Alternative Fund Accounting Associate 2

State Street • Clifton, NJ

20d

About The Position

Fund accountants are primarily responsible for the timely and accurate execution and reporting of net asset valuations (NAVs) for our clients’ accounts (funds). As Fund accountants are primarily responsible for the timely and accurate execution and reporting of net asset valuations (NAVs) for our clients’ accounts (funds). The fund accountant identifies, analyzes and substantiates impacts to the NAV. Critical functions performed include the processing and verification of all subscription and redemption activity (for unitized products), posting and monitoring of expense accruals, security transaction and corporate action review, monitoring of dividend and interest income and accruals, mark-to-market calculations, monitoring of securities pricing impacts, price dissemination and generating various accounting-based reporting. The fund accountant also reconciles various accounts, or reviews reconciliations prepared by others to ensure the integrity of the NAV. Lastly, you may also be involved with income distributions, help prepare financial statements or audit funds.

Requirements

• Bachelor degree or above
• Demonstrate ability to resolve issues and client queries independently and communicate with other teams in English, both verbally and in writing
• Act collaboratively in the team

Responsibilities

• execution and reporting of net asset valuations (NAVs) for our clients’ accounts (funds)
• identifies, analyzes and substantiates impacts to the NAV
• processing and verification of all subscription and redemption activity (for unitized products)
• posting and monitoring of expense accruals
• security transaction and corporate action review
• monitoring of dividend and interest income and accruals
• mark-to-market calculations
• monitoring of securities pricing impacts
• price dissemination
• generating various accounting-based reporting
• reconciles various accounts, or reviews reconciliations prepared by others to ensure the integrity of the NAV
• involved with income distributions
• help prepare financial statements or audit funds

Benefits

• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Number of Employees: 5,001-10,000 employees