Real Assets, Fund Accounting & Administration, Officer

About the role

The Fund Controller Group (FCG) is responsible for the preparation, analysis and reporting of performance investment data for global real estate funds and affiliated entities. FCG is part of the Real Assets Fund Administration Services team within the State Street Global Services’ Alternative Investment Solutions division, located in the Atlanta office. The group provides clients and their investors with annual and quarterly financial reports, management, acquisition and other fee calculations, investor capital notices, fund, investor, and investment return calculations, and various other investor reports. The team has in-depth knowledge of fund structures, investor LP agreements, financial reporting, investment make-up, and investor bases. As third-party administration expands in the real estate industry, FCG works continuously with client executive management and IT to develop systems and business processes for accurate, quality, and timely fund administration services. This role maintains direct client relationships and handles day-to-day accounting and administration for investment funds and affiliated entities.

Responsibilities

• Supervising all lower level staff (including Associate 1, Associate 2 and Senior Staff).
• Manage client relationships with both client personnel and fund investors.
• Review quarterly and annual financial work paper packages including portfolio schedules, accruals and PCAP allocations.
• Review 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.
• Review monthly bank reconciliations and post journal entries.
• Review quarterly management fee calculations.
• Review and/or preparation of various client related correspondence.
• Work 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.
• Understand how to navigate through limited partnership agreement.
• Review and/or preparation of estimated tax workpapers.
• Maintain working relationship with all client contacts, including investment professionals, investors, auditors, lawyers and banking personnel.
• Ensure compliance with investment fund legal documents, i.e. partnership agreement.
• Assist accounting managers to ensure compliance with investment fund agreements and other legal documents.
• Special client projects.
• Manage internal workflow and client deadlines.
• Identify any unusual or potentially suspicious transaction activity during normal operations and report and/or escalate in accordance with corporate policy and guidelines detailed in relevant operating procedures.

Qualifications

Required:

• Bachelor’s degree
• 5+ years of general ledger accounting or audit experience
• 1 year of leadership experience
• Previous financial reporting experience
• Advanced Excel skills (advanced formulas, pivot tables, vlookup)

Preferred:

• Accounting Degree
• Real Estate, Fund, or Private Equity accounting experience
• CPA or CPA Candidate
• Exceptional interpersonal & communication skills

The ideal candidate will be a well-organized, detail-oriented, analytical individual with exceptional interpersonal and communication skills. Candidates must demonstrate the ability to simultaneously handle multiple assignments and pressure while delivering the highest quality work product.

Benefits

Salary range: $70,000 – $122,500 annually (primary location; range may differ for other locations).