Private Equity, Fund Accounting & Administration, Vice President

STATE STREET CORPORATION; Clifton (NJ); On-site; USD 115,000 - 201,000; Full time

Benefits offered by this job

401K with company match

Insurance coverage: life/medical/dent/

Paid time off

Employee Assistance Program

Performance-based incentive plans

Job summary

State Street Corporation is seeking a Vice President for Private Markets to service clients within the Alternative Investment Solutions group. You will supervise staff, manage client relationships, and deliver daily accounting support and reporting for hedge funds and private credit funds.

You will coordinate with internal teams to ensure timely deliverables, assist with audits, and navigate limited partnership agreements, with strong focus on accuracy and compliance.

Qualifications

• Bachelor’s degree with accounting.
• 12+ years of general ledger accounting or audit experience.
• 6+ years of leadership experience.
• Previous financial reporting experience.
• Advanced Excel skills (advanced formulas, pivot tables, VLOOKUP).
• Real Estate, Hedge Fund, or Private Market accounting experience.
• Exceptional interpersonal & communication skills.
• Experience with Investran, Great Plains and Oracle Financials preferred.

Responsibilities

• Supervise lower level staff and manage client relationships.
• Review quarterly/annual financial work papers, schedules and allocations.
• Review financial statements and footnotes; tax work papers.
• Prepare capital calls and distributions notices and merges.
• Post journal entries and reconcile monthly bank statements.
• Review management fee calculations and client correspondence.
• Coordinate annual audit/tax return prep with Big 4 firms.
• Navigate partnership agreements and capital account allocations.
• Ensure compliance with investment fund documents and legal agreements.
• Manage internal workflow and client deadlines; report unusual activity.

Skills

Leadership

Interpersonal skills

Advanced Excel

Financial reporting

General ledger experience

Audit experience

Client relationship management

Education

Bachelor’s degree with accounting

Tools

Investran

Great Plains

Oracle Financials

Job description

Who we are looking for

We are looking for a Vice President (VP) for our Private Markets to service clients for our division of Alterative Investment Solutions Group. They will partner with both clients and colleagues to establish the workflow and client deadlines while supervising staff members. They will be responsible for delivering reporting and day-to-day accounting and support for our clients.

Why this role is important to us

The team you will be joining is a part of International Fund Services (IFS), acquired by State Street in July 2002. IFS, also known as Alternative Investment Solutions is a recognized industry-leading provider of fund accounting, fund administration and risk services to hedge funds and private credit funds. These services are fully integrated to provide complete end-to-end solutions that span the front-, middle- and back-office requirements.

What you will be responsible for

As Fund Accounting & Administration, VP you will be responsible for Supervising all lower level staff (including Associate 1, Associate 2, Senior Staff, Officer and AVP). Managing client relationships with both client personnel and fund investors. Reviewing quarterly and annual financial work paper packages including portfolio schedules, accruals and PCAP allocations. Reviewing quarterly and annual financial statements and footnotes. Review and/or preparation of annual tax work paper packages. Review and/or preparation of capital calls and distributions, including notices and release merged documents. Reviewing monthly bank reconciliations and post journal entries. Reviewing quarterly management fee calculations. Review and/or preparation of various client related correspondence. Work with database team regarding client deliverables such as financial statements, capital calls and distribution notices. Heavy client interaction on a daily basis. Coordination of annual audit and tax return preparation with Big 4 accounting firms. Review and/or preparation of waterfall and capital account allocations. Understand how to navigate through limited partnership agreement. Review and/or preparation of estimated tax workpapers. Maintain working relationship with all client contacts, including investment professionals, investors, auditors, lawyers and banking personnel. Ensure compliance with investment fund legal documents, i.e. partnership agreement. Assist accounting managers to ensure compliance with investment fund agreements and other legal documents. Special client projects. Manage internal workflow and client deadlines. During the course of normal day to day operation, be responsible for identifying any unusual or potentially suspicious transaction activity and must report and/or escal

What we value

Strong critical thinking, problem solving, and decision making skills Excellent administrative and organizational skills Ability to multi task and work efficiently to meet client deliverables.

Education & Preferred Qualifications

• Bachelor’s degree with accounting
• 12+ years of general ledger accounting or audit experience
• 6+ years of leadership experience
• Previous Financial reporting experience
• Advanced Excel skills (advanced formulas, pivot tables, VLOOKUP)
• Additional requirements Real Estate, Hedge Fund, or Private Market accounting experience
• Exceptional interpersonal & communication skills
• Experience with Investran, Great Plains and Oracle Financials preferred

Salary Range:

$115,000 - $201,250 Annual

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

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.

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.

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.

Discover more information on jobs at StateStreet.com/careers Read our CEO Statement

Discover more information on jobs at StateStreet.com/careers Read our CEO Statement