Alternative Ops Fund Accounting, Officer
State Street
Alternative Ops Fund Accounting, Officer
Job Description
The Officer role combines delivery oversight with people development responsibility and deep product expertise across Alternatives NAV operations. Officers are accountable for review quality, product correctness, and team capability, ensuring NAV outputs align with complex fund structures and accounting standards.Key ResponsibilitiesReview and sign off on NAV deliverables and reconciliations prepared by Senior AssociatesAct as escalation point for operational, technical, and client‑related issuesApply deep product and structural knowledge to challenge accounting treatments and assumptionsProvide technical guidance on complex allocation mechanics, including distribution waterfalls, preferred returns, catch‑ups, and carried interestReview and support capital account rebalances, true‑ups, and post‑event adjustmentsTrain, coach, and develop staff, including onboarding and technical upskillingEnsure consistent adherence to controls, procedures, and service standardsSupport complex client discussions related to structures, allocations, and NAV outcomesIdentify recurring issues and drive corrective actions with AVPsContribute to standardization and continuous improvement initiativesQualifications4–7 years of alternatives operations or similar experienceProven review and sign‑off capability with strong judgment on issue escalationDeep understanding of Private Markets fund structures, including LP/GP models, commitments, capital calls, distributions, and lifecycle eventsDeep understanding of differences between Private Equity, Private Credit, and Real EstateStrong expertise in distribution waterfalls and carried interest mechanicsExperience reviewing capital account rebalances and investor‑level true‑upsRequired experience in training, coaching, and developing staffPreferred experience and working knowledge of Geneva and/or InvestranDegree in Accounting, Finance, or a related fieldAbout 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 Statement
Locations
- Manila, Philippines
Skills Required
- distribution waterfallsintermediate
- trainingintermediate
- Geneva and/or Investranintermediate
Required Qualifications
- 4–7 years of alternatives operations or similar experience (experience, 7 years)
- Proven review and sign‑off capability with strong judgment on issue escalation (experience)
- Deep understanding of Private Markets fund structures, including LP/GP models, commitments, capital calls, distributions, and lifecycle events (experience)
- Deep understanding of differences between Private Equity, Private Credit, and Real Estate (experience)
- Strong expertise in distribution waterfalls and carried interest mechanics (experience)
- Experience reviewing capital account rebalances and investor‑level true‑ups (experience)
- Required experience in training, coaching, and developing staff (experience)
- Preferred experience and working knowledge of Geneva and/or Investran (experience)
- Degree in Accounting, Finance, or a related field (degree in accounting)
- 4–7 years of alternatives operations or similar experience (experience, 7 years)
- Proven review and sign‑off capability with strong judgment on issue escalation (experience)
- Deep understanding of Private Markets fund structures, including LP/GP models, commitments, capital calls, distributions, and lifecycle events (experience)
- Deep understanding of differences between Private Equity, Private Credit, and Real Estate (experience)
- Strong expertise in distribution waterfalls and carried interest mechanics (experience)
- Experience reviewing capital account rebalances and investor‑level true‑ups (experience)
- Required experience in training, coaching, and developing staff (experience)
- Preferred experience and working knowledge of Geneva and/or Investran (experience)
- Degree in Accounting, Finance, or a related field (degree in accounting)
Responsibilities
- Review and sign off on NAV deliverables and reconciliations prepared by Senior Associates
- Act as escalation point for operational, technical, and client‑related issues
- Apply deep product and structural knowledge to challenge accounting treatments and assumptions
- 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
- Contribute to standardization and continuous improvement initiatives
- Review and sign off on NAV deliverables and reconciliations prepared by Senior Associates
- Act as escalation point for operational, technical, and client‑related issues
- Apply deep product and structural knowledge to challenge accounting treatments and assumptions
- 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
- Contribute to standardization and continuous improvement initiatives
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