Alternative Ops Fund Accounting Officer

Responsibilities

• Review and sign off on NAV deliverables and reconciliations prepared by Senior Associates
• Act as an escalation point for operational, technical, and client-related issues
• Provide technical guidance on complex allocation mechanics, including distribution waterfalls, preferred returns, catch-ups, and carried interest
• Review and support capital account rebalances, true-ups, and post-event adjustments
• Train, coach, and develop staff, including onboarding and technical upskilling
• Ensure consistent adherence to controls, procedures, and service standards
• Support complex client discussions related to structures, allocations, and NAV outcomes
• Identify recurring issues and drive corrective actions with AVPs

Requirements

• 4–7 years of alternatives operations or similar experience
• Deep understanding of Private Markets fund structures, including LP/GP models, commitments, capital calls, and distributions
• Strong expertise in distribution waterfalls and carried interest mechanics
• Proven experience in training, coaching, and developing staff
• Degree in Accounting, Finance, or a related field

Preferred Qualifications

• Working knowledge of Geneva and/or Investran
• Deep understanding of the differences between Private Equity, Private Credit, and Real Estate

About the Company

State Street is a global leader in financial services, helping institutional investors manage risk, respond to challenges, and drive performance. We are committed to fostering an inclusive environment where employees are empowered to reach their full potential through development opportunities and vibrant employee networks.