State Street
Private Credit Fund Accounting and Administration, Assistant Vice President
State Street, Stamford, Connecticut, United States, 06925
Quincy, Massachusetts; Stamford, Connecticut;Boston;Princeton, New Jersey; Berwyn, Pennsylvania;
Clifton, New Jersey
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 opportunity 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 locally and in globally diverse locations.
Why this role is important to us The team you will be joining is a 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 complete end‑to‑end solutions that span the front‑, middle‑ and back‑office requirements of institutional investors.
Join us if making your mark in the alternative investment industry from day one is a challenge you are up for.
What you will be responsible for As Fund Accounting & Administration, AVP you will
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 the waterfall provisions, and processing capital events such as capital calls and distributions.
Responsible for the portfolio and fund level accounting for numerous funds including the 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 clientsatisfaction.
Ensure adherence with internal policies and procedures and compliance with external governing regulations.
Design and champion technology solutions to address the 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 our operating model.
Recruit, hire, train, motivate, and develop staff to realize their full
What we value These skills will help you succeed in this role
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 Market experience
Experience with alternative investment asset classes, complex fund structures and fee calculations desired
Highly effective communication and management skills
Ability to thrive and function in a high pressure deadline driven environment
CPA qualification is favourable but not required
Experience with Investran or Geneva favourable but not required
Salary Range $85,000 - $152,500 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 above, the applicable range could differ.
Employees are eligible to participate in State Street’s comprehensive benefits program, which includes: our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long‑term disability, and other optional additional coverages; paid‑time off including vacation, sick leave, short‑term disability, and family care responsibilities; access to our 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.
For a full overview, visit https://hrportal.ehr.com/statestreet/Home.
About State Street Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.
We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work‑life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.
Equal Opportunity Employer As an Equal Opportunity 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 expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.
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.
End Date January 31, 2026
For further information, and to apply, please visit our website via the “Apply” button below.
#J-18808-Ljbffr
Clifton, New Jersey
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 opportunity 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 locally and in globally diverse locations.
Why this role is important to us The team you will be joining is a 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 complete end‑to‑end solutions that span the front‑, middle‑ and back‑office requirements of institutional investors.
Join us if making your mark in the alternative investment industry from day one is a challenge you are up for.
What you will be responsible for As Fund Accounting & Administration, AVP you will
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 the waterfall provisions, and processing capital events such as capital calls and distributions.
Responsible for the portfolio and fund level accounting for numerous funds including the 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 clientsatisfaction.
Ensure adherence with internal policies and procedures and compliance with external governing regulations.
Design and champion technology solutions to address the 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 our operating model.
Recruit, hire, train, motivate, and develop staff to realize their full
What we value These skills will help you succeed in this role
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 Market experience
Experience with alternative investment asset classes, complex fund structures and fee calculations desired
Highly effective communication and management skills
Ability to thrive and function in a high pressure deadline driven environment
CPA qualification is favourable but not required
Experience with Investran or Geneva favourable but not required
Salary Range $85,000 - $152,500 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 above, the applicable range could differ.
Employees are eligible to participate in State Street’s comprehensive benefits program, which includes: our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long‑term disability, and other optional additional coverages; paid‑time off including vacation, sick leave, short‑term disability, and family care responsibilities; access to our 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.
For a full overview, visit https://hrportal.ehr.com/statestreet/Home.
About State Street Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.
We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work‑life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.
Equal Opportunity Employer As an Equal Opportunity 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 expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.
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.
End Date January 31, 2026
For further information, and to apply, please visit our website via the “Apply” button below.
#J-18808-Ljbffr