Alternative Ops Fund Accounting, AVP

State Street Corporation; Singapore; On-site; SGD 150,000 - 210,000; Full time

Job summary

State Street Corporation, a leader in Hedge Fund Services, seeks an AVP Client Services to oversee fund administration and accounting for multiple client funds. The role requires directing day-to-day processes, managing fee determinations, and ensuring timely financial reporting and NAV calculations.

The ideal candidate has 8–10 years in accounting with 3–4 years in management, and experience in private equity/private credit/hedge funds.

Qualifications

• 8–10 years of accounting experience
• 3–4 years of managerial experience required
• Experience in hybrid private equity/private credit/hedge fund industry is a must
• CPA/CFA is a plus
• Experience with Investran or Geneva is favorable but not required

Responsibilities

• Direct day-to-day accounting and administration for several client sponsored investment funds.
• Manage all aspects of fund administration including income allocations and fees as per waterfall provisions.
• Oversee preparation/review of financial statements, partner capital statements and NAV.
• Coordinate annual audit and tax return preparation with external accounting firms.
• Lead and mentor a team of fund accountants and monitor performance.
• Foster collaboration across teams and onboard existing funds/new funds.
• Respond to client queries and manage client expectations within deadlines.

Skills

Interpersonal skills

Communication skills

Initiative

Multi-tasking

Education

Accounting degree

Tools

MS Excel

Microsoft Office

Job description

Who we are looking for

This supervisory position is within Hedge Fund Services business unit of the State Street Alternative Investment Services Group. The candidate will 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. The candidate are responsible to direct the day-to-day accounting and administration for several client sponsored investment funds.

Why this role is important to us

The team you will be joining is a part of International Fund Services (IFS), acquired by State Street in July 2002. IFS, also known as Alternative Investment Solutions is a recognized industry-leading provider of fund accounting, fund administration and risk services to hedge funds and private equity funds. These services are fully integrated to provide complete end-to-end solutions that span the front-, middle- and back-office requirements of institutional investors. Join us if making your mark in the alternative investment industry from day one is a challenge you are up for.

What you will be responsible for

As Client Services , AVP you will Manage all aspects of fund administration, including 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. Oversee the day to day accounting functions, including preparation and review of financial statements, partner capital statements, and Net Asset Valuation (NAV). Review Limited Partnership Agreements (LPA) and offering memorandums and ensure compliance with operational and accounting procedures. Coordination of annual audit and tax return preparation with external accounting firms. Manage internal workflow to ensure internal processing and client deadlines are met. Manage client expectations with both designated client contacts and fund investors. Review and/or prepare of various client related correspondence. Maintain working relationship with all client contacts, including investment professionals, investors, auditors, lawyers and banking personnel. Act as escalation point for all client queries. Ensure adherence with internal policies and procedures and compliance with external governing regulations. 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. Lead and mentor a team of fund accountants. Manage team performance through regular and ongoing feedback, performance review, goal setting and development opportunities. Foster collaboration across teams to ensure seamless execution of fund administration services. Lead the onboarding of existing client funds and the launch of new funds. Participate in special client or internal projects as required.

What we value

These skills will help you succeed in this role Strong interpersonal skills, positive, can-do attitude, meticulous are essential. Strong computer skills are required, especially Microsoft Office, particularly MS Excel.

Education & Preferred Qualifications

Candidate must have a college degree (business, mathematics, finance or economics preferred, accounting concentration a plus) and at least 8-10 years of accounting experience, including 3 to 4 years of managerial experience is required. Specific experience in the hybrid private equity/private credit/ hedge industry is a must. Experience with Investran or Geneva favorable but not required. CPA/CFA is a plus.

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

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. Discover more information on jobs at StateStreet.com/careers

Read our CEO Statement

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.

Read our CEO Statement

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.