Private Credit Fund Accounting & Administration, Officer

State Street•Boston, 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 varied portfolio investments and also services hybrid hedge and private credit products for leading asset managers. The Private Credit NAV role is central to delivering these administrative services, with daily interaction across functional teams such as trade operations, investor services, custody, tax, and financial reporting in local and global locations. The Fund Accounting & Administration Officer assists in managing staff and workflows, oversees client deadlines and relationships, and reviews or prepares financial work papers and complex fee and capital allocation calculations. The role is part of International Fund Services, also known as Alternative Investment Solutions, which provides integrated fund accounting, administration, and risk services to hedge funds and private market funds.

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.
Demonstrate initiative and perform well under pressure while handling multiple assignments.
Ability to multitask efficiently and 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; 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 effective 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

401(k) retirement savings plan with company match.
Insurance coverage, including basic life, medical, dental, vision, and long-term disability, plus optional additional coverage.
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, 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.