Private Credit Fund Accounting & Administration, Officer

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

Job summary

State Street Corp in Boston is seeking a Fund Accounting & Administration Officer to join our Private Credit and Private Market support teams. You will lead workflow, manage staff, and ensure timely delivery of client work papers and schedules.

The role requires strong analytical and leadership skills, experience with private markets, and familiarity with fee calculations and capital allocations. CPA is favorable, and Investran or Geneva experience is preferred.

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.
• Ability to thrive and meet deadlines under pressure.
• CPA qualification is favorable.
• Investran or Geneva experience preferred.

Responsibilities

• Assist in managing staff and internal workflow to meet deadlines.
• Manage client relationships and liaise with client personnel daily.
• Maintain relationships with investment professionals, investors, auditors, lawyers, and banking personnel.
• Review quarterly and annual financial work papers, portfolio schedules, accruals, and capital allocations.
• Review and/or prepare complex fee calculations, management fees, waterfall, and capital accounts.
• Contribute to overall fund accounting and administration tasks.

Skills

Critical thinking

Problem solving

Decision making

Leadership

Communication

Interpersonal skills

Organizational skills

Time management

Prioritization

Investran experience

Education

Bachelor’s degree in Accounting or Finance

CPA qualification (favorable)

Tools

Investran

Geneva

Job description

Job DescriptionWho we are looking forState 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 usThe 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 forAs Fund Accounting & Administration, Officer you willAssist in managing staff (including Associate 1 Associate 2 and Senior Associate Staff)Manage internal workflow and client deadlinesManage client relationships & liaising with client personnel on a daily basisMaintain good working relationship with all client contacts including investment professionals investors auditors lawyers and banking personnelReview quarterly and annual financial work paper packages including portfolio schedules accruals and partner capital allocationsReview and/or prepare complex fee calculations management fees waterfall and capital account allocations etc.What we valueThese skills will help you succeed in this roleStrong critical thinking, problem solving, and decision making skillsAn ability to be a leader within their team, as well as be a leader amongst your peersStrong communication, interpersonal, and organizational skills, which includes excellent time management and prioritization skillsCandidates must demonstrate initiative, be able to perform well under pressure, and simultaneously handle multiple assignmentsExcellent administrative and organizational with the proven ability to multi-task and to work efficiently to meet client deliverablesInvestran experience is preferred.Education & Preferred QualificationsBachelor’s degree in Accounting or FinanceAt least 5 to 6 years of Private Market experienceExperience with alternative investment asset classes, complex fund structures and fee calculations desiredAbility to thrive and function in a high pressure deadline driven environmentCPA qualification is favourable but not requiredExperience with Investran or Geneva favourable but not requiredSalary Range:$70,000 - $122,500 AnnualThe 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 advantaged savings plans.For a full overview, visit https://hrportal.ehr.com/statestreet/Home .About State StreetAcross 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.Discover more information on jobs at StateStreet.com/careersRead our CEO StatementJob 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.