Fund Accounting & Administration, Officer

State Street; Sacramento (CA); On-site; USD 70,000 - 123,000; Full time

Benefits offered by this job

401K with company match

Health, dental, vision insurance

Paid time off

Job summary

State Street’s Private Credit team within IFS provides fund accounting and administration for hedge funds and private markets, delivering end-to-end solutions across the front-to-back office. The NAV role sits at the hub of delivering these services and collaborates daily with trade operations, investor services, custody, tax and financial reporting teams globally.

Join a team that values strong leadership, rigorous analysis, and effective client communication while supporting complex fee

Qualifications

• Bachelor’s degree in Accounting or Finance.
• 5–6 years of Private Market experience.
• Experience with alternative investment asset classes, complex fund structures and fee calculations desired.
• CPA qualification is favourable but not required.
• Experience with Investran or Geneva favourable but not required.

Responsibilities

• Assist in managing staff (including Associate 1 Associate 2 and Senior Associate Staff)
• Manage internal workflow and client deadlines
• Manage client relationships & liaising with client personnel on a daily basis
• Maintain good working relationship with all client contacts including investment professionals investors auditors lawyers and banking personnel
• Review quarterly and annual financial work paper packages including portfolio schedules accruals and partner capital allocations
• Review and/or prepare complex fee calculations management fees waterfall and capital account allocations etc.

Skills

Critical thinking

Problem solving

Decision making

Leadership

Communication

Time management

Prioritization

Initiative

Education

Bachelor’s degree in Accounting or Finance

CPA qualification favourable

Investran or Geneva familiarity favourable

Tools

Investran

Geneva

Job description

Who We Are Looking For

State Street is an industry leader in providing administrative fund services to both Hedge Fund and Private Market managers within our Alternative Investment Solutions business group. Our Private Credit (PC) team delivers customized service solutions for investment funds that have closed‑end structures and a variety of portfolio investments. This opportunity uniquely offers candidates the opportunity to service hybrid hedge and private credit products for industry leading asset managers. The PC NAV role is the hub in the delivery of administrative services. Employees interact daily with functional teams including; trade operations, investor services, custody, tax, and financial reporting locally and in globally diverse locations.

Why this role is important to us

The team you will be joining is a part of International Fund Services (IFS), acquired by State Street in July 2002. IFS, also known as Alternative Investment Solutions is a recognized industry‑leading provider of fund accounting, fund administration and risk services to Hedge Funds and Private Market Funds. These services are fully integrated to provide complete end‑to‑end solutions that span the front‑middle‑and back‑office requirements of institutional investors.

Join us if making your mark in the alternative investment industry from day one is a challenge you are up for.

What You Will Be Responsible For

• Assist in managing staff (including Associate 1 Associate 2 and Senior Associate Staff)
• Manage internal workflow and client deadlines
• Manage client relationships & liaising with client personnel on a daily basis
• Maintain good working relationship with all client contacts including investment professionals investors auditors lawyers and banking personnel
• Review quarterly and annual financial work paper packages including portfolio schedules accruals and partner capital allocations
• Review and/or prepare complex fee calculations management fees waterfall and capital account allocations etc.

What We Value

• Strong critical thinking, problem solving, and decision making skills
• An ability to be a leader within their team, as well as be a leader amongst your peers
• Strong communication, interpersonal, and organizational skills, which includes excellent time management and prioritization skills
• Candidates must demonstrate initiative, be able to perform well under pressure, and simultaneously handle multiple assignments
• Excellent administrative and organizational with the proven ability to multi‑task and to work efficiently to meet client deliverables
• Investran experience is preferred.

Education & Preferred Qualifications

• Bachelor’s degree in Accounting or Finance
• At least 5 to 6 years of Private Market experience
• Experience with alternative investment asset classes, complex fund structures and fee calculations desired
• Ability to thrive and function in a high pressure deadline driven environment
• CPA qualification is favourable but not required
• Experience with Investran or Geneva favorable but not required

Salary Range

$70,000 - $122,500 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.

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 advantageous 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-790691