Full-Time

Private Markets

Fund Accounting & Administration, Assistant Vice President

Confirmed live in the last 24 hours

State Street

State Street

10,001+ employees

Asset management and custody banking services

Consulting
Financial Services

Senior

Company Historically Provides H1B Sponsorship

Boston, MA, USA

Category
Cost Accounting
Financial Accounting
Management Accounting
Accounting
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
  • CPA qualification is favourable but not required
  • Experience with Investran or Geneva favourable but not required
  • Strong critical thinking, problem solving, and decision making skills
  • Good interpersonal skills
  • Attention to detail
  • Effective time management
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.
  • Demonstrate an unrelenting commitment to client satisfaction.
  • Ensure adherence with internal policies and procedures and compliance with external governing regulations.
  • Design and champion technology solutions to address the complex reporting and data requirements of clients.
  • Proactively identify and participate in cross-sell opportunities.
  • Participate in strategic working groups within the organization to improve processes and our operating model.
  • Recruit, hire, train, motivate, and develop staff to realize their full potential.

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 innovation and leadership, particularly in promoting gender diversity and inclusion within the workplace. The goal of State Street is to provide high-quality financial services while fostering an inclusive environment for its employees.

Company Stage

IPO

Total Funding

N/A

Headquarters

Boston, Massachusetts

Founded

N/A

Growth & Insights
Headcount

6 month growth

-10%

1 year growth

-10%

2 year growth

-10%
Simplify Jobs

Simplify's Take

What believers are saying

  • State Street's strategic acquisitions, such as stakes in BWP Trust and Australian Clinical Labs, indicate robust growth and expansion opportunities.
  • The company's exploration of blockchain-based payment solutions, including stablecoin and token launches, positions it at the forefront of financial technology innovation.
  • State Street's strong leadership team, with recent high-profile appointments, underscores its commitment to maintaining a competitive edge in the industry.

What critics are saying

  • The competitive nature of the financial services industry requires State Street to continuously innovate to maintain its market position.
  • Regulatory challenges and compliance issues, especially with new ventures like stablecoin and token launches, could pose significant risks.

What makes State Street unique

  • State Street's focus on institutional investors, including mutual funds and pension funds, sets it apart from competitors who may target a broader audience.
  • The company's commitment to innovation, such as exploring stablecoin and token launches, demonstrates its forward-thinking approach in the financial services industry.
  • State Street's emphasis on diversity and inclusion, highlighted by initiatives like WomenInFinance, distinguishes it as a leader in fostering a supportive and inclusive workplace.

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