Full-Time

Private Equity Fund Accounting and Administration

Officer

Confirmed live in the last 24 hours

State Street

State Street

10,001+ employees

Asset management and custody banking services

Fintech
Financial Services

Compensation Overview

$60k - $90kAnnually

Senior

Company Historically Provides H1B Sponsorship

Boston, MA, USA

Hybrid position based in Boston, Massachusetts.

Category
Financial Accounting
Financial Analysis
Management Accounting
Accounting

You match the following State Street's candidate preferences

Employers are more likely to interview you if you match these preferences:

Degree
Experience
Requirements
  • Strong problem solving and analytical skills
  • An ability to be a leader within their team, as well as be a leader amongst your peers
  • Strong communication, interpersonal, and organizational skills, which includes excellent time management and prioritization skills
  • Ability to communicate with various internal teams to resolve inquiries and understanding when to escalate
  • Candidates must demonstrate initiative, be able to perform well under pressure, and simultaneously handle multiple assignments
  • Excellent administrative and organizational with the proven ability to multi-task and to work efficiently to meet client deliverables
  • Knowledge of Private Equity Fund structures, designs & hierarchies, standalone funds, master-feeder funds, and the role of each entity in the fund structure
  • Familiarity with Private Equity Fund Services quarterly deliverables, such as Consolidations, PCAPs, Unfunded Statements, ILPAs, etc.
Responsibilities
  • Supervising lower level staff (including Associate 1 Associate 2 and Senior Associate Staff)
  • Managing internal workflow and client deadlines
  • Managing client relationships & liaising with client personnel on a daily basis
  • Maintaining good working relationship with all client contacts including investment professionals investors auditors lawyers and banking personnel
  • Reviewing quarterly and annual financial work paper packages including portfolio schedules accruals and partner capital allocations
  • Reviewing quarterly and annual financial statements and footnotes and coordinating annual audits
  • Reviewing and/or preparing complex fee calculations management fees waterfall and capital account allocations etc.
Desired Qualifications
  • Private equity experience ideally 5+ years for this role
  • A college degree (accounting, business, mathematics, finance, or economics degree preferred but not essential)
  • Investran experience is a plus

State Street Corporation operates in the financial services industry, focusing on asset management and custody banking. It provides a variety of services to institutional investors, such as mutual funds and pension funds, through its division, State Street Global Advisors, which manages investment portfolios and offers advisory services. The company serves a wide range of clients, including corporations, governments, and non-profit organizations, and utilizes its global network and expertise to deliver customized financial solutions. State Street generates revenue from management fees for overseeing client assets, transaction fees from trading, and service fees for custody and administration. Additionally, it is recognized for its commitment to leadership and diversity, promoting a culture that supports employee growth and inclusion.

Company Stage

IPO

Total Funding

N/A

Headquarters

Boston, Massachusetts

Founded

1792

Simplify Jobs

Simplify's Take

What believers are saying

  • Increased ESG investing aligns with State Street's diversity and inclusion commitment.
  • Digital assets and cryptocurrencies offer growth opportunities for State Street's custody services.
  • The rise of passive investing and ETFs expands opportunities for State Street Global Advisors.

What critics are saying

  • Intensifying competition from firms like BlackRock and Vanguard may impact State Street's growth.
  • Regulatory scrutiny could increase compliance costs for State Street globally.
  • Technological advancements in fintech pose a threat to State Street's traditional banking model.

What makes State Street unique

  • State Street excels in asset management and custody banking for institutional investors.
  • The company is committed to innovation and inclusive leadership in financial services.
  • State Street Global Advisors offers tailored investment solutions to meet diverse client needs.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Flexible Work Hours

Remote Work Options

Professional Development Budget

Tuition Reimbursement

Paid Holidays

Employee Referral Bonus