Hedge Fund Accounting and Administration, AVP

State Street; Les Îles-de-la-Madeleine; On-site; CAD 60,000 - 100,000; Full time

Job summary

Join an industry leader in financial services where you'll manage a team delivering essential accounting and administrative services. This role offers the chance to work with alternative investment products, ensuring compliance and client satisfaction while driving innovative solutions. You'll be part of a dynamic environment that values diversity and inclusion, with opportunities for personal and professional growth. If you're ready to make your mark in the financial sector and thrive under pressure, this position is perfect for you.

Benefits

Generous Medical Care

Insurance Plans

Savings Plans

Flexible Work Program

Development Programs

Educational Support

Paid Volunteer Days

Matching Gift Program

Qualifications

• 5-6 years of Private Equity experience required.
• Strong communication and management skills are essential.

Responsibilities

• Manage a team delivering accounting and administrative services.
• Oversee income allocation and processing capital events.
• Lead onboarding of client funds and ensure client satisfaction.

Skills

Critical Thinking

Problem Solving

Decision Making

Interpersonal Skills

Attention to Detail

Time Management

Education

Bachelor's degree in Accounting

Bachelor's degree in Finance

CPA qualification

Tools

Investran

Geneva

Job description

Who we are looking for

State Street is an industry leader in providing administrative fund services to both Hedge Fund and Private Equity managers within our Alternative Investment Solutions business group. Our PE team delivers customized service solutions for investment funds that have closed end structures and a variety of portfolio investments. This opportunity uniquely offers candidates the opportunity to service hybrid hedge and private equity products for industry leading asset managers. The PE NAV role is the hub in the delivery of administrative services. Employees interact daily with functional teams including trade operations, investor services, custody, tax, and financial reporting locally and in globally diverse locations.

Why this role is important to us

The team you will be joining is a part of State Street Global Services (SSGS). SSGS gives asset owners and managers access to the essential financial tools they need to deliver effective investment solutions. From core custody, accounting, fund administration and shareholder recordkeeping, to complete operations solutions and servicing for alternative assets like OTC derivatives, private equity and real estate, SSGS’ tools help our clients make better investment choices and act on growth opportunities.

Join us if making your mark in the financial services industry from day one is a challenge you are up for.

What you will be responsible for

• Manage a growing team of financial services professionals in the production and delivery of accounting and administrative services for one or more alternative investment client relationships.
• Primarily responsible for the allocation of income to investors, determination of management and incentive fees in accordance with the waterfall provisions, and processing capital events such as capital calls and distributions.
• Responsible for the portfolio and fund level accounting for numerous funds including the review and approval of monthly or quarterly net asset value reporting.
• Lead the onboarding of existing client funds and the launch of new funds.
• Demonstrate an unrelenting commitment to client satisfaction.
• Ensure adherence with internal policies and procedures and compliance with external governing regulations.
• Design and champion technology solutions to address the complex reporting and data requirements of clients.
• Proactively identify and participate in cross-sell opportunities.
• Participate in strategic working groups within the organization to improve processes and our operating model.
• Recruit, hire, train, motivate, and develop staff to realize their full potential.

What we value

These skills will help you succeed in this role.

• Strong critical thinking, problem solving, and decision-making skills.
• Good interpersonal skills.
• Attention to detail.
• Effective time management.

Education & Preferred Qualifications

• Bachelor’s degree in accounting or finance.
• At least 5 to 6 years of Private Equity experience.
• Experience with alternative investment asset classes, complex fund structures and fee calculations desired.
• Highly effective communication and management skills.
• Ability to thrive and function in a high-pressure deadline driven environment.
• CPA qualification is favorable but not required.
• Experience with Investran or Geneva favorable but not required.

About State Street

What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary in locations, but you may expect generous medical care, insurance and savings plans among other perks. You’ll have access to flexible Work Program to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.

Inclusion, Diversity and Social Responsibility. We truly believe our employees’ diverse backgrounds, experiences and perspective are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome the candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift program and access to employee networks that help you stay connected to what matters to you.

State Street is an equal opportunity and affirmative action employer.

Discover more at StateStreet.com/careers.