Alternative Ops Fund Accounting, Senior Associate

State Street•Quincy, MA

1d•Onsite

About The Position

State Street is seeking a Fund Administration, Senior Associate to interact with professionals both internally and externally, requiring exceptional interpersonal and communication skills. Candidates must demonstrate initiative, perform well under pressure, and handle multiple assignments simultaneously. This role is responsible for directing the day-to-day accounting and administration for several client-sponsored investment funds. State Street is a global institutional investor partner, helping clients manage risk, respond to challenges, and drive performance. The company values smart, engaged employees and is committed to fostering an environment where every employee feels valued and empowered. Employees benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks. State Street is an Equal Opportunity Employer, considering all qualified applicants without regard to various protected characteristics.

Requirements

Exceptional interpersonal and communication skills are required
Demonstrate initiative, be able to perform well under pressure and simultaneously handle multiple assignments
Bachelor’s degree in Accounting or Finance
Minimum 3 years of experience in the financial services industry
Demonstrate an understanding of fund level profit & loss characteristics and its implications on investor allocations for various complex fund structures
Proficiency in Microsoft Outlook & Excel
Strong interpersonal skills, highly effective communication and organization skills
Ability to thrive and function in a deadline driven environment
Ability to understand and troubleshoot complex fund accounting problems and use analytical skills to resolve issues in a timely manner

Nice To Haves

Experience preferably within a hedge fund accounting role

Responsibilities

Validate and review all daily activity while maintaining all required controls
Calculate and process fund activities, e.g. support the production of NAV, SEC yields, distributions, corporate actions, etc. and prepare proofs as needed
Support the review and validation of data as needed, e.g. fund NAV, as well as distribute information to Shared Services and Client Operations teams
Research and resolve exceptions and issues
Receive and resolve inquiries in a timely and accurate manner and communicate effectively with client when necessary
Define and ensure successful completion of ad-hoc requests
Escalate unresolved issues to management as required
Reconcile and resolve discrepancies with other teams as needed
Ensure appropriate records of daily and monthly activities are kept
Perform daily or weekly reporting functions for the team’s activities
Ensure adherence to Standard Operating Procedures
Keep up to date on broader internal/external business issues; apply knowledge across team
Assist management in the implementation of new policies and procedures, participate in projects
Assist with workflow management and technology enhancements, make suggestions to streamline operations
Maintain knowledge of current alternative procedures and processes
Support training of new hires as necessary
During the course of normal day to day operations, responsible for identifying any unusual or potentially suspicious transaction activity and must report and/or escalate in accordance with corporate policy and guidelines detailed in relevant operating procedures
Perform duties of Associates and provide back-up management support if required
Perform other duties as assigned

Benefits

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)
Eligibility for certain tax advantaged savings plans
Inclusive development opportunities
Flexible work-life support
Paid volunteer days
Vibrant employee networks