Private Markets Fund Accounting and Administration, Senior Associate

State Street Corporation; Sacramento (CA); On-site; USD 52,000 - 94,000; Full time

Benefits offered by this job

401K match

Medical insurance

Dental & vision

Long-term disability

Paid time off

Employee assistance program

Performance incentives

Tax-advantaged savings plans

Job summary

State Street Corporation is seeking a Senior Associate for the Private Credit Fund Services team within the International Fund Services group. The role focuses on accounting, financial reporting, and administration for global Private Credit funds and affiliated entities.

You will handle the general ledger, prepare statements, and analyze fund performance to support premier real estate fund clients. Join a team with deep expertise in fund accounting and a commitment to delivering innovative

Qualifications

• Fund accounting experience required.
• Experience communicating verbally and in writing with senior internal/external clients.
• Strong administrative and organizational skills with ability to multi-task to meet client deliverables.

Responsibilities

• Maintain the general ledger for various fund entities.
• Prepare work papers for financial statements, portfolio schedules and capital allocations.
• Analyze monthly/quarterly investment and fund performance data.
• Review/prep capital calls, distributions and bank reconciliations.
• Prepare management, annual and incentive fee calculations.
• Prepare client correspondences.
• Compute waterfalls and capital allocations.
• Engage in special projects as requested.

Skills

Fund accounting experience

Public accounting experience

Analytical skills

Senior stakeholder communication

Education

Bachelor's degree in accounting or related field

Job description

Who we are looking for

A leader within the Private Credit 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 Private Credit funds and affiliated entities

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 Market Funds. These services are fully integrated to provide complete end-to-end solutions that span the front-, middle- and back-office requirements of institutional investors. Join us if making your mark in the alternative investment industry from day one is a challenge you are up for.

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
• 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 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.

Salary Range

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

• 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.

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