Private Equity, Fund Accounting & Administration, Officer

State Street; Quincy (MA); Presencial; USD 52.000 - 85.000; Jornada completa

Ventajas ofrecidas por este puesto de trabajo

401K

Insurance coverage

Paid time off

Employee Assistance Program

Incentive compensation

Tax-advantaged savings plans

Descripción de la vacante

State Street is seeking a Fund Accounting & Administration Officer in Massachusetts to oversee staff and key client deliverables within the PE NAV hub of Alternative Investment Solutions. You will coordinate quarterly financials, fee calculations, and audits while maintaining strong relationships with investment professionals, investors, auditors, lawyers, and banking personnel.

The role requires reviewing financial work papers, schedules, and tax-related items, ensuring deadlines are met, and

Formación

• Bachelor's degree in Accounting or Finance required.
• CPA qualification is favorable but not required.
• Experience with Investran or Geneva is favorable but not required.

Responsabilidades

• 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 relationship with client contacts including investment professionals, investors, auditors, lawyers and banking personnel.
• Review quarterly and annual financial work papers and portfolio schedules, accruals and partner capital allocations.
• Review quarterly and annual financial statements and footnotes and coordinate audits.
• Review and/or prepare complex fee calculations, management fees, waterfall and capital account allocations.

Conocimientos

Strong analytical skills

Leadership

Time management

Educación

Bachelor's degree in Accounting or Finance

CPA qualification is favorable

Investran or Geneva experience

Herramientas

Investran

Geneva

Descripción del empleo

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's 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

• 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 assignment
• 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

$52,000 - $84,760 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.

Benefits

• 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)
• eligibility for certain tax advantaged savings plans

Employees are eligible to participate in State Street's comprehensive benefits program, which includes:

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.

Discover more information on jobs at StateStreet.com/careers

Read our CEO Statement

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.

Job ID: R-799845