Real Assets Fund Accounting and Administration, Assistant Vice President

State Street•Atlanta, GA

About The Position

The Assistant Vice President in Real Assets Fund Accounting and Administration supervises and mentors associate-level colleagues and manages relationships with clients and fund investors. The role reviews and/or prepares fund accounting and administration deliverables, including quarterly and annual financial workpapers and statements, tax workpapers, capital calls and distributions, bank reconciliations, journal entries, management fee calculations, client correspondence, waterfall and capital account allocations, and estimated tax workpapers. The position involves daily client interaction; coordinating annual audits and tax return preparation with Big Four accounting firms; working with the database team on client deliverables; maintaining relationships with investment professionals, investors, auditors, lawyers, and banking personnel; and ensuring compliance with partnership agreements and other fund legal documents. The role also manages internal workflows and client deadlines, undertakes special client projects, and identifies and escalates unusual or potentially suspicious transaction activity in accordance with company procedures.

Requirements

Bachelor’s degree in Accounting or Finance.
At least 10 years of Fund Accounting experience.
At least 3 years of supervisory experience.
Strong critical-thinking, problem-solving, and decision-making skills.
Leadership ability within the team and among peers.
Strong communication, interpersonal, and organizational skills, including time management and prioritization.
Initiative and the ability to perform under pressure while handling multiple assignments.
Proven ability to multitask and work efficiently to meet client deliverables.

Nice To Haves

CPA or CPA candidate.
Experience with alternative investment asset classes, complex fund structures, and fee calculations.
Working knowledge of MRI, Oracle Financials, or Yardi.

Responsibilities

Supervise and mentor associate-level colleagues.
Manage relationships with client personnel and fund investors, with heavy daily client interaction.
Review quarterly and annual financial workpaper packages, including portfolio schedules, accruals, and PCAP allocations.
Review quarterly and annual financial statements and footnotes.
Review and/or prepare annual tax workpaper packages.
Review and/or prepare capital calls and distributions, including notices and release-merged documents.
Review monthly bank reconciliations and post journal entries.
Review quarterly management fee calculations.
Review and/or prepare client-related correspondence.
Coordinate with the database team on client deliverables, including financial statements and capital call and distribution notices.
Coordinate annual audits and tax return preparation with Big Four accounting firms.
Review and/or prepare waterfall and capital account allocations.
Navigate limited partnership agreements and ensure compliance with investment fund legal documents.
Assist accounting managers in ensuring compliance with investment fund agreements and other legal documents.
Prepare or review estimated tax workpapers.
Maintain working relationships with client contacts, including investment professionals, investors, auditors, lawyers, and banking personnel.
Complete special client projects and manage internal workflow and client deadlines.
Identify unusual or potentially suspicious transaction activity and report or escalate it in accordance with corporate policy and operating procedures.

Benefits

Retirement savings plan (401(k)) with company match.
Insurance coverage including basic life, medical, dental, vision, and long-term disability, with other optional additional coverages.
Paid time off, including vacation, sick leave, short-term disability, and leave for family care responsibilities.
Employee Assistance Program.
Eligibility for incentive compensation, including annual performance-based awards, subject to stated exclusions.
Eligibility for certain tax-advantaged savings plans.
Inclusive development opportunities.
Flexible work-life support.
Paid volunteer days.
Employee networks.