Fund Accounting & Administration, Senior Associate at State Street in Boston, Massachusetts

Job Description:

This supervisory position is within the AIS PE BU. Position will be responsible to direct the day-to-day accounting and admin for client sponsored investment funds.

• Review work papers, portfolio schedules, accruals and PCAP allocations, financial statements and footnotes, monthly bank recs, as well as quarterly management fee calculations.




• Review and/or prepare of capital calls and distributions, various client correspondences, as well as waterfall and cap account allocation.




• Work with database team on client deliverables.




• Heavy client interaction on a daily basis.




• Understand how to navigate through LPA.




• Maintain working relationship with all client contacts, auditors, lawyers and banking personnel.




• Ensure compliance with investment fund legal documents, i.e. LPA.




• Assist accounting managers to ensure compliance with investment fund agreements and other legal documents.




• Special projects as assigned.

During the course of normal day to day operation, be responsible for identifying any unusual or potentially suspicious transaction activity and must report and/or escalate in accordance with corporate policy and guidelines detailed in relevant operating procedures.

Qualifications:

• Accounting degree




• 2 to 3 years of supervisory and/or financial reporting experience is required.




• Private equity industry is a plus.




• Strong computer skills are required.




• Exceptional interpersonal & communication skills are required.




• Candidates must demonstrate initiative, be able to perform well under pressure and simultaneously handle multiple assignments.