Private Markets, Fund Accounting & Administration, Vice President

$110,000 - $177,500/Yr

State Street Corporation - Burlington, MA

Full-time - Senior

Burlington, MA

Securities, Commodity Contracts, and Other Financial Investments and Related Activities

About the position

The Vice President (VP) for Private Markets will lead client services within the Alternative Investment Solutions Group at State Street. This role involves managing workflows, supervising staff, and ensuring the delivery of accurate reporting and accounting support for clients. The VP will play a crucial role in maintaining client relationships and overseeing the financial operations of hedge funds and private equity funds.

Responsibilities

• Supervise lower level staff including Associate 1, Associate 2, Senior Staff, Officer, and AVP.
• Manage client relationships with 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 the database team regarding client deliverables such as financial statements, capital calls, and distribution notices.
• Engage in 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.
• 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 agreements.
• Assist accounting managers to ensure compliance with investment fund agreements and other legal documents.
• Manage internal workflow and client deadlines.
• Identify any unusual or potentially suspicious transaction activity and report/escalate as per corporate policy.

Requirements

• Bachelor's degree in accounting or related field.
• 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).
• Real Estate, Fund, or Private Equity accounting experience.
• CPA or CPA Candidate.
• Exceptional interpersonal and communication skills.

Nice-to-haves

• Experience with Investran, Great Plains, and Oracle Financials preferred.

Benefits

• Generous medical care and insurance plans.
• Savings plans.
• Flexible work programs.
• Development programs and educational support.
• Paid volunteer days.
• Matching gift programs.