Private Markets, Fund Accounting & Administration, Officer
State Street - Boston, MA
posted 28 days ago
About the position
We are looking for exceptional individuals to help drive this continued success and contribute positively to our market leading position. This managerial position has responsibility for managing the day to day accounting and administration offering for a portfolio of blue chip alternative investment clients. The team you will be joining is a part of State Street Global Services (SSGS). SSGS 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. Join us if making your mark in the financial services industry from day one is a challenge you are up for.
Responsibilities
- Supervising all lower level staff (including Associate 1 Associate 2 and Senior Associate Staff)
- Managing internal workflow and client deadlines
- Managing client relationships & liaising with client personnel on a daily basis
- Maintaining good working relationship with all client contacts including investment professionals, investors, auditors, lawyers and banking personnel
- Reviewing quarterly and annual financial work paper packages including portfolio schedules, accruals and partner capital allocations
- Reviewing quarterly and annual financial statements and footnotes and coordinating annual audits
- Reviewing and/or preparing complex fee calculations, management fees, waterfall and capital account allocations.
Requirements
- Private equity experience ideally 5+ years for this role
- A college degree (accounting, business, mathematics, finance, or economics degree preferred but not essential)
- Investran experience is preferred
- Knowledge of Private Equity Fund structures, designs & hierarchies, standalone funds, master-feeder funds, and the role of each entity in the fund structure
- Familiarity with Private Equity Fund Services quarterly deliverables, such as Consolidations, PCAPs, Unfunded Statements, ILPAs, etc.
Nice-to-haves
- Strong problem solving and analytical skills
- An ability to be a leader within their team, as well as be a leader amongst your peers
- Strong communication, interpersonal, and organizational skills, which includes excellent time management and prioritization 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.
Benefits
- Generous medical care
- Insurance and savings plans
- Flexible Work Program
- Development programs and educational support
- Paid volunteer days
- Matching gift program
- Access to employee networks
