Senior Hedge Fund Accounting & Administration Lead

State Street; Boston (MA); On-site; USD 110,000 - 150,000; Full time

Benefits offered by this job

401K with company match

Insurance coverage including life/med/

Paid time off

Employee Assistance Program

Incentive compensation

Tax-advantaged savings plans

Job summary

State Street in Boston is seeking an experienced Hedge Fund Accounting Officer to supervise and deliver accounting and administrative services for multiple client relationships across global locations.

The role requires a Bachelor’s in Accounting or Finance and at least 5 years in financial services with 1–2 years of supervisory experience. Strong P&L understanding, Excel proficiency, and client-focused collaboration are essential.

Qualifications

• Bachelor’s degree in Accounting or Finance.
• Minimum 5 years of experience in the financial services industry preferably within a hedge fund accounting role, including 1-2 years of supervisory experience.
• Understanding of fund level profit & loss characteristics and its implications on investor allocations for complex fund structures.
• Proficiency in Microsoft Outlook & Excel.
• Strong interpersonal, communication and organizational skills.
• Ability to thrive in a deadline driven environment.
• Ability to troubleshoot complex fund accounting problems using analytical skills.
• CPA qualification is favorable but not required.

Responsibilities

• Supervision of all subordinate staff levels including Associate 1, Associate 2 and Senior Associates.
• Manage day-to-day delivery of accounting and administrative services for client relationships across global locations.
• Supervise and review portfolio and fund level accounting for numerous funds across asset classes.
• Review limited partnership agreements and offering memorandums for compliance with procedures.
• Manage planning, preparation, and execution of weekly/monthly NAV reporting under US GAAP.
• Address client queries; delegate or escalate as needed.
• Support onboarding of existing client funds and launch of new funds.
• Coordinate external audits and regulatory reporting requirements.
• Participate in talent management and performance reviews.
• Contribute to process-improvement projects within the organization.

Skills

Microsoft Excel

Interpersonal skills

Communication skills

Organizational skills

Deadline driven

Education

Bachelor’s degree in Accounting or Finance

Tools

Microsoft Outlook

Microsoft Excel

Job description

State Street in Boston is seeking an experienced Hedge Fund Accounting Officer to supervise and deliver accounting and administrative services for multiple client relationships across global locations.

The role requires a Bachelor’s in Accounting or Finance and at least 5 years in financial services with 1–2 years of supervisory experience. Strong P&L understanding, Excel proficiency, and client-focused collaboration are essential.