Fund Accountant - Associate 2

We are a team of dedicated accounting professionals passionate about delivering financial reporting and day-to-day accounting and administrative support to one of the largest Open-Ended Private Equity Funds. Join this growing team that is passionate about building innovative solutions to revolutionize how State Street services our customers.

About the role

This Associate 2 position is within the Private Equity Fund Services Business Unit of the State Street Alternative Investment Services (AIS) group, a recognized industry-leading provider of fund accounting, fund administration, and risk services to hedge funds and private equity/credit funds. The role interacts directly with external clients as well as State Street onshore and offshore teams, providing complete end-to-end solutions for a major Private Equity/Credit Investment Fund.

Responsibilities

• Review and/or prepare daily position and cash reconciliations, research, and resolve discrepancies
• Prepare and process journal entries, maintain general ledger
• Prepare capital calls and distribution allocation schedules
• Prepare financial work papers including portfolio schedules, partners’ capital allocations, and capital statements
• Prepare, process, and monitor USD and non-USD cash movement
• Review Junior Associate and offshore teams’ work
• Prepare various client correspondence and related ad hoc correspondence
• Interact with internal and external auditors, providing requested information to specific inquiries as needed
• Participate in special client or internal projects

Requirements

• 0-3 years of fund accounting or related experience
• Advanced MS Excel skills
• Attention to detail
• Time management
• Experience with Investran a plus
• Experience with investment/Portfolio accounting platforms a plus
• Specific experience in the Private Equity industry preferred
• Excellent administrative and organizational skills with demonstrated ability to multi-task and work efficiently to meet client deliverables

About State Street

State Street is one of the largest custodian banks, asset managers, and asset intelligence companies in the world. For over two centuries, we’ve helped clients safeguard and steward the investments of millions. We provide investment servicing, data & analytics, investment research & trading, and investment management to institutional clients.

We offer a great work environment with competitive and comprehensive benefits packages. These vary by location but may include generous medical care, insurance, savings plans, paid-time off, flexible work programs, wealth development programs, and educational support.

We value inclusion, diversity, and social responsibility. Our employees’ diverse backgrounds, experiences, and perspectives contribute to an inclusive environment where everyone can thrive. We engage actively with our communities through paid volunteer days, matching gift programs, and employee networks.

Pay

Salary Range: $41,600 - $66,560 annual. The range applies to the primary location specified. If the candidate works outside this location, the applicable range may differ.

Benefits

• Retirement savings plan (401K) with company match
• Insurance coverage: basic life, medical, dental, vision, long-term disability, and other optional coverages
• Paid-time off: vacation, sick leave, short-term disability, and family care responsibilities
• Employee Assistance Program
• Incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles)
• Eligibility for certain tax-advantaged savings plans