Private Credit, Fund Accounting & Administration, Senior Associate

State Street•Kansas City, MO

About The Position

The Senior Associate will work within the Private Credit Fund Services business unit of State Street’s Alternative Investment Services Group, supporting global Private Credit funds and affiliated entities. The role focuses on preparing, analyzing, and reporting investment and fund performance data, and on delivering financial reporting and day-to-day accounting and administrative support to fund clients. The team provides integrated fund accounting, fund administration, and risk services to hedge funds and private market funds, spanning front-, middle-, and back-office requirements. The position also involves maintaining client relationships and ensuring compliance with legal documents. The Senior Associate may be asked to take on special projects. State Street describes its benefits program as including retirement savings with company matching, insurance coverage, paid time off, access to an Employee Assistance Program, incentive compensation eligibility, and certain tax-advantaged savings plans. The company also cites inclusive development opportunities, flexible work-life support, paid volunteer days, and employee networks.

Requirements

Fund accounting or public accounting experience.
Experience leading verbal and written communications at senior levels with internal and external clients.
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

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.
Access to an Employee Assistance Program.
Eligibility for annual performance-based incentive awards, except 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.