Private Equity Fund Accounting & Administration, Officer
About The Position
State Street’s Private Equity team provides customized administrative services to closed-end investment funds with a variety of portfolio investments. The role may support hybrid hedge fund and private equity products for leading asset managers. The Private Equity NAV role serves as a hub for administrative service delivery and interacts with functional teams including trade operations, investor services, custody, tax, and financial reporting, across local and global locations. As an Officer, the position supervises staff, manages internal workflow and client deadlines, and maintains client relationships. It reviews and/or prepares financial work papers, statements, audit materials, fee calculations, and capital allocations for quarterly and annual reporting.
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.
- 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; favorable but not required.
- Experience with Investran or Geneva; favorable but not required.
- Investran experience is preferred.
Responsibilities
- Supervise staff, including 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 and sick leave, short-term disability, and family care responsibilities.
- Access to an Employee Assistance Program.
- Incentive compensation, including eligibility for annual performance-based 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.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
