Private Credit Fund Accounting and Administration, Assistant Vice President

Who We Are Looking For State Street is an industry leader in providing administrative fund services to both Hedge Fund and Private Market managers within our Alternative Investment Solutions business group. Our Private Credit team delivers customized service solutions for investment funds that have closed-end structures and a variety of portfolio investments. This opportunity uniquely offers candidates the chance to service hybrid hedge and private equity products for industry-leading asset managers. Why This Role Is Important to Us The team you will be joining is part of International Fund Services (IFS), acquired by State Street in July 2002. IFS, known as Alternative Investment Solutions, is a recognized industry-leading provider of fund accounting, fund administration and risk services to Hedge Funds and Private Market Funds. These services are fully integrated to provide complete end-to-end solutions that span the front-, middle- and back-office requirements of institutional investors. Join us if making your mark in the alternative investment industry from day one is a challenge you are up for. What You Will Be Responsible For Manage a growing team of financial services professionals in the production and delivery of accounting and administrative services for one or more alternative investment client relationships. Primarily responsible for the allocation of income to investors, determination of management and incentive fees in accordance with the waterfall provisions, and processing capital events such as capital calls and distributions. Responsible for the portfolio and fund-level accounting for numerous funds including the review and approval of monthly or quarterly net asset value reporting. Lead the onboarding of existing client funds and the launch of new funds. Demonstrate an unrelenting commitment to client satisfaction. Ensure adherence with internal policies and procedures and compliance with external governing regulations. Design and champion technology solutions to address the complex reporting and data requirements of clients. Proactively identify and participate in cross-sell opportunities. Participate in strategic working groups within the organization to improve processes and our operating model. Recruit, hire, train, motivate, and develop staff to realize their full potential. What We Value Strong critical thinking, problem solving, and decision‑making skills Good interpersonal skills Attention to detail Effective time management Education & Preferred Qualifications Bachelor’s degree in Accounting or Finance At least 5 to 6 years of Private Market experience Experience with alternative investment asset classes, complex fund structures and fee calculations desired Highly effective communication and management skills Ability to thrive and function in a high‑pressure deadline‑driven environment CPA qualification is favorable but not required Experience with Investran or Geneva favorable but not required Salary Range $90,000 - $157,500 Annual. The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ. EEO Statement As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law. Job Application Disclosure It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability. Job Information Job ID: R-781349 #J-18808-Ljbffr State Street