Alternative Ops Fund Accounting, Associate 2
State Street•Berwyn, PA
•$41,600 - $66,560
About The Position
This position is within the Private Equity Fund Services Business Unit of State Street Alternative Investment Services. It handles day-to-day fund and partnership accounting and related administration, supporting a large open-ended private equity fund. The Associate 2 prepares, analyzes, and reports investment and fund performance data for a complex private equity/credit fund and interacts with external clients and State Street onshore and offshore teams to provide end-to-end solutions.
Requirements
- Degree in accounting or a related field.
- Advanced MS Excel skills.
- Attention to detail.
- Time management skills.
- Excellent administrative and organizational skills, with the demonstrated ability to multitask and work efficiently to meet client deliverables.
Nice To Haves
- Experience with Investran.
- Experience with investment or portfolio accounting platforms.
- Specific experience in the private equity industry.
Responsibilities
- Review and/or prepare daily position and cash reconciliations, and research and resolve discrepancies.
- Prepare and process journal entries and maintain the general ledger.
- Prepare capital calls and distribution allocation schedules.
- Prepare financial work papers, including portfolio schedules, partners’ capital allocations, and capital statements.
- Prepare, process, and monitor USD and non-USD cash movements.
- Prepare client correspondence and related ad hoc correspondence.
- Interact with internal and external auditors and provide information in response to specific inquiries as needed.
- Participate in special client or internal projects.
Benefits
- Retirement savings plan (401K) with company match.
- Medical, dental, vision, basic life, and long-term disability insurance, plus optional additional coverages.
- Paid time off, including vacation, sick leave, short-term disability, and family-care responsibilities.
- Employee Assistance Program.
- Eligibility for annual performance-based incentive awards, excluding certain sales roles subject to sales incentive plans.
- Eligibility for certain tax-advantaged savings plans.
- Flexible Work Program.
- Development programs and educational support.
- Paid volunteer days.
- Matching gift program.
- Employee networks.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
