Alternatives Fund Accounting Associate

State Street Corp; Boston (MA); On-site; USD 42,000 - 67,000; Full time

Job summary

State Street Corp in Boston is seeking a Fund Accountant to join the Alternatives team. You will perform daily processing and monitoring of fund activities, prepare capital call and distribution calculations, and support quarterly fee calculations and reconciliations.

You will work with investment managers, auditors and banks, maintain internal controls, and participate in special projects while continuing your professional development through State Street training sessions.

Qualifications

• College diploma or university degree in Accounting, Finance or Economics.
• Working knowledge of Microsoft Excel/Word (knowledge of Bloomberg a plus).
• Overtime may be required.

Responsibilities

• Complete the daily processing and monitoring of fund activities
• Prepare capital call and distribution calculations; related notices to investors
• Prepare/Review periodic bank and cash reconciliations and post journal entries
• Prepare quarterly management fee calculations
• Preparation of waterfall calculations and capital account allocations
• Prepare fund trial balances and supporting workpapers.
• Assist the quarter-end book closing process
• Assist in managing internal workflow to ensure internal processing and client deadlines are met
• Liaise with investment managers, auditors and banks
• Ongoing personal education and development by attendance of State Street training sessions.

Skills

Excellent communication

Strong attention to detail

Analytical skills

Team player

Education

College diploma or university degree in Accounting, Finance or Economics

Tools

Microsoft Excel/Word

Bloomberg

Job description

State Street Corp in Boston is seeking a Fund Accountant to join the Alternatives team. You will perform daily processing and monitoring of fund activities, prepare capital call and distribution calculations, and support quarterly fee calculations and reconciliations.

You will work with investment managers, auditors and banks, maintain internal controls, and participate in special projects while continuing your professional development through State Street training sessions.