Private Markets Fund Accounting and Administration, Associate 2

Who we are looking for

Work within the Private Markets business unit of the State Street Alternative Investment Services Group. We are a team of dedicated accounting , operations, and loans professionals who are passionate about delivering financial reporting and day-to-day accounting and operations and administrative support to premier alternatives clients. Join this growing team that is passionate about building innovative solutions to revolutionize how State Street services our customers.

As an Associate 2 you will be responsible for the daily processing, recordkeeping, reconciliation, preparation, analysis and reporting for global private market’s funds and affiliated entities

Why this role is important to us

The team you will be joining is a part of International Fund Services (IFS), acquired by State Street in July 2002. IFS, also known as Alternative Investment Solutions is a recognized industry-leading provider of fund accounting, fund administration and risk services to hedge funds and private equity funds. These services are fully integrated to provide complete end-to-end solutions that span the front-, middle- and back-office requirements of institutional investors.

Join us if making your mark in the alternative investment industry from day one is a challenge you are up for.

What you will be responsible for

• Maintaining the general ledger for various fund entities

• Preparing supporting work papers for financial statements, portfolio schedules and capital account allocations

• Preparing financial statements and footnote disclosures

• Analytical review of monthly/quarterly investment and fund performance data

• Reviewing and/or preparing of capital calls, distributions and bank reconciliations

• Preparing management, annual and incentive fee calculations

• Preparing various client correspondences

• Calculating waterfalls and capital account allocations

• Special projects as requested

• Daily processing

• Daiy reconciliations

• Broadly Syndicated and Private Loan operations

What we value

• Ensuring compliance with legal documents

• Maintaining working relationship with all client contacts, auditors, tax, lawyers and banking personnel

• Ability to work with high attention to detail, proactively in a team and within a dynamic environment.

• Establish and maintain good working relationships with internal clients and colleagues.

• Ability to communicate effectively and timely with external counterparties.

• Supporting senior colleague’s and following/completing their requests.

• Excellent organization and time management skills with the flexibility to multitask prescheduled activities and meet deadlines

• Exceptional time management

Education & Preferred Qualifications

• Bachelor’s degree in finance, Accounting, Economics, or Business Management

• Strong financial accounting knowledge and proficiency

• Strong Bank Loans knowledge

• Experience leading verbal and written communications at senior levels with internal and external clients

• Excellent administrative and organizational skills with demonstrated ability to multi-task and to work efficiently to meet client deliverables.

• Possess strong computer skills including Microsoft Office applications.

• Ability to work with individuals at all levels in the organization and contribute to the strategic direction of the firm and the team.

• Strong analytical and organizational skills.

• Exceptional time management skills

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:

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.

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.