Private Equity, Fund Accounting & Administration, Officer

State Street•Quincy, MA

About The Position

State Street is an industry leader in providing administrative fund services to both Hedge Fund and Private Equity managers within their Alternative Investment Solutions business group. The Private Equity team delivers customized service solutions for investment funds that have closed end structures and a variety of portfolio investments. This opportunity offers candidates the chance to service hybrid hedge and private equity products for industry leading asset managers. The PE 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 locally and in globally diverse locations. The team is part of State Street Global Services (SSGS), which provides asset owners and managers with essential financial tools for effective investment solutions, including core custody, accounting, fund administration, shareholder recordkeeping, and complete operations solutions for alternative assets like OTC derivatives, private equity, and real estate. SSGS' tools help clients make better investment choices and act on growth opportunities.

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
Ability to thrive and function in a high pressure deadline driven environment

Nice To Haves

Investran experience is preferred.
Experience with alternative investment asset classes, complex fund structures and fee calculations desired
CPA qualification is favourable
Experience with Geneva favourable

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