Fund Accounting & Administration, Assistant Vice President

About the role

State Street is looking for a Fund Accounting & Administration Assistant Vice President in its Private Equity Fund Services Business Unit, reporting directly to the Fund Accounting & Administration Vice President. The role manages client relationships and directs the overall accounting and administration for several client-sponsored funds. It sits within Alternatives Fund Accounting, which provides fund accounting, fund administration and risk services to hedge funds and private equity funds.

Key responsibilities

• Manage day-to-day communications with clients' investment professionals, investors, attorneys, auditors, bankers and others.
• Review investment fund legal documents, including partnership allocations and distribution waterfalls.
• Oversee NAV, review accounting and tax work papers, NAV packs, financial statements and reports for one or more clients.
• Coordinate annual audits and tax returns with Big 4 firms, including fee negotiation or review.
• Supervise subordinate staff and coordinate portfolio valuation discussions with clients.
• Develop and implement training for accounting staff and management, and liaise with investor communications, financial reporting and tax groups.
• Help develop accounting policies and procedures, and review and approve transactions in line with guidelines.
• Ensure client deadlines are met and regulatory filings (RCS, BCL, CSSF) are completed.
• Assist with GAAP and other technical accounting pronouncements, manage special client and corporate projects, and represent State Street at client meetings and industry events.
• Take part in performance planning, including goal setting, feedback and formal appraisals.

Required profile

• College degree (accounting strongly preferred; business, mathematics, finance or economics required).
• At least 10 years of experience in the financial sector, preferably in Luxembourg private markets.
• Substantially completed postgraduate qualification in accounting or advanced in a process.
• Previous fund accounting experience, including managerial experience, and auditing experience or direct entry from business.

Required skills

• Experience with fund accounting systems such as Investran or Geneva.
• Knowledge of regulatory reporting and filing (RCS, BCL, CSSF).
• Working knowledge of MS Office (Word, Excel, PowerPoint).
• Experience with different GAAP standards (Luxembourg GAAP, IFRS, US GAAP).
• Strong communication, organisation and planning skills, accuracy under tight deadlines, and ability to work independently and in a team.