Private Equity, Fund Accounting & Administration, Senior Associate

State Street•Clifton, NJ

10d

About The Position

The Senior Associate is a leader within the Private Equity and Real Assets Fund Services business unit of State Street’s Alternative Investment Services Group. The role supports global real estate funds and affiliated entities by preparing, analyzing, and reporting investment and fund performance data, and by providing accounting and administrative services to clients. The team is part of International Fund Services (IFS), also known as Alternative Investment Solutions, which provides integrated fund accounting, fund administration, and risk services to hedge funds and private equity funds. The position contributes to financial reporting and day-to-day accounting and administrative support for real estate fund clients.

Requirements

Fund accounting or public accounting experience.
CPA certification or actively pursuing CPA certification.
Experience leading verbal and written communications at senior levels with internal and external clients.
Excellent administrative and organizational skills.
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.
Prepare financial statements and footnote disclosures.
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

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