Real Assets Fund Accounting & Administration, Assistant Vice President

State Street•Princeton, NJ

About The Position

As a Fund Accounting & Administration, Assistant Vice President, you will supervise and mentor associate-level colleagues, manage client relationships, and oversee various financial and administrative tasks for real assets funds. This includes reviewing financial work paper packages, statements, tax work papers, capital calls, distributions, bank reconciliations, and management fee calculations. You will also coordinate annual audits and tax return preparation with accounting firms, handle waterfall and capital account allocations, and ensure compliance with legal documents. Daily client interaction and special projects are also part of the role. State Street is one of the largest custodian banks, asset managers, and asset intelligence companies globally, providing investment servicing, data & analytics, investment research & trading, and investment management to institutional clients. The company focuses on helping clients manage risk and drive performance, fostering an environment where employees are valued and empowered, with opportunities for development and work-life support.

Requirements

Strong critical thinking, problem solving, and decision-making 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
Candidates must demonstrate initiative, be able to perform well under pressure, and simultaneously handle multiple assignments
Excellent administrative and organizational skills with the proven ability to multi-task and to work efficiently to meet client deliverables
Bachelor’s degree in Accounting or Finance
At least 5 to 6 years of Fund Accounting experience, including 3+ years of supervisory experience

Nice To Haves

CPA or CPA candidate preferred
Experience with alternative investment asset classes, complex fund structures and fee calculations desired
Working knowledge of MRI, Oracle Financials, Yardi is a plus

Responsibilities

Supervising and mentor colleagues at the associate levels
Managing client relationships with both client personnel and fund investors
Reviewing quarterly and annual financial work paper packages including portfolio schedules, accruals and PCAP allocations
Reviewing quarterly and annual financial statements and footnotes
Review and/or preparation of annual tax work paper packages
Review and/or preparation of capital calls and distributions, including notices and release merged documents
Reviewing monthly bank reconciliations and post journal entries
Reviewing quarterly management fee calculations
Review and/or preparation of various client related correspondence
Work with database team regarding client deliverables such as financial statements, capital calls and distribution notices
Heavy client interaction on a daily basis
Coordination of annual audit and tax return preparation with Big 4 accounting firms
Review and/or preparation of waterfall and capital account allocations
Understand how to navigate through limited partnership agreement
Review and/or preparation of estimated tax workpapers
Maintain working relationship with all client contacts, including investment professionals, investors, auditors, lawyers and banking personnel
Ensure compliance with investment fund legal documents, i.e. partnership agreement
Assist accounting managers to ensure compliance with investment fund agreements and other legal documents
Special client projects
Manage internal workflow and client deadlines
Identifying any unusual or potentially suspicious transaction activity and must report and/or escalate in accordance with corporate policy and guidelines detailed in relevant operating procedures

Benefits

Competitive and comprehensive benefits packages
Generous medical care
Insurance and savings plans
Flexible Work Programs
Wealth of development programs
Educational support
Paid volunteer days
Matching gift programs
Access to employee networks
Retirement savings plan (401K) with company match
Insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages
Paid-time off including vacation, sick leave, short term disability, and family care responsibilities
Access to our Employee Assistance Program
Incentive compensation including eligibility for annual performance-based awards
Eligibility for certain tax advantaged savings plans
Inclusive development opportunities
Flexible work-life support