Fund Accounting & Ops Associate, Alternatives

State Street; Berwyn (PA); On-site; USD 42,000 - 67,000; Full time

Benefits offered by this job

401K with company match

Medical, dental, vision insurance

Paid time off incl. vacation and sick

Employee Assistance Program

Incentive compensation program

Tax-advantaged savings plans

Job summary

State Street is seeking motivated individuals to join our Alternatives fund accounting and administration team. You will process daily fund activities, prepare capital calls, reconciliations, and waterfall calculations, and support quarter-end close with meticulous attention to accuracy.

Role requires a college degree in accounting/finance/economics and strong Excel/Word skills; Bloomberg knowledge is a plus.

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 escalated, if necessary
• Participate in special client or internal projects as required
• Assist in new business setup and conversions
• During the course of normal day to day operation, responsible for identifying any unusual or potentially suspicious transaction activity and must report and/or escalated in accordance with corporate policy and guidelines detailed in relevant operating procedures
• Ensure standard procedures and controls are adhered to
• Initiate, propose and implement improvements to enhance efficiencies and accuracy when see fit
• Liaise with investment managers, auditors and banks
• Ongoing personal education and development by attendance of State Street training sessions

Skills

Excellent communication

Team player

Attention to detail

Analytical skills

Problem solving

Decisive

Strong work ethic

Can-do attitude

Self-motivated

Education

College diploma or university degree (Accounting/Finance/Economics)

Tools

Microsoft Excel

Microsoft Word

Bloomberg (a plus)

Job description

State Street is seeking motivated individuals to join our Alternatives fund accounting and administration team. You will process daily fund activities, prepare capital calls, reconciliations, and waterfall calculations, and support quarter-end close with meticulous attention to accuracy.

Role requires a college degree in accounting/finance/economics and strong Excel/Word skills; Bloomberg knowledge is a plus.