Who we are looking for 

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 PE team delivers customized service solutions for investment funds that have closed end structures and a variety of portfolio investments. This opportunity uniquely offers candidates the opportunity to service hybrid hedge and private equity products for industry leading asset managers. The PE NAV role is the hub in the delivery of administrative services. Employees interact daily with functional teams including; trade operations, investor services, custody, tax, and financial reporting locally and in globally diverse locations. 

Why this role is important to us 

The team you will be joining is a part of State Street Global Services (SSGS). SSGS gives asset owners and managers access to the essential financial tools they need to deliver effective investment solutions. From core custody, accounting, fund administration and shareholder recordkeeping, to complete operations solutions and servicing for alternative assets like OTC derivatives, private equity and real estate, SSGS’ tools help our clients make better investment choices and act on growth opportunities. 

Join us if making your mark in the financial services industry from day one is a challenge you are up for. 

What you will be responsible for 

As Fund Accounting & Administration, Officer you will 

Supervise staff (including Associate 1 Associate 2 and Senior Associate Staff) 

Manage internal workflow and client deadlines 

Manage client relationships & liaising with client personnel on a daily basis 

Maintain good working relationship with all client contacts including investment professionals investors auditors lawyers and banking personnel 

Review quarterly and annual financial work paper packages including portfolio schedules accruals and partner capital allocations 

Review quarterly and annual financial statements and footnotes and coordinating annual audits. 

Review and/or prepare complex fee calculations management fees waterfall and capital account allocations etc. 

What we value  

These skills will help you succeed in this role 

Strong critical thinking, problem solving, and decision making skills 

An ability to be a leader within their team, as well as be a leader amongst your peers 

Strong communication, interpersonal, and organizational skills, which includes excellent time management and prioritization skills 

Candidates must demonstrate initiative, be able to perform well under pressure, and simultaneously handle multiple assignments 

Excellent administrative and organizational with the proven ability to multi-task and to work efficiently to meet client deliverables 

Investran experience is preferred. 

Education & Preferred Qualifications 

Bachelor’s degree in Accounting or Finance 

At least 5 to 6 years of Private Equity experience 

Experience with alternative investment asset classes, complex fund structures and fee calculations desired 

Ability to thrive and function in a high pressure deadline driven environment 

CPA qualification is favourable but not required 

Experience with Investran or Geneva favourable but not required 

About State Street 

What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients. 

Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You’ll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential. 

Inclusion, Diversity and Social Responsibility. We truly believe our employees’ diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you. 

State Street is an equal opportunity and affirmative action employer. 

Discover more at StateStreet.com/careers 

Salary Range:

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.

Job Application Disclosure:

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

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