Fund Accounting & Administration, Sr Associate
Posted on: 2 Jul 2021
Boston, MA
Job Description
Responsibilities
Review and/or prepare daily position and cash reconciliations.
Research and resolve discrepancies.
Review and process general ledger journal entries.
Review capital calls and distribution allocation schedules in accordance with fund documents.
Maintain general ledger, including preparation and update of system generated reports and statements.
Review financial work papers including, but not limited to, portfolio schedules, accrual work papers and partners’ capital allocations and capital statements.
During the course of normal day to day operations, responsible for identifying any unusual or potentially suspicious transaction activity and must report and/or escalate in accordance with corporate policy and guidelines detailed in relevant operating procedures.
Interacts with internal and external auditors providing requested information to specific inquiries as needed.
Prepare, process and monitoring USD and non-USD cash movement to ensure proper and timely settlement.
Maintain electronic and hard copy client files on a daily basis and archiving as necessary.
Prepare various client correspondence and related ad hoc correspondence.
Assist in training fund accountants.
Participate in special client or internal projects as required.
Qualifications
Candidates must have a college degree in business, mathematics, finance or economics preferred, accounting concentration is a plus
3-5 years of previous financial services experience
Advanced MS Excel skills
Experience with Investran is desirable, but not required
Specific experience in the Private Equity industry is a plus
State Street
Boston, MA
State Street Corporation, through its subsidiaries, provides a range of financial products and services to institutional investors worldwide. It offers investment servicing products and services, including custody; product and participant level accounting; daily pricing and administration; master trust and master custody; depotbank services; record-keeping; cash management; foreign exchange, brokerage, and other trading services; securities finance; deposit and short-term investment facilities; loans and lease financing; investment manager and alternative investment manager operations outsourcing; performance, risk, and compliance analytics; and financial data management to support institutional investors.
The company also provides investment management strategies and products, such as core and enhanced indexing, multi-asset strategies, active quantitative and fundamental active capabilities, and alternative investment strategies. In addition, it offers services and solutions, including environmental, social, and governance investing; defined benefit and defined contribution; and outsourced chief investment officer. The company provides its products and services to mutual funds, collective investment funds and other investment pools, corporate and public retirement plans, insurance companies, foundations, endowments, and investment managers. State Street Corporation was founded in 1792 and is headquartered in Boston, Massachusetts.
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IndustryBanking/Financial Services
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No. of Employees39,969
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Jobs Posted443
