Private Equity Fund Accounting & Administration, Senior Associate

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

Benefits offered by this job

401K with company match

Medical, dental, vision insurance

Paid time off

Employee Assistance Program

Performance-based incentives

Tax-advantaged savings plans

Job summary

State Street is seeking a Senior Associate within the Private Equity Fund Services unit to handle day-to-day fund and partnership accounting and related administration for a major Private Equity/Credit Investment Fund.

You will review reconciliations, prepare journal entries, capital calls, statements, and client communications while coordinating with onshore and offshore teams to deliver end-to-end service.

Qualifications

• 3-5 years of fund accounting or related experience.
• Advanced MS Excel skills.
• Attention to detail.
• Time management.
• Experience with Investran is a plus.
• Experience with investment/Portfolio accounting platforms is a plus.
• Specific experience in the Private Equity industry preferred.
• Excellent administrative and organizational skills with demonstrated ability to multi-task and to work efficiently to meet client deliverables.

Responsibilities

• Review and/or prepare daily position and cash reconciliations, research and resolve discrepancies.
• Prepare and process journal entries, maintain general ledger.
• Prepare capital calls and distribution allocation schedules.
• Prepare financial work papers including portfolio schedules partners’ capital allocations and capital statements.
• Prepare process and monitoring USD and non-USD cash movement.
• Review Junior Associate and offshore teams’ work.
• Prepare various client correspondence and related ad hoc correspondence.
• Interacts with internal and external auditors providing requested information to specific inquiries as needed.
• Participate in special client or internal projects.

Skills

Fund accounting experience

Advanced MS Excel

Attention to detail

Time management

Tools

Investran

Portfolio accounting platforms

Job description

Who we are looking for

We are a team of dedicated accounting professionals who are passionate about delivering financial reporting and day-to-day accounting and administrative support to one of the largest Open-Ended Private Equity Funds. 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 a complex Private Equity/Credit Fund.

Why this role is important to us

This Senior Associate position is within the Private Equity Fund Services Business Unit of the State Street Alternative Investment Services (AIS) group, a recognized industry-leading provider of fund accounting, fund administration and risk services to hedge funds and private equity/credit funds. The position will interact directly with external clients as well as State Street onshore and offshore teams, providing complete end-to-end solutions for a major Private Equity/Credit Investment Fund.

Join us if you are up to the challenge of administrating a mega fund and look to grow with the team.

Job Description

This position handles the day-to-day fund & partnership accounting and related administration.

Responsibilities

• Review and/or prepare daily position and cash reconciliations, research and resolve discrepancies.
• Prepare and process journal entries, maintain general ledger
• Prepare capital calls and distribution allocation schedules
• Prepare financial work papers including portfolio schedules partners’ capital allocations and capital statements.
• Prepare process and monitoring USD and non-USD cash movement
• Review Junior Associate and offshore teams’ work
• Prepare various client correspondence and related ad hoc correspondence.
• Interacts with internal and external auditors providing requested information to specific inquiries as needed.
• Participate in special client or internal projects

Qualifications

• 3-5 years of fund accounting or related experience
• Advanced MS Excel skills
• Attention to detail
• Time management
• Experience with Investran a plus
• Experience with investment/Portfolio accounting platforms a plus
• Specific experience in the Private Equity industry preferred
• Excellent administrative and organizational skills with demonstrated ability to multi-task and to work efficiently to meet client deliverables.

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.

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)
• eligibility for certain tax advantaged savings plans

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.

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.

End Date:

October 30, 2026