Senior Associate, Alternative Ops Fund Accounting

State Street

. Calculate and validate a daily and/or weekly and/or monthly Net Asset Value (NAV) for your assigned funds .

Posted 5/17/2026full-timeBangalore • 🇮🇳 IndiaSeniorWebsite

About the role

Key responsibilities & impact

Calculate and validate a daily and/or weekly and/or monthly Net Asset Value (NAV) for your assigned funds
Assist and train others in your team with their NAV calculation and problem resolution
Reconcile & review cash daily (no unresolved discrepancies)
Reconcile/review portfolio positions daily (including equities, bonds, swaps, options, foreign exchange, futures and other evolving derivative instruments)
Check if the accrual for income and expenses has been performed daily; validate PnL statement and position market values.
Post/review accounting entries to the general ledger.
Review and validate the partner/shareholder allocation calculations, including management and incentive fee calculations
Review NAV packs and sign off to client/stakeholders.
Manages the day-to-day activities and controls to ensure consistency of policies adherence to procedures.
Manages and facilitates timely resolution of issues.
Proposes and works to implement workflow changes and supporting technical solutions leading to improved productivity and profitability.
Keeps abreast of regulatory compliance and developments for the assigned area and apprises staff as necessary.
Identifies and analyzes operations risks related to current and potential business and recommends procedural changes and controls as needed
Creates and uses quality service measurement tools to ensure compliance with operational standards with SLAs and SOPs and create management reporting as needed
Coordinates and manages projects within the department and/or with BU Shared Services, COEs and Client Operations teams.
During the course of normal day-to-day operation, responsible for identifying any unusual or potentially suspicious transaction activity and reporting and/or escalating in accordance with corporate policy and guidelines detailed in relevant operating procedures.
Conducts periodic performance reviews; provides ongoing counsel, training, development and motivation of staff.
Participates in the hiring, salary, promotional and termination recommendation process.
Result-oriented with an ownership and accountability mindset
Drive pay for performance and culture of performance differentiation

Requirements

What you’ll need

Bachelor’s Degree in Commerce / Economics with a specialization in Business, Accounting, Finance or equivalent experience preferred
Highly proficient with Microsoft Office Products (Excel, Word)
Demonstrated managerial, leadership and decision-making abilities
Excellent communication, organization, interpersonal planning, and analytical skills
Ability to effectively bring individuals from multiple areas together to resolve identified issues.
Should have exposure to trading instruments like Equities, Options, Bonds, Futures, Spots and Forwards, Bank Debts and Credit Default Swaps (CDS)
Should have knowledge of Corporate Actions, Income & Expense accruals, SEC Yields, Distributions, NAV calculations etc.
Should have prior Hedge Fund accounting experience including General Ledger analysis and reconciliation

Benefits

Comp & perks

inclusive development opportunities
flexible work-life support
paid volunteer days
vibrant employee networks

ATS Keywords

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Applicant Tracking System Keywords

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Hard Skills & Tools

Net Asset Value (NAV) calculationreconciliationportfolio positions reviewaccrual for income and expensesPnL statement validationaccounting entries postingmanagement fee calculationsperformance measurement toolsHedge Fund accountingGeneral Ledger analysis

Soft Skills

managerial abilitiesleadershipdecision-makingcommunication skillsorganizational skillsinterpersonal skillsanalytical skillsproblem resolutionstaff training and developmentownership mindset