What we can offer you?
This is the entry level position within the Private Equity Fund Services Business Unit of the State Street Alternative Investment Solutions Group.
Under direct supervision, the Fund Administrator, Asscoiate 1 provides assistance with the daily cash management, custody and accounting, and reporting functions to support the fund administration role. Fund Administrators at State Street interact with all levels of personnel and will have limited contact with clients or client contacts. Fund Administrators handle the day-to-day accounting and accounting related administration for one or more client sponsored investment funds.
As a Fund Accounting Associate, you will be involved in:
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- Preparation of periodic cash or other bank reconciliations for all fund entities.
- Accounts payable, distribution and investment funding processing including preparation of checks and/or wires and seeking appropriate approval
- Monitoring USD and non-USD cash movement to ensure proper and timely settlement
- Reconciliation and preparation of capital call calculations
- Preparation and input of general ledger journal entries and cash disbursements.
- Preparation of quarterly and annual financial reporting work paper packages including portfolio investment schedules and accrual work papers.
- Preparation of quarterly and annual financial statement drafts
- Preparation of work papers in support of annual tax filings or providing documents for third-party preparation
- Maintaining electronic and hard copy client files on a daily basis and archiving as necessary
- Maintenance of general ledger, including preparation and update of system generated reports and/or financial statements.
- Interacting with auditors providing requested information as needed
- Preparation of various client related correspondence including audit confirmations and investor requests as applicable
- Participation in special client or internal projects as required.
What we value:
These skills will help you succeed in this role:
- Strong analytical skills and an attention to detail and accuracy
- Ability to problem solve
- Ability to work to tight deadlines
- Strong communication skills and the ability to escalate where appropriate
Education & Preferred Qualifications:
- Degree level at any discipline is preferred, but not essential.
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 & analytics, investment research & trading and investment management to institutional clients.
Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary in locations, but you may expect generous medical care, insurance and savings plans among other perks. You'll have access to flexible Work Program to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.
Inclusion, Diversity and Social Responsibility. We truly believe our employees' diverse backgrounds, experiences and perspective are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome the candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality.
Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift program and access to employee networks that help you stay connected to what matters to you.
State Street is an equal opportunity and affirmative action employer. Discover more at StateStreet.com/careers
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