Fund Accounting Associate II — Growth in Alternatives

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

Job summary

State Street Corporation in Quincy, MA is seeking a detail-focused professional to support fund accounting processes for complex investment transactions. You will handle daily fund activity, capital calls and distribution calculations, and prepare bank reconciliations and journal entries.

Collaborate with internal teams, manage workload to meet client deadlines, assist in quarterly fee calculations and waterfall allocations, and contribute to process improvements while upholding strong controls

Qualifications

• Must have a College diploma or university degree with concentration in Accounting, Finance or Economics.
• Working knowledge of Microsoft Excel/Word (knowledge of Bloomberg a plus).
• Overtime may be required.

Responsibilities

• Complete the daily processing and monitoring of fund activities
• Prepare capital call and distribution calculations; related notices to investors
• Prepare/Review periodic bank and cash reconciliations and post journal entries
• Prepare quarterly management fee calculations
• Preparation of waterfall calculations and capital account allocations
• Prepare fund trial balances and supporting workpapers.
• Assist the quarter-end book closing process
• Assist in managing internal workflow to ensure internal processing and client deadlines are met
• Work with other services departments to resolve errors/issues or to reconcile discrepancies
• Establish and maintain good working relationships with internal clients and colleagues
• Ensure all processes are in line with the SLA and elevate if necessary
• Participate in special client or internal projects as required
• Assist in new business setup and conversions; identify unusual or potentially suspicious activity and report per policy
• Ensure standard procedures and controls are adhered to
• Initiate, propose and implement improvements to enhance efficiencies and accuracy

Skills

Communication skills

Attention to detail

Analytical skills

Team player

Problem solving

Education

Accounting/Finance/Economics degree

Tools

Microsoft Excel

Microsoft Word

Bloomberg

Job description

State Street Corporation in Quincy, MA is seeking a detail-focused professional to support fund accounting processes for complex investment transactions. You will handle daily fund activity, capital calls and distribution calculations, and prepare bank reconciliations and journal entries.

Collaborate with internal teams, manage workload to meet client deadlines, assist in quarterly fee calculations and waterfall allocations, and contribute to process improvements while upholding strong controls