Real Assets Fund Accounting & Administration, VP

State Street; Princeton (NJ); On-site; USD 180,000 - 250,000; Full time

Job summary

State Street's International Fund Services (IFS), part of State Street, seeks a Vice President for Private Markets to service clients and supervise staff. You will partner with clients and colleagues to establish workflows and deadlines while delivering reporting and day-to-day accounting support.

You will manage relationships with clients and fund investors, review quarterly/annual financials and tax work papers, coordinate audits with Big 4, and handle capital calls and distributions.

Qualifications

• Bachelor's degree with accounting.
• 8+ years of general ledger accounting or audit experience.
• 6+ years of leadership experience.
• IRFS experience is required.
• Advanced Excel skills (formulas, pivot tables, VLOOKUP).

Responsibilities

• Supervising all lower-level staff and managing client relationships.
• Reviewing quarterly and annual financial work papers, statements and footnotes.
• Review and/or preparation of tax work papers, capital calls, distributions, and notices.
• Reviewing bank reconciliations, post journal entries and management fee calculations.
• Coordinate annual audits and tax return preparation with Big 4 firms.

Skills

Critical thinking

Problem solving

Decision making

Administrative skills

Education

Bachelor's degree with accounting

8+ years of general ledger accounting or audit experience

6+ years of leadership experience

IRFS experience is required

Advanced Excel skills

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 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

• 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 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 elevate in accordance with corporate policy and guidelines detailed in relevant operating procedures.

What we value

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

Education & Preferred Qualifications

• Bachelor's degree with accounting
• 8+ years of general ledger accounting or audit experience
• 6+ years of leadership experience
• Previous Financial reporting experience
• IRFS experience is required
• Advanced Excel skills (advanced formulas, pivot tables, VLOOKUP).

Additional requirements

• Real Estate, Fund, or Private Equity accounting experience
• CPA or CPA Candidate
• Exceptional interpersonal & communication skills
• Experience with Investran, Great Plains and Oracle Financials preferred
• The ideal candidate will be a well-organized detailed oriented, analytical individual with exceptional interpersonal and communication skills
• Candidates must demonstrate the ability to simultaneously handle multiple assignments and pressure while working efficiently to meet client deliverables

About State Street

What 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