Private Equity Fund Accounting & Administration, Senior Associate

State Street•Boston, MA

6d•$52,000 - $94,120•Hybrid

About The Position

The Senior Associate will work within State Street’s Private Equity and Real Assets Fund Services business unit, part of the Alternative Investment Services Group. The role supports global real estate funds and affiliated entities by preparing, analyzing, and reporting investment and fund performance data, and by providing financial reporting and day-to-day accounting and administrative support to real estate fund clients. The position involves maintaining fund entity general ledgers; preparing work papers, financial statements, and disclosures; reviewing performance data; supporting capital activity and reconciliations; calculating fees, waterfalls, and capital account allocations; and communicating with clients and other stakeholders. The role may require onsite work at a State Street location two or three days per week for employees within commuting distance.

Requirements

Fund accounting or public accounting experience.
CPA certification or actively pursuing 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.
Undertake 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 with company match.
Medical, dental, vision, basic life, and long-term disability insurance, with other optional coverages.
Paid time off, including vacation and sick leave, short-term disability, and leave for family care responsibilities.
Employee Assistance Program.
Eligibility for annual performance-based incentive awards, subject to role-specific exclusions.
Eligibility for certain tax-advantaged savings plans.
Flexible Work Programs.
Development programs and educational support.
Paid volunteer days.
Matching gift programs.
Employee networks.