Fund Accounting & Administration, Officer

State Street; Princeton (NJ); On-site; USD 90,000 - 130,000; Full time

Job summary

State Street in Princeton, NJ seeks a senior fund accounting supervisor to lead accounting and administrative services for multiple client relationships. You will supervise staff at Associate levels and coordinate with global teams to deliver accurate NAV reporting and financial statements.

You will review fund level P&L, ensure GAAP compliance, onboard new funds, and manage audits while maintaining high client satisfaction and adherence to internal controls.

Qualifications

• Requires strong Excel and Outlook proficiency.
• Excellent communication and organizational skills are essential.
• Ability to analyze complex fund accounting issues and provide timely solutions.

Responsibilities

• Supervise all subordinate staff levels (Associate 1/2, Senior Associate) and review their work.
• Manage day-to-day delivery of accounting and administrative services for client relationships across global locations.
• Oversee fund-level accounting for diverse assets and ensure US GAAP reporting and compliance.

Skills

Excel

Outlook

Communication

Organization

Analytical

Education

Bachelor’s degree in Accounting or Finance

Job description

• Supervision of all subordinate staff levels including Associate 1, Associate 2 and Senior Associates.


• Manage the day to day delivery of accounting and administrative services for one or more client relationships by liaising with different functional teams spread across multiple global service locations


• Supervise and review the portfolio and fund level accounting for numerous funds. Asset classes can include; equities, fixed income, derivatives, and private investments.


• Review limited partnership agreements and offering memorandums and ensure compliance with operational and accounting procedures.


• Manage the planning, preparation, and execution of weekly and/or monthly net asset value reporting cycle in accordance with US GAAP.


• Ensure all client queries and requests are attended to in a timely matter and delegated or escalated appropriately.


• Demonstrate an unrelenting commitment to client satisfaction


• Support the onboarding of existing client funds and the launch of new funds.


• Ensure adherence with internal policies and procedures and compliance with external governing regulations.


• Coordinate all external audit requests, and requirements from financial reporting, tax, compliance, risk and regulatory reporting as required.


• Involved in all areas of talent management including; hiring, training, supervision, and delivery of performance reviews.


• Meet all requirements for the performance planning process including goal setting, regular and immediate feedback and submission of formalized performance appraisals.


• Contribute to working groups within the organization to improve our processes.


• Participate in special client or internal projects as required.

Qualifications

• Bachelor’s degree in Accounting or Finance


• Minimum 5 years of experience in the financial services industry preferably within a hedge fund accounting role, including 1-2 years of supervisory experience is required


• Demonstrate and understanding of fund level profit & loss characteristics and its implications on investor allocations for various complex fund structures.


• Proficiency in Microsoft Outlook & Excel in required


• Strong interpersonal skills, highly effective communication and organization skills


• Ability to thrive and function in a deadline driven environment


• Ability to understand and troubleshoot complex fund accounting problems and use analytical skills to resolve issues in a timely manner

CPA qualification is favorable but not required

Salary Range

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.

Benefits

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 Street

Across 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.

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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.

Job ID: R-795001