Fund Accounting & Administration, Vice President

Who we are looking for

We are looking for a Vice President (VP) for our Private Markets to service clients for our division of Alterative Investment Solutions Group. They will partner with both clients and colleagues to establish the workflow and client deadlines while supervising staff members. They will be responsible for delivering reporting and day-to-day accounting and support for our clients.

Why this role is important to us

The team you will be joining is a part of International Fund Services (IFS), acquired by State Street in July 2002. IFS, also known as Alternative Investment Solutions is a recognized industry-leading provider of fund accounting, fund administration and risk services to hedge funds and private credit funds. These services are fully integrated to provide complete end-to-end solutions that span the front-, middle- and back-office requirements.

What you will be responsible for

As Fund Accounting & Administration, VP you will be responsible for

Supervising all lower level staff (including Associate 1, Associate 2, Senior Staff, Officer and AVP).

Managing client relationships with both client personnel and fund investors.

Reviewing quarterly and annual financial work paper packages including portfolio schedules, accruals and PCAP allocations.

Review and/or preparation of capital calls and distributions, including notices and release merged documents.

Reviewing monthly bank reconciliations and post journal entries.

Reviewing quarterly management fee calculations.

Review and/or preparation of various client related correspondence.

Work with database team regarding client deliverables such as financial statements, capital calls and distribution notices.

Heavy client interaction on a daily basis.

Coordination of annual audit and tax return preparation with Big 4 accounting firms.

Review and/or preparation of waterfall and capital account allocations.

Understand how to navigate through limited partnership agreement.

Maintain working relationship with all client contacts, including investment professionals, investors, auditors, lawyers and banking personnel.

Ensure compliance with investment fund legal documents, i.e. partnership agreement.

Assist accounting managers to ensure compliance with investment fund agreements and other legal documents.

Special client projects.

Manage internal workflow and client deadlines.

During the course of normal day to day operation, be responsible for identifying any unusual or potentially suspicious transaction activity and must report and/or escalate in accordance with corporate policy and guidelines detailed in relevant operating procedures.

What we value

Strong critical thinking, problem solving, and decision making skills

Excellent administrative and organizational skills

Ability to multi task and work efficiently to meet client deliverables.

Education & Preferred Qualifications

Bachelor’s degree with accounting

12+ years of general ledger accounting or audit experience

6+ years of leadership experience

Previous Financial reporting experience

Advanced Excel skills (advanced formulas, pivot tables, VLOOKUP).

Additional requirements

Private Equity or Private Market accounting experience

Exceptional interpersonal & communication skills

Experience with Investran and Geneva preferred

The ideal candidate will be a well-organized detailed oriented, analytical individual with exceptional interpersonal and communication skills.

Candidates must demonstrate the ability to simultaneously handle multiple assignments and pressure while working efficiently to meet client deliverables

Salary Range:

$110,000 - $181,250 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 https://hrportal.ehr.com/statestreet/Home .

About State Street

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.

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