Real Assets Fund Accounting & Administration Lead

State Street; Clifton (NJ); On-site; USD 70,000 - 123,000; Full time

Benefits offered by this job

401K with company match

Insurance coverage (life/medical/dent/

Paid time off

Employee Assistance Program

Incentive compensation and performance

Job summary

State Street is seeking a Fund Accounting & Administration, Officer to oversee day-to-day accounting and administration for investment funds and related entities. The role emphasizes strong client interaction and coordination with audit teams within the RealAssets Fund Administration Services group.

You will work closely with investment professionals and auditors, ensuring compliance with fund documents while supervising junior staff and managing deadlines.

Qualifications

• Bachelor’s degree in accounting or related field.
• 5+ years of general ledger accounting or audit experience.
• 1 year of leadership experience.
• Previous financial reporting experience.
• Advanced Excel skills (pivot tables, VLOOKUP, formulas).

Responsibilities

• Supervising all lower level staff (including Associate 1, Associate 2 and Senior Staff).
• Manage client relationships with both client personnel and fund investors.
• Review quarterly and annual financial work paper packages including portfolio schedules, accruals and PCAP allocations.
• Review 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.
• Review monthly bank reconciliations and post journal entries.
• Review 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.
• Identify unusual or potentially suspicious transaction activity and report per policy.

Skills

Leadership experience

Client relationship management

Financial statement review

Attention to detail

Communication skills

Education

Bachelor’s degree

CPA or CPA Candidate

Real Estate, Fund, or Private Equity accounting experience

Tools

Excel

Job description

State Street is seeking a Fund Accounting & Administration, Officer to oversee day-to-day accounting and administration for investment funds and related entities. The role emphasizes strong client interaction and coordination with audit teams within the RealAssets Fund Administration Services group.

You will work closely with investment professionals and auditors, ensuring compliance with fund documents while supervising junior staff and managing deadlines.