Alternative Ops Fund Accounting, Associate 2

Key Responsibilities

• Complete daily processing and monitoring of fund activities.
• Prepare capital call and distribution calculations; related notices to investors.
• Prepare/Review periodic bank and cash reconciliations and post journal entries.
• Prepare quarterly management fee calculations.
• Preparation of waterfall calculations and capital account allocations.
• Prepare fund trial balances and supporting workpapers.
• Assist the quarter-end book closing process.
• Assist in managing internal workflow to ensure internal processing and client deadlines are met.
• Work with other services departments to resolve errors/issues or to reconcile discrepancies.
• Establish and maintain good working relationships with internal clients and colleagues.
• Ensure all processes are in line with the SLA and escalate if necessary.
• Participate in special client or internal projects as required.
• Assist in new business setup and conversions.
• Identify any unusual or potentially suspicious transaction activity and must report and/or escalate in accordance with corporate policy and guidelines.
• Ensure standard procedures and controls are adhered to.
• Initiate, propose, and implement improvements to enhance efficiencies and accuracy.
• Liaise with investment managers, auditors, and banks.
• Ongoing personal education and development by attendance of State Street training sessions.

Requirements & Tech Stack

• Working knowledge of Microsoft Excel/Word.
• Knowledge of Bloomberg is a plus.

Qualifications

• Must have a College diploma or university degree with a concentration in Accounting, Finance, or Economics.
• Excellent communication and interpersonal skills.
• Team player and collaborative.
• Strong attention to detail and accuracy and organized.
• Strong analytical skills and proactive approach to problem solving.
• Confident, decisive, and energetic.
• Strong work ethic – flexible, adaptable, and ability to work within deadlines.
• Can-do attitude with high energy.
• Self-motivated with a passion for learning and growth.

About State Street

State Street is one of the largest custodian banks, asset managers, and asset intelligence companies in the world. We provide investment servicing, data & analytics, investment research & trading, and investment management to institutional clients.