Real Assets, Fund Accounting & Administration, Officer

State Street•Clifton, NJ

About The Position

The Fund Controller Group (FCG), part of State Street Global Services’ Alternative Investment Solutions division, prepares, analyzes, and reports performance investment data for global real estate funds and affiliated entities. The group provides clients and investors with financial reports, fee calculations, investor capital notices, fund, investor, and investment return calculations, and other investor reporting. The team works with client executive management and IT to develop systems and processes for accurate, high-quality, timely fund administration services. The Fund Accounting & Administration Officer maintains direct client relationships and oversees the day-to-day accounting and administration of investment funds and affiliated entities. The role supervises lower-level staff and manages client relationships with client personnel and fund investors. It includes reviewing or preparing financial work papers and statements, tax materials, capital calls and distributions, bank reconciliations, journal entries, fee calculations, client correspondence, waterfall and capital account allocations, and estimated tax work papers. The Officer coordinates annual audits and tax return preparation with Big Four accounting firms, manages workflow and client deadlines, and helps ensure compliance with fund agreements and legal documents. The position also requires identifying and escalating unusual or potentially suspicious transaction activity in accordance with corporate policy and procedures. The position is based in the Atlanta office. The salary range is $70,000–$122,500 annually, with the applicable range potentially differing outside the primary location. Employees are eligible for State Street’s benefits program, which includes retirement savings with company match, insurance coverage, paid time off, access to an Employee Assistance Program, incentive compensation eligibility, and certain tax-advantaged savings plans. The company also highlights inclusive development opportunities, flexible work-life support, paid volunteer days, and employee networks.

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.
Well-organized, detail-oriented, and analytical approach.
Exceptional interpersonal and communication skills.
Ability to handle multiple assignments and pressure simultaneously while delivering high-quality work.

Nice To Haves

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

Responsibilities

Supervise lower-level staff, including Associate 1, Associate 2, and Senior Staff.
Manage client relationships with client personnel and fund investors, including daily client interaction.
Review quarterly and annual financial work paper packages, including portfolio schedules, accruals, and PCAP allocations.
Review quarterly and annual financial statements and footnotes.
Review and/or prepare annual tax work paper packages.
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 such as financial statements, capital calls, and distribution notices.
Coordinate annual audits and tax return preparation with Big Four accounting firms.
Review and/or prepare waterfall and capital account allocations.
Navigate limited partnership agreements and help ensure compliance with investment fund agreements and other legal documents.
Review and/or prepare estimated tax work papers.
Maintain working relationships with client contacts, including investment professionals, investors, auditors, lawyers, and banking personnel.
Manage internal workflow and client deadlines.
Identify unusual or potentially suspicious transaction activity and report or escalate it in accordance with corporate policy and relevant operating procedures.
Assist accounting managers in ensuring compliance with investment fund agreements and other legal documents.
Handle special client projects.

Benefits

Retirement savings plan (401(k)) with company match.
Insurance coverage, including basic life, medical, dental, vision, and long-term disability insurance, with other optional additional coverages.
Paid time off, including vacation, 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.