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, including hybrid hedge and private credit products. The Private Credit NAV role is central to delivering these administrative services and involves daily interaction with trade operations, investor services, custody, tax, and financial reporting teams in local and global locations. As a Fund Accounting & Administration Officer, you will help manage staff, oversee workflows and client deadlines, and maintain client relationships. You will review financial work papers and prepare or review complex fee calculations, waterfall calculations, and capital account allocations. The role is part of International Fund Services (IFS), 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 a team and among peers.
Strong communication, interpersonal, and organizational skills, including time management and prioritization.
Ability to demonstrate initiative, perform under pressure, and handle multiple assignments simultaneously.
Excellent administrative and organizational skills, with the 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 is desired.
Investran experience is preferred.
CPA qualification is favorable but not required.
Experience with Investran or Geneva is favorable but not required.

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 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, management fees, waterfall calculations, and capital account allocations.

Benefits

401(k) retirement savings plan with company match.
Basic life, medical, dental, vision, and long-term disability insurance, with other optional 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, 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.