Fund Accountant - Associate 2

State Street • Boston, MA

1d

About The Position

The Fund Accountant will join State Street Alternatives, a provider of fund accounting, fund administration, and risk services for alternative investment fund managers. The role supports the daily accounting and administration of complex investment transactions and structures, working in a dynamic environment with established procedures, controls, and technology. The position involves coordinating with internal teams, clients, investment managers, auditors, and banks to meet service-level and client deadlines, maintain accurate fund records, and support quarter-end activities. Overtime may be required.

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, 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 the 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 meet internal processing and client deadlines.
• Work with other service departments to resolve errors and issues or 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 according to corporate policies and operating procedures.
• Adhere to standard procedures and controls and 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

• Competitive and comprehensive benefits packages, varying by location.
• Medical care and insurance coverage, including basic life, medical, dental, vision, and long-term disability coverage, plus optional additional coverages.
• Retirement savings plan (401K) with company match.
• Paid time off, including vacation, sick leave, short-term disability, and leave for family care responsibilities.
• Employee Assistance Program.
• Eligibility for annual performance-based incentive awards, with exclusions for certain sales roles.
• Eligibility for certain tax-advantaged savings plans.
• Flexible Work Program and work-life support.
• Development programs and educational support.
• Paid volunteer days and a matching gift program.
• Employee networks.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: Associate degree