State Street

Senior Associate, Alternative Ops Fund Accounting

State Street

full-time

Posted on:

Location Type: Office

Location: Quincy • California • Massachusetts • United States

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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 and report any unusual or potentially suspicious transaction activity in accordance with corporate policy and guidelines

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
  • 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 in 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
  • retirement savings plan (401K) with company match
  • insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages
  • paid-time off including vacation, sick leave, short term disability, and family care responsibilities
  • access to our Employee Assistance Program
  • incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans)
  • 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 & Tools
fund accountingNAV calculationfinancial reportingdata validationreconciliationexception resolutionanalytical skillsproblem solvingworkflow managementpolicy implementation
Soft Skills
interpersonal skillscommunication skillsorganizational skillsdeadline managementtrainingteam collaborationadaptabilityattention to detailclient communicationissue escalation