Fund Accounting & Administration Officer for Private Credit

State Street; Boston (MA); On-site; USD 70,000 - 123,000; Full time

Benefits offered by this job

401K with company match

Health insurance

Paid time off

Employee Assistance Program

Incentive compensation

Tax-advantaged savings plans

Job summary

State Street is a leading provider of fund accounting and administration for Hedge Funds and Private Market funds. The Private Credit team delivers customized services for funds with closed-end structures and diverse investments.

This role sits in the PC NAV hub, coordinating with trade operations, investor services, custody, tax, and reporting globally. Massachusetts-based position includes full benefits and a strong focus on accuracy and deadlines.

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.
• Ability to thrive in a high pressure deadline driven environment.
• 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

Leadership

Communication

Time management

Multi-tasking

Problem solving

Initiative

Investran experience

Education

Bachelor’s degree in Accounting or Finance

CPA qualification is favourable

Tools

Investran

Geneva

Job description

State Street is a leading provider of fund accounting and administration for Hedge Funds and Private Market funds. The Private Credit team delivers customized services for funds with closed-end structures and diverse investments.

This role sits in the PC NAV hub, coordinating with trade operations, investor services, custody, tax, and reporting globally. Massachusetts-based position includes full benefits and a strong focus on accuracy and deadlines.