Private Credit, Fund Accounting & Administration, Officer

State Street•Kansas City, MO

About The Position

State Street’s Private Credit team provides customized administrative fund services to investment funds with closed-end structures and varied portfolio investments, including hybrid hedge and private credit products. The Private Credit NAV role is central to delivering these services and involves daily interaction with functional teams such as trade operations, investor services, custody, tax, and financial reporting in local and globally diverse locations. As an Officer, the role includes assisting with staff management, overseeing internal workflows and client deadlines, and managing client relationships. The position reviews quarterly and annual financial work paper packages and reviews and/or prepares complex fee calculations, including management fees, waterfall calculations, and capital account allocations.

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.

Nice To Haves

Experience with alternative investment asset classes, complex fund structures, and fee calculations.
CPA qualification.
Experience with Investran or Geneva.
Investran experience.

Responsibilities

Assist in managing 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 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, management fees, waterfall calculations, and capital account allocations.

Benefits

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