Private Credit Fund Accounting and Administration, Vice President
About The Position
State Street is seeking a Vice President for its Private Markets team within the Alternative Investment Solutions Group. The role partners with clients and colleagues to establish workflows and client deadlines, supervises staff, and delivers reporting, day-to-day accounting, and support for clients. The team is part of International Fund Services (IFS), also known as Alternative Investment Solutions, which provides integrated fund accounting, fund administration, and risk services to hedge funds and private credit funds. The Vice President manages client relationships and internal workflows, oversees accounting and financial reporting deliverables, coordinates annual audits and tax return preparation, and ensures compliance with fund agreements and other legal documents. The position involves substantial daily interaction with clients and fund investors, as well as coordination with investment professionals, auditors, lawyers, banking personnel, and internal teams. The role also requires identifying and escalating unusual or potentially suspicious transaction activity in accordance with corporate policy and procedures.
Requirements
- Bachelor’s degree in accounting.
- At least 8 years of general ledger accounting or audit experience.
- At least 5 years of leadership experience.
- Previous financial reporting experience.
- Advanced Excel skills, including advanced formulas, pivot tables, and VLOOKUP.
- Strong critical thinking, problem-solving, and decision-making skills.
- Excellent administrative and organizational skills.
- Ability to multitask and work efficiently to meet client deliverables.
- Exceptional interpersonal and communication skills.
- Ability to handle multiple assignments and pressure while working efficiently to meet client deliverables.
- Well-organized, detail-oriented, and analytical.
Nice To Haves
- Real estate, hedge fund, or private market accounting experience.
Responsibilities
- Supervise lower-level staff, including Associate 1, Associate 2, Senior Staff, Officer, and AVP.
- Manage client relationships with client personnel and fund investors.
- Review quarterly and annual financial work paper packages, including portfolio schedules, accruals, and PCAP allocations.
- Review quarterly and annual financial statements and footnotes.
- Review and/or prepare annual tax work paper packages.
- Review and/or prepare capital calls and distributions, including notices and release-merged documents.
- Review monthly bank reconciliations and post journal entries.
- Review quarterly management fee calculations.
- Review and/or prepare client-related correspondence.
- Work with the database team on client deliverables such as financial statements, capital calls, and distribution notices.
- Maintain heavy daily client interaction.
- Coordinate annual audits and tax return preparation with Big 4 accounting firms.
- Review and/or prepare waterfall and capital account allocations.
- Navigate limited partnership agreements.
- Review and/or prepare estimated tax workpapers.
- Maintain working relationships with client contacts, including investment professionals, investors, auditors, lawyers, and banking personnel.
- Ensure compliance with investment fund legal documents, including partnership agreements.
- Assist accounting managers in ensuring compliance with investment fund agreements and other legal documents.
- Manage special client projects.
- Manage internal workflow and client deadlines.
- Identify unusual or potentially suspicious transaction activity and report or escalate it according to corporate policy and relevant operating procedures.
Benefits
- Retirement savings plan (401K) 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 leave for family care responsibilities.
- Employee Assistance Program.
- Eligibility for annual performance-based incentive awards, with certain sales-role exceptions.
- Eligibility for certain tax-advantaged savings plans.
- Flexible Work Programs and work-life support.
- Development programs and educational support.
- Paid volunteer days.
- Matching gift programs.
- Employee networks.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
