Assets, Fund Accounting & Administration, Senior Associate

Who we are looking for

An individual who is willing to become a leader within the Private Equity and Real Assets Fund Services business unit of the State Street Alternative Investment Services Group. The team comprises dedicated accounting professionals who are passionate about delivering financial reporting and day-to-day accounting and administrative support to premier PE / RE fund clients.

The team you will be joining is part of International Fund Services (IFS), acquired by State Street in July 2002. IFS, also known as Alternative Investment Solutions, is a provider of fund accounting, fund administration and risk services to hedge funds and private equity funds. These services are integrated to provide end-to-end solutions spanning 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.

As a Senior Associate you will be responsible for the preparation, analysis and reporting of investment and fund performance data for global real estate funds and affiliated entities. Through continuous communications with clients and business partners, you will manage multiple functions including, but not limited to:

• Maintaining the general ledger for various fund entities
• Preparing supporting work papers for financial statements, portfolio schedules and capital account allocations
• Preparing financial statements and footnote disclosures
• Analytical review of monthly/quarterly investment and fund performance data
• Reviewing and/or preparing of capital calls, distributions and bank reconciliations
• Preparing management, annual and incentive fee calculations
• Preparing various client correspondences
• Calculating waterfalls and capital account allocations
• Ensuring compliance with legal documents
• Maintaining working relationships with all client contacts, auditors, tax, lawyers and banking personnel
• Be part of special projects as requested

• A college degree (accounting preferred) and at least 3+ years of general ledger accounting or audit experience
• Advanced Excel skills (advanced formulas, pivot tables, vlookup)

• Fund accounting or Public Accounting experience
• CPA or actively pursuing CPA certification
• Experience leading verbal and written communications at senior levels with internal and external clients
• Excellent administrative and organizational skills with demonstrated ability to multi-task and to work efficiently to meet client deliverables.

State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

We strive to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You’ll have access to flexible Work Programs to help you match your needs. Our development programs and educational support will help you reach your full potential.

We believe our employees’ diverse backgrounds, experiences and perspectives are a powerful contributor to an inclusive environment. We welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. State Street is committed to active engagement with communities around the world, and offers volunteer days, matching gifts, and employee networks.

State Street is an equal opportunity and affirmative action employer.

Discover more at

Salary Range: $52,000 - $94,120 Annual

Employees are eligible to participate in State Street’s comprehensive benefits program, which includes retirement savings plan, insurance coverage, paid time off, Employee Assistance Program, incentive compensation, and tax-advantaged savings plans.

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