Private Credit Fund Accounting and Administration, Associate 2

State Street; Boston (MA); On-site; USD 41,600 - 66,560; Full time

Job summary

State Street seeks an Associate in the Private Credit Fund Services team to handle accounting, financial reporting and administrative support for global real estate fund clients. You will maintain ledgers, prepare papers for statements, and analyze fund performance data to support distributions, capital calls and fee calculations.

The role emphasizes strong communication with internal/external clients and senior stakeholders, plus ability to multi-task and meet deliverables with precision within

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

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

Fund accounting

Public accounting experience

Communication skills

Organizational skills

Job description

Overview

Who we are looking for

An associate 2 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.

As an Associate you will be responsible for the preparation, analysis and reporting of investment and fund performance data for global Private Credit funds and affiliated entities.

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

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

About State Street

State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

Work, Live and Grow

We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You’ll have access to flexible Work Programs to help you match your needs. Our development programs and educational support will help you reach your full potential.

Inclusion, Diversity and Social Responsibility

We believe our employees’ diverse backgrounds, experiences and perspectives contribute to an inclusive environment where everyone can thrive. We welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and expression. We support communities through paid volunteer days, matching gift programs and employee networks that help you stay connected to what matters.

State Street is an equal opportunity and affirmative action employer.

Salary Range

• $41,600 - $66,560 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, including retirement savings plan, insurance coverage and paid time off among other offerings.