Private Equity, Fund Accounting & Administration, Vice President
About the role
The VP for Private Markets will service clients within the Alternative Investment Solutions Group, partnering with both clients and colleagues to establish workflow and client deadlines while supervising staff members. This role involves delivering reporting and day-to-day accounting and support for clients.
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 recognized industry-leading provider of fund accounting, fund administration and risk services to hedge funds and private credit funds. These services are fully integrated to provide complete end-to-end solutions that span the front-, middle- and back-office requirements.
Responsibilities
- Supervising all lower level staff (including 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
- Working 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
- Understanding how to navigate through limited partnership agreement
- Review and/or preparation of estimated tax workpapers
- Maintaining working relationship with all client contacts, including investment professionals, investors, auditors, lawyers and banking personnel
- Ensuring compliance with investment fund legal documents, i.e. partnership agreement
- Assisting accounting managers to ensure compliance with investment fund agreements and other legal documents
- Special client projects
- Managing internal workflow and client deadlines
- During the course of normal day to day operation, identifying any unusual or potentially suspicious transaction activity and reporting and/or escalating in accordance with corporate policy and guidelines
Qualifications
- Bachelor's degree with accounting
- 12+ years of general ledger accounting or audit experience
- 6+ years of leadership experience
- Previous financial reporting experience
- Advanced Excel skills (advanced formulas, pivot tables, VLOOKUP)
Preferred skills
- Real Estate, Hedge Fund, or Private Market accounting experience
- Exceptional interpersonal and communication skills
- Experience with Investran, Great Plains and Oracle Financials preferred
- Well-organized, detail-oriented, analytical individual
- Ability to simultaneously handle multiple assignments and pressure while working efficiently to meet client deliverables
Pay
$115,000 - $201,250 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 above, 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 our 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