Private Equity Fund Accounting & Administration, Senior Associate

State Street•Boston, MA

About The Position

The Senior Associate is a leader within State Street’s Private Equity and Real Assets Fund Services business unit in the Alternative Investment Services Group. The role supports premier real estate fund clients by preparing, analyzing, and reporting investment and fund performance data for global real estate funds and affiliated entities. The position is part of International Fund Services (IFS), also known as Alternative Investment Solutions, which provides integrated fund accounting, fund administration, and risk services to hedge funds and private equity funds. The role involves maintaining fund entity general ledgers; preparing financial statements, disclosures, supporting work papers, portfolio schedules, and capital account allocations; reviewing performance data; and handling capital activity, reconciliations, fees, waterfalls, and client correspondence. The position also requires ensuring compliance with legal documents and maintaining working relationships with clients and other professional contacts. Employees located within commuting distance may be required to work onsite at a State Street location two or three days per week.

Requirements

Fund accounting or public accounting experience.
Excellent administrative and organizational skills.
Demonstrated ability to multitask and work efficiently to meet client deliverables.

Nice To Haves

CPA certification or actively pursuing CPA certification.
Experience leading verbal and written communications at senior levels with internal and external clients.

Responsibilities

Maintain the general ledger for various fund entities.
Prepare supporting work papers for financial statements, portfolio schedules, and capital account allocations.
Prepare financial statements and footnote disclosures.
Perform analytical reviews of monthly and quarterly investment and fund performance data.
Review and/or prepare capital calls, distributions, and bank reconciliations.
Prepare management, annual, and incentive fee calculations.
Prepare client correspondence.
Calculate waterfalls and capital account allocations.
Complete special projects as requested.
Ensure compliance with legal documents.
Maintain working relationships with client contacts, auditors, tax professionals, lawyers, and banking personnel.

Benefits

Retirement savings plan (401K) with company match.
Medical insurance.
Dental insurance.
Vision insurance.
Basic life insurance and long-term disability coverage, with other optional coverages.
Paid time off, including vacation, sick leave, short-term disability, and family care responsibilities.
Employee Assistance Program.
Incentive compensation, including eligibility for annual performance-based awards.
Eligibility for certain tax-advantaged savings plans.
Flexible Work Programs.
Development programs and educational support.
Paid volunteer days.
Matching gift programs.
Employee networks.