Director, Fund/Client Accounting Manager - Account & Administration Oversight
BNY · Frankfurt, Germany · 6mo ago
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We are seeking a new member for the role of Director, Fund/Client Accounting Manager to join our German Fund Administration Team in Frankfurt.
As we expand our German capabilities, we are seeking a Director to lead our fund accounting teams across German Special Funds and Retail Funds, and to oversee IFRS accounting and reporting (including Pillar II) for a new client. This senior leader will shape the operating model, deliver client‑grade outcomes, and build a high‑performing culture aligned with BNY’s principles—Be Client Obsessed, Spark Progress, Own It, Stay Curious, and Thrive Together.
The Director will lead a multi‑team function responsible for daily NAV production and release for German Retail Funds and Special Funds, and for IFRS accounting and reporting across designated funds/mandates. The role owns financial and human resources for the function, sets strategy, and ensures robust risk and control frameworks, migration readiness, and regulator‑grade evidence. This role partners closely with Client Coverage, Product, Middle Office, Transfer Agency, Custody/Depositaries, Operational Tax, Risk/Compliance, Technology, and External Auditors.
In this role, you’ll make an impact in the following ways:
- Lead the BNY Fund Accounting Operations organization for BNY` strategically significant client: Provide strategic and day‑to‑day leadership to high‑performing teams responsible for NAV production, pricing, controls, and client deliverables for a major global client.
- Act as EMEA Fund Accounting Operations owner for single client: Build strong relationships with senior client stakeholders, influence decision‑making, and ensure delivery of a consistently excellent service experience.
- Exceptional client‑facing capability Demonstrated success influencing senior client stakeholders, managing complex discussions, and navigating competing priorities.
- Serve as senior escalation point for complex issues Provide direction on break resolution, valuation challenges, and client‑impacting incidents, ensuring timely and transparent communication.
- Develop and execute the functional strategy for German fund accounting (Retail & Special Funds) and IFRS accounting/reporting; set goals, KPIs/SLAs, and accountability mechanisms.
- Own end‑to‑end daily NAV production and release; govern price validation, exception management, depositary confirmations, and distribution windows (T/T+1).
- Oversee Transfer Agency integration: cap‑stock pre‑advices, TA to FA interfaces (SFTP/API), cut‑offs, and unit reconciliations; enforce zero‑NAV safeguards for full share‑class redemptions.
- Manage German market specifics: swing pricing thresholds/factors, stressed regimes, redemption fees/gates, notice periods, share‑class divergence controls.
- Lead IFRS accounting specific processes for daily, monthly and annual processes while ensuring timely receipt, processing, and system integration of data
- Promote connectivity and automation with external managers/custodians; reduce manual channels; monitor transmission quality and completeness.
- Own financial and human resource planning: workforce sizing, talent acquisition, skilling plans, succession, and budget management.
- Sponsor continuous improvement: automation, data quality, controls uplift, and incident prevention; lead post‑cycle reviews and remediation roadmaps.
- Control‑focused mindset with strong analytical capability Ability to interpret data, identify trends, and implement sustainable solutions in a risk‑sensitive environment.
- Self‑starter with strong ownership mentality Able to operate independently while knowing when to escalate or collaborate
- Foster a culture consistent with BNY principles; mentor leaders (SVP/VP) and teams; drive inclusion, engagement, and performance.
- Champion automation and digital transformation Promote adoption of digital tools, data‑driven solutions and AI‑enabled capabilities to reduce manual touchpoints and enhance operational resilience.
- Lead a proactive control framework with daily oversight checks, aging/materiality‑based escalations, incident management, and monthly KPI packs.
- Oversee change/events: mergers, liquidations, master‑feeder flows, in‑specie transfers, write‑offs, intercompany activity; ensure post‑event reconciliations
- Lead onboarding, conversions, and product launch activity: Lead operating model design and cutover governance from SLD to BAU for German Retail and Special Funds, and IFRS; ensure readiness sign‑offs and clean hand‑offs. Oversee operational readiness for new funds, complex product structures, and client‑driven change initiatives.
To be successful in this role, we’re seeking the following:
- Bachelor’s or master’s degree in accounting, Finance, or related field; professional qualifications a plus.
- 10–15 years of total experience with 5–7 years in management leading fund accounting and/or IFRS reporting teams.
- Deep expertise in German Retail Funds (UCITS/KAGB/KARBV) and Special Funds (InvStG/Chapter 2/3) operating models and controls.
- Strong IFRS technical knowledge (IFRS 9/7/13) and Pillar II reporting exposure; experience aligning IFRS and HGB.
- Fluency in German and English; excellent stakeholder engagement with depositaries, auditors, and regulators.
- Hands‑on with reconciliation tooling, data interfaces (SFTP/API), WM Daten, pricing vendors, and incident management.
- Proven success leading migrations/transitions and building high‑performing teams in complex environments.
- Experience managing and influencing key internal senior stakeholders
- Direct client management experience
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BNY offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and our 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 reach your financial goals as a valued member of our team, along with generous paid leaves, including paid volunteer time, that can support you and your family through moments that matter.
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