Senior Fund Accountant Boston, Massachusetts/en-US/Global/job/Boston-Massachusetts/Senior-Fund-Accountant_R-623844/apply Job Description State Street is an industry leader in providing administrative fund services to Private Equity managers within our Alternative Investment Solutions business. Our
Hybrid Services team was organized to deliver customized service solutions for investment funds that have closed end structures and a diverse spectrum of portfolio investments. We
are a team of dedicated accounting professionals who are passionate about delivering financial reporting and day-to-day accounting and administrative support to our clients. This
opportunity uniquely offers candidates the opportunity to service hybrid alternative products. Portfolio asset classes can include: equities, private debt, real estate, derivatives, energy, and other private investments. Employees interact daily with functional teams including; trade operations, investor services, custody, tax, and financial reporting both locally and in globally diverse locations.
Supervise the day to day investment fund accounting for several funds;
Review periodic cash and position reconciliations through break resolution and reporting,
Review period end portfolio valuation,
Ensure completeness and accuracy of income accruals,
Analyze and record fund level expenses and accruals,
Determine management fees, performance fees, and allocation of income to investors,
Compile quarter end Net Asset Value reporting files.
Service capital events such as capital calls, distributions and transfers by; determining the gross allocation of fund level and investor level amounts and coordinating notice generation with Investor Services.
Calculate carried interest in conjunction with investor distributions and on a hypothetical liquidation basis at quarter end.
Attend to all client and third party requests in a timely manner with crisp professional communication.
Approach all aspects of operations with an alertness for potential risks and ensure timely escalation. Demonstrate
an unrelenting commitment to client satisfaction.
Coordinate production with offshore support locations.
Supervise and train associate staff. Qualifications
Bachelors degree in Accounting or Finance
Minimum 3 years of experience in the financial services
Effective communication and organization skills
Strong excel skills with the ability to quickly learn several applications
CPA qualification is advantageous but not required
Experience with complex and structures and Investran are favorable Posted TodayFull timeR-623844
Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.
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