Private Credit Fund Accounting & Administration, Officer

State Street•Quincy, MA

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 services for closed-end investment funds with a range of portfolio investments, including hybrid hedge and private credit products. The Private Credit NAV role is central to delivering these services and works daily with teams such as trade operations, investor services, custody, tax, and financial reporting in local and global locations. The Fund Accounting & Administration Officer assists with staff management, manages internal workflows and client deadlines, and maintains client relationships. The role reviews quarterly and annual financial work paper packages and reviews and/or prepares complex fee calculations and capital allocations.

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 time management and prioritization.
Demonstrated initiative and ability to perform under pressure while handling multiple assignments.
Ability to multi-task 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.
Experience with Investran or Geneva.

Responsibilities

Assist in managing 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 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, including management fees, waterfalls, and capital account allocations.

Benefits

Retirement savings plan (401K) 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.
Access to an Employee Assistance Program.
Incentive compensation, including eligibility for annual performance-based awards, subject to stated exclusions.
Eligibility for certain tax-advantaged savings plans.
Inclusive development opportunities.
Flexible work-life support.
Paid volunteer days.
Employee networks.