Private Equity, Fund Accounting & Administration, Officer

State Street•Boston, MA

1d•$52,000 - $84,760

About The Position

State Street’s Alternative Investment Solutions business group provides administrative fund services to hedge fund and private equity managers. The Private Equity team delivers customized services for closed-end investment funds with varied portfolio investments, and this role may support hybrid hedge and private equity products for leading asset managers. The Private Equity NAV role is central to delivering administrative services and involves daily interaction with teams such as trade operations, investor services, custody, tax, and financial reporting, including colleagues in global locations. As a Fund Accounting & Administration Officer, you will supervise staff, manage workflows and client deadlines, and maintain client relationships. You will review financial work papers and statements, coordinate annual audits, and prepare or review complex fee calculations and allocations. The position is part of State Street Global Services, which provides asset owners and managers with custody, accounting, fund administration, shareholder recordkeeping, and operations services for alternative assets. The stated annual salary range is $52,000–$84,760 for the primary location; the applicable range may differ if the employee works elsewhere. Eligible employees may participate in the company’s benefits program.

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.
Initiative and ability to perform under pressure while handling multiple assignments.
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 (401(k)) with company match.
Basic life, medical, dental, vision, and long-term disability insurance, with optional additional coverage.
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, 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.