Alternatives Fund Accounting Specialist

State Street; Sacramento (CA); On-site; USD 42,000 - 67,000; Full time

Benefits offered by this job

401K with company match

Medical, dental, vision insurance

Paid time off

Job summary

State Street is seeking candidates for an investment fund accounting role focused on daily processing and monitoring of fund activities in a fast-paced environment. The position involves capital call and distribution calculations, cash reconciliations, and journal entries, with exposure to waterfall allocations and quarterly closes.

You will collaborate with multiple service departments to resolve issues, maintain internal SLA adherence, and participate in special projects.

Qualifications

• Must have a college diploma or university degree in Accounting, Finance or Economics.
• Working knowledge of Microsoft Excel/Word (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.
• Work with other services departments to resolve errors/discrepancies and reconcile.
• Establish and maintain good working relationships with internal clients and colleagues.
• Ensure all processes are in line with the SLA and escape if necessary.
• Participate in special client or internal projects as required.
• Assist in new business setup and conversions.

Skills

Excel

Attention to detail

Communication

Team player

Education

College diploma or university degree in Accounting, Finance or Economics

Tools

Bloomberg

Microsoft Word

Job description

State Street is seeking candidates for an investment fund accounting role focused on daily processing and monitoring of fund activities in a fast-paced environment. The position involves capital call and distribution calculations, cash reconciliations, and journal entries, with exposure to waterfall allocations and quarterly closes.

You will collaborate with multiple service departments to resolve issues, maintain internal SLA adherence, and participate in special projects.