Fund Accountant - Associate 2

State Street•Boston, MA

11d•$43,680 - $62,400•Onsite

About The Position

The team you will be joining is a part of our State Street Alternatives operation. We are a recognized industry-leading provider of fund accounting, fund administration and risk services to alternative investment fund managers. These services are fully integrated to provide complete end-to-end solutions that span the front-, middle- and back-office requirements of institutional investors. Join us if making your mark in the financial services industry from day one is a challenge you are up for.

Requirements

College diploma or university degree with concentration in Accounting, Finance or Economics
Working knowledge of Microsoft Excel/Word

Nice To Haves

knowledge of Bloomberg a plus

Responsibilities

Complete the daily processing and monitoring of fund activities
Prepare capital call and distribution calculations; related notices to investors
Prepare/Review periodic bank and cash reconciliations and post journal entries
Prepare quarterly management fee calculations
Preparation of waterfall calculations and capital account allocations
Prepare fund trial balances and supporting workpapers.
Assist the quarter-end book closing process
Assist in managing internal workflow to ensure internal processing and client deadlines are met
Work with other services departments to resolve errors/issues or to reconcile discrepancies'
Establish and maintain good working relationships with internal clients and colleague
Ensure all processes are in line with the SLA and escalate if necessary
Participate in special client or internal projects as required
Assist in new business setup and conversions;
During the course of normal day to day operation, 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
Ensure standard procedures and controls are adhered to;
Initiate, propose and implement improvements to enhance efficiencies and accuracy when see fit'
Liaise with investment managers, auditors and banks;
Ongoing personal education and development by attendance of State Street training sessions.

Benefits

competitive and comprehensive benefits packages
generous medical care
insurance
savings plans
flexible Work Program
development programs
educational support
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
paid volunteer days
matching gift program
access to employee networks