Hedge Fund Accounting and Administration, Senior Associate

Who We Are Looking For

Fund Administration, Senior Associates interact with all levels of professionals both internally and externally. Therefore, exceptional interpersonal and communication skills are required. Candidates must demonstrate initiative, be able to perform well under pressure and simultaneously handle multiple assignments. Fund Administration Senior Associates are responsible for directing the day‑to‑day accounting and administration for several client-sponsored investment funds.

• Validate and review all daily activity while maintaining all required controls
• Calculate and process fund activities, e.g., support the production of NAV, SEC yields, distributions, corporate actions, etc. and prepare proofs as needed
• Support the review and validation of data as needed, e.g., fund NAV, as well as distribute information to Shared Services and Client Operations teams
• Research and resolve exceptions and issues
• Receive and resolve inquiries in a timely and accurate manner and communicate effectively with client when necessary
• Define and ensure successful completion of ad‑hoc requests
• Escalate unresolved issues to management as required
• Reconcile and resolve discrepancies with other teams as needed
• Ensure appropriate records of daily and monthly activities are kept
• Perform daily or weekly reporting functions for the team’s activities
• Ensure adherence to Standard Operating Procedures
• Keep up to date on broader internal/external business issues; apply knowledge across team
• Assist management in the implementation of new policies and procedures, participate in projects
• Assist with workflow management and technology enhancements, make suggestions to streamline operations
• Maintain knowledge of current alternative procedures and processes
• Support training of new hires as necessary
• During the course of normal day‑to‑day operations, responsible for identifying any unusual or potentially suspicious transaction activity and must report and/or handle in accordance with corporate policy and guidelines detailed in relevant operating procedures
• Perform duties of Associates and provide back‑up management support if required
• Perform other duties as assigned

• Exceptional interpersonal and communication skills are required.
• Candidates must demonstrate initiative, be able to perform well under pressure and simultaneously handle multiple assignments.

• Bachelor’s degree in Accounting or Finance
• Minimum 3 years of experience in the financial services industry preferably within a hedge fund accounting role
• Complex allocation knowledge required
• Advent Geneva experience required
• Demonstrate an understanding of fund level profit & loss characteristics and its implications on investor allocations for various complex fund structures.
• Proficiency in Microsoft Outlook & Excel required
• Strong interpersonal skills, highly effective communication and organization skills
• Ability to thrive and function in a deadline‑driven environment
• Ability to understand and troubleshoot complex fund accounting problems and use analytical skills to resolve issues in a timely manner

$52,000 - $94,120 Annual

Employees are eligible to participate in State Street’s comprehensive benefits program, which includes our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long‑term disability, and other optional additional coverages; paid‑time off including vacation, sick leave, short‑term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance‑based awards (excluding certain sales roles subject to sales incentive plans);

and, eligibility for certain tax‑advantaged savings plans.

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