Private Equity, Fund Accounting & Administration, Vice President

State Street•Boston, MA

1d•$115,000 - $201,250•Onsite

About The Position

This role is for a Vice President (VP) in the Private Markets division of the Alternative Investment Solutions Group. The VP will service clients, partner with clients and colleagues to establish workflows and deadlines, and supervise staff. The position is responsible for delivering reporting and day-to-day accounting and support for clients. The team is part of International Fund Services (IFS), acquired by State Street in July 2002, which is a leading provider of fund accounting, fund administration, and risk services to hedge funds and private credit funds, offering integrated end-to-end solutions.

Requirements

Bachelor’s degree with accounting
12+ years of general ledger accounting or audit experience
6+ years of leadership experience
Previous Financial reporting experience
Advanced Excel skills (advanced formulas, pivot tables, VLOOKUP).
Real Estate, Hedge Fund, or Private Market accounting experience
Exceptional interpersonal & communication skills
Experience with Investran, Great Plains and Oracle Financials preferred
Well-organized detailed oriented, analytical individual with exceptional interpersonal and communication skills.
Demonstrate the ability to simultaneously handle multiple assignments and pressure while working efficiently to meet client deliverables.

Nice To Haves

Experience with Investran, Great Plains and Oracle Financials

Responsibilities

Supervising all lower level staff (including Associate 1, Associate 2, Senior Staff, Officer and AVP).
Managing client relationships with both client personnel and fund investors.
Reviewing quarterly and annual financial work paper packages including portfolio schedules, accruals and PCAP allocations.
Reviewing quarterly and annual financial statements and footnotes.
Review and/or preparation of annual tax work paper packages.
Review and/or preparation of capital calls and distributions, including notices and release merged documents.
Reviewing monthly bank reconciliations and post journal entries.
Reviewing quarterly management fee calculations.
Review and/or preparation of various client related correspondence.
Work with database team regarding client deliverables such as financial statements, capital calls and distribution notices.
Heavy client interaction on a daily basis.
Coordination of annual audit and tax return preparation with Big 4 accounting firms.
Review and/or preparation of waterfall and capital account allocations.
Understand how to navigate through limited partnership agreement.
Review and/or preparation of estimated tax workpapers.
Maintain working relationship with all client contacts, including investment professionals, investors, auditors, lawyers and banking personnel.
Ensure compliance with investment fund legal documents, i.e. partnership agreement.
Assist accounting managers to ensure compliance with investment fund agreements and other legal documents.
Special client projects.
Manage internal workflow and client deadlines.
Responsible for identifying any unusual or potentially suspicious transaction activity and must report and/or escalate in accordance with corporate policy and guidelines.

Benefits

retirement savings plan (401K) with company match
insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages
paid-time off including vacation, sick leave, short term disability, and family care responsibilities
access to our Employee Assistance Program
incentive compensation including eligibility for annual performance-based awards
eligibility for certain tax advantaged savings plans
inclusive development opportunities
flexible work-life support
paid volunteer days
vibrant employee networks