Private Equity Fund Accounting & Administration, Senior Associate
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 Senior Associate 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 position will interact 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.
Qualifications
- 3-5 years of fund accounting or related experience.
- Advanced MS Excel skills.
- Attention to detail.
- Strong 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.
Pay
Salary Range: $52,000 - $94,120 Annual. The range quoted above 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.