Private Equity Portfolio Accounting, Senior Associate

Who we are looking for

Private Equity Portfolio Accounting, Senior Associate will be responsible for processing and reviewing transactions, client service, and maintaining a working relationship with the global team. The candidate will participate and/or lead various projects both client facing and internal. Additionally they will be involved in regulatory work ,training, and annual audit.

We're focused on hiring and developing the most talented people in the industry. We look for employees with diverse backgrounds and perspectives who will thrive in an entrepreneurial culture and contribute to our long-term success.

Why this role is important to us

The team you will be joining is a part of State Street Alternative Investments.  SSAI 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 recordkeeping, 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.

What you will be responsible for

As Private Equity Portfolio Accounting, Senior Associate you will:

• Process private equity transactions and resolve private equity transactions related queries

• Coordinate with offshore teams, assist in performance tracking , participate in monthly/quarterly calls

• Deliver services in accordance with Standard Operating Procedures and ensure that assigned work is performed to meet internal standards

• Resolve routine problems using own initiative and escalate complex issues as needed

• Conduct self-review for completed activities and review completed activities for A1s

• Maintain relevant documentation for assigned activities

• Perform research and resolution on exception items; escalate unresolved issues to management as needed

• Proactively share new ideas to support process improvement and changes to team processes

• Build and maintain positive working relationships with colleagues in all locations

• Communicate effectively with others and seek clarifications where required

• Demonstrate progression of process knowledge and understanding of all relevant functional activities in the team

• Maintain professional integrity when dealing with clients and internal business partners

• Primary operational day to day contact for clients as required

• Build and maintain functional and technical knowledge across disciplines to enable handling the majority of client inquiries at the point of contact

• Support client service delivery for operational and risk activities

• Identify and report all risk and compliance issues, breaches and suspicious activities

• Perform other duties as required

What we value

These skills will help you succeed in this role:

• Strong critical thinking, problem solving and decision making

• Excellent knowledge of private equity, real estate and hedge funds

• Strong managerial skills and experience managing offshore locations

• Excellent written and verbal communication skills

Education & Preferred Qualifications

• Competent to Expert with a Bachelor’s degree, prefer finance, accounting, economics or business management  major 

• 2-4 years of related experience in transfer agency, private equity fund of funds or private equity fund accounting.

• Proficient in email management

• Strong problem solving and analytical skills 

• Strong communication, interpersonal, and organizational skills

• Ability to communicate with various internal teams to resolve inquiries and understanding when to escalate 

• Candidates must demonstrate initiative, be able to perform well under pressure, and simultaneously handle multiple assignments 

• Excellent administrative and organizational with the proven ability to multi-task and to work efficiently to meet client deliverables 

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

Salary Range:

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

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.

We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

As an Equal Opportunity Employer, we consider 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.

Discover more information on jobs at StateStreet.com/careers

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