Private Equity, Fund Accounting & Administration, Senior Associate

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

Benefits offered by this job

401K with company match

Comprehensive benefits package (health

Dental, vision, and life insurance

Job summary

State Street is seeking a Senior Associate to contribute to the Private Equity and Real Assets Fund Services business unit. You will deliver financial reporting and accounting support to premier real-estate-fund clients, driving innovative solutions that enhance service delivery.

Responsibilities include maintaining the general ledger, preparing financial statements and footnote disclosures, analyzing investment performance, and coordinating capital calls and distributions, with a focus on

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 the ability to multi‑task and meet client deliverables.

Responsibilities

• Maintain the general ledger for global real‑estate‑fund entities.
• Prepare supporting work papers for financial statements, portfolio schedules, and capital‑account allocations.
• Prepare financial statements and mandatory footnote disclosures.
• Conduct analytical review of monthly/quarterly investment performance data.
• Review and/or prepare capital calls, distributions and bank reconciliations.
• Compute mandatory incentive and annual fee calculations.
• Prepare client correspondence.
• Calculate mandatory waterfalls and capital‑account allocations.
• Execute mandatory and ad‑hoc special projects.

Education

CPA or actively pursuing CPA certification

Job description

We are looking for an ambitious Senior Associate to contribute to the Private Equity and Real Assets Fund Services business unit of the State Street Alternative Investment Services Group. The role involves delivering financial reporting and accounting support to premier real‑estate‑fund clients, propelling innovative solutions that improve how State Street serves its customers.

Responsibilities

• Maintain the general ledger for global real‑estate‑fund entities.
• Prepare supporting work papers for financial statements, portfolio schedules, and capital‑account allocations.
• Prepare financial statements and mandatory footnote disclosures.
• Conduct analytical review of monthly/quarterly investment performance data.
• Review and/or prepare capital calls, distributions and bank reconciliations.
• Compute mandatory incentive and annual fee calculations.
• Prepare client correspondence.
• Calculate mandatory waterfalls and capital‑account allocations.
• Execute mandatory and ad‑hoc special projects.

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 the ability to multi‑task and meet client deliverables.

Salary Range

$52,000 - $94,120 per year.

Employees are eligible to participate in State Street’s comprehensive benefits program, which includes: retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long‑term disability, and optional additional coverages; paid‑time off including vacation, sick leave, short‑term disability, and family care responsibilities; access to an Employee Assistance Program; incentive compensation including annual performance‑based awards; and eligibility for certain tax‑advantaged savings plans.

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