Private Equity Fund Accounting & Administration, Officer

State Street•Boston, MA

13d

About The Position

State Street’s Alternative Investment Solutions business group provides administrative fund services to hedge fund and private equity managers. Its Private Equity team delivers customized services for closed-end investment funds with diverse portfolio investments and also services hybrid hedge and private equity products for leading asset managers. The Private Equity NAV role is central to delivering administrative services and works with functional teams including trade operations, investor services, custody, tax, and financial reporting teams in local and global locations. The Fund Accounting & Administration Officer supervises staff, manages internal workflows and client deadlines, and oversees client relationships and daily communication with client personnel. The position reviews quarterly and annual work papers and financial statements, coordinates annual audits, and reviews or prepares complex fee calculations and allocations. The position is part of State Street Global Services, which provides asset owners and managers with custody, accounting, fund administration, shareholder recordkeeping, and operations and servicing solutions for alternative assets. State Street describes an inclusive environment with development opportunities, work-life support, paid volunteer days, and employee networks.

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 in a high-pressure, deadline-driven environment.
Experience with alternative investment asset classes, complex fund structures, and fee calculations is desired.

Nice To Haves

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

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 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, waterfalls, and capital account allocations.

Benefits

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