State Street
Private Equity Fund Accounting & Administration, Assistant Vice President
State Street, Boston, Massachusetts, us, 02298
Private Equity Fund Accounting & Administration, Assistant Vice President
Join to apply for the
Private Equity 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 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, interacting 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 part of State Street Global Services (SSGS), which gives asset owners and managers access to essential financial tools. From core custody and accounting to complete operations solutions for alternative assets like OTC derivatives, private equity, and real estate, SSGS’ tools help our clients make better investment choices and act on growth opportunities.
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.
Allocate income to investors, determine management and incentive fees in accordance with waterfall provisions, and process capital events such as capital calls and distributions.
Perform the portfolio and fund–level accounting for numerous funds, reviewing and approving 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 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 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 5–6 years of Private Equity 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, though not required.
Experience with Investran or Geneva is favourable, though not required.
Salary Range $85,000 – $152,500 Annual.
Benefits Employees are eligible to participate in State Street’s comprehensive benefits program, which includes a 401(k) retirement savings plan with company match, insurance coverage (life, medical, dental, vision, long‑term disability, and optional additional coverages), paid time off (vacation, sick leave, short‑term disability, and family care), Employee Assistance Program, incentive compensation (including eligibility for annual performance‑based awards), and tax‑advantaged savings plans.
About State Street Across the globe, institutional investors rely on us to 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, with inclusive development opportunities, flexible work‑life support, paid volunteer days, and vibrant employee networks. Join us in shaping the future.
EEO Statement As an Equal Opportunity Employer, State Street considers 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.
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-781198
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Private Equity 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 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, interacting 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 part of State Street Global Services (SSGS), which gives asset owners and managers access to essential financial tools. From core custody and accounting to complete operations solutions for alternative assets like OTC derivatives, private equity, and real estate, SSGS’ tools help our clients make better investment choices and act on growth opportunities.
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.
Allocate income to investors, determine management and incentive fees in accordance with waterfall provisions, and process capital events such as capital calls and distributions.
Perform the portfolio and fund–level accounting for numerous funds, reviewing and approving 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 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 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 5–6 years of Private Equity 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, though not required.
Experience with Investran or Geneva is favourable, though not required.
Salary Range $85,000 – $152,500 Annual.
Benefits Employees are eligible to participate in State Street’s comprehensive benefits program, which includes a 401(k) retirement savings plan with company match, insurance coverage (life, medical, dental, vision, long‑term disability, and optional additional coverages), paid time off (vacation, sick leave, short‑term disability, and family care), Employee Assistance Program, incentive compensation (including eligibility for annual performance‑based awards), and tax‑advantaged savings plans.
About State Street Across the globe, institutional investors rely on us to 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, with inclusive development opportunities, flexible work‑life support, paid volunteer days, and vibrant employee networks. Join us in shaping the future.
EEO Statement As an Equal Opportunity Employer, State Street considers 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.
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-781198
#J-18808-Ljbffr