Fund Accounting & Administration (Private Equity), Assistant Vice President (Hybrid)
About The Position
State Street’s Alternative Investment Solutions business provides administrative fund services to hedge fund and private equity managers. The Private Equity team delivers customized solutions for closed-end investment funds and varied portfolio investments, including hybrid hedge and private equity products. The PE NAV role coordinates the delivery of administrative services and works daily with trade operations, investor services, custody, tax, and financial reporting teams in local and global locations. As Fund Accounting & Administration Assistant Vice President, you will manage a growing team of financial services professionals responsible for accounting and administrative services for alternative investment clients. The role covers investor income allocations, management and incentive fee calculations under waterfall provisions, capital calls and distributions, portfolio and fund-level accounting, and review and approval of monthly or quarterly NAV reporting. You will also lead fund onboarding and launches, support client satisfaction and regulatory compliance, advance technology solutions for complex reporting and data needs, identify cross-sell opportunities, and contribute to strategic process and operating-model improvements.
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.
- Good interpersonal skills.
- Attention to detail.
- Effective time management.
- Highly effective communication and management skills.
- 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
- Manage a growing team delivering accounting and administrative services for one or more alternative investment client relationships.
- Allocate income to investors and determine management and incentive fees in accordance with waterfall provisions.
- Process capital events, including capital calls and distributions.
- Oversee portfolio- and fund-level accounting for numerous funds, including review and approval of monthly or quarterly net asset value reporting.
- Lead onboarding of existing client funds and launch of new funds.
- Maintain a strong commitment to client satisfaction.
- Ensure adherence to internal policies and procedures and external governing regulations.
- Design and promote technology solutions for clients’ complex reporting and data requirements.
- Identify and participate in cross-sell opportunities.
- Participate in strategic working groups to improve processes and the operating model.
- Recruit, hire, train, motivate, and develop staff.
Benefits
- Retirement savings plan (401(k)) with company match.
- Medical, dental, vision, basic life, and long-term disability insurance, along with optional additional coverage.
- Paid time off, including vacation, sick leave, short-term disability, and leave for family care responsibilities.
- Employee Assistance Program.
- Eligibility for annual performance-based incentive awards, except certain sales roles subject to sales incentive plans.
- Eligibility for certain tax-advantaged savings plans.
- Flexible work programs.
- Development programs and educational support.
- Paid volunteer days.
- Matching gift programs.
- Employee networks.
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What This Job Offers
Job Type
Full-time
Career Level
Manager
