Private Equity Fund Accounting & Administration, Officer

State Street•Quincy, MA

About The Position

State Street’s Alternative Investment Solutions business provides administrative fund services to hedge fund and private equity managers. The private equity team delivers customized service solutions for closed-end investment funds with varied portfolio investments, including hybrid hedge and private equity products. The PE NAV role is a central part of delivering these administrative services and works daily with functional teams such as trade operations, investor services, custody, tax, and financial reporting across local and globally diverse locations. As a Fund Accounting & Administration Officer within State Street Global Services, you will supervise staff, manage workflows and client deadlines, maintain client relationships, and review financial work papers, financial statements, fee calculations, and audit materials for private equity funds.

Requirements

Bachelor’s degree in Accounting or Finance.
At least 5 to 6 years of private equity experience.
Strong critical-thinking, problem-solving, and decision-making skills.
Ability to lead within the team and among peers.
Strong communication, interpersonal, and organizational skills, including excellent time management and prioritization.
Demonstrated initiative and ability to perform under pressure while handling multiple assignments.
Excellent administrative and organizational skills, with the ability to multitask and work efficiently to meet client deliverables.
Ability to thrive in a high-pressure, deadline-driven environment.

Nice To Haves

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

Responsibilities

Supervise staff, including Associate 1, Associate 2, and Senior Associate staff.
Manage internal workflow and client deadlines.
Manage client relationships and liaise with client personnel daily.
Maintain good working relationships with 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 coordinate annual audits.
Review and/or prepare complex fee calculations, including management fees, waterfall calculations, and capital account allocations.

Benefits

Retirement savings plan (401(k)) with company match.
Insurance coverage including basic life, medical, dental, vision, long-term disability, and optional additional coverages.
Paid time off, including vacation, sick leave, short-term disability, and family care responsibilities.
Access to an Employee Assistance Program.
Incentive compensation, including eligibility for annual performance-based awards, subject to role-specific exclusions or plans.
Eligibility for certain tax-advantaged savings plans.
Inclusive development opportunities.
Flexible work-life support.
Paid volunteer days.
Employee networks.