Private Credit Fund Accounting and Administration, Vice President

State Street•Boston, MA

About The Position

State Street is seeking a Vice President for its Private Markets team within Alternative Investment Solutions to provide fund accounting, administration, reporting, and day-to-day client support for private credit funds. The VP partners with clients and colleagues to establish workflows and client deadlines and supervises staff. The role is part of International Fund Services (IFS), a provider of fund accounting, fund administration, and risk services offering integrated solutions across front-, middle-, and back-office requirements. The VP oversees accounting and reporting deliverables, client relationships, staff workflow, and compliance with fund agreements and legal documents. The position involves frequent client interaction and coordination with fund investors, investment professionals, auditors, lawyers, banking personnel, and Big Four accounting firms. The role also requires identifying and escalating unusual or potentially suspicious transaction activity under corporate policies and procedures.

Requirements

Bachelor’s degree with 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.

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 relationships with client personnel and fund investors.
Review quarterly and annual financial workpaper packages, including portfolio schedules, accruals, and PCAP allocations.
Review quarterly and annual financial statements and footnotes.
Review and/or prepare annual tax workpaper 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, including financial statements, capital calls, and distribution notices.
Coordinate annual audits and tax return preparation with Big Four accounting firms.
Review and/or prepare waterfall and capital account allocations.
Navigate limited partnership agreements and ensure compliance with investment fund legal documents, including partnership agreements.
Assist accounting managers in ensuring compliance with investment fund agreements and other legal documents.
Complete 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.
Maintain working relationships with client contacts, including investment professionals, investors, auditors, lawyers, and banking personnel.

Benefits

Retirement savings plan (401(k)) with company match.
Medical insurance.
Dental insurance.
Vision insurance.
Basic life insurance and other optional coverage.
Long-term disability coverage.
Paid time off, including vacation and sick leave.
Short-term disability coverage.
Family-care support.
Employee Assistance Program.
Eligibility for annual performance-based incentive awards, except certain sales roles subject to sales incentive plans.
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.