Fund Accounting & Administration, Associate 2

State Street•Princeton, NJ

About The Position

The Fund Accounting & Administration, Associate 2 engages with clients and State Street teams to resolve issues, answer inquiries, process comments, and help prepare monthly NAVs while meeting client service expectations and SLAs. The role also assists offshore teams in producing or reviewing client monthly and quarterly reporting in accordance with GAAP requirements. The Associate 2 handles routine operational issues, reviews work, maintains documentation, and supports risk, compliance, and process improvement activities.

Requirements

Bachelor’s degree or equivalent work experience in a related field.
1–2 years of experience in alternative/fund accounting or related experience.
Knowledge and proficiency in fund accounting.
Strong critical-thinking, problem-solving, and decision-making skills.
Strong communication, interpersonal, and organizational skills, including time management and prioritization.
Ability to work cooperatively with others to achieve team goals.
Excellent computer knowledge and proficiency with Microsoft Office Suite, including Outlook, Excel, Word, and PowerPoint.

Responsibilities

Resolve routine problems independently and escalate complex issues as needed.
Conduct self-reviews of completed activities and review activities completed by Associate 1 employees.
Maintain relevant documentation for assigned activities.
Research and resolve exception items, escalating unresolved issues to management as needed.
Share ideas proactively to support process improvement and changes to team processes.
Deliver services in accordance with Standard Operating Procedures and ensure assigned work meets internal standards.
Serve as the primary day-to-day operational contact for clients as required.
Manage personal development by engaging in the PPR process, seeking feedback, and attending required and relevant training.
Identify and report risk and compliance issues, breaches, and suspicious activities.
Act in accordance with Risk Excellence as part of the Way Ahead foundation.
Assist offshore teams with producing and/or reviewing client monthly and quarterly reporting in accordance with GAAP requirements.
Perform other duties as required.

Benefits

Retirement savings plan (401(k)) with company match.
Insurance coverage including basic life, medical, dental, vision, long-term disability, and optional additional coverages.
Paid time off, including vacation, sick leave, short-term disability, and family care responsibilities.
Employee Assistance Program.
Eligibility for annual performance-based awards, with exclusions for certain sales roles.
Eligibility for certain tax-advantaged savings plans.
Flexible work programs.
Development programs and educational support.
Paid volunteer days.
Matching gift programs.
Employee networks.
Inclusive development opportunities and flexible work-life support.