Fund Accountant - Associate 2

State Street•Boston, MA

2d•$43,680 - $62,400

About The Position

The Fund Accountant, Associate 2, is part of State Street Alternatives, which provides fund accounting, fund administration, and risk services to alternative investment fund managers. The role supports end-to-end fund operations in a dynamic, challenging, and fast-paced environment, using established procedures, controls, and technology. Responsibilities include processing fund activities, preparing and reviewing accounting calculations and reconciliations, supporting quarter-end close, coordinating with internal and external stakeholders, and helping maintain accurate, timely, and compliant processes. The position also involves identifying and escalating unusual or potentially suspicious transactions, contributing to process improvements, and ongoing professional development through State Street training.

Requirements

College diploma or university degree with a concentration in Accounting, Finance, or Economics.
Working knowledge of Microsoft Excel and Word.
Excellent communication and interpersonal skills.
Ability to work collaboratively as a team player.
Strong attention to detail, accuracy, and organization.
Strong analytical skills and a proactive approach to problem-solving.
Confidence, decisiveness, and energy.
Strong work ethic; flexibility and adaptability; and ability to work within deadlines.
Can-do attitude and high energy.
Self-motivation and a passion for learning and growth.

Nice To Haves

Knowledge of Bloomberg.

Responsibilities

Complete daily processing and monitoring of fund activities.
Prepare capital call and distribution calculations and related investor notices.
Prepare or review periodic bank and cash reconciliations and post journal entries.
Prepare quarterly management fee calculations.
Prepare waterfall calculations and capital account allocations.
Prepare fund trial balances and supporting workpapers.
Assist with the quarter-end book closing process.
Help manage internal workflow to ensure processing and client deadlines are met.
Work with other service departments to resolve errors or issues and reconcile discrepancies.
Establish and maintain good working relationships with internal clients and colleagues.
Ensure processes comply with service-level agreements and escalate issues when necessary.
Participate in special client or internal projects as required.
Assist with new business setup and conversions.
Identify unusual or potentially suspicious transaction activity and report or escalate it under corporate policy and relevant operating procedures.
Ensure standard procedures and controls are followed.
Initiate, propose, and implement improvements to enhance efficiency and accuracy.
Liaise with investment managers, auditors, and banks.
Pursue ongoing personal education and development by attending State Street training sessions.

Benefits

Retirement savings plan (401K) with company match.
Insurance coverage including basic life, medical, dental, vision, and long-term disability, as well as optional additional coverages.
Paid time off including vacation, sick leave, short-term disability, and family care responsibilities.
Access to an Employee Assistance Program.
Incentive compensation, including eligibility for annual performance-based awards, subject to stated exclusions.
Eligibility for certain tax-advantaged savings plans.
Flexible Work Program and flexible work-life support.
Paid volunteer days.
Matching gift program.
Employee networks.
Development programs and educational support.