Private Equity Fund Accounting & Administration, Assistant Vice President

Private Equity Fund Accounting & Administration, Assistant Vice President

Join State Street, an industry leader in administrative fund services, as an Assistant Vice President in our Private Equity (PE) team. In this role you will service hybrid hedge and private equity products for leading asset managers, integrating with trade operations, investor services, custody, tax, and financial reporting teams locally and globally.

• Manage a growing team of financial services professionals in delivering accounting and administrative services for one or more alternative investment client relationships.
• Allocate income to investors and determine management and incentive fees in accordance with waterfall provisions, processing capital calls and distributions.
• Account for portfolio and fund level activities, review and approve monthly or quarterly net asset value reports.
• Lead onboarding of existing client funds and launch of new funds.
• Demonstrate commitment to client satisfaction and adherence to internal policies and external regulations.
• Design and champion technology solutions to meet complex reporting and data requirements.
• Identify and participate in cross‑sell opportunities and strategic working groups to improve processes and operations.
• 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 5‑6 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 favorable but not required.
• Experience with Investran or Geneva favorable but not required.

$85,000 - $152,500 per annum. Salary may vary if the primary location differs.

Employees are eligible to participate in a comprehensive benefits program including a retirement savings plan (401K) with employer match, insurance coverage (life, medical, dental, vision, long‑term disability), paid time off, Employee Assistance Program, incentive compensation, and tax‑advantaged savings plans.

State Street is an Equal Opportunity Employer and considers all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

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.

R-781202