Private Markets Fund Accounting and Administration, Senior Associate

State Street•Sacramento, CA

11d

About The Position

The Senior Associate works within State Street’s Private Credit Fund Services business unit in the Alternative Investment Services Group. The team delivers financial reporting and day-to-day accounting and administrative support to private market fund clients. The role is responsible for preparing, analyzing, and reporting investment and fund performance data for global Private Credit funds and affiliated entities. The position supports fund accounting and administration, including maintaining fund general ledgers, preparing financial statement work papers and schedules, reviewing performance data, and calculating fees and capital allocations. It also involves maintaining compliance with legal documents and working relationships with clients and external parties. Special projects may be assigned. International Fund Services (IFS), part of State Street since 2002, provides integrated fund accounting, fund administration, and risk services to hedge funds and private market funds, spanning front-, middle-, and back-office needs.

Requirements

Fund accounting or public accounting experience.
Experience leading verbal and written communications at senior levels with internal and external clients.
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.
Analyze 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 (401(k)) with company match.
Insurance coverage, including basic life, medical, dental, vision, and long-term disability, with other optional additional coverages.
Paid time off, including vacation, sick leave, short-term disability, and family-care responsibilities.
Access to an Employee Assistance Program.
Eligibility for annual performance-based incentive awards, with stated exclusions for certain sales roles.
Eligibility for certain tax-advantaged savings plans.
Inclusive development opportunities.
Flexible work-life support.
Paid volunteer days.
Employee networks.