Fund Accounting & Administration, Associate 2

State Street•Boston, MA

9d•$41,600 - $66,560

About The Position

The Fund Accounting & Administration, Associate 2 engages with clients and internal State Street teams to resolve issues, respond to inquiries, and process comments while preparing monthly NAVs and supporting client satisfaction through adherence to service-level agreements. The role also assists offshore teams in producing or reviewing client monthly and quarterly reporting in accordance with GAAP requirements. The position handles routine problems independently and escalates complex or unresolved issues as needed. It conducts self-review of completed work and reviews work completed by Associate 1 colleagues, maintains documentation, researches exceptions, and supports process improvements. The Associate delivers services in line with standard operating procedures and internal standards, serves as a day-to-day operational client contact when required, pursues professional development, and reports risk, compliance, breach, and suspicious-activity concerns. State Street describes its benefits as competitive and comprehensive, with details varying by location. The listed benefits include retirement savings with a company match; insurance coverage; paid time off; an Employee Assistance Program; eligibility for annual performance-based incentive awards; certain tax-advantaged savings plans; flexible work programs; development and educational support; paid volunteer days; matching-gift programs; and employee networks.

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.
Excellent computer knowledge and proficiency with Microsoft Office Suite, including Outlook, Excel, Word, and PowerPoint.
Ability to work cooperatively with others to achieve team goals.

Responsibilities

Resolve routine problems using initiative and escalate complex issues as needed.
Conduct self-review of completed activities and review completed activities for Associate 1 colleagues.
Maintain relevant documentation for assigned activities.
Research and resolve exception items, escalating unresolved issues to management as needed.
Proactively share ideas 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 professional 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.
Perform other duties as required.
Assist offshore teams in producing and/or reviewing client monthly and quarterly reporting in accordance with GAAP requirements.
Engage with clients and State Street teams to resolve issues, answer inquiries, and process comments while preparing monthly NAVs and meeting service-level agreements.

Benefits

Retirement savings plan (401(k)) with company match.
Insurance coverage, including basic life, medical, dental, vision, long-term disability, and optional additional coverage.
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, excluding certain sales roles subject to sales incentive plans.
Eligibility for certain tax-advantaged savings plans.
Flexible work programs.
Development programs and educational support.
Paid volunteer days.
Matching-gift programs.
Employee networks.
Flexible work-life support.