Fund Accountant - Associate 2

State Street•Clifton, NJ

About The Position

As an Associate 2, you will be part of a team responsible for the portfolio investment and net asset value data for a complex Private Equity/Credit Fund. You will deliver customized service solutions for investment funds that have closed-end structures and a variety of portfolio investments. This role is central to the delivery of administrative services, with team members interacting daily with trade operations, investor services, custody, tax, financial reporting teams, and directly with the client, functioning in locally and globally diverse locations. Join us if you are up to the challenge of administrating a mega fund and are looking to grow with a strong team. This Associate 2 position is within the Private Equity Fund Services Business Unit of the State Street Alternative Investment Services (AIS) group, a recognized industry-leading provider of fund accounting, fund administration, and risk services to hedge funds and private equity/credit funds. The position will interact directly with external clients, as well as State Street onshore and offshore teams, providing complete end-to-end solutions for a major Private Equity/Credit Investment Fund.

Requirements

Accounting or Finance background and/or specific experience in the Private Equity industry required.
Strong problem solving and analytical skills.
Advanced MS Excel skills.
Detail-oriented, owner’s mindset, logical thinking, strong learning ability, sense of responsibility and teamwork are required.

Nice To Haves

Experience with investment/Portfolio accounting platforms a plus.
Professional designation or advanced certifications are a plus.

Responsibilities

Oversee ledger bookings related to net asset valuations including supporting workbooks for the shared blockers or wholly owned blockers.
Reviewing allocations and current NAV pricing for fund-of-funds and direct investment private equity positions.
Investigate and analyze cash flow discrepancies to quarterly capital account statements for private equity fund of funds.
Identify pricing discrepancies and work with the client to resolve P&L inquiries.
Liaise with middle office and fund accounting teams to support timely delivery of fund NAVs.
Compilation, maintenance & reconciliation of fund and investor static data.
Maintaining electronic and hard copy client files on a daily basis and archiving as necessary.
Preparation of various client related correspondence including valuation documentation for audit purposes.
Review Junior Associate and offshore teams’ work.
Participation in special client or internal projects as required.

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
eligibility for certain tax advantaged savings plans
inclusive development opportunities
flexible work-life support
paid volunteer days
vibrant employee networks