AIS Fund Accounting, Officer

State Street · Luxembourg

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Who we are looking for

A Fund Accounting Officer reporting directly to Vice President. You will assume a pivotal role in directing and supervising fund accounting and administration for alternative investment clients, encompassing alternative funds and private markets structures. The position is accountable for ensuring precision and timeliness in client deliverables, adherence to internal control frameworks, and fostering strong client relationships.

Why this role is important to us

The team you will be joining is a part of the Alternative Investment Solutions (AIS) department, part of State Street, a function that is vital to the company as the leading financial services provider in Luxembourg. AIS is recognised as an industry leader in delivering fund accounting, administration, and risk services to hedge funds, real assets and private markets clients. These offerings provide fully integrated solutions that support the entire investment lifecycle, encompassing front-, middle-, and back-office requirements for institutional investors.

What you will be responsible for

As Fund Accounting Officer you will:

• Oversee, monitor, and review client deliverables to ensure quality standards are consistently maintained. Plan and manage the daily processes and the effective utilization of resources with the support of the AVP.
• Conduct a comprehensive review of work completed by oversight teams or execute the task directly when required.
• Lead and manage all aspects of fund operations for your assigned entities—from capital call preparation and review through bookkeeping checks, NAV pack verifications, investor reporting, and audit coordination.
• Identify and resolve issues in service delivery, implement corrective actions as needed, and ensure Key Performance Indicators are prepared and distributed on time.
• Review corporate documentation on processes, procedures and controls to determine their ongoing effectiveness, and implement corrective measures where required.
• Track and log errors, complaints, and possible breaches promptly in the Errors Log to maintain compliance and service quality.
• Manage absences, timekeeping and holiday/cover arrangements within the teams.
• Ensure contingency plans are in place for the team’s activities and, where appropriate, contribute to the development and testing of business continuity plans.
• Participate in the development, testing and implementation of new systems and applications.
• Build and maintain strong working relationships with clients, third parties, and colleagues, ensuring effective communication through formal reports and ad hoc interactions.
• Assume responsibility for the implementation of client specific Fund Accounting projects (new business development review, planning & roll out).
• Contribute as special matter expert for special events (fund launches/liquidations, mergers, RIK, distribution and performance fee resets).
• Interact with all parties involved in the production of the NAVs to ensure that all deliverables are produced and dispatched on time in accordance with client service level agreements/operational level agreements.
• Prepare of scheduled and ad-hoc investment performance and analytical reporting / review general ledger journal entries.
• Ensure Vice President Assistant Vice President & CRM are adequately updated on a regular basis regarding all aspects of your client/s account, highlighting all potential risks with possible solutions in a timely manner.

What we value

These skills will help you succeed in this role

• Strong numerical, analytical, and problem-solving abilities, attention to detail
• Excellent verbal and written communication skills
• Self-motivated and goal-oriented mindset, willingness to learn
• Ability to perform under pressure and meet tight deadlines, manage multiple projects
• Proven capability to build, train, and lead effective teams
• Ambition to succeed and develop a long-term career within one of the world’s largest fund servicing organizations

Education & Preferred Qualifications

• Finance, Accounting, Business Degree would be an asset
• 5+ years working in the provision of PERE fund administration services or have worked in another aspect of the Financial Services Industry for a number of years. (Preferably other service provider / audit or ect.)
• ACCA / CFA qualification would be an asset
• Highly computer literate
• Investran / eFront / Geneva knowledge is an asset.

Work Requirement

Office presence required, hybrid work possible after the initial onboarding

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.

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