Fund Accountant - Associate 2

State Street • Boston, MA

16d

About The Position

We are a team of dedicated accounting professionals who are passionate about delivering financial reporting and day-to-day accounting and administrative support to one of the largest Open-Ended Private Equity Funds. Join this growing team that is passionate about building innovative solutions to revolutionize how State Street services our customers. As a Senior Associate you will be responsible for the preparation, analysis and reporting of investment and fund performance data for a complex Private Equity/Credit Fund. 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. Join us if you are up to the challenge of administrating a mega fund and look to grow with the team. This position handles the day-to-day fund & partnership accounting and related administration.

Requirements

• 0-3 years of fund accounting or related experience
• Advanced MS Excel skills
• Attention to detail
• Time management
• Excellent administrative and organizational skills with demonstrated ability to multi-task and to work efficiently to meet client deliverables.

Nice To Haves

• Experience with Investran a plus
• Experience with investment/Portfolio accounting platforms a plus
• Specific experience in the Private Equity industry preferred

Responsibilities

• Review and/or prepare daily position and cash reconciliations, research and resolve discrepancies
• Prepare and process journal entries, maintain general ledger
• Prepare capital calls and distribution allocation schedules
• Prepare financial work papers including portfolio schedules partners’ capital allocations and capital statements
• Prepare process and monitoring USD and non-USD cash movement
• Review Junior Associate and offshore teams’ work
• Prepare various client correspondence and related ad hoc correspondence
• Interacts with internal and external auditors providing requested information to specific inquiries, as needed
• Participate in special client or internal projects

Benefits

• Employees are eligible to participate in State Street’s comprehensive benefits program, which includes: our 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); and, eligibility for certain tax advantaged savings plans.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: No Education Listed
• Number of Employees: 5,001-10,000 employees