State Street
Private Equity Fund Accounting and Administration, Assistant Vice President
State Street, Boston, Massachusetts, us, 02298
Private Equity Fund Accounting and Administration, Assistant Vice President
Join to apply for the
Private Equity Fund Accounting and Administration, Assistant Vice President
role at
State Street .
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). SSGS gives asset owners and managers access to essential financial tools that enable effective investment solutions. From core custody and accounting to shareholder recordkeeping and complete operations solutions for alternative assets such as OTC derivatives, private equity and real estate, SSGS tools help our clients make better investment choices and grow their businesses.
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.
Primarily responsible for the allocation of income to investors, determination of management and incentive fees in accordance with waterfall provisions, and processing capital events such as capital calls and distributions.
Responsible for portfolio and fund‑level accounting for numerous funds, including 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 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 to 6 years of Private Equity 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.
About State Street State Street is one of the largest custodian banks, asset managers and asset‑intelligence companies in the world. From technology to product innovation, we’re shaping the financial services industry. For more than two centuries, we’ve helped our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.
Work, Live and Grow. We make every effort to create a great work environment. Our benefits packages are competitive and comprehensive, offering generous medical care, insurance and savings plans, among other perks. You’ll have access to flexible work programs to match your needs and a wealth of development programs and educational support to help you reach your full potential.
Inclusion, Diversity and Social Responsibility. We truly believe diverse backgrounds, experiences and perspectives create an inclusive environment where everyone can thrive. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. We also engage with communities worldwide, offering volunteer days, matching gift programs and employee networks.
State Street is an equal opportunity and affirmative action employer.
Salary Range $90,000 - $165,000 Annual (Primary location). If the candidate would ultimately work outside of the primary location, the applicable range could differ.
Employees are eligible to participate in State Street’s comprehensive benefits program, which includes a 401(k) 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 with eligibility for annual performance‑based awards; and eligibility for certain tax‑advantaged savings plans.
Equal Opportunity Statement 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. The State Street Equal Opportunity Employer Statement is required.
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Private Equity Fund Accounting and Administration, Assistant Vice President
role at
State Street .
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). SSGS gives asset owners and managers access to essential financial tools that enable effective investment solutions. From core custody and accounting to shareholder recordkeeping and complete operations solutions for alternative assets such as OTC derivatives, private equity and real estate, SSGS tools help our clients make better investment choices and grow their businesses.
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.
Primarily responsible for the allocation of income to investors, determination of management and incentive fees in accordance with waterfall provisions, and processing capital events such as capital calls and distributions.
Responsible for portfolio and fund‑level accounting for numerous funds, including 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 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 to 6 years of Private Equity 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.
About State Street State Street is one of the largest custodian banks, asset managers and asset‑intelligence companies in the world. From technology to product innovation, we’re shaping the financial services industry. For more than two centuries, we’ve helped our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.
Work, Live and Grow. We make every effort to create a great work environment. Our benefits packages are competitive and comprehensive, offering generous medical care, insurance and savings plans, among other perks. You’ll have access to flexible work programs to match your needs and a wealth of development programs and educational support to help you reach your full potential.
Inclusion, Diversity and Social Responsibility. We truly believe diverse backgrounds, experiences and perspectives create an inclusive environment where everyone can thrive. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. We also engage with communities worldwide, offering volunteer days, matching gift programs and employee networks.
State Street is an equal opportunity and affirmative action employer.
Salary Range $90,000 - $165,000 Annual (Primary location). If the candidate would ultimately work outside of the primary location, the applicable range could differ.
Employees are eligible to participate in State Street’s comprehensive benefits program, which includes a 401(k) 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 with eligibility for annual performance‑based awards; and eligibility for certain tax‑advantaged savings plans.
Equal Opportunity Statement 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. The State Street Equal Opportunity Employer Statement is required.
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