Private Equity, Fund Accounting & Administration, Officer

State Street•Boston, MA

About The Position

State Street’s Private Equity team provides administrative fund services to private equity managers and investment funds with closed-end structures and diverse portfolio investments. The role may also service hybrid hedge fund and private equity products. The Private Equity NAV function is central to delivering administrative services and works daily with teams including trade operations, investor services, custody, tax, and financial reporting in local and globally diverse locations. As a Fund Accounting & Administration Officer, you will supervise staff, manage internal workflow and client deadlines, and maintain client relationships. You will review quarterly and annual financial work paper packages and financial statements, coordinate annual audits, and review or prepare complex fee calculations, including management fees, waterfall calculations, and capital account 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.
Ability to demonstrate initiative, perform under pressure, and handle multiple assignments simultaneously.
Excellent administrative and organizational skills, with the 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.
Experience with Investran or Geneva; Investran experience is preferred.

Responsibilities

Supervise Associate 1, Associate 2, and Senior Associate staff.
Manage internal workflow and client deadlines.
Manage client relationships and liaise with client personnel daily.
Maintain good 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, plus optional additional 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 exclusions for certain sales roles.
Eligibility for certain tax-advantaged savings plans.
Inclusive development opportunities.
Flexible work-life support.
Paid volunteer days.
Employee networks.