State Street
Private Equity Fund Accounting & Administration, Officer
State Street, Boston, Massachusetts, us, 02298
Private Equity Fund Accounting & Administration, Officer
Join to apply for the
Private Equity Fund Accounting & Administration, Officer
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 Equity managers within our Alternative Investment Solutions business group. Our PE 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 equity products for industry‑leading asset managers. The PE 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, both locally and in globally diverse locations.
What You Will Be Responsible For
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
Oversee the general ledger for various fund entities
Work with internal teams both onshore and abroad
Review quarterly and annual financial workpaper packages
Review investor allocations, capital calls and distributions
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
Ability to be a leader within the team and among peers
Strong communication, interpersonal, and organizational skills, including excellent time management and prioritization
Initiative, ability to perform well under pressure, and simultaneous handling of multiple assignments
Excellent administrative and organizational skills with proven ability to multitask and efficiently meet client deliverables
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
Benefits and Compensation Salary Range: $75,000 – $127,500 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, the applicable range could differ.
Employees are eligible to participate in State Street’s comprehensive benefits program, which includes retirement savings plan (401K) with company match, basic life, medical, dental, vision, long‑term disability, and additional optional coverages; paid‑time off including vacation, sick leave, short term disability, and family care responsibilities; employee assistance program; incentive compensation including eligibility for annual performance‑based awards (excluding certain sales roles subject to sales incentive plans); and eligibility for certain tax‑advantaged savings plans.
Inclusion, Diversity and Social Responsibility We truly believe our employees’ diverse backgrounds, experiences and perspectives are powerful contributors 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 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.
Equal Opportunity and Other Statements State Street is an equal opportunity and affirmative action employer. In compliance with the U.S. federal government Executive Order 14042, State Street requires vaccination against COVID-19 as a condition of employment in the United States. If you accept this position, you will be required to substantiate that you are vaccinated, or that you are legally entitled to a religious or medical exemption.
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-780745
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Private Equity Fund Accounting & Administration, Officer
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 Equity managers within our Alternative Investment Solutions business group. Our PE 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 equity products for industry‑leading asset managers. The PE 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, both locally and in globally diverse locations.
What You Will Be Responsible For
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
Oversee the general ledger for various fund entities
Work with internal teams both onshore and abroad
Review quarterly and annual financial workpaper packages
Review investor allocations, capital calls and distributions
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
Ability to be a leader within the team and among peers
Strong communication, interpersonal, and organizational skills, including excellent time management and prioritization
Initiative, ability to perform well under pressure, and simultaneous handling of multiple assignments
Excellent administrative and organizational skills with proven ability to multitask and efficiently meet client deliverables
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
Benefits and Compensation Salary Range: $75,000 – $127,500 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, the applicable range could differ.
Employees are eligible to participate in State Street’s comprehensive benefits program, which includes retirement savings plan (401K) with company match, basic life, medical, dental, vision, long‑term disability, and additional optional coverages; paid‑time off including vacation, sick leave, short term disability, and family care responsibilities; employee assistance program; incentive compensation including eligibility for annual performance‑based awards (excluding certain sales roles subject to sales incentive plans); and eligibility for certain tax‑advantaged savings plans.
Inclusion, Diversity and Social Responsibility We truly believe our employees’ diverse backgrounds, experiences and perspectives are powerful contributors 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 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.
Equal Opportunity and Other Statements State Street is an equal opportunity and affirmative action employer. In compliance with the U.S. federal government Executive Order 14042, State Street requires vaccination against COVID-19 as a condition of employment in the United States. If you accept this position, you will be required to substantiate that you are vaccinated, or that you are legally entitled to a religious or medical exemption.
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-780745
#J-18808-Ljbffr