Private Equity, Fund Accounting & Administration, Assistant Vice President - R-775592

State Street Bank and Trust Company • Berwyn, PA • 2d ago

DESCRIPTION/RESPONSIBILITIES: Who we are looking for 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 opportunity 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.

What you will be responsible for As Fund Accounting & Administration, AVP you will

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.

Primarily responsible for the allocation of income to investors, determination of management and incentive fees in accordance with the waterfall provisions, and processing capital events such as capital calls and distributions.

Responsible for the 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

What we value These skills will help you succeed in this role

Strong critical thinking, problem solving, and decision making skills

Good interpersonal skills

Attention to detail

Effective time management

Education & Preferred Qualifications

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

Work, Live and Grow. We make all efforts 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. And our wealth of development programs and educational support will help you reach your full potential.

Inclusion, Diversity and Social Responsibility. We truly believe our employees' diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.

State Street is an equal opportunity and affirmative action employer.

Salary Range: $90,000 - $165,000 Annual

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