Fund Accounting And Administration, AVP

State Street Global Advisors Clifton , NJ 07015

Posted 7 months ago

AIS Hybrid NAV, Assistant Vice President

State Street is an industry leader in providing administrative fund services to both Hedge Fund and Private Equity managers within our Alternative Investment Solutions business group. Our Hybrid Services team was organized to deliver customized service solutions for investment funds that have closed end structures and a diverse spectrum of portfolio investments. This opportunity uniquely offers candidates the opportunity to service hybrid hedge and private equity products for industry leading asset managers. The Hybrid NAV role is the hub in the delivery of administrative services. Employees interact daily with functional teams including; trade operations, investor services, custody, tax, and financial reporting locally and in globally diverse locations.

Role Description

  • Manage a growing team of financial services professionals in the production and delivery of accounting and administrative services for one or more alternative investment client relationships.

  • Primarily responsible for the allocation of income to investors, determination of management and incentive fees in accordance with the waterfall provisions, and processing capital events such as capital calls and distributions.

  • Responsible for the portfolio and fund level accounting for numerous funds including the review and approval of monthly or quarterly net asset value reporting.

  • Lead the onboarding of existing client funds and the launch of new funds.

  • Demonstrate an unrelenting commitment to client satisfaction.

  • Ensure adherence with internal policies and procedures and compliance with external governing regulations.

  • Design and champion technology solutions to address the complex reporting and data requirements of clients.

  • Proactively identify and participate in cross-sell opportunities.

  • Participate in strategic working groups within the organization to improve processes and our operating model.

  • Recruit, hire, train, motivate, and develop staff to realize their full potential.

  • Leverage our performance planning and review program to continuously set performance goals, evaluate progress, and deliver candid and constructive feedback.


  • Bachelor's degree in Accounting or Finance

  • At least 5 to 6 years of Private Experience

  • Experience with alternative investment asset classes, complex fund structures and fee calculations desired

  • Highly effective communication and management skills

  • Ability to thrive and function in a high pressure deadline driven environment

  • CPA qualification is favorable but not required

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