State Street
Private Credit, Fund Accounting & Administration Assistant Vice President
State Street, Clifton, New Jersey, us, 07015
Private Credit, Fund Accounting & Administration Assistant Vice President
State Street invites interest for the
Private Credit, Fund Accounting & Administration Assistant Vice President
role.
About the Role State Street’s Private Credit team delivers customized administrative services to hedge fund and private‑market managers. In this role you will serve as the central administrative contact for portfolio and fund accounting, overseeing a team that supports the allocation of income, fee calculations, capital events, and net‑asset‑value reporting for multiple alternative investment client relationships.
Key Responsibilities
Manage a growing team of financial‑services professionals and lead the production and delivery of accounting and administrative services for one or more alternative‑investment client relationships.
Allocate income to investors, determine management and incentive fees in accordance with waterfall provisions, and process capital events such as capital calls and distributions.
Oversee portfolio and fund‑level accounting, reviewing and approving monthly or quarterly net‑asset‑value reporting.
Lead the onboarding of existing client funds and the launch of new funds.
Demonstrate a strong commitment to client satisfaction while ensuring adherence to internal policies, procedures, and external regulatory requirements.
Design and champion technology solutions to address complex reporting and data requirements.
Identify and pursue cross‑sell opportunities and participate in strategic working groups to improve processes and the operating model.
Recruit, hire, train, motivate, and develop staff to realize their full potential.
Qualifications
Bachelor’s degree in Accounting or Finance.
At least 5–6 years of private‑market experience with alternative investment asset classes, complex fund structures, and fee calculations.
Strong critical‑thinking, problem‑solving, decision‑making, and interpersonal skills.
Attention to detail and effective time‑management skills.
Excellent communication and management abilities, thriving in a high‑pressure, deadline‑driven environment.
CPA qualification is favorable but not required.
Experience with Investran or Geneva is favorable but not required.
Benefits & EEO State Street offers a comprehensive benefits program, including 401(k) with company match, health, dental, vision, and disability coverage, paid time off, an Employee Assistance Program, and annual performance‑based incentives. As an equal‑opportunity employer, State Street is committed to inclusion and diversity in the workplace.
Salary $85,000 – $152,500 annual.
Job ID:
R-775946
#J-18808-Ljbffr
Private Credit, Fund Accounting & Administration Assistant Vice President
role.
About the Role State Street’s Private Credit team delivers customized administrative services to hedge fund and private‑market managers. In this role you will serve as the central administrative contact for portfolio and fund accounting, overseeing a team that supports the allocation of income, fee calculations, capital events, and net‑asset‑value reporting for multiple alternative investment client relationships.
Key Responsibilities
Manage a growing team of financial‑services professionals and lead the production and delivery of accounting and administrative services for one or more alternative‑investment client relationships.
Allocate income to investors, determine management and incentive fees in accordance with waterfall provisions, and process capital events such as capital calls and distributions.
Oversee portfolio and fund‑level accounting, reviewing and approving monthly or quarterly net‑asset‑value reporting.
Lead the onboarding of existing client funds and the launch of new funds.
Demonstrate a strong commitment to client satisfaction while ensuring adherence to internal policies, procedures, and external regulatory requirements.
Design and champion technology solutions to address complex reporting and data requirements.
Identify and pursue cross‑sell opportunities and participate in strategic working groups to improve processes and the operating model.
Recruit, hire, train, motivate, and develop staff to realize their full potential.
Qualifications
Bachelor’s degree in Accounting or Finance.
At least 5–6 years of private‑market experience with alternative investment asset classes, complex fund structures, and fee calculations.
Strong critical‑thinking, problem‑solving, decision‑making, and interpersonal skills.
Attention to detail and effective time‑management skills.
Excellent communication and management abilities, thriving in a high‑pressure, deadline‑driven environment.
CPA qualification is favorable but not required.
Experience with Investran or Geneva is favorable but not required.
Benefits & EEO State Street offers a comprehensive benefits program, including 401(k) with company match, health, dental, vision, and disability coverage, paid time off, an Employee Assistance Program, and annual performance‑based incentives. As an equal‑opportunity employer, State Street is committed to inclusion and diversity in the workplace.
Salary $85,000 – $152,500 annual.
Job ID:
R-775946
#J-18808-Ljbffr