Transfer Agency, Associate 2
About The Position
The Transfer Agency, Associate 2 works in State Street Alternatives, supporting fund accounting and administration for alternative investment fund managers. The position handles daily fund activity processing, investor capital activity, reconciliations, management fee and waterfall calculations, fund reporting, and quarter-end closing. It also supports workflow and client deadlines, new business setup and conversions, issue resolution, process controls, and operational improvements. The role involves liaising with investment managers, auditors, banks, internal teams, and colleagues, and requires ongoing learning through State Street training.
Requirements
- College diploma or university degree with a concentration in Accounting, Finance, or Economics.
- Working knowledge of Microsoft Excel and Word.
- Excellent communication and interpersonal skills.
- Collaborative team player.
- Strong attention to detail, accuracy, and organization.
- Strong analytical skills and a proactive approach to problem solving.
- Confident, decisive, and energetic.
- Strong work ethic, flexibility, adaptability, and ability to work within deadlines.
- Can-do attitude and high energy.
- Self-motivated, with a passion for learning and growth.
Nice To Haves
- Knowledge of Bloomberg.
Responsibilities
- Complete the daily processing and monitoring of fund activities.
- Prepare capital call and distribution calculations and related investor notices.
- Prepare or review periodic bank and cash reconciliations and post journal entries.
- Prepare quarterly management fee calculations.
- Prepare waterfall calculations and capital account allocations.
- Prepare fund trial balances and supporting workpapers.
- Assist with the quarter-end book closing process.
- Help manage internal workflow to meet processing and client deadlines.
- Work with other service departments to resolve errors or issues and reconcile discrepancies.
- Maintain effective working relationships with internal clients and colleagues.
- Ensure processes comply with service-level agreements and escalate issues when necessary.
- Participate in special client or internal projects as required.
- Assist with new business setup and conversions.
- Identify unusual or potentially suspicious transaction activity and report or escalate it according to corporate policy and operating procedures.
- Adhere to standard procedures and controls.
- Initiate, propose, and implement improvements to enhance efficiency and accuracy.
- Liaise with investment managers, auditors, and banks.
- Pursue ongoing personal education and development by attending State Street training sessions.
Benefits
- Retirement savings plan (401K) with company match.
- Insurance coverage including basic life, medical, dental, vision, and long-term disability, with optional additional coverage.
- Paid time off, including vacation, sick leave, short-term disability, and leave for family care responsibilities.
- Employee Assistance Program.
- Eligibility for annual performance-based incentive awards, except for certain sales roles subject to sales incentive plans.
- Eligibility for certain tax-advantaged savings plans.
- Flexible work programs and work-life support.
- Development programs and educational support.
- Paid volunteer days.
- Matching gift programs.
- Employee networks.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
Associate degree
