Private Equity Fund Accounting & Administration, Officer

State Street Corporation; Boston (MA); On-site; USD 110,000 - 150,000; Full time

Job summary

State Street Corporation in Boston seeks a Fund Accounting & Administration Officer to oversee staff, manage client deadlines, and support private equity and hedge fund clients with daily financial deliverables.

You will review quarterly/annual work papers, financial statements, fees, and capital allocations, coordinating audits and liaising with investors, auditors, and bankers to ensure accurate reporting.

Qualifications

• Bachelor’s degree in Accounting or Finance required.
• At least 5 to 6 years of Private Equity experience.
• Experience with alternative investment asset classes, complex fund structures and fee calculations.
• CPA qualification is favourable but not required.
• Investran or Geneva experience is preferred.

Responsibilities

• Supervise staff and manage internal workflow and client deadlines.
• Maintain relationships with client contacts including investment professionals, investors, auditors, lawyers, and banking personnel.
• Review quarterly and annual financial work paper packages including portfolio schedules, accruals and partner capital allocations.
• Review quarterly and annual financial statements and footnotes and coordinating annual audits.
• Review and/or prepare complex fee calculations, management fees, waterfall and capital account allocations.

Skills

Leadership

Communication

Time management

Multi-tasking

Client relations

Education

Bachelor’s degree in Accounting or Finance

CPA qualification favourable

Tools

Investran

Geneva

Job description

Who we are looking forState Street is an industry leader in providing administrative fund services to both Hedge Fund and Private Equity managers within our Alternative Investment Solutions business group. Our PE 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 equity products for industry leading asset managers. The PE 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 State Street Global Services (SSGS). SSGS gives asset owners and managers access to the essential financial tools they need to deliver effective investment solutions. From core custody, accounting, fund administration and shareholder recordkeeping, to complete operations solutions and servicing for alternative assets like OTC derivatives, private equity and real estate, SSGS’ tools help our clients make better investment choices and act on growth opportunities.Join us if making your mark in the financial services industry from day one is a challenge you are up for.What you will be responsible forAs Fund Accounting & Administration, Officer you willSupervise 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 quarterly and annual financial statements and footnotes and coordinating annual audits.Review 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 Equity 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: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 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.