Fund Accounting and Administration, Associate/ Senior Associate
Who we are looking for
This position is within the Private Equity Fund Services business unit of the State Street Alternative Investment Services Group.
Candidates must demonstrate initiative, be able to perform well under pressure and simultaneously handle multiple assignments. Fund Administration are responsible to the day-to-day accounting and administration for several client sponsored investment funds.
What you will be responsible for:
- Manage and maintain day-to-day communications with the clients
- Manage communications with investment professionals, other client personnel, investors, attorneys, auditors, bankers etc.
- Engage in the thorough review and understanding of investment fund legal documents, including complete understanding of partnership allocations and distribution waterfalls
- 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.
- Review quarterly and annual financial work papers including portfolio schedules, accruals, partner capital allocations and tax work paper packages.
- 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.
- 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
- Undertake full review of calculation and verbiage on Limited Partner capital calls and distributions.
- Undertake full review of accounting work paper packages, fees calculations, financial statements and other reports and communications to Limited Partners
- Review quarterly management fee, waterfall, capital account calculations.
- Manage internal workflow to ensure internal processing and client deadlines are met
- Demonstrate good management skills and the ability to work well with others, individually and within a group.
- Assist with development and implementation of training all levels of accounting staff
- Supervision of subordinate staff (including Associate 1, Associate 2 and Senior Staff)
- Integrate new business/client onboarding
- Coordinate and manage special client and corporate projects
Education & Preferred Qualifications
- Candidate must have a university degree (business, mathematics, finance or economics preferred, accounting concentration a plus) and at least 2-4 years of accounting experience, including financial reporting experience.
- Specific experience in the private equity/real estate industry is a plus, but not required.
- Strong computer skills are required, especially Microsoft Office, particularly MS Excel.
For further information, and to apply, please visit our website via the “Apply” button below.