Fund Accounting & Administration Assistant Vice President

Who we are looking for

We are looking for a Fund Accounting & Administration, Assistant Vice President reporting directly to Fund Accounting & Administration, Vice President. This managerial position is within the Private Equity Fund Services Business Unit of the State Street Alternative Investment Solutions Group. The position interacts with all levels of professionals both internally and externally. Therefore, exceptional interpersonal and communication skills are required. Candidates must demonstrate initiative, be able to perform well under pressure and simultaneously handle multiple assignments. The position is responsible for managing client relationships and managing and directing the overall accounting and administration for several client sponsored.

Why this role is important to us

The team you will be joining is a part of Alternatives Fund Accounting, a function that is vital to the company. Alternative Investment Solutions is a recognized industry-leading provider of fund accounting, fund administration and risk services to hedge funds and private equity funds. These services are fully integrated to provide complete end-to-end solutions that span the front-, middle- and back-office requirements of institutional investors.

Join us if making your mark in the alternative investment industry from day one is a challenge you are up for.

What you will be responsible for

As a Fund Accounting & Administration, Assistant Vice President, you will:

• Manage day-to-day communications with contacts of several clients, including investment professionals, client personnel, investors, attorneys, auditors, bankers, etc
• Thorough review and understanding of investment fund legal documents, including complete understanding of partnership allocations and distribution waterfalls
• NAV oversight, Full review of accounting and tax work paper packages, NAV packs, financial statements and other reports and communications for one or more clients
• Coordinate and manage annual audit and tax return preparation with Big 4 accounting firms, including negotiation or review of fees, as necessary
• Direct and/or indirect management and supervision of all subordinate staff levels
• Coordinate discussion and documentation of portfolio investment valuations with clients, as necessary
• Ensure the development and implementation of training for all levels of accounting staff and management
• Coordinate and liaise with other operating groups (investor communications, financial reporting, tax, etc) to ensure effective communication among operating groups
• Assist with development and implementation of accounting policies and procedures
• Review and approve all transactions (money movement, trades, etc.) in accordance with established guidelines
• Ensure client deadlines are met, regulatory filings RCS, BCL, CSSF completed etc.
• Assist with execution and implementation of GAAP and other technical accounting pronouncements, as necessary
• Coordinate and manage special client and corporate projects
• Meet all requirements for the performance planning process including goal setting, regular and immediate feedback and submission of formalized performance appraisals
• Represent State Street at periodic client meetings, present and discuss business results and initiatives
• Participate in industry sponsored trade shows, seminars and other events.

What we value

These skills will help you succeed in this role:

• Practical experience with fund accounting systems such as Investran, Geneva, other
• In depth understanding of alternative investment product range and fund accounting topics in private markets
• Knowledge in regulatory reporting/filing RCS, BCL, CSSF
• Successfully finalized post graduate qualification in accounting or advanced in a process.
• Substantial previous fund accounting experience, including managerial experience
• Previous auditing experience and / or coming directly from business
• Excellent administrative, organizational and business support skills, with the ability to juggle priorities and to work calmly under pressure
• Excellent working knowledge of MS Office suite including Word, Excel and PowerPoint
• Strong written & verbal communication skills
• Possess excellent organizational, planning and co-ordination skills.
• Ability to work accurately to tight deadlines
• Proactive and able to work independently and as part of a team
• A solutions driven person, bringing a positive spirit into the team

Education & Preferred Qualifications

• Candidates must have a college degree (accounting degree strongly preferred; business, mathematics, finance or economics degree required)
• Minimum 10 years’ experience in financial sector, preferable in Luxembourg private markets
• Additional professional qualification as ACCA or CFA is of advantage
• Working experience of different GAAP (Lux GAAP, IFRS, US GAAP)

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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