Private Credit Fund Accounting and Administration, Vice President

State Street • Boston, MA

8d

About The Position

State Street is seeking a Vice President in Private Markets within its Alternative Investment Solutions group to provide fund accounting, administration, reporting, and day-to-day client support for private credit funds. The role partners with clients and colleagues to establish workflows and deadlines, supervises staff, manages client relationships, and delivers accurate client reporting and accounting services. It is part of International Fund Services (IFS), State Street’s provider of integrated fund accounting, fund administration, and risk services for alternative investments.

The Vice President supervises junior staff and manages relationships with client personnel and fund investors. Responsibilities include reviewing and preparing financial work papers, statements, tax materials, capital activity, reconciliations, fees, allocations, and client correspondence. The role coordinates annual audits and tax return preparation with Big Four accounting firms, ensures compliance with fund agreements and legal documents, and manages internal workflow and client deadlines. It also requires daily client interaction and escalation of unusual or potentially suspicious transaction activity in accordance with company 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 pressure while working efficiently to meet client deliverables.

Nice To Haves

• Real estate, hedge fund, or private market accounting experience.
• Experience with Investran, Great Plains, and Oracle Financials.

Responsibilities

• Supervise Associate 1, Associate 2, Senior Staff, Officer, and AVP staff.
• 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, 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.
• Assist accounting managers with ensuring compliance with investment fund agreements and other legal documents.
• Review and/or prepare estimated tax work papers.
• Maintain working relationships with investment professionals, investors, auditors, lawyers, and banking personnel.
• Manage internal workflow and client deadlines.
• Handle special client projects.
• Identify unusual or potentially suspicious transaction activity and report or escalate it in accordance with corporate policy and operating procedures.

Benefits

• Retirement savings plan (401(k)) with company match.
• Medical insurance.
• Dental insurance.
• Vision insurance.
• Basic life insurance and other optional insurance coverage.
• Long-term disability coverage.
• Paid time off, including vacation, sick leave, short-term disability, and family-care leave.
• Employee Assistance Program.
• Eligibility for annual performance-based incentive awards.
• Access to certain tax-advantaged savings plans.
• Flexible work programs.
• Development programs and educational support.
• Paid volunteer days.
• Matching gift programs.
• Employee networks.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior