Private Credit Fund Accounting & Administration, Officer

State Street•Boston, MA

6d•$70,000 - $122,500

About The Position

State Street’s Alternative Investment Solutions business provides administrative fund services to hedge fund and private market managers. The Private Credit team delivers customized solutions for 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 administrative services and involves daily interaction with trade operations, investor services, custody, tax, and financial reporting teams in local and globally diverse locations. The Fund Accounting & Administration, Officer assists with managing staff, including Associate 1, Associate 2, and Senior Associate staff; manages internal workflow and client deadlines; and manages client relationships, liaising with client personnel daily. The role maintains working relationships with client contacts, including investment professionals, investors, auditors, lawyers, and banking personnel. It also reviews quarterly and annual financial work paper packages, including portfolio schedules, accruals, and partner capital allocations, and reviews and/or prepares complex fee calculations, management fees, waterfalls, and capital account allocations. The position is part of International Fund Services (IFS), also known as Alternative Investment Solutions, a provider of fund accounting, fund administration, and risk services to hedge funds and private market funds. Its integrated services cover front-, middle-, and back-office requirements of institutional investors.

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 excellent time management and prioritization.
Demonstrated initiative and ability to perform under pressure while handling multiple assignments.
Excellent administrative and organizational skills, with the ability to multitask efficiently and meet client deliverables.
Ability to thrive and function 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

Assist in managing 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, waterfalls, and capital account allocations.

Benefits

401(k) retirement savings plan with company match.
Basic life, medical, dental, vision, long-term disability, and optional insurance coverage.
Paid time off, including vacation, sick leave, short-term disability, and family care responsibilities.
Access to an Employee Assistance Program.
Eligibility for annual performance-based incentive 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.