Job Opportunity
AVP – Fund Accounting & Administration, Private Equity
State Street | Berwyn, PA
Job Summary
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. Bachelor’s Degree in Accounting or Finance. 5+ years of Private Equity experience.
Details
Who We Are Looking For
State Street is an industry leader in providing administrative fund services to both Hedge Fund and Private Equity managers within our Alternative Investment Solutions business group. Our PE 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 State Street Global Services (SSGS). SSGS gives asset owners and managers access to the essential financial tools they need to deliver effective investment solutions. From core custody, accounting, fund administration and shareholder recordkeeping, to complete operations solutions and servicing for alternative assets like OTC derivatives, private equity and real estate, SSGS’ tools help our clients make better investment choices and act on growth opportunities.
Join us if making your mark in the financial services industry from day one is a challenge you are up for.
What You Will Be Responsible For:
* Managing 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.
* Allocation of income to the investors, determination of management and incentive fees in accordance with the waterfall provisions, and processing capital events such as capital calls and distributions
*Portfolio- and fund-level accounting for numerous funds including the review and approval of monthly or quarterly net asset value reporting
* Leading the onboarding of existing client funds and the launch of new funds
* Demonstrating an unrelenting commitment to client satisfaction
* Ensuring adherence with internal policies and procedures and compliance with external governing regulations
* Designing and championing technology solutions to address the complex reporting and data requirements of clients
* Proactively identifying and participating in cross-sell opportunities
* Participating in strategic working groups within the organization to improve processes and our operating model
* Recruiting, hiring, training, motivating, and developing the staff to realize their full potential
Education & Preferred Qualifications:
* Bachelor’s Degree in Accounting or Finance
* CPA qualification is favorable, but not required
* At least 5-6 years of Private Equity experience
* Experience with alternative investment asset classes, complex fund structures and fee calculations desired
* Ability to thrive and function in a high-pressure, deadline-driven environment
* Experience with Investran or Geneva favorable, but not required
* Highly effective communication and management skills
What We Value:
* Strong critical-thinking, problem-solving, and decision-making skills
* Good interpersonal skills
* Attention to detail
* Effective time management skills
Click here for details on this job
- Job Reference #: R-775592
- Compensation: $ 165,000
- Min Education: BA/BS
- Min Experience: 5 years