Private Equity Fund Accounting and Administration, Vice President

Who we are looking forWe are looking for a Vice President (VP) for our Private Markets to service clients for our division of Alterative Investment Solutions Group. They will partner with both clients and colleagues to establish the workflow and client deadlines while supervising staff members. They will be responsible for delivering reporting and day-to-day accounting and support for our clients.

Why this role is important to usThe 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 credit funds. These services are fully integrated to provide complete end-to-end solutions that span the front-, middle- and back-office requirements.

What you will be responsible forAs Fund Accounting & Administration, VP you will be responsible for Supervising all lower level staff (including Associate 1, Associate 2, Senior Staff, Officer and AVP).Managing client relationships with both client personnel and fund investors.

Reviewing quarterly and annual financial work paper packages including portfolio schedules, accruals and PCAP allocations.

Reviewing quarterly and annual financial statements and footnotes.

Review and/or preparation of annual tax work paper packages.

Review and/or preparation of capital calls and distributions, including notices and release merged documents.

Reviewing monthly bank reconciliations and post journal entries.

Reviewing quarterly management fee calculations.

Review and/or preparation of various client related correspondence.

Work with database team regarding client deliverables such as financial statements, capital calls and distribution notices.

Heavy client interaction on a daily basis.

Coordination of annual audit and tax return preparation with Big 4 accounting firms.

Review and/or preparation of waterfall and capital account allocations.

Understand how to navigate through limited partnership agreement.

Review and/or preparation of estimated tax work papers.

Maintain working relationship with all client contacts, including investment professionals, investors, auditors, lawyers and banking personnel.

Ensure compliance with investment fund legal documents, i.e. partnership agreement.

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

Special client projects.

Manage internal workflow and client deadlines.

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.

What we value

Strong critical thinking, problem solving, and decision making skills

Excellent administrative and organizational skills

Ability to multi task and work efficiently to meet client deliverables.

Education &

Preferred Qualifications Bachelor’s degree with accounting
12+ years of general ledger accounting or audit experience6+ years of leadership experience

Previous Financial reporting experience

Advanced Excel skills (advanced formulas, pivot tables, VLOOKUP).Additional requirements

Real Estate, Hedge Fund, or Private Market accounting experience

Exceptional interpersonal & communication skills

Experience with Investran, Great Plains and Oracle Financials preferred

The ideal candidate will be a well-organized detailed oriented, analytical individual with exceptional interpersonal and communication skills.

Candidates must demonstrate the ability to simultaneously handle multiple assignments and pressure while working efficiently to meet client deliverables

About State Street What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data…