Private Equity, Fund Accounting & Administration, Officer

State Street•Boston, MA

About The Position

State Street is a leader in providing administrative fund services to both Hedge Fund and Private Equity managers within its Alternative Investment Solutions business group. The Private Equity team offers customized service solutions for investment funds with closed-end structures and diverse portfolio investments. This role provides a unique opportunity to service hybrid hedge and private equity products for leading asset managers. The Private Equity NAV role is central to the delivery of administrative services, involving daily interaction with functional teams including trade operations, investor services, custody, tax, and financial reporting, both locally and globally. The team is part of State Street Global Services (SSGS), which provides essential financial tools to asset owners and managers for effective investment solutions, including core custody, accounting, fund administration, shareholder recordkeeping, and operations solutions for alternative assets. Joining this team offers the chance to make a significant impact in the financial services industry from day one.

Requirements

Strong critical thinking, problem solving, and decision making skills
An ability to be a leader within their team, as well as be a leader amongst your peers
Strong communication, interpersonal, and organizational skills, which includes excellent time management and prioritization skills
Candidates must demonstrate initiative, be able to perform well under pressure, and simultaneously handle multiple assignments
Excellent administrative and organizational with the proven ability to multi-task and to work efficiently to meet client deliverables
Bachelor’s degree in Accounting or Finance
At least 5 to 6 years of Private Equity experience
Experience with alternative investment asset classes, complex fund structures and fee calculations desired
Ability to thrive and function in a high pressure deadline driven environment

Nice To Haves

Investran experience is preferred
CPA qualification is favourable but not required
Experience with Investran or Geneva favourable but not required

Responsibilities

Supervise staff (including Associate 1, Associate 2, and Senior Associate Staff)
Manage internal workflow and client deadlines
Manage client relationships & liaising with client personnel on a daily basis
Maintain good working relationship with all 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 quarterly and annual financial statements and footnotes and coordinating annual audits
Review and/or prepare complex fee calculations, management fees, waterfall, and capital account allocations etc.

Benefits

Retirement savings plan (401K) with company match
Insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages
Paid-time off including vacation, sick leave, short term disability, and family care responsibilities
Access to our Employee Assistance Program
Incentive compensation including eligibility for annual performance-based 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
Vibrant employee networks