Real Assets Fund Accounting & Administration, VP

State Street•Charlotte, NC

5d•$120,000 - $202,500

About The Position

State Street is seeking a Vice President for its Private Markets division within the Alternative Investment Solutions Group, part of International Fund Services. The VP will partner with clients and colleagues to establish workflows and client deadlines, supervise staff, and deliver reporting, day-to-day accounting, and client support. The role involves significant daily client interaction and responsibility for client relationships, internal workflow, and compliance with fund agreements and legal documents. The position oversees quarterly and annual accounting and reporting deliverables, tax workpapers, capital activity, reconciliations, management fee calculations, waterfall and capital account allocations, and client correspondence. The VP coordinates annual audits and tax-return preparation with Big Four accounting firms and works with database teams on client deliverables. The role also requires identifying and escalating unusual or potentially suspicious transaction activity in accordance with corporate policy and procedures. International Fund Services, acquired by State Street in 2002, provides integrated fund accounting, fund administration, and risk services for hedge funds and private market funds. State Street describes its benefits as including medical care, insurance and savings plans, flexible work programs, development and educational support, paid volunteer days, matching gift programs, and employee networks. Compensation for the primary location is listed as $120,000–$202,500 annually.

Requirements

Bachelor’s degree in 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 is required.
Advanced Excel skills, including advanced formulas, pivot tables, and VLOOKUP.
Exceptional interpersonal and communication skills.
Ability to handle multiple assignments and pressure while efficiently meeting client deliverables.
Strong critical-thinking, problem-solving, and decision-making skills.
Excellent administrative and organizational skills, with the ability to multitask 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.
Establish and manage internal workflows and client deadlines.
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 and estimated tax workpapers.
Review and/or prepare capital calls and distributions, including notices and merged release 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 and capital call 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 in ensuring compliance with investment fund agreements and other legal documents.
Maintain working relationships with investment professionals, investors, auditors, lawyers, and banking personnel.
Handle special client projects.
Identify unusual or potentially suspicious transaction activity and report or escalate it according to corporate policy and operating procedures.

Benefits

Retirement savings plan (401(k)) with company match.
Medical insurance.
Dental insurance.
Vision insurance.
Basic life insurance.
Long-term disability coverage and optional additional coverages.
Paid time off, including vacation and sick leave.
Short-term disability and family-care support.
Employee Assistance Program.
Eligibility for annual performance-based incentive awards, excluding certain sales roles subject to sales incentive plans.
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.