Investment Performance Analysis, Senior Associate

State Street•Quincy, MA

3d•$52,000 - $84,760

About The Position

We are looking for a leader within the Private Equity and Real Assets Fund Services business unit of the State Street Alternative Investment Services Group. This team is comprised of dedicated accounting professionals passionate about delivering financial reporting and day-to-day accounting and administrative support to premier real estate fund clients. As a Senior Associate, you will be responsible for the preparation, analysis, and reporting of investment and fund performance data for global real estate funds and affiliated entities. This role is part of International Fund Services (IFS), acquired by State Street in July 2002, also known as Alternative Investment Solutions, a recognized industry-leading provider of fund accounting, fund administration, and risk services to hedge funds and private equity funds. These services are fully integrated to provide complete end-to-end solutions that span the front-, middle-, and back-office requirements of institutional investors.

Requirements

Fund accounting or Public Accounting experience
CPA or actively pursuing CPA certification
Experience leading verbal and written communications at senior levels with internal and external clients
Excellent administrative and organizational skills with demonstrated ability to multi-task and to work efficiently to meet client deliverables.
Strong computer competence (Microsoft Applications: Word Excel)
Aptitude for math
Strong oral communication and interpersonal skills
Strong accuracy aptitude and detail orientation
Ability to multi-task and work under pressure within a deadline oriented environment

Nice To Haves

Training will be provided onsite with additional trainings throughout the year.
Overtime required if deliverables not met.

Responsibilities

Maintaining the general ledger for various fund entities
Preparing supporting work papers for financial statements, portfolio schedules and capital account allocations
Preparing financial statements and footnote disclosures
Analytical review of monthly/quarterly investment and fund performance data
Reviewing and/or preparing of capital calls, distributions and bank reconciliations
Preparing management, annual and incentive fee calculations
Preparing various client correspondences
Calculating waterfalls and capital account allocations
Special projects as requested
Process alternative investments (limited partnerships real estate and hedge funds) activity and valuations for some of the largest pension and endowment plans in the world.
Process limited partnership real estate and hedge fund activity to the accounting books of records within 24 hours or receipt using the correct general ledgers and accounting functions.
Monitor daily exceptions between custody and accounting applications with a focus to clear in 4 days or less.
Retrieve limited partnership real estate and hedge fund statements from manager websites/emails and update the market values in the valuation tool.
Run pricing daily/monthly and review/confirm all price changes over 5%.
Complete daily and month end checklists to confirm all activity and pricing is complete.
Monitor client mailboxes and clear them daily up to 4PM.
Be a team player and support the team on daily deliverables as well as client projects.
Aide in the setup of clients on State Streets electronic cash flow module (ECFM).
Maintenance of client requirements and provision of reports as provided for by these client requirements
Participation in change management activities as assigned (e.g. restructures new benchmarks etc)
Delivery of Universe and related products within prescribed timescales as assigned
Liaison with data providers colleagues and clients on issues and initiatives relating to the quality and timeliness of data and the content of the reports
Active engagement in production monitoring and quality assurance processes
Processing and validation of data within specified timescales
Effective and timely handovers of work in progress to other teams as appropriate
Execution of quality control checks on reports prepared by performance administrators

Benefits

our retirement savings plan (401K) with company match
insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages
paid-time off including vacation, sick leave, short term disability, and family care responsibilities
access to our 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
vibrant employee networks