State Street
Brossard, Québecjust now
Alternative Ops Fund Accounting, Associate 1
State Street is hiring an Alternative Ops Fund Accounting, Associate 1. Level rates it ; you can apply on State Street.
Level's read on this job
- Little AI ●○○○ is how Level rates this accountant role: aI is not part of the work.
- Tools and skills the posting cites include Microsoft Excel, Microsoft Office and fund accounting.
- Level classifies it as a junior role.
- Level lists 1,200+ other open roles at State Street.
- The role was posted in the last few days.
AI in this role
Process investment activity accounting entries and prepare NAV packages for alternative investment funds as an associate.
microsoft-excelmicrosoft-office
fund-accountingreconciliationsnav-preparationfinancial-statements
Who we are looking for:
Associate 1 Fund Accountant will be responsible for processing investment activity accounting entries, completing reconciliations, and preparing accurate and timely NAV packages and supporting schedules for alternative investment funds. This role requires adherence to strict deadlines, close attention to detail, and a strong commitment to quality and control.
Why this role is important to us:
The team you will be joining is part of Alternative Investment Solutions (AIS), a recognized provider of fund accounting and administration services to alternative investment clients. Our team provides end-to-end support for North American clients, with a focus on private equity, Fund of Fund and other complex investment structures. Our team supports key fund operations, including investment activity processing, valuation, NAV package production, and audit-related activities.
Join us if making your mark in the alternative investment industry from day one is a challenge you are up for.
What you will be responsible for:
As Associate 1 you will:
- Process investment activity accounting entries.
- Complete investment reconciliations and cash reconciliations.
- Investigate and resolve reconciliation breaks and other operational issues.
- Prepare NAV packages and support schedules accurately and timely.
- Execute key controls and promptly escalate identified issues.
- Demonstrate ownership of assigned funds and related processes.
- Participate in system testing, automation, and process improvement activities when assigned.
What we value:
- Basic understanding of accounting principles and fund structures.
- Basic knowledge of Microsoft Excel and Microsoft Office applications.
- Positive attitude, willingness to learn and openness to feedback.
Education & Preferred Qualifications:
- Bachelor's degree in business, accounting, or related field.
- 6 months to 1 year related experience in a fund accounting environment.
- Excellent attention to detail
- Strong numerical / analytical skills
- Excellent communication skills
- Organized and Deadline-driven
About State Street
Across 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/careers
Read our CEO Statement
How we rate this
Alternative Ops Fund Accounting, Associate 1 at State Street rates 0 out of 100 for how much of the daily work is AI. That makes it Little AI (AI Level 1 of 4). The level is about AI in the job, not seniority.
Classification
Little AI. AI is not part of the work.
- ●●●● Builds AI80 to 100
- ●●●○ Works on AI60 to 79
- ●●○○ Uses AI40 to 59
- ●○○○ Little AI0 to 39
Levels come from how often the tools, models and workflows of the role are named in the posting itself. Read the description and count the AI tools, models and workflows it names.
Prepare for this job
Built from this posting and from similar jobs on Level.
Skills and AI tools this role asks for
Fund AccountingReconciliationsNav PreparationFinancial StatementsMicrosoft ExcelMicrosoft Office
Also common in accountant jobs at this level
Pay
- Typical accountant job
- $110k
This posting doesn't list pay. Use the typical accountant figure when pay comes up. See accountant jobs
Questions you could be asked
- Tell me about a project where fund accounting was part of your work. What did you do?
- Tell me about a project where reconciliations was part of your work. What did you do?
- Tell me about a project where nav preparation was part of your work. What did you do?
- Tell me about a project where financial statements was part of your work. What did you do?
- Walk me through how you've used Microsoft Excel in your day-to-day work.
Adapt your resume
- List these exact terms on your resume: Fund Accounting, Reconciliations, Nav Preparation, Financial Statements, and Microsoft Excel. An applicant tracking system matches the wording, not the idea.
- Attach one line of real, concrete experience to at least one of them. A tool named with nothing behind it rarely survives a human read.
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