Who we are looking for
We are looking for a Vice President (VP) for our Private Markets to service clients for our division of Alterative Investment Solutions Group. They will partner with both clients and colleagues to establish the workflow and client deadlines while supervising staff members. They will be responsible for delivering reporting and day-to-day accounting and support for our clients.
Why this role is important to us
The team you will be joining is a part of International Fund Services (IFS), acquired by State Street in July 2002. IFS, also 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
As Real Assets Fund Accounting & Administration, VP you will be responsible for
Supervising all lower-level staff (including Associate 1, Associate 2, Senior Staff, Officer, and AVP).
Managing client relationships with both client personnel and fund investors.
Reviewing quarterly and annual financial work paper packages including portfolio schedules, accruals, and PCAP allocations.
Reviewing quarterly and annual financial statements and footnotes.
Review and/or preparation of annual tax work paper packages.
Review and/or preparation of capital calls and distributions, including notices and release merged documents.
Reviewing monthly bank reconciliations and post journal entries.
Reviewing quarterly management fee calculations.
Review and/or preparation of various client related correspondence.
Work with database team regarding client deliverables such as financial statements, capital calls and distribution notices.
Heavy client interaction daily.
Coordination of annual audit and tax return preparation with Big 4 accounting firms.
Review and/or preparation of waterfall and capital account allocations.
Understand how to navigate through limited partnership agreement.
Review and/or preparation of estimated tax workpapers.
Maintain working relationship with all client contacts, including investment professionals, investors, auditors, lawyers and banking personnel.
Ensure compliance with investment fund legal documents, i.e. partnership agreement.
Assist accounting managers to ensure compliance with investment fund agreements and other legal documents.
Special client projects.
Manage internal workflow and client deadlines.
While normal day to day operation, be 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.
What we value
Strong critical thinking, problem solving, and decision-making skills
Excellent administrative and organizational skills
Ability to multitask and work efficiently to meet client deliverables.
Education & Preferred Qualifications
Bachelor’s degree with accounting
8+ years of general ledger accounting or audit experience
6+ years of leadership experience
Previous Financial reporting experience
IRFS experience is required
Advanced Excel skills (advanced formulas, pivot tables, VLOOKUP).
Additional requirements
Real Estate, Fund, or Private Equity accounting experience
CPA or CPA Candidate
Exceptional interpersonal & communication skills
Experience with Investran, Great Plains and Oracle Financials preferred
The ideal candidate will be a well-organized detailed oriented, analytical individual with exceptional interpersonal and communication skills
Candidates must demonstrate the ability to simultaneously handle multiple assignments and pressure while working efficiently to meet client deliverables
About State Street
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