Alternative Ops Fund Accounting, Associate 2

State Street; Berwyn (PA); Presencial; USD 42.000 - 67.000; Jornada completa

Ventajas ofrecidas por este puesto de trabajo

401K with company match

Health insurance

Paid time off

Descripción de la vacante

State Street Corp is seeking an Associate 2 to support day-to-day fund and partnership accounting for a large Private Equity/Credit Fund. The role involves preparing reconciliations, journal entries, capital calls, and capital statements, along with cash movement monitoring and client communications.

You will interact with auditors and internal teams, contributing to end-to-end fund services. A degree in accounting and strong Excel skills are required, with experience in private equity

Formación

• Degree in accounting or related field.
• Advanced MS Excel skills.
• Attention to detail and strong organizational skills.

Responsabilidades

• Review and/or prepare daily position and cash reconciliations, research and resolve discrepancies.
• Prepare and process journal entries, maintain general ledger.
• Prepare capital calls and distribution allocation schedules.
• Prepare financial work papers including portfolio schedules, partners’ capital allocations and capital statements.
• Prepare process and monitor USD and non-USD cash movement.
• Prepare various client correspondence and related ad hoc correspondence.
• Interact with internal and external auditors providing requested information.

Conocimientos

Advanced MS Excel

Attention to detail

Time management

Educación

Degree in accounting or related field

Herramientas

Investran

Portfolio accounting platforms

Descripción del empleo

Who we are looking forWe are a team of dedicated accounting professionals who are passionate about delivering financial reporting and day-to-day accounting and administrative support to one of the largest Open-Ended Private Equity Funds. Join this growing team that is passionate about building innovative solutions to revolutionize how State Street services our customers.As a Associate 2 you will be responsible for the preparation, analysis and reporting of investment and fund performance data for a complex Private Equity/Credit Fund.Why this role is important to usThis Associate 2 position is within the Private Equity Fund Services Business Unit of the State Street Alternative Investment Services (AIS) group, a recognized industry-leading provider of fund accounting, fund administration and risk services to hedge funds and private equity/credit funds. The position will interact directly with external clients as well as State Street onshore and offshore teams, providing complete end-to-end solutions for a major Private Equity/Credit Investment Fund.Join us if you are up to the challenge of administrating a mega fund and look to grow with the team.Job DescriptionThis position handles the day-to-day fund & partnership accounting and related administration.Responsibilities· Review and/or prepare daily position and cash reconciliations, research and resolve discrepancies.· Prepare and process journal entries, maintain general ledger· Prepare capital calls and distribution allocation schedules· Prepare financial work papers including portfolio schedules partners’ capital allocations and capital statements.· Prepare process and monitoring USD and non-USD cash movement· Prepare various client correspondence and related ad hoc correspondence.· Interacts with internal and external auditors providing requested information to specific inquiries as needed.· Participate in special client or internal projectsQualifications· Degree in accounting or related field· Advanced MS Excel skills· Attention to detail· Time management· Experience with Investran a plus· Experience with investment/Portfolio accounting platforms a plus· Specific experience in the Private Equity industry preferred· Excellent administrative and organizational skills with demonstrated ability to multi-task and to work efficiently to meet client deliverables.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/careersSalary Range:$41,600 - $66,560 AnnualThe range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.Employees are eligible to participate in State Street’s comprehensive benefits program, which includes: our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; paid-time off including vacation, sick leave, short term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax advantaged savings plans.For a full overview, visit https://hrportal.ehr.com/statestreet/Home .About State StreetAcross 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.Discover more information on jobs at StateStreet.com/careersRead our CEO StatementJob Application Disclosure:It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.