Private Credit, Fund Accounting & Administration, Officer

State Street•Kansas City, KS

About The Position

State Street’s Private Credit team, part of Alternative Investment Solutions, provides administrative services to investment funds with closed-end structures and varied portfolio investments. The role offers the opportunity to service hybrid hedge and private credit products for leading asset managers. The Private Credit NAV role is central to delivering administrative services and involves daily interaction with teams including trade operations, investor services, custody, tax, and financial reporting across local and global locations. As an Officer, you will assist with staff management, oversee internal workflows and client deadlines, and manage client relationships. You will review financial work papers and prepare or review complex fee calculations and allocations. The role is part of International Fund Services (IFS), also known as Alternative Investment Solutions, a provider of fund accounting, fund administration, and risk services to hedge funds and private market funds.

Requirements

Bachelor’s degree in Accounting or Finance.
At least 5 to 6 years of Private Market experience.
Strong critical-thinking, problem-solving, and decision-making skills.
Ability to act as a leader 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 multi-task 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.

Responsibilities

Assist in managing 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 and/or prepare complex fee calculations, including management fees, waterfalls, 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 and sick leave, short-term disability, and family-care responsibilities.
Access to an Employee Assistance Program.
Eligibility for annual performance-based incentive 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.
Employee networks.