Private Equity Fund Accounting & Administration, Officer

Overview

State Street is an industry leader in providing administrative fund services to both Hedge Fund and Private Equity managers within our Alternative Investment Solutions business group. Our PE 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 service hybrid hedge and private equity products for industry‑leading asset managers.

The PE 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.

• Manage internal workflow and client deadlines
• Manage client relationships & 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
• Oversee the general ledger for various fund entities
• Work with internal teams both onshore and abroad
• Review quarterly and annual financial workpaper packages
• Review investor allocations and capital calls and distributions
• Review and/or prepare complex fee calculations, management fees waterfall and capital account allocations, etc.

• Strong critical thinking, problem solving, and decision making skills
• Ability to be a leader within their team, as well as a leader among peers
• Strong communication, interpersonal, and organizational skills, including excellent time management and prioritization skills
• Demonstrate initiative, perform well under pressure, and handle multiple assignments simultaneously
• Excellent administrative and organizational abilities with proven multitasking and efficient client deliverables

• Bachelor’s degree in Accounting or Finance
• At least 5 to 6 years of Private Equity experience
• Experience with alternative investment asset classes, complex fund structures, and fee calculations desired

$70,000 - $122,500 Annual

Employees are eligible to participate in State Street’s comprehensive benefits program, which includes a retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long‑term disability, and other optional additional coverages; paid time off including vacation, sick leave, short‑term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance‑based awards (excluding certain sales roles subject to sales incentive plans);

and eligibility for certain tax‑advantaged savings plans.

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. We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential.

As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work‑life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

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.

R-782282