Private Credit Fund Accounting and Administration, Vice President
About The Position
State Street is seeking a Vice President for its Private Markets group within Alternative Investment Solutions. The role partners with clients and colleagues to establish workflows and client deadlines, supervises staff, and delivers reporting, day-to-day accounting, and client support. The position 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 oversees client relationships and accounting and administration deliverables, including financial reporting, capital activity, reconciliations, management fees, allocations, and audit and tax coordination. The role involves substantial daily client interaction, oversight of internal workflows and deadlines, and ensuring that work complies with fund agreements and other legal documents. The position also requires identifying unusual or potentially suspicious transaction activity and escalating it under corporate policies 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 work under pressure while meeting client deliverables.
Nice To Haves
- Real estate, hedge fund, or private market accounting experience.
- Experience with Investran, Great Plains, and Oracle Financials.
Responsibilities
- Supervise lower-level staff, including Associate 1, Associate 2, Senior Staff, Officer, and AVP.
- Manage 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.
- Interact heavily with clients on a daily basis.
- 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.
- Handle special client projects.
- Manage internal workflow and client deadlines.
- Identify unusual or potentially suspicious transaction activity and report or escalate it in accordance with corporate policy and relevant operating procedures.
Benefits
- Retirement savings plan (401(k)) with company match.
- Insurance coverage, including basic life, medical, dental, vision, and long-term disability, with optional additional coverages.
- Paid time off, including vacation, sick leave, short-term disability, and family care responsibilities.
- Employee Assistance Program.
- Incentive compensation, including eligibility for annual performance-based awards, with stated exclusions for certain sales roles.
- Eligibility for certain tax-advantaged savings plans.
- Flexible work programs and work-life support.
- Paid volunteer days.
- Matching gift programs.
- Employee networks.
- Development programs and educational support.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
