State Street

Private Equity, Fund Accounting & Administration, Assistant Vice President

CLIFTON, NJPosted 20 days ago

Job summary

  • Job post source

    This job is directly from State Street

  • Job overview

    The Assistant Vice President in Private Equity, Fund Accounting & Administration at State Street plays a crucial role in managing a team that delivers accounting and administrative services for alternative investment clients.

  • Responsibilities and impact

    Responsibilities include managing a team, overseeing fund accounting, processing capital events, ensuring client satisfaction, and participating in strategic initiatives.

  • Compensation and benefits

    The salary range for this position is $90,000 - $153,750 annually, with competitive benefits including medical care, insurance, savings plans, and flexible work programs.

  • Experience and skills

    Candidates should have a Bachelor's degree in Accounting or Finance, 5-6 years of Private Equity experience, and strong communication and management skills; CPA qualification and experience with Investran or Geneva are preferred but not required.

  • Career development

    State Street offers numerous development programs and educational support to help employees reach their full potential.

  • Work environment and culture

    The company promotes a diverse and inclusive work environment, emphasizing community engagement and employee well-being.

  • Company information

    State Street is a leading custodian bank and asset manager with over 200 years of experience in investment servicing, data analytics, and investment management for institutional clients.

  • Team overview

    The specific team dynamics and size are not detailed, but the role involves managing a growing team of financial services professionals.

  • Job location and travel

    The primary location for this role is not specified, but the salary range applies to the primary location indicated in the job ID.

  • Application process

    Specific application instructions and deadlines are not provided in the description.

  • Unique job features

    The role offers unique opportunities to work with hybrid hedge and private equity products and to design technology solutions for complex reporting needs.

Company overview

State Street Corporation is a leading financial services and bank holding company headquartered in Boston, Massachusetts. Specializing in investment management, research, and trading, the company generates revenue through asset servicing, investment management, and advisory services. Founded in 1792, State Street has a rich history of innovation in financial services, including the development of the first U.S. mutual fund in 1924. Today, it is known for its robust technology platforms and global presence, managing over $4 trillion in assets.

How to land this job

  • Tailor your resume to emphasize your experience in fund accounting, particularly in alternative investments and private equity, as this is central to the AVP role at State Street.

  • Highlight your leadership skills and experience in managing teams, as the position requires overseeing a growing team of financial services professionals.

  • Showcase your familiarity with income allocation, management fees, capital events, and net asset value reporting, as these are key responsibilities of the role.

  • Demonstrate your problem-solving and critical thinking abilities, focusing on how you've successfully navigated high-pressure, deadline-driven environments in the past.

  • Apply through multiple channels, including State Street's corporate site and LinkedIn, to maximize your exposure to hiring managers.

  • Connect with professionals in the fund accounting division at State Street on LinkedIn to gain insights and express your interest in the role; potential ice breakers could include discussing recent industry trends or asking about their experiences at the company.

  • Optimize your resume for ATS by incorporating relevant keywords from the job description, such as 'fund accounting', 'private equity', and 'client satisfaction', to improve your chances of passing initial screenings.

  • Consider using Jennie Johnson's Power Apply feature to streamline your application process, ensuring your resume is tailored and effectively highlights your qualifications for the Assistant Vice President position.

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