State Street

State Street

Posted via Workday

Alternative Ops Fund Accounting, Associate 2

Apply by Dec 31, 2026

Posted Oct 23, 2026

Role at a glance

Job function
Investments & Capital Markets Investment Operations
Salary
Not Disclosed
Location
Hangzhou, China
Employment
Full-time
Experience
Approx 2 years related experience of relevant experience within fund accounting, fund administration, financial services or alternative investment operations.
Education
Degree in Accounting, Finance, Economics, Business or related discipline.

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Role Summary

AI-generated

This Fund Accounting Associate 2 role supports operational and fund accounting activities for client portfolios within Alternative Investment Solutions, with a focus on investment lifecycle events, operational controls and supporting documentation. The role involves independently managing assigned responsibilities, investigating exceptions and working with internal teams and external stakeholders to deliver timely and accurate service.

What You'll Do

  • Independently process investment lifecycle events, including capital calls, distributions, interest receipts, fee transactions, paydowns...
  • Review and maintain supporting documentation received from agents, administrators and counterparties
  • Support cash processing and cash reconciliation by comparing transaction records against supporting documentation and internal systems
  • Monitor and investigate basic exceptions, missing information and reconciliation breaks
  • Escalate issues and outstanding items promptly to senior team members
  • Support preparation of operational reports and client deliverables

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

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Qualifications

Requires a degree in accounting, finance, economics, business or a related discipline and about 2 years of related experience in fund accounting or alternative investment operations.

Required

  • Degree in Accounting, Finance, Economics, Business or related discipline
  • Approx 2 years related experience within fund accounting, fund administration, financial services or alternative investment operations

Preferred

  • Understanding of alternative investment structures and investment lifecycle events
  • Strong analytical and numerical skills
  • Good Microsoft Excel skills
  • Ability to work independently while managing multiple priorities and deadlines
  • Excellent verbal and written communication skills
  • Strong organisational and time-management skills
  • Demonstrated ability to identify issues, investigate exceptions and escalate appropriately

Original job description

Content provided by the employer

Who we are looking for

Fund Accountant Associate 2 will be responsible for supporting a range of operational and fund accounting activities for the client portfolio. The role requires a strong understanding of investment lifecycle events, operational controls and supporting documentation. The successful candidate will independently manage assigned responsibilities, investigate exceptions and work closely with internal teams and external stakeholders to ensure timely and accurate service delivery.


Why this role is important to us

The team you will be joining is part of Alternative Investment Solutions (AIS), a leading provider of fund accounting, fund administration and operational support services to alternative investment managers and institutional investors.

The team acts as a key coordination and control point across the alternative investment servicing lifecycle. The team connects client requirements with operational execution, helps ensure that investment, transaction, cash, valuation and reporting information is complete and accurate, and drives timely resolution of exceptions. The role is important in maintaining service quality, strengthening the control environment and supporting scalable, technology-enabled delivery across private equity, private credit, fund-of-funds and direct investment structures.


What you will be responsible for

·       Independently process investment lifecycle events, including capital calls, distributions, interest receipts, fee transactions, paydowns and other investment-related activities..

·       Review and maintain supporting documentation received from agents, administrators and counterparties.

·       Support cash processing and cash reconciliation activities by comparing transaction records against supporting documentation and internal systems.

·       Assist in setup and maintenance of investment attributes and operational records within relevant platforms.

·       Monitor and investigate basic exceptions, missing information and reconciliation breaks.

·       Escalate issues and outstanding items promptly to senior team members.

·       Support preparation of operational reports and client deliverables.

·       Maintain accurate audit trails and document management records.

·       Follow established procedures, risk controls and information-security requirements.

·       Participate in process improvement initiatives and support testing activities when required.

 

What we value

This position provides an opportunity to gain exposure to a broad range of alternative investment products and operational activities, including private equity, private credit, fund-of-funds and other complex investment structures. The successful candidate will develop expertise in investment operations, cash management, documentation review and client servicing activities within a global operating environment.

We value:

  • Strong attention to detail
  • Ownership and accountability
  • Problem-solving mindset
  • Effective communication
  • Ability to work under pressure
  • Teamwork and collaboration
  • Continuous improvement mindset

Education and preferred qualifications

  • Degree in Accounting, Finance, Economics, Business or related discipline.
  • Approx 2 years related experience of relevant experience within fund accounting, fund administration, financial services or alternative investment operations.
  • Understanding of alternative investment structures and investment lifecycle events preferred.
  • Strong analytical and numerical skills.
  • Good Microsoft Excel skills.
  • Ability to work independently while managing multiple priorities and deadlines.
  • Excellent verbal and written communication skills.
  • Strong organisational and time-management skills.
  • Demonstrated ability to identify issues, investigate exceptions and escalate appropriately.

Role scope and working relationships

The Associate 2 role is critical in ensuring the completeness, accuracy and timeliness of operational processing while supporting a strong control environment and high-quality client service. The role works closely with middle-office and transaction-processing teams, document management, reconciliation, valuation, financial reporting, audit, technology, product and project-management partners. Responsibilities may vary by client, investment type and target operating model.


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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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.