Alternative Fund Accounting, Associate 2
State Street
Boston, MA0–2 yrs58m agovia LinkedIn
About the Role
Fund accountants are primarily responsible for the timely and accurate execution and reporting of net asset valuations (NAVs) for clients’ accounts (funds).
Key Responsibilities
- Identify, analyze, and substantiate impacts to the NAV.
- Process and verify all subscription and redemption activity (for unitized products).
- Post and monitor expense accruals.
- Review security transactions and corporate actions.
- Monitor dividend and interest income and accruals.
- Perform mark-to-market calculations.
- Monitor securities pricing impacts.
- Disseminate price information.
- Generate various accounting-based reporting.
- Reconcile various accounts or review reconciliations prepared by others to ensure the integrity of the NAV.
- May be involved with income distributions.
- May help prepare financial statements.
- May audit funds.
Requirements & Tech Stack
None explicitly stated beyond the responsibilities and qualifications.
Qualifications
- Bachelor degree or above.
- Demonstrate ability to resolve issues and client queries independently.
- Communicate with other teams in English, both verbally and in writing.
- Act collaboratively in the team.