Private Credit Fund Accounting and Administration, Vice President - job 1 of 2
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.
- Reviewing quarterly and annual financial statements and footnotes.
- Review and/or preparation of annual tax work paper packages.
- 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.
- Review and/or preparation of estimated tax workpapers.
- 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
- Real Estate, Hedge Fund, or Private Market accounting experience
- Exceptional interpersonal & communication skills
- Experience with Investran, Great Plains and Oracle Financials 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
About State Street
What we do. 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. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.
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.
Discover more at StateStreet.com/careers
Salary Range:
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.
Job Application Disclosure:
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
Lead fund accounting and administration for private equity clients at State Street as an Assistant Vice President in a hybrid work environment.
An experienced Java and DB2 Developer is sought by State Street to contribute to innovative financial technology solutions in an agile team.
A Remote Senior Director of Accounting role to lead Care Access’s global accounting operations and ensure financial excellence across the organization.
UMMS seeks a Professional Fee AR Specialist to manage patient billing and collections, ensuring accurate reimbursement in a dynamic healthcare environment.
Lead financial clerks in managing and resolving complex financial tasks for the Maricopa County Superior Court, supporting innovative judicial operations.
An established manufacturing firm is looking for a skilled Controller to lead their accounting functions and financial controls.
Experienced accounting leader wanted to assist the CFO and lead accounting operations within a mature association in Ridgeland, MS.
Echo360 is looking for a remote AP Specialist to manage accounts payable operations, ensuring precision and financial compliance in support of its transformative learning platform.
Support project financial health and Smartsheet operations as a Project Accounting & Application Specialist at Cambrex.
The Accounting Coordinator role at Walter | Haverfield offers the opportunity to oversee accounts payable and client billing with a focus on accuracy and compliance within a hybrid work model.
Canon Financial Services is seeking a detail-oriented Staff Accountant Specialist to support financial operations and internal controls with a hybrid work schedule.
A Fortune 500 logistics company is looking for a Domestic Inbound Accounting, Tracking & Tracing Agent to oversee financial activities and shipment tracking in Hawthorne, CA.
B&A is seeking a detail-oriented Project Accountant in Huntsville, AL, to manage financial aspects of federal projects and support mission-critical contract accounting.
Phil is looking for a Senior GL Accountant to support financial operations and compliance in a dynamic health-tech startup environment.
Join Lithia & Driveway Montclair Acura as a Dealership Accounting Coordinator I to manage daily financial processes and support dealership accounting operations.
At State Street, inclusion and diversity are embedded in our values and culture. We know that an inclusive culture and a diverse workforce make us stronger and more successful. In a fast-paced and evolving world, we make it a priority to ensure ...
74 jobs
🔮
Hi, I'm Risa! Your AI Career Copilot
you, just ask me below!
