Private Markets - Fund Accounting & Administration, Vice President

State Street; Montreal; On-site; CAD 150,000 - 210,000; Full time

Benefits offered by this job

Flexible Work Program

Volunteer days

Matching gifts

Employee networks

Job summary

State Street is seeking a Vice President in Private Markets - Fund Accounting & Administration to lead a growing team delivering accounting and administrative services for hedge fund and private equity clients.

You will oversee income allocations, fee calculations, capital events, and NAV reporting while driving onboarding of new funds and technology improvements. Strong English communication is required for international clients, with exposure to complex fund structures and governance.

Qualifications

• Bachelor’s degree in accounting or finance required.
• CPA qualification is favorable but not required.
• Experience with private equity and alternative investment asset classes is preferred.
• Strong written and spoken communication in English is mandatory for international clients.

Responsibilities

• Manage a growing team delivering accounting and administration for one or more alternative investment client relationships.
• Oversee allocation of income, fees, and capital events.
• Prepare and review monthly or quarterly net asset value reporting.
• Lead onboarding of client funds and launch of new funds.
• Design and champion technology to meet complex client reporting needs.

Skills

Attention to detail

Leadership

Communication

Time management

Education

Bachelor’s degree in accounting or finance

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

As Private Markets - Fund Accounting & Administration, VP you will:

• 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

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 10 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.
• Strong English written and spoken ability is mandatory to cover international client.

About State Street

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.

About State Street

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.

We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

End Date: November 30, 2026