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Alternative Ops Fund Accounting - Associate -

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State Street

4d ago

  • Job
    Full-time
    Junior & Mid Level
  • Accounting & Tax
    Banking & Finance
  • Chennai

AI generated summary

  • You need a Bachelor's in Accounting/Finance, 1-3 years in Private Equity/Hedge Fund/Public Accounting, strong communication skills, and excellent administrative and organizational abilities.
  • You will process financial data, prepare reconciliations and client correspondence, calculate waterfalls and capital allocations, and collaborate with onshore teams on special projects.

Requirements

  • Bachelor's degree in Accounting or Finance
  • At least 1 to 3 years of Private Equity or Hedge Fund accounting or Public Accounting experience
  • Experience leading verbal and written communications at senior levels with internal and external clients
  • Excellent administrative and organizational skills with demonstrated ability to multi-task and to work efficiently to meet client deliverables.

Responsibilities

  • Process data presented in General Partner's Financial Reports which includes Statement of Assets and Liabilities, Statement of operations, Statement of Changes in Equity, Statement of Cash Flows, Schedule of Investments for Private Equity and Hedge Funds.
  • Review and/or prepare various reconciliations as required
  • Prepare various client correspondences
  • Actively work with onshore centres to ensure all queries are addressed in a timely manner
  • Calculating waterfalls and capital account allocations
  • Special projects as requested

FAQs

What is the primary role of the Alternative Ops Fund Accounting - Associate?

The primary role involves the preparation, analysis, and reporting of investment and fund performance data for global real estate funds and affiliated entities.

What experience is required for this position?

Candidates should have at least 1 to 3 years of Private Equity or Hedge Fund accounting or Public Accounting experience.

Is a specific degree required for this role?

Yes, a Bachelor's degree in Accounting or Finance is required.

What kind of tasks will the Associate be responsible for?

The Associate will be responsible for processing financial reports, reviewing and preparing reconciliations, preparing client correspondences, calculating waterfalls and capital account allocations, and handling special projects as requested.

Are excellent organizational skills important for this position?

Yes, excellent administrative and organizational skills are crucial, along with the ability to multi-task and meet client deliverables efficiently.

Does State Street support diversity and inclusion in the workplace?

Yes, State Street places a strong emphasis on creating an inclusive environment and welcomes candidates from diverse backgrounds and experiences.

What benefits does State Street offer?

State Street offers competitive and comprehensive benefits packages, including medical care, insurance, savings plans, and access to flexible work programs.

Is experience in communication with clients important for this role?

Yes, experience in leading verbal and written communications with internal and external clients at senior levels is important.

What kind of projects might the Associate work on?

The Associate may work on special projects as requested by management, which can vary in scope and focus according to the needs of the business unit.

Does State Street provide educational support for employees?

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

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State Street

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.