Real Assets Fund Accounting & Administration, VP

State Street Corporation; Charlotte (NC); On-site; USD 120,000 - 203,000; Full time

Job summary

State Street Corporation is seeking a Vice President for Private Markets within Alternative Investment Solutions to service clients in Real Assets fund accounting and administration. You will supervise staff, manage client relationships, and ensure timely reporting and tax work papers, while coordinating with audits and capital activity.

The role requires IFRS/GAAP accounting expertise, 8+ years of general ledger or audit experience, and 6+ years in leadership.

Qualifications

• Bachelor's degree with accounting is required.
• IFRS experience preferred (IFRS knowledge required).
• 8+ years of general ledger accounting or audit experience.
• 6+ years of leadership experience.
• CPA or CPA candidate status preferred.
• Real Estate, Fund, or Private Equity accounting experience.
• Investran, Great Plains and Oracle Financials experience preferred.
• Advanced Excel skills (formulas, pivot tables, VLOOKUP) highly desirable.

Responsibilities

• Supervise lower-level staff within Real Assets Fund Accounting & Administration.
• Manage client relationships with fund personnel and investors.
• Review quarterly and annual financial work papers, portfolio schedules, accruals, and PCAP allocations.
• Review quarterly and annual financial statements and footnotes.
• Review and/or prepare annual tax work papers.
• Review capital calls and distributions, including notices and merged documents.
• Review monthly bank reconciliations and post journal entries.
• Review quarterly management fee calculations.
• Coordinate audit and tax return preparation with Big 4 firms.
• Review waterfall and capital account allocations and ensure compliance with partnership agreements.
• Identify unusual or potentially suspicious activity and escalate per policy.

Skills

Leadership

Financial reporting

Analytical thinking

Attention to detail

Communication skills

Education

Bachelor's degree with accounting

CPA or CPA Candidate

IFRS knowledge

Tools

Investran

Great Plains

Oracle Financials

Excel Advanced

Job description

Who we are looking forWe 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 usThe 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 forAs Real Assets Fund Accounting & Administration, VP you will be responsible forSupervising 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 daily.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.While normal day to day operation, be responsible for identifying any unusual or potentially suspicious transaction activity and must report and/or escalate in accordance with corporate policy and guidelines detailed in relevant operating procedures.What we valueStrong critical thinking, problem solving, and decision-making skillsExcellent administrative and organizational skillsAbility to multitask and work efficiently to meet client deliverables.Education & Preferred QualificationsBachelor’s degree with accounting8+ years of general ledger accounting or audit experience6+ years of leadership experiencePrevious Financial reporting experienceIRFS experience is requiredAdvanced Excel skills (advanced formulas, pivot tables, VLOOKUP).Additional requirementsReal Estate, Fund, or Private Equity accounting experienceCPA or CPA CandidateExceptional interpersonal & communication skillsExperience with Investran, Great Plains and Oracle Financials preferredThe ideal candidate will be a well-organized detailed oriented, analytical individual with exceptional interpersonal and communication skillsCandidates must demonstrate the ability to simultaneously handle multiple assignments and pressure while working efficiently to meet client deliverablesAbout State StreetWhat we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You’ll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.Inclusion, Diversity and Social Responsibility. We truly believe our employees’ diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.State Street is an equal opportunity and affirmative action employer.Discover more at StateStreet.com/careersSalary Range:$120,000 - $202,500 AnnualThe 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); and, eligibility for certain tax advantaged savings plans.For a full overview, visit https://hrportal.ehr.com/statestreet/Home .About State StreetAcross 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.Discover more information on jobs at StateStreet.com/careersRead our CEO StatementJob 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.