PERA Fund Accounting, AVP

Who we are looking for

Responsible for managing and directing the overall accounting and administration model for several client sponsored investment funds, specifically Private Debt and Private Equity

Why this role is important to us

State Street is a recognized industry-leading provider of fund accounting, fund administration and risk services to hedge funds and private equity funds. These services are fully integrated to provide complete end-to-end solutions that span the front-, middle- and back-office requirements of institutional investors.

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

What you will be responsible for

As Fund Accounting & Administration, AVP you will:

• Responsible for managing and directing the overall accounting and administration model for several client sponsored investment funds, specifically Private Debt and Private Equity.
• Direct and indirect management/supervision of PERA Fund Accounting staff
• Assist team in ensuring all accounting procedures and calculations are consistent with governing documents
• Assist with development and implementation of accounting policies and procedures
• Contribute to product enhancement discussions and initiatives
• Provide coaching, guidance and support to staff on technical, professional and client issues
• On-going review of all aspects of the PERA servicing model.
• Working with State Street right sourcing locations to improve processes and procedures
• Develop as an EMEA Private Equity and Private Debt subject matter expert
• Coordinate discussion and documentation of processes, procedures and operational enhancements
• Review and approve all transactions (money movement, trades, etc.) in accordance with established guidelines
• Supervise and review the work performed by Fund Accounting staff, in Ireland and other locations as applicable
• Manage internal workflows to ensure internal and client deadlines are met
• Manage expectations with client contacts
• Prepare and/or review monthly, quarterly and annual financial work papers; including portfolio schedules, accrual schedules, profit & loss schedules, and partner capital allocations
• Prepare and/ or review investor capital call and distribution calculations; including the review of investor notices
• Process Fund Sub-Closes on accounting systems or offline workpapers
• Prepare and/or review periodic bank and cash reconciliations and post journal entries
• Prepare and/or review quarterly management fee calculations, and other Fund calculations as applicable
• Prepare and/or review client related correspondence
• Coordinate annual audit with Fund Auditors
• Prepare and/ or review Fund Waterfall calculations and partner capital account allocations
• Review Fund governing documents, including Limited Partnership Agreements and Offering Memoranda, to ensure consistency with accounting procedures and calculations in use
• Establish and maintain working relationships with key client contacts, including investment professionals, investors, auditors, lawyers and banking personnel
• Participate in ad-hoc client/internal projects as required
• Participate in the development, testing and implementation of new systems and products
• Coordinate client deliverables, both with clients and internally, such as financial statements, capital calls and distribution notices
• Review and approve all transactions (money movement, trades, etc.) in accordance with established guidelines
• Assist team in ensuring all accounting procedures and calculations are consistent with governing documents
• Meet all requirements for the performance planning process including goal setting, regular and immediate feedback and submission of formalized performance appraisals. Ensure adherence to internal policies and procedures
• Ensure adherence to internal policies and procedures
• Assist with planning and management of ah-hoc client and corporate project work
• Co-ordinate and implement training and development activities for individuals and the team
• Assist with recruitment of new staff
• Manage absences, time keeping and holiday/cover arrangements within the teams
• Set and maintain standards of personal and professional performance and behavior; ensuring staff accountability and adherence to company policies and procedures
• Schedule and conduct team meetings
• Provide coaching, guidance and support to staff on technical, professional and client issues
• Manage the administration billing process
• Review and delivery of client KPIs

Education & Preferred Qualifications

• Candidates must have a University degree (an Accounting degree strongly preferred; Business, Mathematics, Finance or Economics degree required)
• Prior accounting system experience required
• iGLS/Geneva and Investran system experience desirable
• ACA/ACCA qualification is desirable, but not required.
• Private Equity, Private Debt, Hedge Fund or Real Estate experience is desirable
• Previous Fund Accounting or corporate accounting experience,  including supervisory experience 
• Strong computer skills, especially MS Excel/MS Word/MS PowerPoint
• Strong numerical, analytical and problem solving skills
• Strong written & verbal communication skills
• Ability to work under pressure and to tight deadlines
• Proactive and able to work independently and as part of a team
• Demonstrated managerial and leadership skills
• Proven ability to build, train and manage effective teams

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.

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