Alternatives Financial Reporting, Associate 2

Who we are looking for

We are looking for an Associate 2 to report directly to Senior Associate/ Assistant Manager/ Manager. You will be responsible for preparing and analyzing interim and annual financial statements in accordance with relevant GAAP requirements for alternative investments (hedge, and private equity) funds.

Why this role is important to us

The team you will be joining is a part of Alternatives Financial Reporting, a function that is vital to the company as reporting to client and investors.

What you will be responsible for

As an Associate 2, you will:

Set up and maintain reporting binders for each fund during a reporting cycle.  Ensure all documentation used to calculate and support all financial statement disclosures is received and is accurate.   Research and resolve all issues as applicable. Prepare periodic financial statements:

• Perform planning procedures in order to identify any issues prior to the reporting cycle commencing and work with applicable parties to resolve.
• Coordinate the receipt of reports, extracts and other information from internal and external parties.
• Perform a detailed review of the general ledger balances, identifying issues and initiating the resolution of those issues with applicable parties.
• Ensure the accuracy and reasonability of amounts disclosed in the financial statements.
• Draft financial statements disclosures based Investment Company U.S.GAAP requirements.
• Follow all procedures regarding financial statements preparation and sign off on all required checklists.
• Recommend and implement enhancements to procedures based on knowledge and experience obtained during preparation process.
• Strictly adhere to production calendars and internal deadlines to ensure that deadlines are met and assignments are completed in a timely manner.

Coordinate distribution of financial statements:

• Assemble financial statements draft, all supporting documentation and calculations

Coordinate the receipt of comments on financial statements drafts from external (and internal) parties. Ensure the timely research, resolution and processing of comments. Test new Financial Reporting applications and financial statement templates.  Identify and resolve issues as they arise.  Suggest process improvements (enhanced automation, etc.)

What we value

These skills will help you succeed in this role

• Strong accounting skills. Should be able to understand and explain debit and credit appropriately.
• Strong computer skills – advanced knowledge of Microsoft office.
• Strong analytical skills.
• Strong verbal and written communication skills.
• Strong time / project management skills (ability to meet deadlines and complete assigned tasks in a timely manner.)
• Attention to detail.
• Candidate must be detail oriented, have the ability to work in a deadline-oriented group with peak period workflow.

Education & Preferred Qualifications

Bachelor’s degree in business, Finance, Accounting or related field plus 1- 2 years related experience. People pursuing or has cleared CMA, ACCA etc. have advantage.

Additional requirements

Prior Fund Accounting and/or Financial Reporting experience have added advantage. Overtime may be required. Any course done on IFRS/ UA GAAP focused on investment company. Also, strong knowledge in accounting of derivatives is also advantage.

In experience of working/ proficiency in FundSuite Arc may help.  

Work Requirement

• Candidate required to work for 4 days in office.
• Usually work at 12-9 shift but may require to work overtime depending on business exigencies.

About State Street

Across the globe, institutional investors rely on us to help them manage KPI 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 U.S. jobs at StateStreet.com/careers

Read our CEO Statement

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