior team members’ work and serves as a subject matter resource on complex reconciliations and reporting. Impact Calculate NAV and fund performance metrics accurately and on time; validate inputs, models, and results, and resolve exceptions. Allocate fees and expenses in line with fund documents and accounting standards; prepare and review client reports and management information. Lead cash and asset reconciliations for complex accounts/transactions and resolve atypical breaks. Interact regularly with clients to address queries, explain fund reports, and resolve accounting process issues. Assists in evaluating GAAP and/or IFRS rules to determine impact of new regulations on BNY’s fund accounting practices; support updates to methodologies, controls, and documentation. Provide guidance to less experienced team members. Qualifications Bachelor’s degree in Accounting, or equivalent combination of education and experience is required. 5-7 years of relevant fund accounting experience preferred. Candidates with less experience may be considered for Associate-level roles. Familiarity with common PE structures (GP/LP, SPVs, co‑investments, feeders/masters) and fund lifecycle activities (vintages, extensions, wind‑downs). Proficiency with fund accounting systems and Excel; ability to analyze large data sets and reconcile complex transactions. Foundational AI literacy (prompting, verification, error detection), with a focus on responsible usage in financial workflows. Excellent communication skills with a client-service mindset; capable of drafting clear, accurate client reports and responding to inquiries. Experience at Big 4 accounting firm is preferred. Business-level proficiency in Japanese (written and spoken) is an advantage. Benefits Highly competitive compensation and wellbeing programs rooted in a strong culture of excellence. Flexible global resources and tools for personal and professional growth. Generous paid leaves, including paid volunteer time. Equal Employment Opportunity/Affirmative Action Employer – Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans. #J-18808-Ljbffr BNY