Fund Accounting Associate 2
About The Position
The Fund Accounting Associate 2 will support State Street Alternatives by processing and monitoring fund activity and preparing accounting calculations, reconciliations, workpapers, and reports. The role works with internal teams, clients, investment managers, auditors, and banks to resolve issues, meet client and internal deadlines, and maintain adherence to service-level agreements and established controls. The position also contributes to process improvements, client projects, new business setups, and conversions. The work takes place in a dynamic, challenging, and fast-paced environment, supported by established procedures and technology. Overtime may be required.
Requirements
- College diploma or university degree with a concentration in Accounting, Finance, or Economics.
- Working knowledge of Microsoft Excel and Word.
- Excellent communication and interpersonal skills.
- Collaborative team player.
- Strong attention to detail and accuracy, and organizational skills.
- Strong analytical skills and a proactive approach to problem solving.
- Confident, decisive, and energetic.
- Strong work ethic, flexibility, adaptability, and ability to work within deadlines.
- Can-do attitude and high energy.
- Self-motivated, with a passion for learning and growth.
Nice To Haves
- Knowledge of Bloomberg.
Responsibilities
- Complete daily processing and monitoring of fund activities.
- Prepare capital call and distribution calculations and related investor notices.
- Prepare or review periodic bank and cash reconciliations and post journal entries.
- Prepare quarterly management fee calculations.
- Prepare waterfall calculations and capital account allocations.
- Prepare fund trial balances and supporting workpapers.
- Assist with the quarter-end book closing process.
- Help manage internal workflow to meet internal processing and client deadlines.
- Work with other service departments to resolve errors and issues or reconcile discrepancies.
- Establish and maintain good working relationships with internal clients and colleagues.
- Ensure processes comply with service-level agreements and escalate issues when necessary.
- Participate in special client or internal projects as required.
- Assist with new business setup and conversions.
- Identify unusual or potentially suspicious transaction activity and report or escalate it in accordance with corporate policy and relevant procedures.
- Adhere to standard procedures and controls.
- Initiate, propose, and implement improvements to increase efficiency and accuracy.
- Liaise with investment managers, auditors, and banks.
- Pursue ongoing personal education and development by attending State Street training sessions.
Benefits
- Competitive and comprehensive benefits package, with details varying by location.
- Retirement savings plan (401(k)) with company match.
- Insurance coverage including basic life, medical, dental, vision, long-term disability, and optional additional coverages.
- Paid time off including vacation, sick leave, short-term disability, and family-care responsibilities.
- Employee Assistance Program.
- Incentive compensation, including eligibility for annual performance-based awards, subject to exclusions for certain sales roles.
- Eligibility for certain tax-advantaged savings plans.
- Flexible Work Program and flexible work-life support.
- Development programs and educational support.
- Paid volunteer days.
- Matching gift program.
- Employee networks.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
Associate degree
