Private Equity Fund Accounting & Administration, Senior Associate

State Street•Boston, MA

13h

About The Position

As a Senior Associate in State Street’s Private Equity and Real Assets Fund Services business unit, you will prepare, analyze, and report investment and fund performance data for global real estate funds and affiliated entities. The team provides financial reporting, accounting, and administrative support to real estate fund clients as 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 statement support, portfolio schedules, and capital account allocations; preparing financial statements and disclosures; reviewing performance data; and handling capital calls, distributions, reconciliations, fees, waterfalls, and client communications. It also requires supporting compliance with legal documents and maintaining working relationships with client contacts and other external parties.

Requirements

Fund accounting or public accounting experience.
CPA certification or active pursuit of CPA certification.
Experience leading verbal and written communications with internal and external clients at senior levels.
Excellent administrative and organizational skills.
Demonstrated ability to multitask and work efficiently to meet client deliverables.

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.
Analyze and review 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.
Insurance coverage including basic life, medical, dental, vision, and long-term disability, with other optional additional coverages.
Paid time off, including vacation, sick leave, short-term disability, and family care responsibilities.
Access to an Employee Assistance Program.
Eligibility for annual performance-based incentive 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.
Employee networks.