Private Equity, Fund Accounting & Administration, Senior Associate

State Street•Boston, MA

About The Position

The Senior Associate is a leader within State Street’s Private Equity and Real Assets Fund Services business unit, part of the Alternative Investment Services Group. The role supports premier real estate fund clients by preparing, analyzing, and reporting investment and fund performance data for global real estate funds and affiliated entities. The team provides financial reporting and day-to-day accounting and administrative support, and works to develop innovative solutions for clients. The position is part of International Fund Services (IFS), also known as Alternative Investment Solutions, a provider of fund accounting, fund administration, and risk services to hedge funds and private equity funds. These services span the front-, middle-, and back-office requirements of institutional investors.

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, with the 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.
Conduct 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.
Basic life, medical, dental, vision, and long-term disability insurance, plus 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, excluding certain sales roles subject to sales incentive plans.
Eligibility for certain tax-advantaged savings plans.
Inclusive development opportunities.
Flexible work-life support.
Paid volunteer days.
Employee networks.