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Private Equity Fund Accounting - Emerging Lead
State Street
Role Summary & Role Description
Minimum of 3-4 years of related Private Equity and/or Fund Accounting experience.
• Good interpersonal and organizational skills.
• E2E Private Equity knowledge.
• Some understanding of operational functions within Private Equity and/or Fund Accounting. PERSON SPECIFICATION
Adhere to State Street Alternative Investment Solutions (AIS) strict internal control procedures.
Ensure monthly and quarterly client deliverables are meet
Display ability to performance variance analysis to explain significant movements from quarter to quarter.
Maintaining the general ledger for various fund entities
Preparing supporting work papers for financial statements, portfolio schedules and capital account allocations
Preparing financial statements and footnote disclosures
Analytical review of monthly/quarterly investment and fund performance data
Reviewing and/or preparing of capital calls, distributions and bank reconciliations
Preparing management, annual and incentive fee calculations
Preparing various client correspondences
Calculating waterfalls and capital account allocations
Ensuring compliance with legal documents
Maintaining working relationship with all client contacts, auditors, tax, lawyers and banking personnel
Special projects as requested
Review limited partnership agreements and offering memorandums and ensure compliance with operational and accounting procedures
Coordination of annual audit and tax return preparation with external accounting firms
Core/Must have skills
Skill 1 – Must have Private Equity Knowledge
Skill 2 – Investran Accounting
Skill 3 - Proficient with Microsoft Office Products (Excel, Word)
Good to have skills
Skill 1 - E2E Private Equity knowledge
Skill 2 - Excellent communication, organization, interpersonal planning, and analytical skills
<Skill 3 - List down the skills in the order of priority>
Work Schedule
Hybrid (should be ready On-premise based on need)
Keywords (If any)
Private Equity, Carry calculation, Capital call /Distributio/Mgmt fee Calculations
Why this role is important to us
Our technology function, Global Technology Services (GTS), is vital to State Street and is the key enabler for our business to deliver data and insights to our clients. We’re driving the company’s digital transformation and expanding business capabilities using industry best practices and advanced technologies such as cloud, artificial intelligence and robotics process automation.
We offer a collaborative environment where technology skills and innovation are valued in a global organization. We’re looking for top technical talent to join our team and deliver creative technology solutions that help us become an end-to-end, next-generation financial services company.
Join us if you want to grow your technical skills, solve real problems and make your mark on our industry.
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.