Private Credit, Fund Accounting & Administration, Assistant Vice President

State Street•Boston, MA

7d•$90,000 - $157,500

About The Position

State Street’s Private Credit team, part of Alternative Investment Solutions (also known as International Fund Services), provides administrative services for closed-end investment funds and a variety of portfolio investments. The role offers the opportunity to service hybrid hedge and private equity products for leading asset managers. In this position, the Assistant Vice President manages a growing team responsible for accounting and administrative services for alternative investment client relationships, with regular interaction with functional teams including trade operations, investor services, custody, tax, and financial reporting.

Requirements

Bachelor’s degree in Accounting or Finance.
At least 5 to 6 years of Private Market experience.
Strong critical thinking, problem-solving, and decision-making skills.
Good interpersonal skills.
Attention to detail.
Effective time management.
Highly effective communication and management skills.
Ability to thrive and function in a high-pressure, deadline-driven environment.

Nice To Haves

Experience with alternative investment asset classes, complex fund structures, and fee calculations.
CPA qualification; favorable but not required.
Experience with Investran or Geneva; favorable but not required.

Responsibilities

Manage a growing team of financial services professionals delivering accounting and administrative services for one or more alternative investment client relationships.
Oversee allocation of income to investors, calculation of management and incentive fees under waterfall provisions, and processing of capital calls and distributions.
Oversee portfolio- and fund-level accounting for multiple funds, including review and approval of monthly or quarterly net asset value reporting.
Lead onboarding of existing client funds and launches of new funds.
Maintain a strong commitment to client satisfaction.
Ensure adherence to internal policies and procedures and external governing regulations.
Design and promote technology solutions to address clients’ complex reporting and data requirements.
Identify and participate in cross-sell opportunities.
Participate in strategic working groups to improve processes and the operating model.
Recruit, hire, train, motivate, and develop staff.

Benefits

401(k) retirement savings plan with company match.
Basic life, medical, dental, vision, and long-term disability insurance, as well as optional additional coverage.
Paid time off, including vacation, sick leave, short-term disability, and leave for family care responsibilities.
Access to an Employee Assistance Program.
Eligibility for annual performance-based incentive awards, with exceptions for 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.
Employee networks.