Private Equity Fund Accounting & Administration, Senior Associate

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

Benefits offered by this job

401K with company match

Medical/Dental/Vision

Paid time off

Employee Assistance Program

Performance-based awards

Job summary

State Street is seeking a Senior Associate in its Private Equity and Real Assets Fund Services group in the United States. The role focuses on preparing, analyzing and reporting investment and fund performance data for global real estate funds and affiliated entities.

Responsibilities include maintaining ledgers, preparing financial statements, capital calls and fee calculations, and client communications. Onsite presence may be required weekly, with comprehensive benefits and career growth

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.

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

Verbal communication

Written communication

Organizational skills

Multi-tasking

Education

CPA certification

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.

Salary Range

$52,000 - $94,120 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

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.

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.

Equal Employment Opportunity

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.