Private Equity Fund Accounting & Administration, Senior Associate

State Street; Clifton (NJ); On-site; USD 52,000 - 94,120; Full time

Job summary

State Street is seeking a Senior Associate in the Private Equity and Real Assets Fund Services unit to lead the preparation, analysis, and reporting of investment and fund performance data for global real estate funds and related entities. You will maintain ledgers, prepare financial statements, and perform analyses to support client deliverables.

This role requires CPA credentials or active pursuit, plus experience in fund or public accounting and strong communication skills with senior

Qualifications

• Fund accounting or Public Accounting experience.
• CPA certification or active pursuit of CPA.
• Experience leading verbal and written communications at senior levels with clients or auditors.
• Excellent administrative and organizational skills with ability to multi-task and meet deliverables.

Responsibilities

• Maintaining the general ledger for various fund entities.
• Preparing supporting work papers for financial statements, portfolio schedules and capital account allocations.
• Preparing financial statements and footnote disclosures.
• Analytical review of monthly/quarterly investment and fund performance data.
• Reviewing and/or preparing 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

CPA

Communication with senior levels

Organizational skills

Education

Bachelor's degree in Accounting

CPA certification (in progress or completed)

Job description

Who We Are Looking For

A leader within the Private Equity and Real Assets 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 a Senior Associate you will be responsible for the preparation, analysis and reporting of investment and fund performance data for global real estate funds and affiliated entities.

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
• Preparing financial statements and footnote disclosures
• 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.
• CPA or actively pursuing CPA certification.
• 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.

Onsite Requirement

• May be required to work onsite at a State Street location twice or thrice a week, if located within a commutable distance.

About State Street

What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. 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. And our wealth of development programs and educational support will help you reach your full potential.

Inclusion, Diversity and Social Responsibility. We truly believe our employees’ diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.

State Street is an equal opportunity and affirmative action employer.

Discover more at StateStreet.com/careers.

Salary Range: $52,000 - $94,120 Annual