State Street
Private Equity Fund Accounting & Administration, Assistant Vice President
State Street, Kansas City, Missouri, United States, 64101
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 .
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, and 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 essential financial tools they need to deliver effective investment solutions. From core custody, accounting, and fund administration to shareholder record‑keeping and operations solutions for alternative assets such as OTC derivatives, private equity, and real‑estate, SSGS’ tools help clients make better investment choices and act on growth opportunities.
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 to internal policies and procedures and compliance with external governing 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 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.
Salary Range: $85,000 – $152,500 Annual.
Employees are eligible to participate in State Street’s comprehensive benefits program, which includes a 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 an 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.
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‑detective 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‑781198
Location: Kansas City, MO
#J-18808-Ljbffr
Private Equity Fund Accounting & 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, and 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 essential financial tools they need to deliver effective investment solutions. From core custody, accounting, and fund administration to shareholder record‑keeping and operations solutions for alternative assets such as OTC derivatives, private equity, and real‑estate, SSGS’ tools help clients make better investment choices and act on growth opportunities.
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 to internal policies and procedures and compliance with external governing 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 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.
Salary Range: $85,000 – $152,500 Annual.
Employees are eligible to participate in State Street’s comprehensive benefits program, which includes a 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 an 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.
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‑detective 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‑781198
Location: Kansas City, MO
#J-18808-Ljbffr