Fund Accountant - Senior Associate Fund Accountant - Senior Associate …

State Street Corporation
in Clifton, NJ, United States
Permanent, Full time
Be the first to apply
Competitive
State Street Corporation
in Clifton, NJ, United States
Permanent, Full time
Be the first to apply
Competitive
State Street Corporation
Fund Accountant - Senior Associate
This position is within the Private Equity Fund Services Business Unit of the State Street Alternative Investment Services group.
The AIS Fund Administrator Senior Associate interacts with all levels of personnel and with clients or client contacts. Senior Fund Administrators handle the day-to-day accounting and related administration for one or more client sponsored Private Equity Partnership investment funds.

Responsibilities:
  • Review and/or prepare daily position and cash reconciliations.
  • Research and resolve discrepancies.
  • Prepare and process general ledger journal entries.
  • Prepare capital calls and distribution allocation schedules in accordance with fund documents.
  • Maintain general ledger including preparation and update of system generated reports and statements.
  • Review and/or prepare financial work papers including but not limited to portfolio schedules accrual work papers and partners' capital allocations and capital statements.
  • During the course of normal day-to-day operation, will 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.
  • Interacts with internal and external auditors providing requested information to specific inquiries as needed.
  • Prepare process and monitoring USD and non-USD cash movement to ensure proper and timely settlement.
  • Maintain electronic and hard copy client files on a daily basis and archiving as necessary.
  • Prepare various client correspondence and related ad hoc correspondence.
  • Assist in training Associate 1 Fund Accountants.
  • Participate in special client or internal projects as required.

Qualifications:
  • Candidates must have a college degree (accounting or finance preferred)
  • 3-5 years of previous accounting experience, preferably in the financial services industry
  • Advanced MS Excel skills
  • Experience with Investran a plus
  • Specific experience in the Private Equity industry a plus
Company Overview

From technology and product innovation to corporate responsibility and community development, 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 - strengthening markets, building communities and creating opportunities for growth.

We owe that longevity to the commitment, expertise and creativity of our employees. Our continued success depends on our ability to attract and develop the best talent in the industry. That's why we're keenly focused on employee development, corporate citizenship and inclusion.

For us, success comes in the mark we make as an organization - for the industry, our clients, our communities and each other.

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