Fund Accounting & Administration, Senior Associate

Job Description

Who we are looking for

Fund Administration, Senior Associates interact with all levels of professionals both internally and externally. Therefore, exceptional interpersonal and communication skills are required. Candidates must demonstrate initiative, be able to perform well under pressure and simultaneously handle multiple assignments. Fund Administration Senior Associates are responsible to direct the day-to-day accounting and administration for several client sponsored investment funds.

Join us if making your mark in the financial services industry from day one is a challenge you are up for.

What you will be responsible for

As a Fund Administration, Senior Associate you will:

• Validate and review all daily activity while maintaining all required controls
• Calculate and process fund activities, e.g. support the production of NAV, SEC yields, distributions, corporate actions, etc. and prepare proofs as needed
• Support the review and validation of data as needed, e.g. fund NAV, as well as distribute information to Shared Services and Client Operations teams
• Research and resolve exceptions and issues
• Receive and resolve inquiries in a timely and accurate manner and communicate effectively with client when necessary
• Define and ensure successful completion of ad-hoc requests
• Escalate unresolved issues to management as required
• Reconcile and resolve discrepancies with other teams as needed
• Ensure appropriate records of daily and monthly activities are kept
• Perform daily or weekly reporting functions for the team's activities
• Ensure adherence to Standard Operating Procedures
• Keep up to date on broader internal/external business issues; apply knowledge across team
• Assist management in the implementation of new policies and procedures, participate in projects
• Assist with workflow management and technology enhancements, make suggestions to streamline operations
• Maintain knowledge of current alternative procedures and processes
• Support training of new hires as necessary
• 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
• Perform duties of Associates and provide back-up management support if required
• Perform other duties as assigned

What we value

These skills will help you succeed in this role

• Exceptional interpersonal and communication skills are required.
• Candidates must demonstrate initiative, be able to perform well under pressure and simultaneously handle multiple assignments.

Education & Preferred Qualifications

• Bachelor's degree in Accounting or Finance
• Minimum 3 years of experience in the financial services industry preferably within a hedge fund accounting role
• Complex allocation knowledge required
• Advent Geneva experience required
• Demonstrate an understanding of fund level profit & loss characteristics and its implications on investor allocations for various complex fund structures.
• Proficiency in Microsoft Outlook & Excel in required
• Strong interpersonal skills, highly effective communication and organization skills
• Ability to thrive and function in a deadline driven environment
• Ability to understand and troubleshoot complex fund accounting problems and use analytical skills to resolve issues in a timely manner

Salary Range:
$58,240 - $83,200 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.

Employees are eligible to participate in State Street's comprehensive benefits program, which includes: our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; paid-time off including vacation, sick leave, short term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax advantaged savings plans.

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About State Street

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.

We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you'll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

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.

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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.