Private Credit, Fund Accounting & Administration, Senior Associate

State Street; Quincy (MA); On-site; USD 52,000 - 94,000; Full time

Job summary

State Street is seeking a detail-oriented fund accounting professional to join the Private Credit Fund Services team in Massachusetts. You will maintain ledgers, prepare statements and perform capital calls, distributions, and waterfall calculations for premier real estate fund clients.

This role involves analyzing fund performance data and collaborating with auditors, tax, and banking contacts to ensure accurate reporting.

Qualifications

• Fund accounting or Public Accounting experience.
• Experience leading verbal and written communications at senior levels with internal and external clients.
• Excellent administrative and organizational skills with ability to multi-task to meet client deliverables.

Responsibilities

• Maintaining the general ledger for various fund entities.
• Preparing supporting work papers for financial statements, portfolio schedules and capital account allocations.
• Analytical review of monthly/quarterly investment and fund performance data.
• Reviewing and/or preparing of capital calls, distributions and bank reconciliations.
• Preparing management, annual and incentive fee calculations.
• Preparing various client correspondences.
• Calculating waterfalls and capital account allocations.
• Special projects as requested.

Skills

Senior-level communication

Multi-tasking/organizational skills

Education

Fund accounting or Public Accounting experience

Job description

Who we are looking for

A leader within the Private Credit Fund Services business unit of the State Street Alternative Investment Services Group. We are a team of dedicated accounting professionals who are passionate about delivering financial reporting and day-to-day accounting and administrative support to premier real estate fund clients. Join this growing team that is passionate about building innovative solutions to revolutionize how State Street services our customers.

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.

What you will be responsible for

• Maintaining the general ledger for various fund entities

• Preparing supporting work papers for financial statements, portfolio schedules and capital account allocations

• Analytical review of monthly/quarterly investment and fund performance data

• Reviewing and/or preparing of capital calls, distributions and bank reconciliations

• Preparing management, annual and incentive fee calculations

• Preparing various client correspondences

• Calculating waterfalls and capital account allocations

• Special projects as requested

What we value

• Ensuring compliance with legal documents

• Maintaining working relationship with all client contacts, auditors, tax, lawyers and banking personnel

Education & Preferred Qualifications

• Fund accounting or Public Accounting experience

• Experience leading verbal and written communications at senior levels with internal and external clients

• Excellent administrative and organizational skills with demonstrated ability to multi-task and to work efficiently to meet client deliverables.

Salary Range:

$52,000 - $94,120 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 advantaged 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.