AIS Fund Administrator, Associate 1

State Street.
Hangzhou, China
Not disclosed
27 Oct 2021
29 Oct 2021
Contract type
Full time
Experience level
Qualified accountant
Who we are looking for:

Associate 1 Fund Accountant will be responsible for preparing accurate and timely reconciliations integral to the completion of the Net Asset Value (NAV) of a fund that is used for Investor dealing and external publication, plus various other client specific reports distributed on a regular basis. This involves adherence to strict deadlines while maintaining close attention to detail.

Why this role is important to us:

The team you will be joining is a part of International Fund Services (IFS), acquired by State Street in July 2002. IFS, also known as Alternative Investment Solutions 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 Accountant Associate 1 you will:

  • Bookkeeping - Book journal entries for cash and non-cash related transactions on monthly/ quarterly basis.
  • Cash management - Complete bank reconciliation to ensure the correct cash balance.
  • Prepare monthly/ quarterly /annually accounting package, including TB/ Financial Statements/ PCAPs/ calculation, etc.
  • Work on calculation, such as capital call / distribution allocation, management fee calculation, IRR, Waterfall and etc.
  • Process LP services, such as questionnaire for investors, deal slip, audit confirmation and LP specific reports, etc.
  • Communicate with home site on issues, problems, etc.

What we value:

This position is a unique opportunity for a suitable candidate to gain exposure to large multi-class, multi-manager, multi-currency portfolios that invest in a variety of instruments including derivatives and as a result, the pricing of these positions, reconciliations, corporate actions and dividends.     

Education & Preferred Qualifications:

  • Degree in Accounting, Finance or Economics related field; accounting background is preferred;
  • With related work experiences is preferred;
  • Familiar with accounting system is preferred;
  • Detail-oriented, strong learning ability, sense of responsibility and team work are required; 
  • Strong time management skills with the ability to priorities under pressure; adapt to work under given timeline; confident to work in English environment;
  • Good communication skill with team members and home site.

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.

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

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