Real Assets, Fund Accounting & Administration, Officer

State Street•Atlanta, GA

1d•$70,000 - $122,500

About The Position

The Fund Controller Group (FCG), part of State Street Global Services’ Real Assets Fund Administration Services team within the Alternative Investment Solutions division, prepares, analyzes, and reports performance and investment data for global real estate funds and affiliated entities. The department is based in the Atlanta office and provides clients and their investors with financial reports, fee calculations, investor capital notices, fund, investor, and investment return calculations, and other investor reporting. The team works with a detailed understanding of fund structures, limited partnership agreements, financial reporting, investments, and investor bases. This position is responsible for maintaining direct client relationships and overseeing day-to-day accounting and administration for investment funds and affiliated entities. The role supervises lower-level staff, manages client relationships and deadlines, reviews or prepares financial and tax workpapers, statements, calculations, notices, reconciliations, and correspondence, and coordinates audits and tax return preparation. It also involves daily client interaction, collaboration with internal teams, ensuring compliance with fund legal documents, and identifying and escalating unusual or potentially suspicious transactions according to company policy.

Requirements

Bachelor’s degree.
At least 5 years of general ledger accounting or audit experience.
At least 1 year of leadership experience.
Previous financial reporting experience.
Advanced Excel skills, including advanced formulas, pivot tables, and VLOOKUP.
Exceptional interpersonal and communication skills.
Ability to handle multiple assignments and pressure while delivering high-quality work.

Nice To Haves

Accounting degree.
Real estate, fund, or private equity accounting experience.
CPA or CPA candidate.

Responsibilities

Supervise Associate 1, Associate 2, and Senior Staff employees.
Manage client relationships with client personnel and fund investors, maintaining working relationships with investment professionals, investors, auditors, lawyers, and banking personnel.
Review quarterly and annual financial workpaper packages, including portfolio schedules, accruals, and PCAP allocations.
Review quarterly and annual financial statements and footnotes.
Review and/or prepare annual tax workpaper packages and estimated tax workpapers.
Review and/or prepare capital calls and distributions, including notices and release-merged documents.
Review monthly bank reconciliations and post journal entries.
Review quarterly management fee calculations.
Review and/or prepare client-related correspondence.
Work with the database team on client deliverables, including financial statements, capital calls, and distribution notices.
Coordinate annual audits and tax return preparation with Big 4 accounting firms.
Review and/or prepare waterfall and capital account allocations.
Navigate limited partnership agreements and ensure compliance with investment fund legal documents and agreements.
Assist accounting managers in ensuring compliance with investment fund agreements and other legal documents.
Complete special client projects.
Manage internal workflow and client deadlines.
Identify unusual or potentially suspicious transaction activity and report or escalate it in accordance with corporate policy and operating procedures.

Benefits

401(k) retirement savings plan with company match.
Basic life, medical, dental, vision, and long-term disability insurance, plus optional additional coverage.
Paid time off, including vacation, sick leave, short-term disability, and family-care responsibilities.
Employee Assistance Program.
Eligibility for annual performance-based incentive awards, except 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.
Employee networks.