State Street Corporation

Fund Accounting & Administration, Officer

State Street Corporation • $80K — $120K *
Princeton, NJ 08540In-Person
Finance & Insurance
5 - 7 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Bachelor's degree in Accounting or Finance
  • Minimum 5 years in financial services, ideally hedge fund accounting, with 1-2 years in a supervisory role
  • Understanding of fund-level profit and loss characteristics
  • Proficiency in Microsoft Outlook & Excel
  • Strong interpersonal, communication, and organizational skills
  • Ability to thrive in a deadline-driven environment
  • Analytical skills for troubleshooting complex fund accounting issues

Responsibilities

  • Supervise subordinate staff including Associates and Senior Associates
  • Manage day-to-day accounting and administrative services for client relationships
  • Review fund-level accounting across various asset classes
  • Ensure compliance with limited partnership agreements and operational procedures
  • Oversee the preparation and execution of net asset value reporting
  • Address client queries promptly and accurately
  • Support onboarding of client funds and new fund launches
  • Coordinate external audit requests and compliance reporting
  • Participate in talent management and performance planning processes
  • Contribute to process improvement initiatives

Benefits

  • 401K retirement savings plan with company match
  • Comprehensive insurance coverage including medical, dental, and vision
  • Paid time off including vacation and sick leave
  • Access to Employee Assistance Program
  • Eligibility for annual performance-based incentive compensation
  • Opt-in availability for tax-advantaged savings plans
Full Job Description
  • Hedge Fund Accounting Officer Main Responsibilities:
    • Supervision of all subordinate staff levels including Associate 1, Associate 2 and Senior Associates.
    • Manage the day to day delivery of accounting and administrative services for one or more client relationships by liaising with different functional teams spread across multiple global service locations
    • Supervise and review the portfolio and fund level accounting for numerous funds. Asset classes can include; equities, fixed income, derivatives, and private investments.
    • Review limited partnership agreements and offering memorandums and ensure compliance with operational and accounting procedures.
    • Manage the planning, preparation, and execution of weekly and/or monthly net asset value reporting cycle in accordance with US GAAP.
    • Ensure all client queries and requests are attended to in a timely matter and delegated or escalated appropriately.
    • Demonstrate an unrelenting commitment to client satisfaction
    • Support the onboarding of existing client funds and the launch of new funds.
    • Ensure adherence with internal policies and procedures and compliance with external governing regulations.
    • Coordinate all external audit requests, and requirements from financial reporting, tax, compliance, risk and regulatory reporting as required.
    • Involved in all areas of talent management including; hiring, training, supervision, and delivery of performance reviews.
    • Meet all requirements for the performance planning process including goal setting, regular and immediate feedback and submission of formalized performance appraisals.
    • Contribute to working groups within the organization to improve our processes.
    • Participate in special client or internal projects as required.

Qualifications
  • Bachelor's degree in Accounting or Finance
  • Minimum 5 years of experience in the financial services industry preferably within a hedge fund accounting role, including 1-2 years of supervisory experience is required
  • Demonstrate and 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

CPA qualification is favorable but not required

Salary Range:

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.

For a full overview, visit https://hrportal.ehr.com/statestreet/Home.

About State Street Corporation

State Street Corporation Careers

Join the dynamic team at State Street Corporation, a leading financial services provider known for its commitment to innovation, leadership, and professional growth. As a global powerhouse in investment management and servicing, we offer unparalleled job opportunities that propel your career to new heights.

Work You’ll Do

At State Street Corporation, you’ll be part of a culture that values diversity, leadership, and continuous professional development. Engage in work that transforms the financial landscape and helps our clients achieve their investment goals. Our team at State Street is at the forefront of combining industry expertise with cutting-edge technology to deliver exceptional service and results.

Explore Our Job Opportunities

Whether you’re looking for an entry-level position or a senior role, State Street Corporation offers a range of career paths in areas such as asset management, data analytics, finance, and technology. Our hiring process is designed to identify and nurture talent, focusing on your skills and potential. Prepare your resume, ace the interview, and join a team that’s committed to your career growth.

Internship Programs

Kickstart your career with a State Street internship. Our programs provide hands-on experience, networking opportunities, and professional mentoring in a real-world setting. Interns at State Street gain valuable insights and skills that make them competitive candidates for full-time positions within our company.

Benefits and Growth

State Street Corporation is dedicated to the growth and well-being of our employees. We offer a comprehensive benefits package that supports both your professional and personal life. From advanced career training and leadership development programs to health and wellness benefits, we ensure that our team members have the resources they need to succeed.

Inclusive Culture and Diversity

We pride ourselves on fostering an inclusive environment where every employee can thrive. Diversity is not just embraced; it’s celebrated. At State Street, you’ll work alongside a diverse group of professionals who bring a wide range of perspectives and ideas to the table. Our diversity training programs are designed to enhance collaboration and innovation across our global team.

Stay Connected

Join Our Team Discover the career you’ve always wanted by exploring the job opportunities at State Street Corporation. We look for driven, curious, and innovative team players who are ready to make an impact. Search State Street jobs now and find the position that best matches your skills and interests. Keep Up to Date Stay informed with career tips, insider perspectives, and industry-leading insights you can use today—all from the people who work here. Our careers blog provides you with the latest trends, tools, and advice to keep you ahead in your professional journey.

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Personalize your subscription to receive job alerts, latest news, and insider tips tailored to your preferences. Discover the exciting and rewarding opportunities that await at State Street Corporation, where your career development is our priority. Join State Street Corporation and be part of a team that values innovation, leadership, and a commitment to excellence. Your future in the financial services industry starts here.
Learn more about State Street Corporation
Size
39,335 employees
Market Cap
$28.4 billion
Industry
Finance & Insurance
Net Income
$2.4 billion
Founded
1792
5 Year Trend
-4.9%
NASDAQ
STT
* Ladders Estimates

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