2. Manage and coordinate all aspects of waterfall model deployment strategy

3. Consult both internally with fund accounting teams, and externally with clients on interpretation and construction of total return and deal-by-deal waterfall models

4. Assess data clean-up or enrichment needs to be able to automate waterfall process

5. Ensure compliance with investment fund legal documents, i.e. limited partnership agreements

6. Work with developers to define new requirements (formulaic, data needs and/or reporting needs) for ongoing development of waterfall automation tool

7. Manage User Acceptance Testing of waterfall tool development including test scripts and success criteria

8. Voice of the fund accountant/waterfall owner

9. Provide management reporting including but not limited to project status reports, KPIs, etc.

10. Review workflow process and implement process improvement

11. Train and educate fund accounting teams on interpretation of LPAs, configuration of waterfall models, instruction on the waterfall calculation tool, etc.

12. Help create a Lean Culture by focusing on continuous improvement

Qualifications:

• Bachelor's degree or higher (Accounting preferred). MBA, CPA, CFA, or CAIA a plus

• 7+ years of private equity accounting experience either at a fund or fund administrator

• 5+ years extensive waterfall modeling Total Return and Deal-by-Deal: must be able to efficiently and independently build an Excel waterfall model in its entirety

• Investran knowledge preferred

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 by location, but you may expect generous medical care, insurance and savings plans, among other perks. You'll have access to flexible Work Programs 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 perspectives 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 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 programs 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

Salary Range:
$75,000 - $127,500 Annual

The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.

Job Application Disclosure:

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.

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