Fund Accounting & Administration, Associate 2

1028 Int'l Fund Services, NA LLC; Princeton (NJ); On-site; USD 42,000 - 67,000; Full time

Benefits offered by this job

401K with company match

Health insurance

Paid time off

Employee Assistance Program

Performance-based incentives

Job summary

State Street Corp is seeking an Associate 2 in Fund Accounting & Administration to engage with clients and internal teams to resolve issues, answer inquiries and help prepare monthly NAV in line with SLAs. The role supports offshore teams in producing client monthly and quarterly reporting per GAAP requirements.

You will resolve routine problems, maintain documentation, and escalate complex issues while contributing to process improvements and risk controls.

Qualifications

• Bachelor’s degree or equivalent work experience in a related field.
• 1-2 years of experience in alternative/fund accounting or related experience.
• Knowledge and proficiency with Fund Accounting.
• Excellent computer knowledge and proficient with Microsoft Office Suite (Outlook, Excel, Word, PowerPoint).

Responsibilities

• Resolve routine problems using own initiative and escape complex issues as needed
• Conduct self-review for completed activities and review completed activities for A1s
• Maintain relevant documentation for assigned activities
• Perform research and resolution on exception items; elevate unresolved issues to management as needed
• Proactively share new ideas to support process improvement and changes to team processes
• Deliver services in accordance with Standard Operating Procedures and ensure that assigned work is performed to meet internal standards
• Primary operational day to day contact for clients as required
• Manage own development by engaging in the PPR process, seeking feedback from others and attending mandated and relevant training
• Identify and report all risk and compliance issues, breaches and suspicious activities Act in accordance with Risk Excellence as part of our Way Ahead foundation
• Perform other duties as required

Skills

Problem solving

Communication

Time management

Organizational skills

Fund accounting knowledge

Education

Bachelor’s degree or equivalent work experience in a related field

Fund accounting knowledge (preferred)

Tools

Microsoft Office Suite

Job description

Who we are looking for

Fund Accounting & Administration, Associate 2 is responsible for engaging with clients and other State Street teams to resolve issues, answer inquiries and process comments while working towards readying monthly NAV to ensure client satisfaction is met through adherence to SLAs. You will also help assist with the activities of offshore teams to produce and/or review client monthly, quarterly, reporting as per GAAP requirements.

Responsibilities

• Resolve routine problems using own initiative and escape complex issues as needed
• Conduct self-review for completed activities and review completed activities for A1s
• Maintain relevant documentation for assigned activities
• Perform research and resolution on exception items; elevate unresolved issues to management as needed
• Proactively share new ideas to support process improvement and changes to team processes
• Deliver services in accordance with Standard Operating Procedures and ensure that assigned work is performed to meet internal standards
• Primary operational day to day contact for clients as required
• Manage own development by engaging in the PPR process, seeking feedback from others and attending mandated and relevant training
• Identify and report all risk and compliance issues, breaches and suspicious activities Act in accordance with Risk Excellence as part of our Way Ahead foundation
• Perform other duties as required

What we value

These skills will help you succeed in this role:

• Works co-operatively with others to achieve team goals.
• Strong critical thinking, problem solving, and decision making skills
• Strong communication, interpersonal, and organizational skills, which includes time management and prioritization skills

Education & Preferred Qualifications

Bachelor’s degree or equivalent work experience in a related field.

1-2 years of experience in alternative/fund accounting or related experience

Knowledge and proficiency with Fund Accounting

Excellent computer knowledge and proficient with Microsoft Office Suite (Outlook, Excel, Word, PowerPoint).

About State Street

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 by location, but you may expect generous medical care, insurance and savings plans, among other perks. You’ll have access to flexible Work Programs 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 perspectives 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 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 programs 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/careers

Salary Range

Salary Range: $41,600 - $66,560 Annual The 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.

Employee Benefits

• 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.

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.

Job 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.