Private Markets Fund Accounting and Administration, Senior Associate

State Street•Sacramento, CA

12d•$52,000 - $94,120

About The Position

The Senior Associate will work within the Private Credit Fund Services business unit of State Street’s Alternative Investment Services Group. The team provides financial reporting and day-to-day accounting and administrative support to private market fund clients. This role is responsible for preparing, analyzing, and reporting investment and fund performance data for global Private Credit funds and affiliated entities. International Fund Services (IFS), also known as Alternative Investment Solutions, provides integrated fund accounting, fund administration, and risk services to hedge funds and private market funds, covering front-, middle-, and back-office requirements.

Requirements

Fund accounting or public accounting experience.
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.
Perform analytical reviews of 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, 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, 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.