Private Equity Portfolio Accounting, Senior Associate

State Street•Toronto, ON

1d•$51,000 - $84,000

About The Position

The Private Equity Portfolio Accounting, Senior Associate will be responsible for processing and reviewing transactions, client service, and maintaining a working relationship with the global team. The candidate will participate and/or lead various projects both client facing and internal. Additionally, they will be involved in regulatory work, training, and annual audits. The team you will be joining is a part of State Street Alternative Investments (SSAI). SSAI gives asset owners and managers access to the essential financial tools they need to deliver effective investment solutions. From core custody, accounting, fund administration and shareholder recordkeeping, to complete operations solutions and servicing for alternative assets like OTC derivatives, private equity and real estate, SSGS’ tools help our clients make better investment choices and act on growth opportunities.

Requirements

Strong critical thinking, problem solving and decision making
Excellent knowledge of private equity, real estate and hedge funds
Strong managerial skills and experience managing offshore locations
Excellent written and verbal communication skills
Competent to Expert with a Bachelor’s degree, prefer finance, accounting, economics or business management major
2-4 years of related experience in transfer agency, private equity fund of funds or private equity fund accounting.
Proficient in email management
Strong problem solving and analytical skills
Strong communication, interpersonal, and organizational skills
Ability to communicate with various internal teams to resolve inquiries and understanding when to escalate
Candidates must demonstrate initiative, be able to perform well under pressure, and simultaneously handle multiple assignments
Excellent administrative and organizational with the proven ability to multi-task and to work efficiently to meet client deliverables

Responsibilities

Process private equity transactions and resolve private equity transactions related queries
Coordinate with offshore teams, assist in performance tracking, participate in monthly/quarterly calls
Deliver services in accordance with Standard Operating Procedures and ensure that assigned work is performed to meet internal standards
Resolve routine problems using own initiative and escalate complex issues as needed
Conduct self-review for completed activities and review completed activities for A1s
Maintain relevant documentation for assigned activities
Perform research and resolution on exception items; escalate unresolved issues to management as needed
Proactively share new ideas to support process improvement and changes to team processes
Build and maintain positive working relationships with colleagues in all locations
Communicate effectively with others and seek clarifications where required
Demonstrate progression of process knowledge and understanding of all relevant functional activities in the team
Maintain professional integrity when dealing with clients and internal business partners
Primary operational day to day contact for clients as required
Build and maintain functional and technical knowledge across disciplines to enable handling the majority of client inquiries at the point of contact
Support client service delivery for operational and risk activities
Identify and report all risk and compliance issues, breaches and suspicious activities
Perform other duties as required