State Street
Financial Services
AlternativeOpsFundAccounting,Officer
Neural analysis suggests this role is
optimal for Mid candidates.
“Alternative Ops Fund Accounting, Officer at State Street. Skills: Alternatives NAV operations, Fund structures, Distribution waterfalls. Review NAV deliverables. Sign off on reconciliations”
Industry & Context.
Issue escalation
What They're Looking For.
Must Have
4-7 years alternatives operations experience, Proven review and sign-off capability, Deep understanding of Private Markets fund structures, Expertise in distribution waterfalls, Experience reviewing capital account rebalances, Required experience in training staff, Degree in Accounting or Finance
Nice to Have
Experience with Geneva, Experience with Investran
What You'll Do.
Review NAV deliverables
Sign off on reconciliations
Act as escalation point
Challenge accounting treatments
Provide technical guidance
Review capital account rebalances
Support investor true-ups
Ensure adherence to controls
Ensure adherence to procedures
Ensure adherence to standards
Support client discussions
Identify recurring issues
Drive corrective actions
Contribute to standardization
Contribute to continuous improvement
How You'll Work.
Team & Collaboration
Client discussions; Cross-functional teams
Communication Scope
Client discussions
Full Job Description
Job Summary 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 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 Qualifications * 4–7 years of alternatives operations or similar experience * Proven review and sign‑off capability with strong judgment on issue escalation * Deep understanding of Private Markets fund structures, including LP/GP models, commitments, capital calls, distributions, and lifecycle events * Deep understanding of differences between Private Equity, Private Credit, and Real Estate * Strong expertise in distribution waterfalls and carried interest mechanics * Experience reviewing capital account rebalances and investor‑level true‑ups * Required experience in training, coaching, and developing staff * Preferred experience and working knowledge of Geneva and/or Investran * Degree in Accounting, Finance, or a related field # **About State Street*
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