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PE Fund Accounting - Associate 2

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State Street

Nov 6, 2024

  • Job
    Full-time
    Junior & Mid Level
  • Accounting & Tax
    Banking & Finance
  • Hyderabad, +1
  • Quick Apply

AI generated summary

  • You need 1-3 years in Private Equity/Fund Accounting, solid interpersonal skills, knowledge of Private Equity, understanding of operations, and a B.Com/M.Com. Investran knowledge is a plus.
  • You will maintain general ledgers, prepare financial statements, perform variance analysis, manage capital calls, ensure compliance, and liaise with clients and auditors.

Requirements

  • Minimum of 1-3 years of related Private Equity and/or Fund Accounting experience.
  • Good interpersonal and organizational skills.
  • Private Equity knowledge.
  • Some understanding of operational functions within Private Equity and/or Fund Accounting.
  • Skill 1 – Must have Private Equity/Accounting Knowledge
  • Skill 2 – Investran Accounting (optional)
  • B.Com/M.com

Responsibilities

  • Adhere to State Street Alternative Investment Solutions (AIS) strict internal control procedures.
  • Ensure monthly and quarterly client deliverables are meet
  • Display ability to performance variance analysis to explain significant movements from quarter to quarter.
  • Maintaining the general ledger for various fund entities
  • Preparing supporting work papers for financial statements, portfolio schedules and capital account allocations
  • Preparing financial statements and footnote disclosures
  • Analytical review of monthly/quarterly investment and fund performance data
  • Reviewing and/or preparing of capital calls, distributions and bank reconciliations
  • Preparing management, annual and incentive fee calculations
  • Preparing various client correspondences
  • Calculating waterfalls and capital account allocations
  • Ensuring compliance with legal documents
  • Maintaining working relationship with all client contacts, auditors, tax, lawyers and banking personnel
  • Review limited partnership agreements and offering memorandums and ensure compliance with operational and accounting procedures
  • Coordination of annual audit and tax return preparation with external accounting firms

FAQs

What level of experience is required for this position?

A minimum of 1-3 years of related Private Equity and/or Fund Accounting experience is required for this position.

What skills are important for a candidate applying for this role?

Candidates should have good interpersonal and organizational skills, private equity knowledge, and some understanding of operational functions within Private Equity and/or Fund Accounting.

What educational background is preferred for this position?

A Bachelor's degree (B.Com/M.Com) is preferred for this position.

What responsibilities will I have as an Associate in Fund Accounting & Administration?

You will be responsible for maintaining the general ledger, preparing financial statements, conducting variance analysis, and ensuring compliance with legal documents, among other tasks.

What tools and systems should I be familiar with for this role?

Knowledge of Private Equity accounting and familiarity with Investran Accounting (optional) are preferred.

What type of work environment does State Street offer?

State Street offers a competitive and comprehensive benefits package and emphasizes creating a great work environment, including a flexible work program.

How does State Street approach diversity and inclusion?

State Street believes that diverse backgrounds and perspectives contribute to an inclusive environment and actively engages with communities while promoting diversity among employees.

Will I be working with external parties in this role?

Yes, you will maintain working relationships with client contacts, auditors, tax professionals, lawyers, and banking personnel.

How often are client deliverables due?

Monthly and quarterly client deliverables must be met as part of the role.

Is there an opportunity for professional development at State Street?

Yes, State Street offers a wealth of development programs and educational support to help employees reach their full potential.

We’re at the heart of financial services. And our clients are at the heart of everything we do.

Finance
Industry
10,001+
Employees
1792
Founded Year

Mission & Purpose

At State Street, we partner with institutional investors all over the world to provide comprehensive financial services, including investment management, investment research and trading, and investment servicing. Whether you are an asset manager, asset owner, alternative asset manager, insurance company, pension fund or official institution, you can rely on us to be focused on your challenges. We are committed to doing what it takes to help you perform better — now and in the future.