Private Equity, Fund Accounting & Administration, Assistant Vice President
Who we are looking for
State Street is an industry leader in providing administrative fund services to both Hedge Fund and Private Equity managers within our Alternative Investment Solutions business group. Our PE team delivers customized service solutions for investment funds that have closed end structures and a variety of portfolio investments. This opportunity uniquely offers candidates the opportunity to service hybrid hedge and private equity products for industry leading asset managers. The PE NAV role is the hub in the delivery of administrative services. Employees interact daily with functional teams including; trade operations, investor services, custody, tax, and financial reporting locally and in globally diverse locations.
Why this role is important to us
The team you will be joining is a part of State Street Global Services (SSGS). SSGS gives asset owners and managers access to the essential financial tools they need to deliver effective investment solutions. From core custody, accounting, fund administration and shareholder recordkeeping, to complete operations solutions and servicing for alternative assets like OTC derivatives, private equity and real estate, SSGS’ tools help our clients make better investment choices and act on growth opportunities.
Join us if making your mark in the financial services industry from day one is a challenge you are up for.
What you will be responsible for
As Fund Accounting & Administration, AVP you will
Manage a growing team of financial services professionals in the production and delivery of accounting and administrative services for one or more alternative investment client relationships.
Primarily responsible for the allocation of income to investors, determination of management and incentive fees in accordance with the waterfall provisions, and processing capital events such as capital calls and distributions.
Responsible for the portfolio and fund level accounting for numerous funds including the review and approval of monthly or quarterly net asset value reporting.
Lead the onboarding of existing client funds and the launch of new funds.
Demonstrate an unrelenting commitment to client satisfaction.
Ensure adherence with internal policies and procedures and compliance with external governing regulations.
Design and champion technology solutions to address the complex reporting and data requirements of clients.
Proactively identify and participate in cross-sell opportunities.
Participate in strategic working groups within the organization to improve processes and our operating model.
Recruit, hire, train, motivate, and develop staff to realize their full
What we value
These skills will help you succeed in this role
Strong critical thinking, problem solving, and decision making skills
Good interpersonal skills
Attention to detail
Effective time management
Education & Preferred Qualifications
Bachelor’s degree in Accounting or Finance
At least 5 to 6 years of Private Equity experience
Experience with alternative investment asset classes, complex fund structures and fee calculations desired
Highly effective communication and management skills
Ability to thrive and function in a high pressure deadline driven environment
CPA qualification is favourable but not required
Experience with Investran or Geneva favourable but not required
About State Street
What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.
Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You’ll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.
Inclusion, Diversity and Social Responsibility. We truly believe our employees’ diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.
State Street is an equal opportunity and affirmative action employer.
Discover more at StateStreet.com/careers
Salary Range:
$90,000 - $165,000 AnnualThe 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.
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.
Average salary estimate
If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.
Experienced financial professional needed to manage alternative investment fund accounting and administration within State Street's Private Credit team.
Seeking an Assistant Vice President Regulatory Oversight Specialist at State Street to manage AML and Sanctions compliance globally in support of business onboarding operations.
Pearl Health seeks an experienced healthcare Actuary to lead actuarial valuation processes and support financial performance insights within a dynamic health-tech company.
Analyze and manage capital budgeting as a key member of NYC Department of Transportation's Division of Bridges, ensuring accurate financial planning and coordination.
Strategic finance leader sought to act as primary business partner for Brightspeed's Consumer segment, driving financial planning and growth in a fast-evolving fiber optic network environment.
Lead complex real estate financial analyses and support strategic initiatives as Director of Real Estate Finance at American Express.
Experienced Financial Business Partner needed for US Operations at John Crane to drive financial planning, control, and strategy across multiple manufacturing facilities.
Lead enterprise-wide model risk governance at American Express, driving compliance and continuous improvement in a dynamic financial services environment.
Lead financial evaluation and strategic decision-making for American Express's global real estate portfolio as Director of Real Estate Finance.
Experienced fund accounting professional sought by State Street to lead private credit fund administration and client service teams.
Experienced risk professional needed to lead and manage risk and control self-assessment initiatives supporting TD Bank's enterprise risk strategy in New York.
A sustainability-focused brand seeks a Temporary Senior Financial Analyst in San Francisco to lead financial forecasting and analysis for COGS components.
Lead capital raising initiatives at Colliers as Managing Director of Equity Placement, working closely with senior leadership to expand institutional investor relations.
Drive risk management strategies and operational controls for American Express' Global Merchant Network Services in a senior leadership role focused on protecting a $5 billion portfolio.
Lead financial planning and analysis initiatives at American Express in New York, managing team-driven insights to shape strategic business outcomes.
At State Street, inclusion and diversity are embedded in our values and culture. We know that an inclusive culture and a diverse workforce make us stronger and more successful. In a fast-paced and evolving world, we make it a priority to ensure ...
19 jobs
🔮
Hi, I'm Risa! Your AI Career Copilot
you, just ask me below!
