Fund Accounting, Associate 1

Who we are looking for:

This is the entry level position within the Private Equity Fund Administration Business Unit of the State Street Alternative Investment Services Group. Under direct supervision the Fund Administrator Associate 1 provides assistance with certain portions of the expense compliance and reporting functions to support the fund administration role. Fund Administrators interact with all levels of internal personnel but will have no contact with external clients or client contacts. Fund Administrators handle the day-to-day administration accounting and accounting related processes for one or more client sponsored investment funds.

Why this role is important to us:

The team you will be joining is a part of International Fund Services (IFS), acquired by State Street in July 2002. IFS, also known as Alternative Investment Solutions is a recognized industry-leading provider of fund accounting, fund administration and risk services to hedge funds and private equity funds. These services are fully integrated to provide complete end-to-end solutions that span the front-, middle- and back-office requirements of institutional investors.

Join us if making your mark in the alternative investment industry from day one is a challenge you are up for.

What you will be responsible for:

As Fund Accountant Associate 1 you will:

• Compilation maintenance and reconciliation of fund and investor static data
• Performing regulatory checks on investors
• Preparation of periodic cash or other bank reconciliations for all fund entities
• Accounts payable distribution and investment funding processing
• Reconciliation and preparation of capital call details
• Preparation and input of general ledger journal entries
• Preparation of quarterly and annual financial reporting work paper packages including portfolio investment schedules and accrual work papers
• Preparation of work papers in support of annual tax filings
• Maintaining electronic and hard copy client files on a daily basis and archiving as necessary
• 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:

This position is a unique opportunity for a suitable candidate to gain exposure to large multi-class, multi-manager, multi-currency portfolios that invest in a variety of instruments including derivatives and as a result, the pricing of these positions, reconciliations, corporate actions and dividends.

Education & Preferred Qualifications:

• Degree in Accounting, Finance or Economics related field; accounting background is preferred;
• With related work experiences is preferred;
• Familiar with accounting system is preferred;
• Detail-oriented, strong learning ability, sense of responsibility and team work are required;
• Strong time management skills with the ability to priorities under pressure; adapt to work under given timeline; confident to work in English environment;
• Good communication skill with team members and home site.

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