Private Equity Fund Accounting Specialist
4 days ago
About the Role:
We are seeking a highly skilled Private Equity Fund Accounting Specialist to join our team at State Street Corporation. As a key member of our Alternative Investment Solutions business group, you will be responsible for delivering customized service solutions for investment funds with closed-end structures and a variety of portfolio investments.
Key Responsibilities:
- 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.
Requirements:
- 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.
About State Street:
State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we're making our mark on the financial services industry. For more than two centuries, we've been helping our clients safeguard and steward the investments of millions of people.
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