State Street
Private Equity, Fund Accounting & Administration, Assistant Vice President
State Street, Clifton, New Jersey, us, 07015
Overview
Private Equity, Fund Accounting & Administration, Assistant Vice President at State Street. The PE NAV role is the hub in the delivery of administrative services for hedge fund and private equity clients, interacting daily with trade operations, investor services, custody, tax, and financial reporting across locations. What You Will Be Responsible For
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 waterfall provisions, and processing capital events such as capital calls and distributions. Responsible for portfolio and fund level accounting for numerous funds, including 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 complex reporting and data requirements of clients. Proactively identify and participate in cross-sell opportunities. Participate in strategic working groups to improve processes and our operating model. Recruit, hire, train, motivate, and develop staff to realize their full potential. What We Value
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 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
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. Work, Live and Grow
We strive to create a great work environment with competitive and comprehensive benefits. Details vary by location, with flexible work programs and development opportunities to help you reach your full potential. Inclusion, Diversity and Social Responsibility
State Street values diverse backgrounds, experiences and perspectives. We encourage candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. We support communities through volunteer days, matching gift programs and employee networks. State Street is an equal opportunity and affirmative action employer. Salary information and disclosures: The salary range quoted applies to the role in the primary location; ranges may differ if the candidate works outside the primary location. Job Application Disclosure: It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment. | Job ID: R-778089 New York, NY — Typical ranges observed include: $80,000 to $130,000, depending on location and experience.
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Private Equity, Fund Accounting & Administration, Assistant Vice President at State Street. The PE NAV role is the hub in the delivery of administrative services for hedge fund and private equity clients, interacting daily with trade operations, investor services, custody, tax, and financial reporting across locations. What You Will Be Responsible For
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 waterfall provisions, and processing capital events such as capital calls and distributions. Responsible for portfolio and fund level accounting for numerous funds, including 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 complex reporting and data requirements of clients. Proactively identify and participate in cross-sell opportunities. Participate in strategic working groups to improve processes and our operating model. Recruit, hire, train, motivate, and develop staff to realize their full potential. What We Value
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 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
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. Work, Live and Grow
We strive to create a great work environment with competitive and comprehensive benefits. Details vary by location, with flexible work programs and development opportunities to help you reach your full potential. Inclusion, Diversity and Social Responsibility
State Street values diverse backgrounds, experiences and perspectives. We encourage candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. We support communities through volunteer days, matching gift programs and employee networks. State Street is an equal opportunity and affirmative action employer. Salary information and disclosures: The salary range quoted applies to the role in the primary location; ranges may differ if the candidate works outside the primary location. Job Application Disclosure: It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment. | Job ID: R-778089 New York, NY — Typical ranges observed include: $80,000 to $130,000, depending on location and experience.
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