Full-Time

Private Equity

Fund Accounting & Administration, Vice President

Posted on 9/27/2024

State Street

State Street

10,001+ employees

Asset management and custody banking services

Fintech
Financial Services

Compensation Overview

$115k - $197.5kAnnually

Senior

Company Historically Provides H1B Sponsorship

Boston, MA, USA

Category
Financial Accounting
Management Accounting
Accounting
Requirements
  • Bachelor’s degree with accounting
  • 12+ years of general ledger accounting or audit experience
  • 6+ years of leadership experience
Responsibilities
  • Supervising staff (including Associates, Senior Associates, Officers 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 annual financial statements and footnotes.
  • Review of capital calls and distributions, including notices.
  • Reviewing quarterly management fee calculations.
  • Review and/or preparation of various client related correspondence.
  • Client interaction on a daily basis.
  • Coordination of annual audit with 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 auditors.
  • 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 (including offshore hubs) and client deadlines.

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

Growth & Insights
Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
Simplify Jobs

Simplify's Take

What believers are saying

  • State Street benefits from the growing demand for ESG-integrated investment strategies.
  • The rise of digital assets offers new growth opportunities for State Street's custody services.
  • Expansion in passive investing and ETFs provides market share opportunities for State Street.

What critics are saying

  • Increased competition from firms like BlackRock and Vanguard may impact State Street's growth.
  • Geopolitical tensions in expansion regions could affect State Street's operations and profitability.
  • The rise of fintech companies poses a threat to State Street's traditional business model.

What makes State Street unique

  • State Street excels in asset management and custody banking for institutional investors.
  • The company is committed to diversity and inclusion in its operations and leadership.
  • State Street leverages advanced technologies for data analytics and investment management.

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