Private Equity, Fund Accounting & Administration, Officer

State Street; Boston (MA); On-site; USD 70,000 - 90,000; Full time

Job summary

State Street is seeking a Fund Accounting & Administration Officer to lead a team delivering comprehensive fund accounting services for private equity funds. The role interfaces with trade operations, investor services and financial reporting professionals to ensure accurate reporting and timely deliverables.

You will supervise multiple staff levels and manage complex calculations, while maintaining strong relationships with clients and auditors under tight deadlines in a fast-paced environment.

Qualifications

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

Responsibilities

• Supervise staff (including Associate 1, Associate 2 and Senior Associate staff).
• Manage internal workflow and client deadlines.
• Manage client relationships and liaising with client personnel daily.
• Maintain good working relationships with all 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

Strong critical thinking

Problem solving

Decision making

Leadership

Communication

Time management

Prioritization

Initiative

Multi-tasking

Investran experience

Education

Bachelor’s degree in Accounting or Finance

5–6 years Private Equity experience

CPA qualification favourable

Experience with Investran or Geneva favourable

Tools

Investran/Geneva

Job description

Who We Are Looking For

State 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.

Who We Are Looking For

State 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 us

The 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 For

As Fund Accounting & Administration, Officer you will

• Supervise staff (including Associate 1 Associate 2 and Senior Associate Staff)
• Manage internal workflow and client deadlines
• Manage client relationships & liaising with client personnel on a daily basis
• Maintain good working relationship with all 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 etc.

What We Value

These skills will help you succeed in this role

• Strong critical thinking, problem solving, and decision making skills
• An ability to be a leader within their team, as well as be a leader amongst your peers
• Strong communication, interpersonal, and organizational skills, which includes excellent time management and prioritization skills
• Candidates must demonstrate initiative, be able to perform well under pressure, and simultaneously handle multiple assignments
• Excellent administrative and organizational with the proven ability to multi-task and to work efficiently to meet client deliverables
• Investran experience is preferred.

Education & Preferred Qualifications

• Bachelor’s degree in Accounting or Finance
• At least 5 to 6 years of Private Equity experience
• Experience with alternative investment asset classes, complex fund structures and fee calculations desired
• Ability to thrive and function in a high pressure deadline driven environment
• CPA qualification is favourable but not required
• Experience with Investran or Geneva favourable but not required

Salary Range

$70,000 - $