State Street · 3 days ago
Alternative Ops Fund Accounting, Associate 2
Quincy, MA
Full-time
Onsite
New Grad, Entry Level
$42K/yr - $67K/yrState Street is one of the largest custodian banks and asset managers in the world, offering a dynamic work environment. The role involves accounting for complex investment transactions and structures, with responsibilities including fund activity processing, reconciliations, and maintaining internal workflows.
BankingFinanceFinancial Services
Responsibilities
Complete the daily processing and monitoring of fund activities
Prepare capital call and distribution calculations; related notices to investors
Prepare/Review periodic bank and cash reconciliations and post journal entries
Prepare quarterly management fee calculations
Preparation of waterfall calculations and capital account allocations
Prepare fund trial balances and supporting workpapers
Assist the quarter-end book closing process
Assist in managing internal workflow to ensure internal processing and client deadlines are met
Work with other services departments to resolve errors/issues or to reconcile discrepancies'
Establish and maintain good working relationships with internal clients and colleague
Ensure all processes are in line with the SLA and escalate if necessary
Participate in special client or internal projects as required
Assist in new business setup and conversions
During the course of normal day to day operation, 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
Ensure standard procedures and controls are adhered to
Initiate, propose and implement improvements to enhance efficiencies and accuracy when see fit'
Liaise with investment managers, auditors and banks
Ongoing personal education and development by attendance of State Street training sessions
Qualification
Required
Must have a College diploma or university degree with concentration in Accounting, Finance or Economics
Excellent communication and interpersonal skills
Team player and collaborative
Strong attention to detail and accuracy and organized
Strong analytical skills and proactive approach to problem solving
Confident, decisive, and energetic
Strong work ethic – flexible, adaptable and ability to work within deadlines
Can-do attitude with high energy
Self-motivated with a passion for learning and growth
Preferred
Working knowledge of Microsoft Excel/Word (knowledge of Bloomberg a plus)
Overtime may be required
Benefits
Retirement savings plan (401K) with company match
Insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages
Paid-time off including vacation, sick leave, short term disability, and family care responsibilities
Access to our Employee Assistance Program
Incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans)
Eligibility for certain tax advantaged savings plans
Company
State Street
State Street offers a range of financial services, including investment management, research and trading, as well as asset management.
Founded in 1792
10001+ employees
Funding
Current Stage
Public CompanyTotal Funding
$12.05B2025-10-23Post Ipo Debt· $1B
2025-04-24Post Ipo Debt· $2B
2025-02-06Post Ipo Equity· $750M
Leadership Team
Ronald O'Hanley
Chairman and Chief Executive Officer
R
Renee LaRoche-Morris
Senior Vice President, Chief of Staff to the COO; Head of CAO Services
Recent News
2026-01-09
2026-01-09
Company data provided by crunchbase