Fund Accounting and Administration- Senior Associate

State Street.
Boston, Massachusetts
Not disclosed
08 Sep 2020
08 Oct 2020
Contract type
Full time
Experience level
Qualified accountant

Job Description

This position is within the Private Equity Fund Services Business Unit of the State Street Alternative Investment Solutions group. The AIS Fund Administrator, Senior Associate interacts with all levels of personnel and interacts with clients or client contacts. Senior fund administrators handle the day-to-day accounting and related administration of client sponsored Private Equity Partnership investment funds.


  • Review and/or prepare daily position and cash reconciliations.
  • Understand how to navigate through a LPA.
  • Prepare and process general ledger journal entries.
  • Prepare capital calls and distribution allocation schedules in accordance with fund documents.
  • Maintain general ledger, including preparation and update of system generated reports and statements.
  • Prepare financial work papers including, but not limited to, portfolio schedules, accrual work papers and partners’ capital allocations and capital statements.
  • During the course of normal day to day operation, responsible for identifying any unusual or potentially suspicious transaction activity and must report and/or escalate in accordance with corporate policy and guidelines detailed in relevant operating procedures.
  • Interacts with internal and external auditors providing requested information to specific inquiries as needed.
  • Prepare, process, and monitor USD and non-USD cash movement to ensure proper and timely settlement.
  • Prepare various client correspondence and related ad hoc correspondence.
  • Assist in training junior fund accountants.
  • Participate in client and auditor calls as required.


  • Candidates must have a college degree in business, mathematics, finance or economics preferred, accounting concentration is a plus
  • 3-5 years of previous financial services experience
  • Advanced MS Excel skills
  • Experience with investment/portfolio accounting platforms
  • Specific experience in the Private Equity industry

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

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