Alternative Ops Fund Accounting, Officer

State Street; Manila; On-site; PHP 1,000,000 - 1,600,000; Full time

Job summary

State Street is seeking an Officer to oversee NAV delivery and development across Alternatives. You will ensure review quality, product correctness, and team capability, aligning NAV outputs with complex fund structures and accounting standards.

The role emphasizes training, coaching, and developing staff, while upholding strict controls, procedures, and service standards in a global client environment.

Qualifications

• 4–7 years of alternatives operations or similar experience.
• Proven review and sign-off capability with strong judgment on issue escalation.
• Deep understanding of Private Markets fund structures, including LP/GP models, commitments, capital calls, distributions, and lifecycle events.
• Deep understanding of differences between Private Equity, Private Credit, and Real Estate.
• Strong expertise in distribution waterfalls and carried interest mechanics.
• Experience reviewing capital account rebalances and investor-level true-ups.
• Required experience in training, coaching, and developing staff.
• Preferred experience with Geneva and/or Investran.
• Degree in Accounting, Finance, or related field.

Responsibilities

• Review NAV deliverables and reconciliations prepared by staff.
• Act as escalation point for operational, technical, and client-related issues.
• Apply product and structural knowledge to challenge accounting treatments and assumptions.
• Provide technical guidance on allocation mechanics, including waterfalls and carried interest.
• Review capital account rebalances, true-ups, and post-event adjustments.
• Train, coach, and develop staff, including onboarding and upskilling.
• Ensure adherence to controls, procedures, and service standards.
• Support client discussions related to structures, allocations, and NAV outcomes.
• Identify recurring issues and drive corrective actions with AVPs.
• Contribute to standardization and continuous improvement initiatives.

Skills

Alternatives operations

NAV review

Staff development

Accounting knowledge

Escalation judgment

Education

Degree in Accounting, Finance, or related field

Tools

Geneva

Investran

Job description

Job Summary

The Officer role combines delivery oversight with people development responsibility and deep product expertise across Alternatives NAV operations. Officers are accountable for review quality, product correctness, and team capability, ensuring NAV outputs align with complex fund structures and accounting standards.

Key Responsibilities

• Review and sign off on NAV deliverables and reconciliations prepared by Senior Associates
• Act as escalation point for operational, technical, and client-related issues
• Apply deep product and structural knowledge to challenge accounting treatments and assumptions
• Provide technical guidance on complex allocation mechanics, including distribution waterfalls, preferred returns, catch-up, and carried interest
• Review and support capital account rebalances, true-ups, and post‑event adjustments
• Train, coach, and develop staff, including onboarding and technical upskilling
• Ensure consistent adherence to controls, procedures, and service standards
• Support complex client discussions related to structures, allocations, and NAV outcomes
• Identify recurring issues and drive corrective actions with AVPs
• Contribute to standardization and continuous improvement initiatives

Qualifications

• 4–7 years of alternatives operations or similar experience
• Proven review and sign‑off capability with strong judgment on issue escalation
• Deep understanding of Private Markets fund structures, including LP/GP models, commitments, capital calls, distributions, and lifecycle events
• Deep understanding of differences between Private Equity, Private Credit, and Real Estate
• Strong expertise in distribution waterfalls and carried interest mechanics
• Experience reviewing capital account rebalances and investor‑level true‑ups
• Required experience in training, coaching, and developing staff
• Preferred experience and working knowledge of Geneva and/or Investran
• Degree in Accounting, Finance, or a related field

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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Job ID: R-791313