Private Equity, Fund Accounting & Administration, Senior Associate

State Street • Boston, MA

2d • $52,000 - $94,120

About The Position

The Senior Associate works within State Street’s Private Credit Fund Services business unit in the Alternative Investment Services Group, supporting global Private Credit funds and affiliated entities. The role is responsible for preparing, analyzing, and reporting investment and fund performance data, as well as providing accounting and administrative support to fund clients. International Fund Services (IFS), also known as Alternative Investment Solutions, provides integrated fund accounting, administration, and risk services for Hedge Funds and Private Market Funds.

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, with 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.
• Perform analytical reviews of 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

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

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: No Education Listed