State Street
Private Equity, Fund Accounting & Administration, Vice President
State Street, Boston, Massachusetts, United States
Private Equity, Fund Accounting & Administration, Vice President – State Street
Who We Are Looking For
We are seeking a Vice President (VP) for our Private Markets division of the Alternative Investment Solutions Group to provide fund accounting and administration services to hedge funds and private equity funds. The VP will partner with clients and colleagues to establish workflow and deadlines, supervise staff, and deliver reporting and day‑to‑day accounting support. Job Description
As Fund Accounting & Administration VP, you will be responsible for the following: Supervising all lower‑level staff (Associate 1, Associate 2, Senior Staff, Officer and AVP). Managing client relationships with both client personnel and fund investors. Reviewing quarterly and annual financial work paper packages including portfolio schedules, accruals and PCAP allocations. Reviewing quarterly and annual financial statements and footnotes. Review and/or preparation of annual tax work paper packages. Review and/or preparation of capital calls and distributions, including notices and release merged documents. Reviewing monthly bank reconciliations and post journal entries. Reviewing quarterly management fee calculations. Review and/or preparation of various client related correspondence. Work with database team regarding client deliverables such as financial statements, capital calls and distribution notices. Heavy client interaction on a daily basis. Coordination of annual audit and tax return preparation with Big 4 accounting firms. Review and/or preparation of waterfall and capital account allocations. Understand how to navigate through limited partnership agreements. Review and/or preparation of 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. Special client projects. Manage internal workflow and client deadlines. Identify and report any unusual or potentially suspicious transaction activity in accordance with corporate policy and guidelines. What We Value
Strong critical thinking, problem solving, and decision making skills. Excellent administrative and organizational skills. Ability to multi‑task and work efficiently to meet client deliverables. Education & Preferred 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 (formulas, pivot tables, VLOOKUP). Additional Requirements
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. The ideal candidate is well‑organized, detail‑oriented, analytical, and possesses excellent interpersonal and communication skills. Ability to handle multiple assignments and work under pressure while meeting client deliverables. About State Street
State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. We provide investment servicing, data & analytics, investment research & trading, and investment management to institutional clients. Salary Range
$110,000 – $170,000 per year (primary location). The range may differ if the candidate works outside of this location. Benefits
Our benefits package includes medical, dental, vision, long‑term disability, retirement savings (401(k) with company match), paid time off, Employee Assistance Program, incentive compensation, and tax‑advantaged savings plans. Equal Opportunity and Affiliation
State Street is an equal‑opportunity employer and affirmative action employer. We welcome candidates of diverse backgrounds, abilities, and identities. Job Application Disclosure
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. Job ID: R-780838
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We are seeking a Vice President (VP) for our Private Markets division of the Alternative Investment Solutions Group to provide fund accounting and administration services to hedge funds and private equity funds. The VP will partner with clients and colleagues to establish workflow and deadlines, supervise staff, and deliver reporting and day‑to‑day accounting support. Job Description
As Fund Accounting & Administration VP, you will be responsible for the following: Supervising all lower‑level staff (Associate 1, Associate 2, Senior Staff, Officer and AVP). Managing client relationships with both client personnel and fund investors. Reviewing quarterly and annual financial work paper packages including portfolio schedules, accruals and PCAP allocations. Reviewing quarterly and annual financial statements and footnotes. Review and/or preparation of annual tax work paper packages. Review and/or preparation of capital calls and distributions, including notices and release merged documents. Reviewing monthly bank reconciliations and post journal entries. Reviewing quarterly management fee calculations. Review and/or preparation of various client related correspondence. Work with database team regarding client deliverables such as financial statements, capital calls and distribution notices. Heavy client interaction on a daily basis. Coordination of annual audit and tax return preparation with Big 4 accounting firms. Review and/or preparation of waterfall and capital account allocations. Understand how to navigate through limited partnership agreements. Review and/or preparation of 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. Special client projects. Manage internal workflow and client deadlines. Identify and report any unusual or potentially suspicious transaction activity in accordance with corporate policy and guidelines. What We Value
Strong critical thinking, problem solving, and decision making skills. Excellent administrative and organizational skills. Ability to multi‑task and work efficiently to meet client deliverables. Education & Preferred 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 (formulas, pivot tables, VLOOKUP). Additional Requirements
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. The ideal candidate is well‑organized, detail‑oriented, analytical, and possesses excellent interpersonal and communication skills. Ability to handle multiple assignments and work under pressure while meeting client deliverables. About State Street
State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. We provide investment servicing, data & analytics, investment research & trading, and investment management to institutional clients. Salary Range
$110,000 – $170,000 per year (primary location). The range may differ if the candidate works outside of this location. Benefits
Our benefits package includes medical, dental, vision, long‑term disability, retirement savings (401(k) with company match), paid time off, Employee Assistance Program, incentive compensation, and tax‑advantaged savings plans. Equal Opportunity and Affiliation
State Street is an equal‑opportunity employer and affirmative action employer. We welcome candidates of diverse backgrounds, abilities, and identities. Job Application Disclosure
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. Job ID: R-780838
#J-18808-Ljbffr