State Street
Private Equity, Fund Accounting & Administration, Vice President
State Street, Quincy, Massachusetts, us, 02171
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Job Summary Vice President (VP) – Private Markets. The role is part of the Alternative Investment Solutions Group within International Fund Services (IFS), a State Street company. The VP will partner with clients and colleagues to establish workflows, set deadlines, and supervise staff while delivering reporting, day‑to‑day accounting, and client support.
Responsibilities
Supervise all lower level staff (Associate 1, Associate 2, Senior Staff, Officer, and AVP).
Manage client relationships with client personnel and fund investors.
Review quarterly & annual financial work‑paper packages including portfolio schedules, accruals, and PCAP allocations.
Review quarterly & annual financial statements and footnotes.
Review and/or prepare annual tax work paper packages.
Review and/or prepare capital calls and distributions, including notices and release merged documents.
Review monthly bank reconciliations and post journal entries.
Review quarterly management fee calculations.
Review and/or prepare various client related correspondence.
Work with database team regarding client deliverables such as financial statements, capital calls and distribution notices.
Provide heavy client interaction on a daily basis.
Coordinate annual audit and tax return preparation with Big 4 accounting firms.
Review and/or prepare waterfall and capital account allocations.
Understand how to navigate through a limited partnership agreement.
Review and/or prepare estimated tax workpapers.
Maintain working relationship with all client contacts, including investment professionals, investors, auditors, lawyers and banking personnel.
Ensure compliance with investment fund legal documents, i.e., partnership agreement.
Assist accounting managers to ensure compliance with investment fund agreements and other legal documents.
Lead special client projects.
Manage internal workflow and client deadlines.
Identify any unusual or potentially suspicious transaction activity and report or escalate per corporate policy.
Qualifications
Bachelor’s degree in accounting.
12+ years of general ledger accounting or audit experience.
6+ years of leadership experience.
Previous financial reporting experience.
Advanced Excel skills (advanced formulas, pivot tables, VLOOKUP).
Real Estate, Fund, or Private Equity accounting experience.
CPA or CPA Candidate.
Exceptional interpersonal & communication skills.
Experience with Investran, Great Plains and Oracle Financials preferred.
Ability to handle multiple assignments and work efficiently under pressure.
Well‑organized, detail‑oriented, analytical individual.
Benefits State Street offers competitive, comprehensive benefits packages that vary by location. Employees are eligible for a retirement savings plan (401K) with company match, a suite of insurance coverage (basic life, medical, dental, vision, long‑term disability), paid time off (vacation, sick leave, short‑term disability), family care responsibilities, a 5‑day paid volunteer day, matching gift programs, employee assistance program, and incentive compensation for performance. Employees may also access educational support and flexible work arrangements.
Company Overview State Street is one of the largest custodian banks, asset managers and asset intelligence companies worldwide. Our mission is to safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, research & trading, and investment management to institutional clients.
Salary $110,000 – $170,000 Annual (primary location). Rate may vary for other locations.
Equal Opportunity State Street is an equal opportunity and affirmative action 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 ID R-780838
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.
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Get AI-powered advice on this job and more exclusive features.
Job Summary Vice President (VP) – Private Markets. The role is part of the Alternative Investment Solutions Group within International Fund Services (IFS), a State Street company. The VP will partner with clients and colleagues to establish workflows, set deadlines, and supervise staff while delivering reporting, day‑to‑day accounting, and client support.
Responsibilities
Supervise all lower level staff (Associate 1, Associate 2, Senior Staff, Officer, and AVP).
Manage client relationships with client personnel and fund investors.
Review quarterly & annual financial work‑paper packages including portfolio schedules, accruals, and PCAP allocations.
Review quarterly & annual financial statements and footnotes.
Review and/or prepare annual tax work paper packages.
Review and/or prepare capital calls and distributions, including notices and release merged documents.
Review monthly bank reconciliations and post journal entries.
Review quarterly management fee calculations.
Review and/or prepare various client related correspondence.
Work with database team regarding client deliverables such as financial statements, capital calls and distribution notices.
Provide heavy client interaction on a daily basis.
Coordinate annual audit and tax return preparation with Big 4 accounting firms.
Review and/or prepare waterfall and capital account allocations.
Understand how to navigate through a limited partnership agreement.
Review and/or prepare estimated tax workpapers.
Maintain working relationship with all client contacts, including investment professionals, investors, auditors, lawyers and banking personnel.
Ensure compliance with investment fund legal documents, i.e., partnership agreement.
Assist accounting managers to ensure compliance with investment fund agreements and other legal documents.
Lead special client projects.
Manage internal workflow and client deadlines.
Identify any unusual or potentially suspicious transaction activity and report or escalate per corporate policy.
Qualifications
Bachelor’s degree in accounting.
12+ years of general ledger accounting or audit experience.
6+ years of leadership experience.
Previous financial reporting experience.
Advanced Excel skills (advanced formulas, pivot tables, VLOOKUP).
Real Estate, Fund, or Private Equity accounting experience.
CPA or CPA Candidate.
Exceptional interpersonal & communication skills.
Experience with Investran, Great Plains and Oracle Financials preferred.
Ability to handle multiple assignments and work efficiently under pressure.
Well‑organized, detail‑oriented, analytical individual.
Benefits State Street offers competitive, comprehensive benefits packages that vary by location. Employees are eligible for a retirement savings plan (401K) with company match, a suite of insurance coverage (basic life, medical, dental, vision, long‑term disability), paid time off (vacation, sick leave, short‑term disability), family care responsibilities, a 5‑day paid volunteer day, matching gift programs, employee assistance program, and incentive compensation for performance. Employees may also access educational support and flexible work arrangements.
Company Overview State Street is one of the largest custodian banks, asset managers and asset intelligence companies worldwide. Our mission is to safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, research & trading, and investment management to institutional clients.
Salary $110,000 – $170,000 Annual (primary location). Rate may vary for other locations.
Equal Opportunity State Street is an equal opportunity and affirmative action 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 ID R-780838
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.
#J-18808-Ljbffr