Private Credit, Fund Accounting & Administration, Senior Associate

State Street•Boston, MA

2d•$52,000 - $94,120•Onsite

About The Position

This role is for a leader within the Private Credit Fund Services business unit of the State Street Alternative Investment Services Group. The team is composed of dedicated accounting professionals focused on delivering financial reporting and day-to-day accounting and administrative support to premier real estate fund clients. The Senior Associate will be responsible for the preparation, analysis, and reporting of investment and fund performance data for global Private Credit funds and affiliated entities. The team is part of International Fund Services (IFS), acquired by State Street in July 2002, also known as Alternative Investment Solutions, a leading provider of fund accounting, fund administration, and risk services to Hedge Funds and Private Market Funds. These services are integrated to provide end-to-end solutions for institutional investors.

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 with demonstrated ability to multi-task and to work efficiently to meet client deliverables.

Responsibilities

Maintaining the general ledger for various fund entities
Preparing supporting work papers for financial statements, portfolio schedules and capital account allocations
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
Ensuring compliance with legal documents
Maintaining working relationship with all client contacts, auditors, tax, lawyers and banking personnel

Benefits

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
eligibility for certain tax advantaged savings plans
inclusive development opportunities
flexible work-life support
paid volunteer days
vibrant employee networks