Alternative Ops Fund Accounting, Senior Associate

State Street•Quincy, MA

15h

About The Position

Fund Administration, Senior Associates interact with all levels of professionals both internally and externally. Therefore, exceptional interpersonal and communication skills are required. Candidates must demonstrate initiative, be able to perform well under pressure and simultaneously handle multiple assignments. Fund Administration Senior Associates are responsible to direct the day-to-day accounting and administration for several client sponsored investment funds. Join us if making your mark in the financial services industry from day one is a challenge you are up for. Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success. We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

Requirements

Exceptional interpersonal and communication skills are required
Candidates must 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
Complex allocation knowledge required
Advent Geneva experience required
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 in required
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

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