Private Credit, Fund Accounting & Administration, Senior Associate

State Street•Boston, MA

About The Position

The Senior Associate is a leader within the Private Credit Fund Services business unit of State Street’s Alternative Investment Services Group. The role supports global Private Credit funds and affiliated entities by preparing, analyzing, and reporting investment and fund performance data. The team provides financial reporting, day-to-day accounting, and administrative support to private market fund clients as part of State Street’s end-to-end alternative investment services. The position involves maintaining fund general ledgers; preparing financial statement and portfolio supporting materials; reviewing investment and fund performance; processing capital calls, distributions, and reconciliations; and calculating management fees, incentive fees, waterfalls, and capital account allocations. The role also includes client correspondence, maintaining relationships with clients and other service partners, and completing special projects.

Requirements

Fund accounting or public accounting experience.
Experience leading verbal and written communications with internal and external clients at senior levels.
Excellent administrative and organizational skills.
Demonstrated ability to multitask and work efficiently to meet client deliverables.

Responsibilities

Maintain the general ledger for various fund entities.
Prepare supporting work papers for financial statements, portfolio schedules, and capital account allocations.
Conduct analytical reviews of monthly and quarterly investment and fund performance data.
Review and/or prepare capital calls, distributions, and bank reconciliations.
Prepare management, annual, and incentive fee calculations.
Prepare client correspondence.
Calculate waterfalls and capital account allocations.
Complete special projects as requested.
Ensure compliance with legal documents.
Maintain working relationships with client contacts, auditors, tax professionals, lawyers, and banking personnel.

Benefits

401(k) retirement savings plan with company match.
Basic life, medical, dental, vision, and long-term disability insurance, with optional additional coverage.
Paid time off, including vacation and sick leave.
Short-term disability coverage.
Family care support.
Employee Assistance Program.
Eligibility for annual performance-based incentive awards, except for 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.