Private Equity, Fund Accounting & Administration, Senior Associate

State Street•Clifton, NJ

1d•$52,000 - $94,120

About The Position

The Senior Associate is part of State Street’s Private Equity and Real Assets Fund Services business unit within the Alternative Investment Services Group. The role supports global real estate funds and affiliated entities by preparing, analyzing, and reporting investment and fund performance data, as well as providing financial reporting and day-to-day accounting and administrative support to clients. The team is part of International Fund Services (IFS), also known as Alternative Investment Solutions, which provides fund accounting, fund administration, and risk services to hedge funds and private equity funds. The position involves maintaining fund-entity general ledgers; preparing work papers, financial statements, and disclosures; reviewing investment and fund performance; and handling capital activity, reconciliations, fee calculations, and client communications. The role also requires compliance with legal documents and effective working relationships with clients and other service providers. The stated annual salary range is $52,000–$94,120 for the primary location. Employees are eligible for State Street’s comprehensive benefits program.

Requirements

Fund accounting or public accounting experience.
CPA certification or actively pursuing CPA certification.
Experience leading verbal and written communications with internal and external clients at senior levels.
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.
Analyze and review 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 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.