Real Assets, Fund Accounting & Administration, Officer

State Street•Princeton, NJ

5d•$70,000 - $122,500•Onsite

About The Position

The Fund Controller Group (FCG), part of State Street Global Services’ Alternative Investment Solutions division, prepares, analyzes, and reports performance investment data for global real estate funds and affiliated entities. The team provides clients and investors with annual and quarterly financial reports, fee calculations, investor capital notices, fund, investor, and investment return calculations, and other investor reporting. It works with client executive management and the IT department to develop systems and business processes for accurate, high-quality, timely fund administration services. The department is located in the Atlanta office. This role maintains direct client relationships and oversees day-to-day accounting and administration for investment funds and affiliated entities. It supervises lower-level staff and manages client relationships, financial reporting, fund accounting, investor communications, audit and tax coordination, legal-document compliance, workflow, and client deadlines. The role also identifies unusual or potentially suspicious transaction activity and reports or escalates it according to corporate policies and operating procedures.

Requirements

Bachelor’s degree.
At least 5 years of general ledger accounting or audit experience.
At least 1 year of leadership experience.
Previous financial reporting experience.
Advanced Excel skills, including advanced formulas, pivot tables, and VLOOKUP.
Ability to handle multiple assignments and pressure while delivering high-quality work.
Strong organization, attention to detail, and analytical ability.
Exceptional interpersonal and communication skills.

Nice To Haves

Accounting degree.
Real estate, fund, or private equity accounting experience.
CPA or CPA candidate.

Responsibilities

Supervise lower-level staff, including Associate 1, Associate 2, and Senior Staff.
Manage relationships with client personnel and fund investors, and maintain working relationships with investment professionals, investors, auditors, lawyers, and banking personnel.
Review quarterly and annual financial workpaper packages, including portfolio schedules, accruals, and PCAP allocations.
Review quarterly and annual financial statements and footnotes.
Review and/or prepare annual tax workpaper packages.
Review and/or prepare capital calls and distributions, including notices and release-merged documents.
Review monthly bank reconciliations and post journal entries.
Review quarterly management fee calculations.
Review and/or prepare client-related correspondence.
Work with the database team on client deliverables, including financial statements, capital calls, and distribution notices.
Coordinate annual audits and tax return preparation with Big 4 accounting firms.
Review and/or prepare waterfall and capital account allocations.
Navigate limited partnership agreements and help ensure compliance with investment fund agreements and other legal documents.
Review and/or prepare estimated tax workpapers.
Complete special client projects.
Manage internal workflow and client deadlines.
Identify unusual or potentially suspicious transaction activity and report or escalate it under corporate policy and applicable operating procedures.

Benefits

401(k) retirement savings plan with company match.
Basic life, medical, dental, vision, and long-term disability insurance, with other optional additional coverages.
Paid time off, including vacation and sick leave, short-term disability, and leave for family care responsibilities.
Employee Assistance Program access.
Eligibility for annual performance-based incentive compensation awards, with certain sales-role exceptions.
Eligibility for certain tax-advantaged savings plans.
Inclusive development opportunities.
Flexible work-life support.
Paid volunteer days.
Employee networks.