Private Credit, Fund Accounting & Administration, Officer

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.

• Manage internal workflow and client deadlines
• Manage client relationships and liaise with client personnel on a daily basis
• Maintain good working relationship with all client contacts including investment professionals, investors, auditors, lawyers, and banking personnel
• Oversee the general ledger for various fund entities
• Work with internal teams both onshore and abroad
• Review quarterly and annual financial workpaper packages
• Review investor allocations, capital calls, and distributions
• Review and/or prepare complex fee calculations, management fee waterfall, and capital account allocations

• Strong critical thinking, problem‑solving, and decision‑making skills
• Ability to be a leader within one’s team and among peers
• Strong communication, interpersonal, and organizational skills, including excellent time management and prioritization
• Demonstrated initiative, ability to perform well under pressure, and simultaneous handling of multiple assignments
• Excellent administrative and organizational skills with proven ability to multi‑task and work efficiently to meet client deliverables

• Bachelor’s degree in Accounting or Finance
• At least 5 to 6 years of Private Equity experience
• Experience with alternative investment asset classes, complex fund structures, and fee calculations (desired)

$70,000 – $107,500 Annual

Employees are eligible to participate in State Street’s comprehensive benefits program, which includes a 401(k) plan with company match, health, dental, vision, long‑term disability, paid time off, employee assistance program, incentive compensation, and tax‑advantaged savings plans.

State Street is an equal‑opportunity and affirmative‑action employer. As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, gender identity, sexual orientation, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

In compliance with the U.S. federal government Executive Order 14042, State Street requires vaccination against COVID‑19 as a condition of employment in the United States. If you accept this position, you will be required to substantiate that you are vaccinated, or that you are legally entitled to a religious or medical exemption.

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.