Financial Reporting, Senior Associate

Job summary

The specialist is responsible for preparing and reviewing complex interim and annual financial statements for alternative investment funds in accordance with GAAP. They also participate in audits, manage financial statement templates, and provide regulatory updates to clients.

Job details

Who we are looking for The CAI Financial Reporting Specialist is responsible for preparing and analyzing/reviewing more complex interim and annual financial statements in accordance with relevant GAAP requirements for alternative investments (hedge, private equity, exchange and real estate) funds. Why this role is important to us The team you will be joining is a part of State Street Global Services (SSGS). SSGS gives asset owners and managers access to the essential financial tools they need to deliver effective investment solutions. From core custody, accounting, fund administration and shareholder recordkeeping, to complete operations solutions and servicing for alternative assets like OTC derivatives, private equity and real estate, SSGS’ tools help our clients make better investment choices and act on growth opportunities. Join us if making your mark in the financial services industry from day one is a challenge you are up for. What you will be responsible for Preparation and review of monthly, quarterly, semi-annual and annual reporting requirements for a variety of Fund structures Participation in external and internal audits Participation in the identification, design and implementation of process improvement opportunities. Manage the process of updating and maintaining the Excel based financial statement templates and database information related to client specific reporting. Review industry regulatory changes and accounting updates on a regular basis so that client financial reporting needs are current with industry standards. Communicate regularly with clients as required, and to provide financial reporting, tax, audit information and industry/regulatory updates to clients. What we value These skills will help you succeed in this role Superior attention to detail, excellent time management and organizational skills Ability to work independently, meet deadlines and work well under pressure Education & Preferred Qualifications University degree in finance, accounting, Economics or other with relevant experience is preferred. Demonstrated track record of managing client relationships with fund companies. Flexible & positive attitude. Good organizational skills, administration and time management skills Good PC knowledge - hardware & software (specifically MS Office). Excellent communication and interpersonal skills. About State Street What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients. Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You’ll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential. Inclusion, Diversity and Social Responsibility. We truly believe our employees’ diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you. State Street is an equal opportunity and affirmative action employer. Discover more at StateStreet.com/careers Salary Range: $51,000 - $84,000 Annual The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ. 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

What you’ll do

The specialist is responsible for preparing and reviewing complex interim and annual financial statements for alternative investment funds in accordance with GAAP. They also participate in audits, manage financial statement templates, and provide regulatory updates to clients.

Requirements

A university degree in finance, accounting, or economics is preferred along with relevant experience in fund administration. Candidates should possess strong organizational skills, proficiency in MS Office, and a demonstrated track record of managing client relationships.

Benefits

• Medical care
• Insurance
• Savings plans
• Flexible work programs
• Development programs
• Educational support
• Paid volunteer days
• Matching gift programs

Listed skills

• Time management · Preferred
• Regulatory Compliance · Preferred
• Financial Reporting · Preferred
• interpersonal skills · Preferred
• Attention to detail · Preferred
• Data analysis · Preferred
• Microsoft Excel · Preferred
• Communication Skills · Preferred
• Client Relationship Management · Preferred
• Process Improvement · Preferred

Other relevant skills

Identified from the job description. Confirm important requirements above.

• Financial reporting
• Fund accounting
• GAAP
• Alternative investments
• Audit participation
• Process improvement
• Excel
• Client relationship management
• Regulatory compliance
• Time management
• Attention to detail
• Communication skills
• Interpersonal skills
• Data analysis
• OTC (Over-The-Counter) Derivatives
• Industry Standards
• Record Keeping
• Organizational Skills
• Ability To Meet Deadlines
• Positivity
• Microsoft Excel
• Accounting
• Alternative Investments
• Auditing
• Customer Relationship Management
• Investments
• Communication
• Economics
• Finance
• Securities Research
• Financial Services
• Financial Statements
• Fund Administration
• Investment Management
• Generally Accepted Accounting Principles
• Leadership
• Institutional Investing
• Interpersonal Communications
• Life Support
• Microsoft Office
• Operations
• Private Equity
• Product Innovation
• Real Estate
• Time Management
• Process Improvement
• Detail Oriented

Job areas

• Finance & Accounting
• Consulting
• Financial Reporting Associate
• Fund / Investment Accountant
• Accountants
• Accountants and Auditors

More jobs from State Street