State Street

State Street

Posted via Workday

Alternative Fund Accounting, Associate 2

Apply by Nov 27, 2026

Posted Oct 20, 2026

Role at a glance

Job function
Accounting, Tax & Corporate Finance Accounting
Salary
Not yet verified Check the description for pay details; an amount or pay period has not been verified.
Location
Boston, Massachusetts, United States
Employment
Full-time
Education
Education & Preferred Qualifications: Bachelor degree or above

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Role Summary

AI-generated

The fund accountant executes and reports net asset valuations (NAVs) for client funds, identifying, analyzing, and substantiating impacts to the NAV. The role also supports account reconciliations and may involve income distributions, financial statements, or fund audits.

What You'll Do

  • Process and verify subscription and redemption activity for unitized products, and post and monitor expense accruals.
  • Review security transactions and corporate actions; monitor dividend and interest income, accruals, and securities pricing impacts.
  • Perform mark-to-market calculations, disseminate prices, and generate accounting-based reports.
  • Reconcile accounts or review reconciliations prepared by others to help ensure NAV integrity.
  • May assist with income distributions, financial statements, or fund audits.

Generated from the employer's posting. Verify important details before applying.

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Qualifications

Preferred

  • Bachelor degree or above
  • Demonstrate ability to resolve issues and client queries independently and communicate with other teams in English, both verbally and in...
  • Act collaboratively in the team

Original job description

Content provided by the employer

Who we are looking for:

Fund accountants are primarily responsible for the timely and accurate execution and reporting of net asset valuations (NAVs) for our clients’ accounts (funds).


What you will be responsible for:

As Fund accountants are primarily responsible for the timely and accurate execution and reporting of net asset valuations (NAVs) for our clients’ accounts (funds). The fund accountant identifies, analyzes and substantiates impacts to the NAV. Critical functions performed include the processing and verification of all subscription and redemption activity (for unitized products), posting and monitoring of expense accruals, security transaction and corporate action review, monitoring of dividend and interest income and accruals, mark-to-market calculations, monitoring of securities pricing impacts, price dissemination and generating various accounting-based reporting.


What we value:

These skills will help you succeed in this role:

The fund accountant also reconciles various accounts, or reviews reconciliations prepared by others to ensure the integrity of the NAV. Lastly, you may also be involved with income distributions, help prepare financial statements or audit funds.


Education & Preferred Qualifications:

  • Bachelor degree or above
  • Demonstrate ability to resolve issues and client queries independently and communicate with other teams in English, both verbally and in writing;
  • Act collaboratively in the team

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:

$41,600 - $66,560 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.

Employees are eligible to participate in State Street’s comprehensive benefits program, which includes: our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; paid-time off including vacation, sick leave, short term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax advantaged savings plans.

For a full overview, visit https://hrportal.ehr.com/statestreet/Home.


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


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Job Application Disclosure:

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

State Street

About the company

State Street

Large Enterprise

State Street is a leading financial services and bank holding company, headquartered in Boston, Massachusetts. With a strong focus on investment management and servicing solutions, State Street supports institutional investors worldwide by providing services such as asset management, investment research, and trading. Renowned for its commitment to innovation and sustainability, State Street leverages advanced technology and data analytics to enhance investment strategies and customer experiences. The company prioritizes diversity and inclusion within its workforce, reflecting its dedication to fostering a dynamic and collaborative environment.