NACBA
Private Equity, Fund Accounting & Administration, Assitant Vice President
NACBA, Boston, Massachusetts, us, 02298
Who we are looking for
Read the overview of this opportunity to understand what skills, including and relevant soft skills and software package proficiencies, are required. State Street is an industry leader in providing administrative fund services to Hedge Fund and Private Market managers within our Alternative Investment Solutions business group. Our Private Credit team delivers customized service solutions for investment funds with closed-end structures and various portfolio investments. This role offers candidates the opportunity to service hybrid hedge and private equity products for leading asset managers. The PE NAV role is central to delivering administrative services, interacting daily with teams such as trade operations, investor services, custody, tax, and financial reporting across global locations. Why this role is important to us The team is part of International Fund Services (IFS), acquired by State Street in July 2002. IFS, also known as Alternative Investment Solutions, is a leading provider of fund accounting, administration, and risk services to hedge funds and private market funds, offering end-to-end solutions across front-, middle-, and back-office functions. Join us if you are eager to make your mark in the alternative investment industry from day one. What you will be responsible for As Fund Accounting & Administration, AVP, you will: Manage a growing team providing accounting and administrative services for multiple alternative investment clients. Allocate income, determine management and incentive fees per waterfall provisions, and process capital events like calls and distributions. Oversee portfolio and fund-level accounting, review, and approve net asset value reports. Lead onboarding of existing and new funds. Ensure client satisfaction and compliance with internal policies and external regulations. Design technology solutions for complex reporting needs. Identify cross-sell opportunities and participate in strategic initiatives. Recruit, develop, and motivate staff to achieve their full potential. What we value Skills for success: 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 5-6 years of Private Market experience Experience with alternative investment asset classes, complex fund structures, and fee calculations Strong communication and management skills Ability to work under pressure and meet deadlines CPA qualification and experience with Investran or Geneva are advantageous but not required About State Street State Street is one of the world's largest custodian banks, asset managers, and asset intelligence companies. We provide investment servicing, data & analytics, research & trading, and investment management to institutional clients, helping safeguard and grow investments for over two centuries. We foster a great work environment with competitive benefits, including medical, insurance, savings plans, flexible work arrangements, and development programs. We value diversity and inclusion, believing that diverse backgrounds and perspectives foster innovation and success. We actively engage with communities worldwide and support work-life balance through various programs. State Street is an equal opportunity employer. Salary Range : The salary range applies to the primary location. If working outside this location, the range may differ. Job Application Disclosure : Massachusetts law prohibits requiring or administering lie detector tests as a condition of employment. Violations may lead to criminal and civil penalties. End Date : September 30, 2025 For more information and to apply, please visit our website via the "Apply" button below.
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Read the overview of this opportunity to understand what skills, including and relevant soft skills and software package proficiencies, are required. State Street is an industry leader in providing administrative fund services to Hedge Fund and Private Market managers within our Alternative Investment Solutions business group. Our Private Credit team delivers customized service solutions for investment funds with closed-end structures and various portfolio investments. This role offers candidates the opportunity to service hybrid hedge and private equity products for leading asset managers. The PE NAV role is central to delivering administrative services, interacting daily with teams such as trade operations, investor services, custody, tax, and financial reporting across global locations. Why this role is important to us The team is part of International Fund Services (IFS), acquired by State Street in July 2002. IFS, also known as Alternative Investment Solutions, is a leading provider of fund accounting, administration, and risk services to hedge funds and private market funds, offering end-to-end solutions across front-, middle-, and back-office functions. Join us if you are eager to make your mark in the alternative investment industry from day one. What you will be responsible for As Fund Accounting & Administration, AVP, you will: Manage a growing team providing accounting and administrative services for multiple alternative investment clients. Allocate income, determine management and incentive fees per waterfall provisions, and process capital events like calls and distributions. Oversee portfolio and fund-level accounting, review, and approve net asset value reports. Lead onboarding of existing and new funds. Ensure client satisfaction and compliance with internal policies and external regulations. Design technology solutions for complex reporting needs. Identify cross-sell opportunities and participate in strategic initiatives. Recruit, develop, and motivate staff to achieve their full potential. What we value Skills for success: 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 5-6 years of Private Market experience Experience with alternative investment asset classes, complex fund structures, and fee calculations Strong communication and management skills Ability to work under pressure and meet deadlines CPA qualification and experience with Investran or Geneva are advantageous but not required About State Street State Street is one of the world's largest custodian banks, asset managers, and asset intelligence companies. We provide investment servicing, data & analytics, research & trading, and investment management to institutional clients, helping safeguard and grow investments for over two centuries. We foster a great work environment with competitive benefits, including medical, insurance, savings plans, flexible work arrangements, and development programs. We value diversity and inclusion, believing that diverse backgrounds and perspectives foster innovation and success. We actively engage with communities worldwide and support work-life balance through various programs. State Street is an equal opportunity employer. Salary Range : The salary range applies to the primary location. If working outside this location, the range may differ. Job Application Disclosure : Massachusetts law prohibits requiring or administering lie detector tests as a condition of employment. Violations may lead to criminal and civil penalties. End Date : September 30, 2025 For more information and to apply, please visit our website via the "Apply" button below.
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