Alternative Ops Fund Accounting, Associate 2

State Street•Berwyn, PA

About The Position

This position is within the Private Equity Fund Services Business Unit of State Street Alternative Investment Services (AIS), which provides fund accounting, fund administration, and risk services to hedge funds and private equity and credit funds. The Associate 2 supports a major, complex Private Equity/Credit Fund and interacts directly with external clients and State Street onshore and offshore teams, providing end-to-end fund services. The role handles day-to-day fund and partnership accounting and related administration, including preparation, analysis, and reporting of investment and fund performance data. It also involves client correspondence, responding to auditor inquiries, and participating in special client or internal projects.

Requirements

Degree in accounting or a related field.
Advanced MS Excel skills.
Attention to detail.
Time management skills.
Excellent administrative and organizational skills, with 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

Competitive and comprehensive benefits packages, which vary by location.
Medical care, insurance, and savings plans.
Flexible Work Program.
Development programs and educational support.
Paid volunteer days.
Matching gift program.
Access to employee networks.
401(k) retirement savings plan with company match.
Basic life, medical, dental, vision, long-term disability, and optional additional insurance coverage.
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, excluding certain sales roles subject to sales incentive plans.
Eligibility for certain tax-advantaged savings plans.