Private Equity, Fund Accounting & Administration, Assistant Vice President

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.

Why this role is important to us:
The team you will be joining is part of State Street Global Services (SSGS). SSGS provides asset owners and managers access to essential financial tools to deliver effective investment solutions, including custody, accounting, fund administration, shareholder recordkeeping, and operations services for alternative assets like OTC derivatives, private equity and real estate. Join us if making your mark in the financial services industry from day one is a challenge you are up for.

• Manage a growing team of financial services professionals in the production and delivery of accounting and administrative services for one or more alternative investment client relationships.
• Primary responsibility for the allocation of income to investors, determination of management and incentive fees in accordance with waterfall provisions, and processing capital events such as capital calls and distributions.
• Responsible for portfolio and fund level accounting for numerous funds including the review and approval of monthly or quarterly net asset value reporting.
• Lead the onboarding of existing client funds and the launch of new funds.
• Demonstrate an unrelenting commitment to client satisfaction.
• Ensure adherence with internal policies and procedures and compliance with external governing regulations.
• Design and champion technology solutions to address the complex reporting and data requirements of clients.
• Proactively identify and participate in cross-sell opportunities.
• Participate in strategic working groups within the organization to improve processes and our operating model.
• Recruit, hire, train, motivate, and develop staff to realize their full potential.

• Strong critical thinking, problem solving, and decision making skills
• Good interpersonal skills
• Attention to detail
• Effective time management

• 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
• Highly effective communication and management skills
• 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

$85,000 - $152,500 Annual

The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.

Employees are eligible to participate in State Street’s comprehensive benefits program, which includes: our 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.

For a full overview, visit

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…