Private Credit, Fund Accounting & Administration Assistant Vice President

Who we are looking for 

State Street is an industry leader in providing administrative fund services to both Hedge Fund and Private Market managers within our Alternative Investment Solutions business group. Our Private Credit team delivers customized service solutions for investment funds that have closed end structures and a variety of portfolio investments. This opportunity uniquely offers candidates the opportunity to service hybrid hedge and private equity products for industry leading asset managers. The PE NAV role is the hub in the delivery of administrative services. Employees interact daily with functional teams including; trade operations, investor services, custody, tax, and financial reporting locally and in globally diverse locations. 

Why this role is important to us 

The team you will be joining is a part of International Fund Services (IFS), acquired by State Street in July 2002. IFS, also known as Alternative Investment Solutions is a recognized industry-leading provider of fund accounting, fund administration and risk services to Hedge Funds and Private Market Funds. These services are fully integrated to provide complete end-to-end solutions that span the front-, middle- and back-office requirements of institutional investors. 

Join us if making your mark in the alternative investment industry from day one is a challenge you are up for. 

What you will be responsible for 

As Fund Accounting & Administration, AVP you will 

• 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 

What we value  

These skills will help you succeed in this role 

• Strong critical thinking, problem solving, and decision making skills 

• Good interpersonal skills 

• Attention to detail 

• Effective time management 

Education & Preferred Qualifications 

• Bachelor’s degree in Accounting or Finance 

• At least 5 to 6 years of Private Market experience 

• Experience with alternative investment asset classes, complex fund structures and fee calculations desired 

• Highly effective communication and management skills