Alternative Fund Accounting, Associate 2

State Street•Boston, MA

About The Position

Fund accountants are primarily responsible for the timely and accurate execution and reporting of net asset valuations (NAVs) for clients’ accounts (funds). The role identifies, analyzes, and substantiates impacts to the NAV. Fund accountants reconcile accounts or review reconciliations prepared by others to help ensure the integrity of the NAV. The role may also involve income distributions, preparing financial statements, or auditing funds.

Requirements

Bachelor’s degree or above.
Ability to resolve issues and client queries independently.
Ability to communicate with other teams in English, verbally and in writing.
Ability to work collaboratively as part of a team.

Responsibilities

Execute and report net asset valuations (NAVs) for client funds accurately and on time.
Identify, analyze, and substantiate impacts to the NAV.
Process and verify subscription and redemption activity for unitized products.
Post and monitor expense accruals.
Review security transactions and corporate actions.
Monitor dividend and interest income and accruals.
Perform mark-to-market calculations.
Monitor the impact of securities pricing.
Disseminate prices and generate accounting-based reports.
Reconcile accounts or review reconciliations prepared by others to ensure NAV integrity.
Help with income distributions, preparation of financial statements, or fund audits.

Benefits

Competitive and comprehensive benefits packages, varying by location.
Medical care and insurance coverage, including medical, dental, vision, basic life, and long-term disability coverage, with optional additional coverages.
Retirement savings plan (401(k)) with company match.
Paid time off, including vacation, sick leave, short-term disability, and leave for family care responsibilities.
Employee Assistance Program.
Eligibility for annual performance-based incentive awards, except for certain sales roles subject to sales incentive plans.
Eligibility for certain tax-advantaged savings plans.
Flexible work programs and work-life support.
Development programs and educational support.
Paid volunteer days and matching gift programs.
Employee networks.