Private Equity Carried Interest and Performance Fee Modeling Expert

3 days ago


Clifton, New Jersey, United States State Street Corporation Full time
About the Role

We are seeking a highly skilled Private Equity Carried Interest and Performance Fee Modeling Expert to join our team. This is an exciting opportunity for a seasoned professional with expertise in private equity waterfalls and carried interest calculations.

As a key member of our Private Equity Fund Services Business Unit, you will interact with professionals at all levels, both internally and externally, and work closely with senior executives. Exceptional interpersonal and communication skills are essential for success in this role.

Key Responsibilities
  • Serve as Subject Matter Expert (Voice of the Accountant) on private equity waterfalls and carried interest calculations to enhance our proprietary tool and configure/deploy waterfall models for existing and new business.
  • Manage and coordinate all aspects of waterfall model deployment strategy.
  • Consult with fund accounting teams and clients on interpretation and construction of total return and deal-by-deal waterfall models.
  • Assess data clean-up or enrichment needs to automate waterfall process.
  • Evaluate compliance with investment fund legal documents, such as limited partnership agreements.
  • Work with developers to define requirements for ongoing development of waterfall automation tool.
  • Manage User Acceptance Testing of waterfall tool development.
  • Act as Voice of the fund accountant/waterfall owner.
  • Provide management reporting, including project status reports and KPIs.
  • Review workflow process and implement process improvements.
  • Train and educate fund accounting teams on interpretation of LPAs, configuration of waterfall models, and instruction on the waterfall calculation tool.
  • Foster a Lean Culture by focusing on continuous improvement.
About You

To succeed in this role, you will require:

  • Bachelor's degree or higher in Accounting or a related field (MBA, CPA, CFA, or CAIA preferred).
  • At least 7 years of experience in private equity accounting, either at a fund or fund administrator.
  • 5+ years of extensive waterfall modeling experience, including Total Return and Deal-by-Deal models.
  • Knowledge of Investran is a plus.
What We Offer

We offer a competitive salary package, ranging from $75,000 to $127,500 annually, depending on location and experience. Our benefits include generous medical care, insurance, and savings plans. You will also have access to flexible Work Programs, development programs, and educational support to help you reach your full potential.

We value diversity, inclusion, and social responsibility. We welcome candidates from diverse backgrounds and offer tools to help balance your professional and personal life. As an equal opportunity employer, we actively engage with our communities around the world, both as a partner and a leader.



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