Private Equity Fund Accounting & Administration, Officer

State Street•Clifton, NJ

21h

About The Position

State Street’s Private Equity team provides customized administrative fund services to managers of closed-end investment funds with varied portfolio investments. The role may also involve servicing hybrid hedge fund and private equity products for asset managers. As a hub in the delivery of private equity NAV and administrative services, the position works with internal functional teams—including trade operations, investor services, custody, tax, and financial reporting—across local and global locations. The Officer supervises staff, manages workflow and client deadlines, and maintains client relationships through regular communication. The role reviews quarterly and annual work papers and financial statements, coordinates annual audits, and reviews or prepares complex fee calculations and capital allocations.

Requirements

Bachelor’s degree in Accounting or Finance.
At least 5 to 6 years of private equity experience.
Strong critical-thinking, problem-solving, and decision-making skills.
Ability to lead within the team and among peers.
Strong communication, interpersonal, and organizational skills, including time management and prioritization.
Demonstrated initiative and ability to perform under pressure while handling multiple assignments.
Ability to multitask and work efficiently to meet client deliverables.
Ability to thrive in a high-pressure, deadline-driven environment.

Nice To Haves

Experience with alternative investment asset classes, complex fund structures, and fee calculations.
CPA qualification; favorable but not required.
Experience with Investran or Geneva; favorable but not required.
Investran experience is preferred.

Responsibilities

Supervise staff, including Associate 1, Associate 2, and Senior Associate staff.
Manage internal workflow and client deadlines.
Manage client relationships and liaise with client personnel on a daily basis.
Maintain working relationships with client contacts, including investment professionals, investors, auditors, lawyers, and banking personnel.
Review quarterly and annual financial work paper packages, including portfolio schedules, accruals, and partner capital allocations.
Review quarterly and annual financial statements and footnotes, and coordinate annual audits.
Review and/or prepare complex fee calculations, including management fees, waterfall calculations, and capital account allocations.

Benefits

401(k) retirement savings plan with company match.
Insurance coverage including basic life, medical, dental, vision, and long-term disability, with other optional 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, with certain sales-role exclusions.
Eligibility for certain tax-advantaged savings plans.
Inclusive development opportunities.
Flexible work-life support.
Paid volunteer days.
Employee networks.