Private Credit, Fund Accounting & Administration, Officer
About The Position
State Street’s Private Credit team provides customized administrative services for closed-end investment funds with a variety of portfolio investments, including hybrid hedge and private credit products. The Private Credit NAV role is central to delivering these services and involves daily coordination with functional teams such as trade operations, investor services, custody, tax, and financial reporting across local and global locations. The role is part of International Fund Services, within State Street’s Alternative Investment Solutions business, which provides integrated fund accounting, administration, and risk services to hedge funds and private market funds. The Officer assists with managing staff and internal workflows, meeting client deadlines, and maintaining client relationships. Responsibilities also include reviewing financial work papers and preparing or reviewing complex fee calculations and allocations. The role requires strong judgment, communication, organization, leadership, and the ability to manage multiple assignments in a deadline-driven environment.
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 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 work efficiently and meet client deliverables in a deadline-driven environment.
- 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.
- Experience with Investran or Geneva; Investran experience is preferred.
- CPA qualification is favorable but not required.
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 effective 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.
- Basic life, medical, dental, vision, and long-term disability insurance, plus optional additional coverage.
- Paid time off, including vacation and sick leave, short-term disability, and leave for family care responsibilities.
- Access to an Employee Assistance Program.
- Eligibility for annual performance-based incentive 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.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
