Private Equity Fund Administration Lead

State Street; Boston (MA); On-site; USD 70,000 - 90,000; Full time

Job summary

State Street is seeking a Fund Accounting & Administration Officer to lead a team delivering comprehensive fund accounting services for private equity funds. The role interfaces with trade operations, investor services and financial reporting professionals to ensure accurate reporting and timely deliverables.

You will supervise multiple staff levels and manage complex calculations, while maintaining strong relationships with clients and auditors under tight deadlines in a fast-paced environment.

Qualifications

• Bachelor’s degree in Accounting or Finance is required.
• 5–6 years of Private Equity experience is preferred.
• Experience with alternative investment asset classes, complex fund structures and fee calculations is desirable.
• CPA qualification is favourable but not required.
• Experience with Investran or Geneva is advantageous.

Responsibilities

• Supervise staff (including Associate 1, Associate 2 and Senior Associate staff).
• Manage internal workflow and client deadlines.
• Manage client relationships and liaising with client personnel daily.
• Maintain good working relationships with all client contacts including investment professionals, investors, auditors, lawyers and banking personnel.
• Review quarterly and annual financial work paper packages including portfolio schedules, accruals and partner capital allocations.
• Review quarterly and annual financial statements and footnotes and coordinating annual audits.
• Review and/or prepare complex fee calculations, management fees, waterfall and capital account allocations.

Skills

Strong critical thinking

Problem solving

Decision making

Leadership

Communication

Time management

Prioritization

Initiative

Multi-tasking

Investran experience

Education

Bachelor’s degree in Accounting or Finance

5–6 years Private Equity experience

CPA qualification favourable

Experience with Investran or Geneva favourable

Tools

Investran/Geneva

Job description

State Street is seeking a Fund Accounting & Administration Officer to lead a team delivering comprehensive fund accounting services for private equity funds. The role interfaces with trade operations, investor services and financial reporting professionals to ensure accurate reporting and timely deliverables.

You will supervise multiple staff levels and manage complex calculations, while maintaining strong relationships with clients and auditors under tight deadlines in a fast-paced environment.