Private Equity Fund Accounting & Administration, Assistant Vice President (Open)

This managerial position is within the Private Equity Fund Administration Services Business Unit of the State Street Alternative Investment Services Group. Exceptional communication and interpersonal skills are essential, as the role interacts with all levels of professionals both internally and externally. The Private Equity Fund Services group is a growing, dynamic business unit within the Alternative Investment division.

About the role

The team you will be joining is part of International Fund Services (IFS), acquired by State Street in July 2002. IFS, also known as Alternative Investment Solutions, is a recognized industry-leading provider of fund accounting, fund administration, and risk services to hedge funds and private equity funds. These services are fully integrated to provide complete end-to-end solutions spanning front-, middle-, and back-office requirements.

Responsibilities

• Supervise all subordinate staff (including Associate 1, Associate 2, Officer, Senior Associate, and/or Senior Staff).
• Manage internal workflow and client deadlines.
• Manage client relationships with both client personnel and fund investors.
• Review quarterly and annual financial work paper packages, including portfolio schedules, accruals, and partner capital allocations.
• Review and/or prepare capital calls and distributions, including notices and release merged documents.
• Review periodic bank and cash reconciliations and post journal entries.
• Review quarterly management fee calculations.
• Review and/or prepare various client-related correspondence.
• Identify any unusual or potentially suspicious transaction activity and report or escalate in accordance with corporate policy.
• Work with the database team regarding client deliverables such as financial statements, capital calls, and distribution notices.
• Coordinate annual audit and tax return preparation with external accounting firms.

Requirements

• College degree (business, mathematics, finance, or economics preferred; accounting concentration a plus).
• At least 7 years of accounting experience, including 3 to 4 years of supervisory experience.
• Specific experience in the private equity industry is a plus.
• CPA is a plus but not required.
• Experience with Investran or other partnership accounting applications is a plus.

Pay

$90,000 - $157,500 annual. The range quoted applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location, the applicable range could differ.

Benefits

• 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 Employee Assistance Program.
• Incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans).
• Eligibility for certain tax-advantaged savings plans.
• Paid volunteer days.
• Inclusive development opportunities, flexible work-life support, and vibrant employee networks.