Private Equity, Fund Accounting & Administration, Vice President
State Street•Boston, MA
•$115,000 - $216,250•Onsite
About The Position
This role is for a Vice President (VP) within the Private Markets division of the Alternative Investment Solutions Group. The VP will be responsible for servicing clients, establishing workflows and deadlines in partnership with clients and colleagues, and supervising staff. Key responsibilities include delivering reporting and providing day-to-day accounting and support for clients. The team is part of International Fund Services (IFS), now known as Alternative Investment Solutions, a leading provider of fund accounting, fund administration, and risk services to hedge funds and private credit funds, offering integrated end-to-end solutions for front-, middle-, and back-office requirements.
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).
- Strong critical thinking, problem solving, and decision making skills
- Excellent administrative and organizational skills
- Ability to multi task and work efficiently to meet client deliverables.
- The ideal candidate will be a well-organized detailed oriented, analytical individual with exceptional interpersonal and communication skills.
- Candidates must demonstrate the ability to simultaneously handle multiple assignments and pressure while working efficiently to meet client deliverables.
Nice To Haves
- Real Estate, Hedge Fund, or Private Market accounting experience
- Exceptional interpersonal & communication skills
- Experience with Investran, Great Plains and Oracle Financials preferred
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
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What This Job Offers
Job Type
Full-time
Career Level
Manager
