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.

• 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.

• 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.

• 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.