Full-Time

Fund Accounting & Administration – Senior Associate

Confirmed live in the last 24 hours

State Street

State Street

10,001+ employees

Asset management and custody banking services

Fintech
Financial Services

Mid, Senior

Company Historically Provides H1B Sponsorship

Montreal, QC, Canada + 1 more

More locations: Toronto, ON, Canada

Category
Financial Accounting
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
  • Must have a minimum of 2 years of experience at the management level in a hedge fund administration environment
  • Must have a minimum of 3 years experience in a hedge fund administration environment or other related financial services experience
  • Bachelors degree in Accounting, Finance or other business related area
  • Accounting experience a plus
  • Demonstrated ability to supervise a team
Responsibilities
  • Calculate and validate a weekly and/or monthly Net Asset Value (NAV) for their assigned funds
  • Review cash reconciliations daily (no unresolved discrepancies)
  • Review portfolio position reconciliations daily (including equities, bonds, swaps, options, fund of funds, foreign exchange, futures and other evolving derivative instruments)
  • Analyze and validate traders' profit and loss statement daily
  • Review and ensure all positions are priced correctly daily
  • Review of accounting transactions for accuracy
  • Review and validate the partner/shareholder allocation calculations, including management and incentive fee calculations
  • Ensure all daily client reporting deadlines are met by your team
  • Ensure weekly / monthly end Dealing Date NAV deadlines are achieved by your team
  • Review of the weekly / month end NAV pack before presentation to NAV Officer / Manager
  • Lead/assist with financial statement preparation (monthly and annually)
  • Lead/assist with working paper preparation and enquiries related to the annual audit
  • Lead/assist with periodic financial reporting for Hedge Funds (i.e. Statement of Assets and Liabilities and Statement of Profit and Loss)
  • Review and understand the fund's offering memorandum and verify that the offering memorandum agrees to fund set up and ensure that ongoing operations adhere to offering memorandum details
  • Ensure appropriate allocation and sharing of work within team
  • Develop communication within the team on a day to day basis
Desired Qualifications
  • Excellent communication and interpersonal skills
  • Confident and decisive
  • Ambitious and energetic
  • Strong work ethic - flexible and adaptable
  • Can-do attitude with high energy
  • Self-motivated with a passion for learning and growth

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

  • Growing demand for ESG investing boosts State Street's asset management division.
  • Digital asset trends create new opportunities for State Street's custody services.
  • Passive investing growth allows State Street Global Advisors to expand ETF offerings.

What critics are saying

  • Increased competition from BlackRock and Vanguard threatens State Street's market share.
  • Interim CFO appointment may cause instability in financial leadership.
  • Investments in volatile biotech stocks expose State Street to financial risk.

What makes State Street unique

  • State Street excels in integrating ESG factors into investment strategies.
  • The company is a leader in secure digital asset custody services.
  • State Street leverages advanced data analytics to enhance financial services.

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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