Derivatives & Collateral Ops Associate — Fund Accounting

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

Benefits offered by this job

401K with company match

Comprehensive insurance coverage

Paid time off

Job summary

State Street Corp in Quincy, MA, seeks bright, energetic individuals to join our fund accounting team. You will learn complex investment transactions, apply strict controls, and support end-to-end fund administration in a fast-paced environment.

The role emphasizes accuracy, teamwork and professional growth, with opportunities to interact with investment managers, auditors and banks, and to participate in client service and process improvements.

Qualifications

• College diploma or university degree with concentration in Accounting, Finance or Economics.
• Proficiency in Excel/Word; Bloomberg knowledge is a plus.

Responsibilities

• Complete daily processing and monitoring of fund activities.
• Prepare capital call and distribution calculations; related investor notices.
• Prepare/Review bank and cash reconciliations and post journal entries.
• Prepare quarterly management fee calculations.
• Prepare waterfall calculations and capital account allocations.
• Prepare fund trial balances and supporting workpapers.
• Assist with quarter-end book closing.

Skills

Attention to detail

Excellent communication

Team player

Analytical skills

Proactive problem solving

Education

Accounting/Finance/Economics degree

Tools

Microsoft Excel

Bloomberg (a plus)

Job description

State Street Corp in Quincy, MA, seeks bright, energetic individuals to join our fund accounting team. You will learn complex investment transactions, apply strict controls, and support end-to-end fund administration in a fast-paced environment.

The role emphasizes accuracy, teamwork and professional growth, with opportunities to interact with investment managers, auditors and banks, and to participate in client service and process improvements.