Job Description

Who we are:

BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries. As of Dec. 31, 2020, BNY Mellon had $41.1 trillion in assets under custody and/or administration, and $2.2 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.

Role description and opportunities:

This position is primarily supporting the BNY Mellon Asset Servicing line of business (LOB), the Banks largest business generating $4.5B in annual revenue. The larger team is responsible for revenue recognition accounting of the Banks Investment Services segment across multiple other LOBs generating $8B in annual revenue. This position includes accounting analysis, reconciliation, and revenue accrual journal entry responsibilities; however, most of the work is centered around analyzing client contracts and fee schedules, supporting systems development projects, and providing technical accounting support to our business partners. The successful candidate will have an opportunity to interact with LOB Relationship Management globally, Operations, Risk, and other Business Partners groups. The successful candidate will also have opportunities to engage in long-term billing system and other ad-hoc projects, ensuring the integrity of revenue recognition rules are maintained within the source system creation/enhancement process.

Key responsibilities include the following:

This role contributes to the accounting, finance, and control functions, and responsibilities include but are not limited to the following:

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* Completing core accounting activities such as originating and processing complex general ledger (G/L) transactions; performing intra-month and month-end accounting close processes; participating in G/L and ICFR/SOX controls audits; maintaining control procedures; fulfilling ad hoc requests in accordance with accounting process standards; and identifying and completing continuous process improvements.
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* Performing reconciliations of revenue related transactions between billing system data and G/L accounts or other financial data as necessary, and identifying, addressing and/or escalating issues, as needed. Reviewing and/or approving journal entries and/or reconciliations completed by less experienced team members for accuracy and clarity, as well as advising on improvements.
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* Researching and understanding the various LOB source systems and sub-ledger reports, including how systems and their related reports function and reconcile to the G/L. Understanding potential accounting improvement opportunities within these systems and working to proactively propose and implement improvement changes. Where source system reports are not available, investigate and create such reports using the Finance data lake.
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* Engaging in the ORMB system development and implementation project, supporting the development of functional specifications and system design, and participating in UAT testing.
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* Reviewing and understanding client contracts/fee schedules as necessary to evaluate the need for manual adjustments to systemically generated revenue accruals, including working with Relationship Managers to accomplish these objectives. Proactively elevating issues identified to Finance and line of business partners and proposing solutions to potential issues.
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* Supporting business, audit, SOX, Technical Accounting, and Finance partners to identify and aggregate accounting questions and research requests
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* Completing various training objectives to understand end to end business processes with accounting impacts and aggregate process flow to enhance knowledge base of the Asset Servicing line of business.
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* The person in this position is an individual contributor; there are no direct reports.

Qualifications

A successful candidate should ideally have these qualifications:

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* Bachelor's degree or equivalent combination of education and work experience required. Accounting concentration preferred.
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* MBA or CPA/CA/local area equivalent certification preferred.
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* 3-5 years of total work experience preferred.
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* Knowledge of GAAP and accounting and finance concepts and analysis techniques preferred, with special focus on revenue recognition rules under ASC 606.
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* Project management experience a plus.
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* Experience working with billing systems and accounts receivable a plus.
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* Strong data analysis, spreadsheet and technical skills are desirable.