Private Equity, Fund Accounting & Administration, Assistant Vice President

Private Equity, Fund Accounting & Administration, Assistant Vice President

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 chance 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, and employees interact daily with trade operations, investor services, custody, tax, and financial reporting teams locally and globally.

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 chance to service hybrid hedge and private equity products for industry‑leading asset managers.

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 and accounting to full‑suite fund administration and shareholder record‑keeping, SSGS’s 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’re ready for.

• 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 potential.

• Strong critical thinking, problem solving, and decision‑making skills.
• Good interpersonal skills.
• Attention to detail.
• Effective time management.

• 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.
• Highly effective communication and management skills.
• Ability to thrive in a high‑pressure, deadline‑driven environment.
• CPA qualification is favourable but not required.
• Experience with Investran or Geneva is favourable but not required.

$85,000 - $152,500 Annual

Employees are eligible to participate in State Street’s comprehensive benefits program, which includes a retirement savings plan (401(k) with company match), basic life, medical, dental, vision, long‑term disability, and other optional coverages; paid‑time off including vacation, sick leave and short‑term disability; access to an Employee Assistance Program; incentive compensation including eligibility for annual performance‑based awards; and eligibility for certain tax‑advantaged savings plans.