State Street

Senior Associate – Hedge Fund Accounting and Administration

State Street

full-time

Posted on:

Location Type: Office

Location: Princeton • New Jersey • 🇺🇸 United States

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Salary

💰 $52,000 - $94,120 per year

Job Level

Senior

About the role

  • Validate and review all daily activity while maintaining all required controls
  • Calculate and process fund activities, e.g. support the production of NAV, SEC yields, distributions, corporate actions, etc. and prepare proofs as needed
  • Support the review and validation of data as needed, e.g. fund NAV, as well as distribute information to Shared Services and Client Operations teams
  • Research and resolve exceptions and issues
  • Receive and resolve inquiries in a timely and accurate manner and communicate effectively with client when necessary
  • Define and ensure successful completion of ad-hoc requests
  • Escalate unresolved issues to management as required
  • Reconcile and resolve discrepancies with other teams as needed
  • Ensure appropriate records of daily and monthly activities are kept
  • Perform daily or weekly reporting functions for the team’s activities
  • Ensure adherence to Standard Operating Procedures
  • Keep up to date on broader internal/external business issues; apply knowledge across team
  • Assist management in the implementation of new policies and procedures, participate in projects
  • Assist with workflow management and technology enhancements, make suggestions to streamline operations
  • Maintain knowledge of current alternative procedures and processes
  • Support training of new hires as necessary
  • Identify any unusual or potentially suspicious transaction activity and report and/or escalate in accordance with corporate policy

Requirements

  • Bachelor’s degree in Accounting or Finance
  • Minimum 3 years of experience in the financial services industry preferably within a hedge fund accounting role
  • Complex allocation knowledge required
  • Advent Geneva experience required
  • Demonstrate an understanding of fund level profit & loss characteristics and its implications on investor allocations for various complex fund structures
  • Proficiency in Microsoft Outlook & Excel required
  • Strong interpersonal skills, highly effective communication and organization skills
  • Ability to thrive and function in a deadline driven environment
  • Ability to understand and troubleshoot complex fund accounting problems and use analytical skills to resolve issues in a timely manner
Benefits
  • Health insurance
  • Retirement savings plan (401K) with company match
  • Insurance coverage including basic life, medical, dental, vision, long-term disability
  • Paid-time off including vacation, sick leave, short term disability, and family care responsibilities
  • Access to Employee Assistance Program
  • Incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles)
  • Eligibility for certain tax advantaged savings plans

Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard skills
fund accountingNAV calculationdata validationreconciliationreportingcomplex allocationanalytical skillsproblem solving
Soft skills
interpersonal skillscommunication skillsorganizational skillsdeadline management
Certifications
Bachelor's degree in AccountingBachelor's degree in Finance