Job Description

At BNY, our culture empowers you to grow and succeed. As a leading global financial services company at the center of the world's financial system we touch nearly 20% of the world's investible assets.



We continue to be a leader in the industry, awarded as a top home for innovators and for creating an inclusive workplace. Through our unique ideas and talents, together we help make money work for the world. This is what #LifeAtBNY is all about.

Job Summary

We're seeking an entry-level accountant to support bank loan position servicing within mutual funds. You will prepare the daily reconciliation processes and help manage lifecycle events for bank loans under the guidance of senior team members. The role involves hands-on work in Excel and operational platforms, close coordination with internal partners, and a strong focus on control, accuracy, and timeliness.



This position is based in Pittsburgh, PA, with an onsite expectation of 4+ days per week. The schedule runs Monday-Friday, 7:00 AM-4:00 PM ET.

Key Responsibilities

Assist with core lifecycle activities for bank loan positions within mutual funds:

o Process trade settlements and funding tasks


o Process daily interest accruals and tie back to the accounting system ledger


o Process paydowns, restructures, and amendments


o Process bank loan fees as per the sub-ledger or custody cash posting

Perform daily cash and position reconciliations across accounting systems, administrators/custodians, and sub-ledger data; add comments for breaks and assist in resolution or escalation. Prepare accounting system transaction loaders for basic journal entries and supporting schedules; ensure tie-outs and clear audit trails under standard procedures. Support month/quarter-end close activities: follow cutoff timelines, prepare variance explanations, and contribute to certifications and control attestations. Maintain checklists, SOPs, and control documentation related to loan lifecycle events, reconciliations, and NAV processes. Collaborate with Clients, Portfolio Management, NAV Operations, Custody, Loan Administration, Compliance, and Technology; communicate clearly and professionally. Track exceptions and assist in root-cause analyses; contribute ideas for process improvements, data quality checks, and simple automation (primarily in Excel and self-service tools). Support ad hoc requests, regulatory/audit inquiries, and change initiatives impacting bank loan workflows, systems, or reporting.

Qualifications

Bachelor's degree in Business, Accounting, Finance, Economics, or Mathematics 0-3 years of experience in fund accounting, investment operations, or a related field. Basic understanding of mutual fund accounting concepts under U.S. GAAP; willingness to learn bank loan mechanics and NAV principles. Foundational reconciliation skills (cash and positions); ability to follow procedures to research and clear breaks. Proficiency with Excel (formulas, pivot tables, lookups); eagerness to build advanced skills and maintain audit-ready workpapers. Exposure to Solvas is helpful; strong aptitude to learn new systems and workflows quickly. Strong attention to detail, organizational skills, and documentation discipline; ability to meet daily deadlines in a fast-paced environment. Clear and professional communication skills; collaborative, proactive, and receptive to feedback. CPA eligibility or interest in professional certification is a plus (not required).

Preferred Experience

Experience in asset servicing, mutual fund accounting, or securities operations Internships or co-ops in asset management a plus. Understanding of accounting principles and NAV concepts Experience with an accounting system software or applications Ability to develop strong and respectful working relationships

Why Join Us

Join a collaborative accounting and operations team supporting critical mutual fund processes. This role offers hands-on experience with bank loan lifecycle events, exposure to cross-functional investment operations, and opportunities to grow technical and analytical skills in a fast-paced environment.



At BNY, our culture speaks for itself. Here's a few of our awards:

America's Most Innovative Companies, Fortune, 2024*
World's Most Admired Companies, Fortune 2024*
Human Rights Campaign Foundation, Corporate Equality Index, 100% score, 2023-2024*
Best Places to Work for Disability Inclusion, Disability: IN - 100% score, 2023-2024*
"Most Just Companies", Just Capital and CNBC, 2024*
Dow Jones Sustainability Indices, Top performing company for Sustainability, 2024*
Bloomberg's Gender Equality Index (GEI), 2023*

Pay Rate Range

Min Pay Rate

Max Pay Rate

Currency

Unit

28 35 USD hourly

Additional Notes

Applications will be accepted on an ongoing basis.

This posting is for a contract assignment with Tundra Technical Solutions to provide services to Bank of New York (BNY). Please note that this is not a full-time employment opportunity. Candidates selected for this role will be engaged as contractors for the specified duration of the project. For any inquiries regarding the terms of the contract or engagement, please contact Tundra Technical Solutions directly.

Benefits Information

Optional benefits offering include medical, dental, vision and retirement benefits via Tundra Technical Solutions.