Private Equity Fund Accounting & Administration, Officer
About The Position
State Street’s Alternative Investment Solutions business group provides administrative fund services to hedge fund and private equity managers. The Private Equity team delivers customized services for closed-end funds with varied portfolio investments, including hybrid hedge and private equity products. The Private Equity NAV role is central to administrative service delivery and involves daily interaction with trade operations, investor services, custody, tax, and financial reporting teams in local and global locations. As an Officer on the Fund Accounting & Administration team, you will supervise staff, manage workflows and client deadlines, and maintain client relationships. You will review fund accounting work papers, financial statements, and fee calculations, and coordinate annual audits.
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 be a leader within the team and among peers.
- Strong communication, interpersonal, and organizational skills, including 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 and function 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, waterfalls, and capital account allocations.
Benefits
- Retirement savings plan (401K) 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, with exclusions for certain sales roles.
- Eligibility for certain tax-advantaged savings plans.
- Inclusive development opportunities.
- Flexible work-life support.
- Paid volunteer days.
- Employee networks.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
