AIS Fund Accounting

Job Description Looking forward to a Senior Associate for Alternative Investment Services with experience in Private Equity, Hedge Fund portfolio valuations. The incumbent would join a team of accountants responsible for Alternative Investment Administration Services. Primary Responsibilities & Skill Sets: Would be a part of the team for Alternatives Investment Services primarily responsible for end-to-end accounting and valuations of Private Equity & Hedge Funds for Limited Partners reporting into an Officer. Operational Skill sets - Should have an overall 4+ years of experience into Alternative ops. - Should work with relentless focus on meeting SLAs with regards to quality and timeliness for the assigned clients. - Should be a quick learner and act as an auditor for the processors tagged under him. - Should liaise with the reporting manager on continuous process improvements for his team. - Required to work closely with global teams in a large and complex organization. - Act as a point of contact for client issues, queries and escalations assigned to him. - Expected to participate and provide solutions on Client Calls along with other internal State Street teams like Client Services and Client Relationship. - Would be required to work during US hours. Functional Skill set: - Strong analytical skill with ability to manipulate large set of datarelated to fetching PCAP's, Notices, LOD's from GP / IM portals or track them through emails for hefty volumes. - Perform end-to-end accounting and valuations of Private Equity & Hedge Funds and sign-off daily / monthly valuations and NAVs for hedge and PE funds for LP clients. - Should have ability and knowledge to interpret the PCAP's, ILPA's, Notices & LOD's book capital activities / cash flows accordingly. - Track, review and get the cash breaks coded to his clients resolved by following up with relevant teams within 30 days of aging. - Should be able to review and validate all the executed controls related to his assigned funds/clients. - Should be able to identify and resolve the errors caught during reviews. - Should be able to coach his processors for any issues, errors identified during fund audits. - Should have good understanding of Alternative Investments like Hedge, Private Equities and other Alternative Investment products. - Should possess good understanding of accounting as per US GAAP or IFRS. - Should have a good knowledge and understanding of overall asset classes traded over exchange in primary & secondary markets and OTC. - Proficiency in Python tools and ability to manage and work with complex data sets. Risk Management: - Should execute and apply all the controls and provide a sign-off through established checklists for the clients assigned. - Should be able to assess issues and try to identify control gaps. - Should liaise and support his manager to evaluate and remediate Operational Incidents informed internally or externally. Educational Qualifications: - Bachelor's degree into Accounting or Financial Management. - Proficiency in Python tools. 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. Discover more information on jobs at Read our