Fund Accounting & Administration, Officer

State Street; Hong Kong; On-site; HKD 600,000 - 900,000; Full time

Job summary

State Street is seeking a supervisory professional for its Private Equity Fund Services unit in Hong Kong. You will direct day-to-day accounting and administration for multiple client funds and engage with clients, investment professionals, auditors and lawyers.

You will review capital allocations, waterfalls, and financial work papers, ensure timely deliverables, and coordinate annual audits with external firms. Strong communication and leadership are essential.

Qualifications

• University degree in business-related field; accounting concentration preferred.
• At least 8 years accounting experience including 2–3 years in supervisory and financial reporting.
• Private equity/real estate industry experience is a plus.

Responsibilities

• Direct day-to-day accounting and administration for client funds.
• Coordinate with external auditors for annual audits and tax returns.
• Review partner capital allocations, waterfalls, and financial work papers.
• Ensure timely client deliverables and adherence to internal controls.
• Identify unusual transactions per policy and report as required.

Skills

Interpersonal skills

Communication

Team leadership

Education

Accounting degree

Tools

MS Excel

Job description

Who we are looking for

This supervisory position is within the Private Equity Fund Services business unit of the State Street Alternative Investment Services Group. Fund Administration Managers, Officers interact with all levels of professionals both internally and externally. Therefore, exceptional interpersonal and communication skills are required. Candidates must demonstrate initiative, be able to perform well under pressure and simultaneously handle multiple assignments. Fund Administration Managers are responsible to direct the day-to-day accounting and administration for several client sponsored investment funds.

What you will be responsible for :

• Client Engagement
  • Manage and maintain day-to-day communications with the clients
  • Manage communications with investment professionals, other client personnel, investors, attorneys, auditors, bankers etc.
  • Engage in the thorough review and understanding of investment fund legal documents, including complete understanding of partnership allocations and distribution waterfalls
• Service Delivery
  • Adhere to State Street Alternative Investment Solutions (AIS) strict internal control procedures.
  • Ensure monthly and quarterly client deliverables are meet
  • Display ability to performance variance analysis to explain significant movements from quarter to quarter.
  • Review quarterly and annual financial work papers including portfolio schedules, accruals, partner capital allocations and tax work paper packages.
  • During the course of normal day to day operation, responsible for identifying any unusual or potentially suspicious transaction activity and must report and/or escape in accordance with corporate policy and guidelines detailed in relevant operating procedures.
  • Review limited partnership agreements and offering memorandums and ensure compliance with operational and accounting procedures
  • Coordination of annual audit and tax return preparation with external accounting firms
• Service Quality
  • Undertake full review of calculation and verbiage on Limited Partner capital calls and distributions.
  • Undertake full review of accounting work paper packages, fees calculations, financial statements and other reports and communications to Limited Partners
  • Review quarterly management fee, waterfall, capital account calculations.
  • Manage internal workflow to ensure internal processing and client deadlines are met
• People Management
  • Demonstrate good management skills and the ability to work well with others, individually and within a group.
  • Assist with development and implementation of training all levels of accounting staff
  • Supervision of subordinate staff (including Associate 1, Associate 2 and Senior Staff)
• Other Responsibilities
  • Integrate new business/client onboarding
  • Coordinate and manage special client and corporate projects

Education & Preferred Qualifications

Candidate must have a university degree (business, mathematics, finance or economics preferred, accounting concentration a plus) and at least 8 years of accounting experience, including 2 to 3 years of supervisory and financial reporting experience is required. Specific experience in the private equity/real estate industry is a plus, but not required. Strong computer skills are required, especially Microsoft Office, particularly MS Excel.

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.

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