Private Equity, Fund Accounting & Administration, Assistant Vice President

Who We’re 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.

The team you will be joining is 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, accounting, fund administration and shareholder record keeping, to complete operations solutions and servicing for alternative assets like OTC derivatives, private equity and real estate, SSGS’ tools help our clients make better investment choices and act on growth opportunities.

• 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.
• Allocate income to investors and determine management and incentive fees in accordance with waterfall provisions, and process capital events such as capital calls and distributions.
• Perform 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 and ensure adherence with internal policies and procedures and compliance with external governing regulations.
• Design and champion technology solutions to address 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.

• 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 favourable but not required.

• Salary Range: $90,000 – $157,500 annually (range may vary by location).
• Retirement savings plan (401(k)) with company match.
• Insurance coverage including basic life, medical, dental, vision, long‑term disability, and other optional coverages.
• Paid time off including vacation, sick leave, short‑term disability, and family care responsibilities.
• Employee Assistance Program.
• Incentive compensation including eligibility for annual performance‑based awards.
• Eligibility for certain tax‑advantaged savings plans.

State Street is an equal opportunity employer. All qualified applicants will receive consideration for employment 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.