State Street
Private Credit Fund Accounting & Administration, Assistant Vice President
State Street, Boston, Massachusetts, us, 02298
Private Credit Fund Accounting & Administration, Assistant Vice President
Join to apply for the
Private Credit Fund Accounting & Administration, Assistant Vice President
role at
State Street
Who We Are Looking For State Street is an industry leader in providing administrative fund services to both Hedge Fund and Private Market managers within our Alternative Investment Solutions business group. Our Private Credit 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 ability to service hybrid hedge and private equity products for industry‑leading asset managers. The PE NAV role is the hub in the delivery of administrative services.
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 Market Funds. These services are fully integrated to provide end‑to‑end solutions across front, middle and back‑office requirements.
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 the review and approval of monthly or quarterly NAV reporting.
Lead onboarding of existing client funds and launch of new funds.
Demonstrate a commitment to client satisfaction.
Ensure adherence with internal policies, procedures and compliance with external 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 within the organization to improve processes and operating model.
Recruit, hire, train, motivate, and develop staff.
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 5‑6 years of Private Market experience.
Experience with alternative investment asset classes, complex fund structures and fee calculations.
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. 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.
Salary Range $90,000 - $165,000 Annual. The range quoted above applies to the role in the primary location specified.
Benefits Employees are eligible to participate in State Street’s comprehensive benefits program, including 401(k) plan with company match, medical, dental, vision, long‑term disability and optional additional coverages. Paid‑time off, paid vacation, short‑term disability, family leave, employee assistance program, incentive compensation and tax‑advantaged savings plans are also available.
Equal Opportunity Employer State Street is an equal opportunity and affirmative action employer. We consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or, citizenship, marital status, domestic partnership, or veteran status.
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.
Job ID: R-780779
#J-18808-Ljbffr
Private Credit Fund Accounting & Administration, Assistant Vice President
role at
State Street
Who We Are Looking For State Street is an industry leader in providing administrative fund services to both Hedge Fund and Private Market managers within our Alternative Investment Solutions business group. Our Private Credit 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 ability to service hybrid hedge and private equity products for industry‑leading asset managers. The PE NAV role is the hub in the delivery of administrative services.
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 Market Funds. These services are fully integrated to provide end‑to‑end solutions across front, middle and back‑office requirements.
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 the review and approval of monthly or quarterly NAV reporting.
Lead onboarding of existing client funds and launch of new funds.
Demonstrate a commitment to client satisfaction.
Ensure adherence with internal policies, procedures and compliance with external 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 within the organization to improve processes and operating model.
Recruit, hire, train, motivate, and develop staff.
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 5‑6 years of Private Market experience.
Experience with alternative investment asset classes, complex fund structures and fee calculations.
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. 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.
Salary Range $90,000 - $165,000 Annual. The range quoted above applies to the role in the primary location specified.
Benefits Employees are eligible to participate in State Street’s comprehensive benefits program, including 401(k) plan with company match, medical, dental, vision, long‑term disability and optional additional coverages. Paid‑time off, paid vacation, short‑term disability, family leave, employee assistance program, incentive compensation and tax‑advantaged savings plans are also available.
Equal Opportunity Employer State Street is an equal opportunity and affirmative action employer. We consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or, citizenship, marital status, domestic partnership, or veteran status.
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.
Job ID: R-780779
#J-18808-Ljbffr