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 .
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. 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.
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 the waterfall provisions, and processing capital events such as capital calls and distributions.
Responsible for the portfolio and fund level accounting for numerous funds including the 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 making our mark on the financial services industry. For more than two centuries, we’ve been helping 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.
Salary Range $85,000 – $152,500 Annual
Employees are eligible to participate in State Street’s comprehensive benefits program, which includes retirement savings plans, health insurance, paid time off, and incentive compensation.
State Street is an equal opportunity and affirmative action employer.
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Private Equity Fund Accounting and 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. 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.
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 the waterfall provisions, and processing capital events such as capital calls and distributions.
Responsible for the portfolio and fund level accounting for numerous funds including the 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 making our mark on the financial services industry. For more than two centuries, we’ve been helping 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.
Salary Range $85,000 – $152,500 Annual
Employees are eligible to participate in State Street’s comprehensive benefits program, which includes retirement savings plans, health insurance, paid time off, and incentive compensation.
State Street is an equal opportunity and affirmative action employer.
#J-18808-Ljbffr