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State Street · 1 day ago

Hedge Fund Accounting & Administration, Senior Associate

Quincy, MA

Full-time

Onsite

Mid, Senior Level

$52K/yr - $94K/yr

3+ years exp

State Street is a global leader in financial services that helps institutional investors manage risk and drive performance. The Fund Administration, Senior Associate role involves overseeing the day-to-day accounting and administration for client-sponsored investment funds, ensuring compliance and accuracy in fund activities, and supporting various operational functions.

BankingFinanceFinancial Services

Responsibilities

Validate and review all daily activity while maintaining all required controls

Calculate and process fund activities, e.g. support the production of NAV, SEC yields, distributions, corporate actions, etc. and prepare proofs as needed

Support the review and validation of data as needed, e.g. fund NAV, as well as distribute information to Shared Services and Client Operations teams

Research and resolve exceptions and issues

Receive and resolve inquiries in a timely and accurate manner and communicate effectively with client when necessary

Define and ensure successful completion of ad-hoc requests

Escalate unresolved issues to management as required

Reconcile and resolve discrepancies with other teams as needed

Ensure appropriate records of daily and monthly activities are kept

Perform daily or weekly reporting functions for the team’s activities

Ensure adherence to Standard Operating Procedures

Keep up to date on broader internal/external business issues; apply knowledge across team

Assist management in the implementation of new policies and procedures, participate in projects

Assist with workflow management and technology enhancements, make suggestions to streamline operations

Maintain knowledge of current alternative procedures and processes

Support training of new hires as necessary

During the course of normal day to day operations, 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

Perform duties of Associates and provide back-up management support if required

Perform other duties as assigned

Qualification

Hedge fund accountingFinancial services experienceMicrosoft ExcelAnalytical skillsInterpersonal skillsCommunication skillsOrganizational skillsInitiativeWork under pressure

Required

Exceptional interpersonal and communication skills are required

Candidates must demonstrate initiative, be able to perform well under pressure and simultaneously handle multiple assignments

Preferred

Bachelor's degree in Accounting or Finance

Minimum 3 years of experience in the financial services industry preferably within a hedge fund accounting role

Demonstrate an understanding of fund level profit & loss characteristics and its implications on investor allocations for various complex fund structures

Proficiency in Microsoft Outlook & Excel in required

Strong interpersonal skills, highly effective communication and organization skills

Ability to thrive and function in a deadline driven environment

Ability to understand and troubleshoot complex fund accounting problems and use analytical skills to resolve issues in a timely manner