Real Assets Fund Accounting & Administration, VP

State Street • Princeton, NJ

2d

About The Position

State Street is seeking a Vice President for Private Markets within its Alternative Investment Solutions Group, part of International Fund Services (IFS). The role provides fund accounting, administration, reporting, and day-to-day client support for real assets and private market clients. The VP works with clients and colleagues to establish workflows and deadlines, supervises staff, manages client relationships, and oversees financial reporting and accounting deliverables. The position includes frequent client interaction and coordination with auditors, tax firms, legal professionals, investors, and other client contacts. It also involves identifying unusual or potentially suspicious transaction activity and escalating it according to corporate policy and relevant operating procedures.

IFS, also known as Alternative Investment Solutions, provides integrated fund accounting, fund administration, and risk services to hedge funds and private market funds, covering institutional investors’ front-, middle-, and back-office requirements.

Requirements

• Bachelor’s degree with accounting.
• At least 8 years of general ledger accounting or audit experience.
• At least 6 years of leadership experience.
• Previous financial reporting experience.
• IFRS experience required.
• Advanced Excel skills, including advanced formulas, pivot tables, and VLOOKUP.
• Exceptional interpersonal and communication skills.
• Strong critical thinking, problem-solving, and decision-making skills.
• Excellent administrative and organizational skills.
• Ability to multitask and work efficiently to meet client deliverables.
• Ability to handle multiple assignments and pressure while working efficiently.

Nice To Haves

• Real estate, fund, or private equity accounting experience.
• CPA or CPA candidate.
• Experience with Investran, Great Plains, and Oracle Financials.

Responsibilities

• Supervise lower-level staff, including Associate 1, Associate 2, Senior Staff, Officer, and AVP.
• Manage relationships with client personnel and fund investors.
• 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 such as financial statements, capital calls, and distribution notices.
• Coordinate annual audits and tax return preparation with Big Four accounting firms.
• Review and/or prepare waterfall and capital account allocations.
• Navigate limited partnership agreements and ensure compliance with fund legal documents, including partnership agreements.
• Assist accounting managers with ensuring compliance with investment fund agreements and other legal documents.
• Complete special client projects.
• Manage internal workflows and client deadlines.
• Identify unusual or potentially suspicious transaction activity and report or escalate it in accordance with corporate policy and operating procedures.
• Maintain working relationships with client contacts, including investment professionals, investors, auditors, lawyers, and banking personnel.

Benefits

• Retirement savings plan (401(k)) with company match.
• Medical insurance.
• Dental insurance.
• Vision insurance.
• Basic life insurance.
• Long-term disability coverage.
• Paid time off, including vacation and sick leave.
• Short-term disability coverage.
• Family-care support.
• Employee Assistance Program.
• Incentive compensation, including eligibility for annual performance-based awards, with stated exclusions for certain sales roles.
• Access to certain tax-advantaged savings plans.
• Flexible work programs and work-life support.
• Development programs and educational support.
• Paid volunteer days.
• Matching gift programs.
• Employee networks.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior