What are the responsibilities and job description for the Private Equity, Fund Accounting & Administration, Senior Associate position at State Street?
Who we are looking for
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A leader within the Private Equity and Real Assets Fund Services business unit of the State Street Alternative Investment Services Group. We are a team of dedicated accounting professionals who are passionate about delivering financial reporting and day-to-day accounting and administrative support to premier real estate fund clients. Join this growing team that is passionate about building innovative solutions to revolutionize how State Street services our customers.
As a Senior Associate, you will be responsible for the preparation, analysis, and reporting of investment and fund performance data for global real estate funds and affiliated entities.
Why this role is important to us
The team you will be joining is 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 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.
What we value
Education & Preferred Qualifications
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. 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.
Salary Range : $52,000 - $94,120 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.
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Salary : $52,000 - $94,120
