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. The PE NAV role is the hub in the delivery of administrative services, interacting daily with trade operations, investor services, custody, tax, and financial reporting.
Why this role is important to us The team you will join is part of State Street Global Services (SSGS), which provides asset owners and managers with essential financial tools to deliver effective investment solutions across core custody, accounting, fund administration, shareholder recordkeeping, and alternative assets.
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 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.
Maintain portfolio and fund‑level accounting for numerous funds, including reviewing and approving monthly or quarterly net asset value reports.
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 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 the 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.
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 is favourable but not required.
Salary Range $85,000 - $152,500 Annual.
Benefits Employees are eligible to participate in State Street’s comprehensive benefits program, including a 401(k) plan with company match, health, dental, vision, long‑term disability, and other coverage options, paid time off, an Employee Assistance Program, incentive compensation, and tax‑advantaged savings plans.
Equal Opportunity Employment State Street is an Equal Opportunity Employer.
#J-18808-Ljbffr
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. The PE NAV role is the hub in the delivery of administrative services, interacting daily with trade operations, investor services, custody, tax, and financial reporting.
Why this role is important to us The team you will join is part of State Street Global Services (SSGS), which provides asset owners and managers with essential financial tools to deliver effective investment solutions across core custody, accounting, fund administration, shareholder recordkeeping, and alternative assets.
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 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.
Maintain portfolio and fund‑level accounting for numerous funds, including reviewing and approving monthly or quarterly net asset value reports.
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 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 the 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.
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 is favourable but not required.
Salary Range $85,000 - $152,500 Annual.
Benefits Employees are eligible to participate in State Street’s comprehensive benefits program, including a 401(k) plan with company match, health, dental, vision, long‑term disability, and other coverage options, paid time off, an Employee Assistance Program, incentive compensation, and tax‑advantaged savings plans.
Equal Opportunity Employment State Street is an Equal Opportunity Employer.
#J-18808-Ljbffr