Fund Accounting & Administration, Senior Associate
State Street Corporation
Location: Clifton, New Jersey
Type: Full Time
Internal Number: 12370605
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.
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
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.