State Street
Private Equity, Fund Accounting & Administration, Officer
State Street, Quincy, Massachusetts, us, 02171
Role Overview
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Private Equity, Fund Accounting & Administration, Officer
role at
State Street
Be among the first 25 applicants
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 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 State Street Global Services (SSGS). SSGS gives asset owners and managers access to the essential financial tools they need to deliver effective investment solutions. From core custody, accounting, fund administration and shareholder recordkeeping, to complete operations solutions and servicing 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.
Join us if making your mark in the financial services industry from day one is a challenge you are up for.
Responsibilities
Supervise staff (including Associate 1, Associate 2 and Senior Associate Staff)
Manage internal workflow and client deadlines
Manage client relationships & liaising with client personnel on a daily basis
Maintain good working relationship with all client contacts including investment professionals, investors, auditors, lawyers and banking personnel
Review quarterly and annual financial work paper packages including portfolio schedules, accruals and partner capital allocations
Review quarterly and annual financial statements and footnotes and coordinating annual audits.
Review and/or prepare complex fee calculations, management fees, waterfall and capital account allocations etc.
What We Value
Strong critical thinking, problem solving, and decision making skills
An ability to be a leader within their team, as well as be a leader among your peers
Strong communication, interpersonal, and organizational skills, which includes excellent time management and prioritization skills
Candidates must demonstrate initiative, be able to perform well under pressure, and simultaneously handle multiple assignments
Excellent administrative and organizational with the proven ability to multi-task and to work efficiently to meet client deliverables
Investran experience is preferred.
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
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 $70,000 - $115,000 Annual
Benefits 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.
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.
Job ID: R-781221
#J-18808-Ljbffr
Private Equity, Fund Accounting & Administration, Officer
role at
State Street
Be among the first 25 applicants
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 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 State Street Global Services (SSGS). SSGS gives asset owners and managers access to the essential financial tools they need to deliver effective investment solutions. From core custody, accounting, fund administration and shareholder recordkeeping, to complete operations solutions and servicing 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.
Join us if making your mark in the financial services industry from day one is a challenge you are up for.
Responsibilities
Supervise staff (including Associate 1, Associate 2 and Senior Associate Staff)
Manage internal workflow and client deadlines
Manage client relationships & liaising with client personnel on a daily basis
Maintain good working relationship with all client contacts including investment professionals, investors, auditors, lawyers and banking personnel
Review quarterly and annual financial work paper packages including portfolio schedules, accruals and partner capital allocations
Review quarterly and annual financial statements and footnotes and coordinating annual audits.
Review and/or prepare complex fee calculations, management fees, waterfall and capital account allocations etc.
What We Value
Strong critical thinking, problem solving, and decision making skills
An ability to be a leader within their team, as well as be a leader among your peers
Strong communication, interpersonal, and organizational skills, which includes excellent time management and prioritization skills
Candidates must demonstrate initiative, be able to perform well under pressure, and simultaneously handle multiple assignments
Excellent administrative and organizational with the proven ability to multi-task and to work efficiently to meet client deliverables
Investran experience is preferred.
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
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 $70,000 - $115,000 Annual
Benefits 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.
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.
Job ID: R-781221
#J-18808-Ljbffr