Fund Accounting & Administration, Officer

State Street • Clifton, NJ

1d • Onsite

About The Position

This role involves the supervision of subordinate staff and the management of day-to-day accounting and administrative services for client relationships. The officer will liaise with various global teams to ensure accurate portfolio and fund level accounting across diverse asset classes including equities, fixed income, derivatives, and private investments. Key responsibilities include reviewing fund documentation for compliance, managing the NAV reporting cycle in accordance with US GAAP, and ensuring timely client query resolution. The position also supports client onboarding and new fund launches, maintains adherence to internal policies and external regulations, and coordinates with external auditors and various internal departments for reporting requirements. Talent management, including hiring, training, and performance reviews, is a significant aspect of this role, as is participation in process improvement initiatives and special projects.

Requirements

• Bachelor’s degree in Accounting or Finance
• Minimum 5 years of experience in the financial services industry preferably within a hedge fund accounting role, including 1-2 years of supervisory experience is required
• Demonstrate and understanding of fund level profit & loss characteristics and its implications on investor allocations for various complex fund structures.
• Proficiency in Microsoft Outlook & Excel in required
• Strong interpersonal skills, highly effective communication and organization skills
• Ability to thrive and function in a deadline driven environment
• Ability to understand and troubleshoot complex fund accounting problems and use analytical skills to resolve issues in a timely manner

Nice To Haves

• CPA qualification is favorable but not required

Responsibilities

• Supervision of all subordinate staff levels including Associate 1, Associate 2 and Senior Associates.
• Manage the day to day delivery of accounting and administrative services for one or more client relationships by liaising with different functional teams spread across multiple global service locations.
• Supervise and review the portfolio and fund level accounting for numerous funds. Asset classes can include; equities, fixed income, derivatives, and private investments.
• Review limited partnership agreements and offering memorandums and ensure compliance with operational and accounting procedures.
• Manage the planning, preparation, and execution of weekly and/or monthly net asset value reporting cycle in accordance with US GAAP.
• Ensure all client queries and requests are attended to in a timely matter and delegated or escalated appropriately.
• Demonstrate an unrelenting commitment to client satisfaction.
• Support the onboarding of existing client funds and the launch of new funds.
• Ensure adherence with internal policies and procedures and compliance with external governing regulations.
• Coordinate all external audit requests, and requirements from financial reporting, tax, compliance, risk and regulatory reporting as required.
• Involved in all areas of talent management including; hiring, training, supervision, and delivery of performance reviews.
• Meet all requirements for the performance planning process including goal setting, regular and immediate feedback and submission of formalized performance appraisals.
• Contribute to working groups within the organization to improve our processes.
• Participate in special client or internal projects as required.

Benefits

• our retirement savings plan (401K) with company match
• insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages
• paid-time off including vacation, sick leave, short term disability, and family care responsibilities
• access to our Employee Assistance Program
• incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans)
• eligibility for certain tax advantaged savings plans
• inclusive development opportunities
• flexible work-life support
• paid volunteer days
• vibrant employee networks

What This Job Offers

• Job Type: Full-time
• Career Level: Manager