PE Fund Accounting - Associate 2

Who we are looking for:

Minimum of 1-3 years of related Private Equity and/or Fund Accounting experience.

• Good interpersonal and organizational skills.
• Private Equity knowledge.
• Some understanding of operational functions within Private Equity and/or Fund Accounting.

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, Associate - 2 you will:

• Adhere to State Street Alternative Investment Solutions (AIS) strict internal control procedures.
• Ensure monthly and quarterly client deliverables are meet
• Display ability to performance variance analysis to explain significant movements from quarter to quarter.
• Maintaining the general ledger for various fund entities
• Preparing supporting work papers for financial statements, portfolio schedules, and capital account allocations
• Preparing financial statements and footnote disclosures
• Analytical review of monthly/quarterly investment and fund performance data
• Reviewing and/or preparing of capital calls, distributions, and bank reconciliations
• Preparing management, annual, and incentive fee calculations
• Preparing various client correspondences
• Calculating waterfalls and capital account allocations
• Ensuring compliance with legal documents
• Maintaining working relationship with all client contacts, auditors, tax, lawyers, and banking personnel
• Review limited partnership agreements and offering memorandums and ensure compliance with operational and accounting procedures
• Coordination of annual audit and tax return preparation with external accounting firms

What we value:

These skills will help you succeed in this role:

• Skill 1 – Must have Private Equity/Accounting Knowledge
• Skill 2 – Investran Accounting (optional)

Education & Preferred Qualifications:

• B.Com/M.com

Additional requirements:

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 in locations, but you may expect generous medical care, insurance, and savings plans among other perks. You’ll have access to flexible Work Program 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 perspective 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 the 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 program, 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.

End Date: November 13, 2024 

For further information, and to apply, please visit our website via the “Apply” button below.