Fund Accounting & Administration, Senior Associate Fund Accounting & Administration, Senior Associate …

State Street Corporation
in Clifton, NJ, United States
Permanent, Full time
Be the first to apply
State Street Corporation
in Clifton, NJ, United States
Permanent, Full time
Be the first to apply
State Street Corporation
Fund Accounting & Administration, Senior Associate
Who we are looking for
We are a team of dedicated accounting professionals who are passionate about delivering financial reporting and day-to-day accounting and administrative support to one of the largest Open-Ended Private Equity Funds. Join this growing team that is passionate about building innovative solutions to revolutionize how State Street services our customers.
As a Senior Associate you will be responsible for the preparation, analysis and reporting of investment and fund performance data for a complex Private Equity/Credit Fund.

Why this role is important to us
This Senior Associate position is within the Private Equity Fund Services Business Unit of the State Street Alternative Investment Services (AIS) group, a recognized industry-leading provider of fund accounting, fund administration and risk services to hedge funds and private equity/credit funds. The position will interact directly with external clients as well as State Street onshore and offshore teams, providing complete end-to-end solutions for a major Private Equity/Credit Investment Fund.

Join us if you are up to the challenge of administrating a mega fund and look to grow with the team.

Job Description

This position handles the day-to-day fund & partnership accounting and related administration.

  • Review and/or prepare daily position and cash reconciliations, research and resolve discrepancies.
  • Prepare and process journal entries, maintain general ledger
  • Prepare capital calls and distribution allocation schedules
  • Prepare financial work papers including portfolio schedules partners' capital allocations and capital statements.
  • Prepare process and monitoring USD and non-USD cash movement
  • Review Junior Associate and offshore teams' work
  • Prepare various client correspondence and related ad hoc correspondence.
  • Interacts with internal and external auditors providing requested information to specific inquiries as needed.
  • Participate in special client or internal projects

  • 3-5 years of fund accounting or related experience
  • Advanced MS Excel skills
  • Attention to detail
  • Time management
  • Experience with Investran a plus
  • Experience with investment/Portfolio accounting platforms a plus
  • Specific experience in the Private Equity industry preferred
  • Excellent administrative and organizational skills with demonstrated ability to multi-task and to work efficiently to meet client deliverables.
Company Overview

From technology and product innovation to corporate responsibility and community development, 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 - strengthening markets, building communities and creating opportunities for growth.

We owe that longevity to the commitment, expertise and creativity of our employees. Our continued success depends on our ability to attract and develop the best talent in the industry. That's why we're keenly focused on employee development, corporate citizenship and inclusion.

For us, success comes in the mark we make as an organization - for the industry, our clients, our communities and each other.

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