Alternative Ops Fund Accounting, Associate 2
State Street
This job at a glance
- Who can apply
- New grads and up to 2 years
- Must know
- AuditingExcel
- Nice to have
- Accounting
- Work
- On-site in Berwyn
- Pay
- Not stated by the employer.
- Skill demand
- Accounting91%Excel70%Auditing54%of 98 similar entry-level jobs posted in the US this week
- Listed
- Nov 4, 2026 · still open
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About the Role
This Associate 2 position is within the Private Equity Fund Services Business Unit of the State Street Alternative Investment Services (AIS) group, a recognized industry-leading provider of fund accounting, fund administration and risk services to hedge funds and private equity/credit funds. The position will interact directly with external clients as well as State Street onshore and offshore teams, providing complete end-to-end solutions for a major Private Equity/Credit Investment Fund. Join us if you are up to the challenge of administrating a mega fund and look to grow with the team.
Job Description
This position handles the day-to-day fund & partnership accounting and related administration. As an Associate 2, you will be responsible for the preparation, analysis and reporting of investment and fund performance data for a complex Private Equity/Credit Fund.
Key Responsibilities
- Review and/or prepare daily position and cash reconciliations, research and resolve discrepancies.
- Prepare and process journal entries, maintain general ledger.
- Prepare capital calls and distribution allocation schedules.
- Prepare financial work papers including portfolio schedules, partners’ capital allocations and capital statements.
- Prepare, process, and monitor USD and non-USD cash movement.
- Prepare various client correspondence and related ad hoc correspondence.
- Interact with internal and external auditors providing requested information to specific inquiries as needed.
- Participate in special client or internal projects.
Requirements & Tech Stack
- Degree in accounting or related field.
- Advanced MS Excel skills.
- Attention to detail.
- Time management.
- Experience with Investran a plus.
- Experience with investment/Portfolio accounting platforms a plus.
- Specific experience in the Private Equity industry preferred.
- Excellent administrative and organizational skills with demonstrated ability to multi-task and to work efficiently to meet client deliverables.