Senior Fund Services Analyst

FINRA • Boston, MA

120d • $95,000 - $115,000 • Hybrid

About The Position

The Senior Fund Services analyst for Allspring's Private Fund offering is responsible for managing the operational and regulatory oversight of private investment vehicles exempt under Sections 3(c)(1) and 3(c)(7) of the Investment Company Act of 1940. This role ensures accurate and timely investor and financial reporting, expense management, coordination with custodians and fund accountants, and legal document reviews. We currently operate in a hybrid working model, whereby you will be required to work in-office 3 days a week. Location(s): Boston, MA.

Requirements

• Bachelor's degree in Accounting, Finance, or related field; CPA or CFA preferred.
• 5+ years of experience in fund administration, preferably with private or alternative funds.
• Strong understanding of 3(c)(1) and 3(c)(7) fund structures, SEC exemptions, and investor eligibility rules.
• Experience working with custodians, fund accountants, and legal teams.
• Excellent organizational, analytical, and communication skills.
• Comprehensive understanding of accounting principles and financial reporting issues.
• Detail-oriented.
• Ability to change priorities quickly.
• Team oriented attitude.
• Strong computer skills including MS Office, Word, MS Outlook and Excel.

Responsibilities

• Oversee the preparation and delivery of annual reports to investors, ensuring compliance with regulatory and internal standards including overseeing the Auditor.
• Oversee the preparation and delivery of liquidation audits as needed.
• Coordinate with fund accountants to ensure timely and accurate financial disclosures.
• Deliver NAV, performance, general ledger, holdings, reports monthly to various stakeholders.
• Manage expense accruals and payments, including fund-level and investor-level management fees.
• Review and approve invoices, ensuring alignment with fee schedules and side letter agreements.
• Support subscription and redemption processing, including large cash flow events requiring special handling.
• Ensure investor transactions are logged, reconciled, and processed in accordance with fund policies and operational timelines.
• Serve as the primary liaison with State Street and other custodians for fund accounting, NAV oversight, and trade settlement.
• Monitor fund accountant performance, pricing accuracy, and reconciliation processes.
• Assist with regulatory reporting for Form PF and CPO-PQR filings.
• Review and maintain Private Placement Memoranda (PPMs) and other governing documents in coordination with legal counsel.
• Ensure offering materials are current, compliant, and distributed only to eligible investors.

Benefits

• Base Pay Range: $95,000 - $115,000
• Participation in an incentive program linked to performance (for example, annual discretionary bonus programs, or other annual or non-annual incentive or sales plans.)

What This Job Offers

• Career Level: Mid Level
• Industry: Executive, Legislative, and Other General Government Support
• Education Level: Bachelor's degree