Hedge Fund Accounting and Administration, Senior Associate

Who we are looking forFund Administration, Senior Associates interact with all levels of professionals both internally and externally. Therefore, exceptional interpersonal and communication skills are required. Candidates must demonstrate initiative, be able to perform well under pressure and simultaneously handle multiple assignments. Fund Administration Senior Associates are responsible to direct the day-to-day accounting and administration for several client sponsored investment funds.Join us if making your mark in the financial services industry from day one is a challenge you are up for.What you will be responsible forAs a Fund Administration, Senior Associate you will:Validate and review all daily activity while maintaining all required controlsCalculate and process fund activities, e.g. support the production of NAV, SEC yields, distributions, corporate actions, etc. and prepare proofs as neededSupport the review and validation of data as needed, e.g. fund NAV, as well as distribute information to Shared Services and Client Operations teamsResearch and resolve exceptions and issuesReceive and resolve inquiries in a timely and accurate manner and communicate effectively with client when necessaryDefine and ensure successful completion of ad-hoc requestsEscalate unresolved issues to management as requiredReconcile and resolve discrepancies with other teams as neededEnsure appropriate records of daily and monthly activities are keptPerform daily or weekly reporting functions for the team’s activitiesEnsure adherence to Standard Operating ProceduresKeep up to date on broader internal/external business issues; apply knowledge across teamAssist management in the implementation of new policies and procedures, participate in projectsAssist with workflow management and technology enhancements, make suggestions to streamline operationsMaintain knowledge of current alternative procedures and processesSupport training of new hires as necessaryDuring 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 proceduresPerform duties of Associates and provide back-up management support if requiredPerform other duties as assignedWhat we value These skills will help you succeed in this roleExceptional interpersonal and communication skills are required. Candidates must demonstrate initiative, be able to perform well under pressure and simultaneously handle multiple assignments.Education & Preferred QualificationsBachelor’s degree in Accounting or FinanceMinimum 3 years of experience in the financial services industry preferably within a hedge fund accounting roleComplex allocation knowledge requiredAdvent Geneva experience requiredDemonstrate 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 requiredStrong interpersonal skills, highly effective communication and organization skillsAbility to thrive and function in a deadline driven environmentAbility to understand and troubleshoot complex fund accounting problems and use analytical skills to resolve issues in a timely mannerSalary Range: $52,000 - $94,120 AnnualThe range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.Employees are eligible to participate in State Street’s comprehensive benefits program, which includes: our 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); and, eligibility for certain tax advantaged savings plans.For a full overview, visit https://hrportal.ehr.com/statestreet/Home.About State StreetAcross the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.Discover more information on jobs at StateStreet.com/careersRead our CEO StatementJob Application Disclosure: It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.