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. FCG 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 of clients' real estate funds. Third-party administration is expanding in the real estate industry, and through continuous interaction with client executive management and IT, the group develops systems and business processes to deliver fund administration services accurately, with quality, and in a timely manner. This role maintains direct client relationships and handles day-to-day accounting and administration for investment funds and affiliated entities.

Responsibilities

• Supervise 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 prepare annual tax work paper packages
• Review and/or prepare 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 prepare 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
• Coordinate annual audit and tax return preparation with Big 4 accounting firms
• Review and/or prepare waterfall and capital account allocations
• Understand how to navigate through limited partnership agreements
• Review and/or prepare estimated tax workpapers
• Maintain working relationships 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
• Manage special client projects
• Manage internal workflow and client deadlines
• Identify any unusual or potentially suspicious transaction activity and report/escalate in accordance with corporate policy and guidelines detailed in relevant operating procedures

Requirements

• 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 qualifications

• Accounting degree
• Real Estate, Fund, or Private Equity accounting experience
• CPA or CPA Candidate
• Exceptional interpersonal and 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.

Pay

Salary range: $70,000 – $122,500 annual. The range quoted applies to the role in the primary location specified (Atlanta). If the candidate would ultimately work outside of the primary location, the applicable range could differ.

Benefits

Employees are eligible to participate in State Street's comprehensive benefits program, which includes: 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); and eligibility for certain tax-advantaged savings plans.

Job ID: R-799846