Private Credit Fund Accounting and Administration, Officer

Who We Are Looking For

State Street is an industry leader in providing administrative fund services to both Hedge Fund and Private Market managers within our Alternative Investment Solutions business group. Our Private Credit (PC) team delivers customized service solutions for investment funds that have closed‑end structures and a variety of portfolio investments. This opportunity uniquely offers candidates the chance to serve hybrid hedge and private credit products for industry‑leading asset managers.

The PC NAV role is the hub in the delivery of administrative services. Employees interact daily with functional teams including trade operations, investor services, custody, tax, and financial reporting locally and in globally diverse locations.

The team you will join is 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 Market 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.

• Assist in managing staff (including Associate 1, Associate 2 and Senior Associate staff)
• Manage internal workflow and client deadlines
• Manage client relationships and liaise with client personnel on a daily basis
• Maintain good working relationships with all client contacts including investment professionals, investors, auditors, lawyers and banking personnel
• Review quarterly and annual financial work paper packages including portfolio schedules, accruals and partner capital allocations
• Review and/or prepare complex fee calculations, management fees, waterfall and capital account allocations

• Strong critical thinking, problem‑solving and decision‑making skills
• An ability to be a leader within the team and among peers
• Strong communication, interpersonal and organizational skills, including excellent time management and prioritization skills
• Demonstrated initiative, ability to perform well under pressure and handle multiple assignments simultaneously
• Excellent administrative and organizational skills with proven ability to multi‑task and work efficiently to meet client deliverables
• Investran experience is preferred

• Bachelor’s degree in Accounting or Finance
• At least 5 to 6 years of Private Market experience
• Experience with alternative investment asset classes, complex fund structures and fee calculations desired
• Ability to thrive and function in a high‑pressure, deadline‑driven environment
• CPA qualification is favourable but not required
• Experience with Investran or Geneva favourable but not required

$70,000 - $115,000 Annual

• 401(k) retirement savings plan with company match
• Health, dental, vision, life, and long‑term disability insurance
• Paid time off including vacation, sick leave, short‑term disability and family care responsibilities
• Employee Assistance Program
• Incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans)
• Eligibility for certain tax‑advantaged savings plans

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

Job : R‑781360