State Street Corporation - Boston, MA
posted 2 months ago
State Street is an industry leader in providing administrative fund services to both Hedge Fund and Private Equity managers within our Alternative Investment Solutions business group. Our Private Equity (PE) team delivers customized service solutions for investment funds that have closed-end structures and a variety of portfolio investments. This role offers candidates the unique opportunity to service hybrid hedge and private equity products for industry-leading asset managers. The PE NAV role is central to the delivery of administrative services, requiring daily interaction with functional teams including trade operations, investor services, custody, tax, and financial reporting across globally diverse locations. As a Fund Accounting & Administration Officer, you will supervise staff, including Associate 1, Associate 2, and Senior Associate Staff. You will manage internal workflow and client deadlines, ensuring that all tasks are completed efficiently and on time. Building and maintaining strong client relationships is crucial, as you will liaise with client personnel daily. You will also be responsible for reviewing quarterly and annual financial work paper packages, which include portfolio schedules, accruals, and partner capital allocations. Additionally, you will review quarterly and annual financial statements and footnotes, coordinating annual audits as necessary. Your role will also involve reviewing and/or preparing complex fee calculations, including management fees, waterfalls, and capital account allocations. This position requires strong critical thinking, problem-solving, and decision-making skills, as well as the ability to lead within your team and among your peers. Excellent communication, interpersonal, and organizational skills are essential, along with the ability to manage time effectively and prioritize tasks. Candidates must demonstrate initiative and the ability to perform well under pressure while handling multiple assignments simultaneously. Experience with Investran is preferred, and a Bachelor's degree in Accounting or Finance is required, along with at least 5 to 6 years of Private Equity experience.