State Street
Private Credit, Fund Accounting & Administration, Officer
State Street, Boston, Massachusetts, us, 02298
Overview
State Street is an industry leader in providing administrative fund services to Hedge Fund and Private Market managers within our Alternative Investment Solutions business group. The Private Credit (PC) 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 chance to service hybrid hedge and private credit products for industry‑leading asset managers. The PC 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.
What You Will Be Responsible For
Assist in managing staff (including Associate 1, Associate 2, and Senior Associate Staff)
Manage internal workflow and client deadlines
Manage client relationships and liaise with client personnel on a daily basis
Maintain good working relationships with all client contacts, including investment professionals, investors, auditors, lawyers, and banking personnel
Review quarterly and annual financial work paper packages, including portfolio schedules, accruals, and partner capital allocations
Review and/or prepare complex fee calculations, management fees waterfall, and capital account allocations
What We Value
Strong critical thinking, problem solving, and decision making skills
An ability to be a leader within their team and among peers
Strong communication, interpersonal, and organizational skills, including excellent time management and prioritization skills
Candidates must demonstrate initiative, perform well under pressure, and handle multiple assignments simultaneously
Excellent administrative and organizational skills, with the proven ability to multi‑task and work efficiently to meet client deliverables
Investran experience is preferred
Education & Preferred Qualifications
Bachelor’s degree in Accounting or Finance
At least 5 to 6 years of Private Market experience
Experience with alternative investment asset classes, complex fund structures, and fee calculations desired
Ability to thrive and function in a high‑pressure deadline‑driven environment
CPA qualification is favourable but not required
Experience with Investran or Geneva is favourable but not required
About State Street State Street is one of the largest custodian banks, asset managers, and asset intelligence companies in the world. We provide investment servicing, data & analytics, investment research & trading, and investment management to institutional clients. We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. State Street is an equal‑opportunity and affirmative‑action employer.
Salary Range $70,000 - $115,000 Annual
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.
Employees are eligible to participate in State Street’s comprehensive benefits program, which includes retirement savings (401 K) with company match, insurance coverage, paid‑time off, and incentive compensation. #J-18808-Ljbffr
What You Will Be Responsible For
Assist in managing staff (including Associate 1, Associate 2, and Senior Associate Staff)
Manage internal workflow and client deadlines
Manage client relationships and liaise with client personnel on a daily basis
Maintain good working relationships with all client contacts, including investment professionals, investors, auditors, lawyers, and banking personnel
Review quarterly and annual financial work paper packages, including portfolio schedules, accruals, and partner capital allocations
Review and/or prepare complex fee calculations, management fees waterfall, and capital account allocations
What We Value
Strong critical thinking, problem solving, and decision making skills
An ability to be a leader within their team and among peers
Strong communication, interpersonal, and organizational skills, including excellent time management and prioritization skills
Candidates must demonstrate initiative, perform well under pressure, and handle multiple assignments simultaneously
Excellent administrative and organizational skills, with the proven ability to multi‑task and work efficiently to meet client deliverables
Investran experience is preferred
Education & Preferred Qualifications
Bachelor’s degree in Accounting or Finance
At least 5 to 6 years of Private Market experience
Experience with alternative investment asset classes, complex fund structures, and fee calculations desired
Ability to thrive and function in a high‑pressure deadline‑driven environment
CPA qualification is favourable but not required
Experience with Investran or Geneva is favourable but not required
About State Street State Street is one of the largest custodian banks, asset managers, and asset intelligence companies in the world. We provide investment servicing, data & analytics, investment research & trading, and investment management to institutional clients. We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. State Street is an equal‑opportunity and affirmative‑action employer.
Salary Range $70,000 - $115,000 Annual
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.
Employees are eligible to participate in State Street’s comprehensive benefits program, which includes retirement savings (401 K) with company match, insurance coverage, paid‑time off, and incentive compensation. #J-18808-Ljbffr