Private Equity Fund Accounting & Administration, Officer

Who we are looking for

As an Officer you will be part of a team responsible for the portfolio investment and net asset value data for a complex Private Equity/Credit Fund, delivering customized service solutions for investment funds that have closed end structures and a variety of portfolio investments. This role is the hub in the delivery of administrative services, with Team members interacting daily with trade operations, investor services, custody, tax, financial reporting teams and directly with the client, functioning locally and in globally diverse locations. Join us if you are up to the challenge of administrating a mega fund and are looking to grow with a strong team.

Why this role is important to us

This Officer position is within the Private Equity Fund Services Business Unit of the State Street Alternative Investment Services (AIS) group, a recognized industry-leading provider of fund accounting, fund administration and risk services to hedge funds and private equity/credit funds. The position will interact directly with external clients, as well as State Street onshore and offshore teams, providing complete end-to-end solutions for a major Private Equity/Credit Investment Fund.

Responsibilities

• Oversee ledger bookings related to net asset valuations including supporting workbooks for the shared blockers or wholly owned blockers.
• Reviewing allocations and current NAV pricing for fund-of-funds and direct investment private equity positions.
• Investigate and analyze cash flow discrepancies to quarterly capital account statements for private equity fund of funds.
• Identify pricing discrepancies and work with the client to resolve P&L inquiries.
• Liaise with middle office and fund accounting teams to support timely delivery of fund NAVs.
• Compilation, maintenance & reconciliation of fund and investor static data.
• Maintaining electronic and hard copy client files on a daily basis and archiving as necessary.
• Preparation of various client related correspondence including valuation documentation for audit purposes.
• Review Junior Associate and offshore teams' work.
• Participation in special client or internal projects as required.

Education & Preferred Qualifications

• Bachelor's degree in Accounting or Finance, or at least 4 years of Private Equity experience required.
• Experience with alternative investment asset classes, complex fund structures, and fee calculations desired
• Detail-oriented, owner's mindset, logical thinking, strong learning ability, sense of responsibility and teamwork are required.
• Strong problem solving and analytical skills.
• Advanced MS Excel skills.
• Experience with investment/Portfolio accounting platforms a plus.
• Professional designation or advanced certifications are a plus.

Salary Range:

$70,000 - $122,500 Annual

The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.

Employees are eligible to participate in State Street's comprehensive benefits program, which includes: our 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 (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax advantaged savings plans.

For a full overview, visit https://hrportal.ehr.com/statestreet/Home.

About State Street

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.

We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you'll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

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Job Application Disclosure:

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.