Role at a glance
- Salary
- Not Disclosed
- Location
- Hangzhou, China
- Work arrangement
- On-site
- Employment
- Full-time
- Experience
- This role requires strong communication, staff management and client serving skills as well relevant industry experience. Candidates must have a college degree (business, accounting, economics, mathematics, finance and at least 5 years of accounting and/or financial service operations experience. Education & Preferred Qualifications: Accounting background is preferred; Familiar with PE/RE funds and market; 5+ years’ experience in Fund Accounting; big four/ fund house / accounting firm work experience is preferred; CPA/ ACCA a plus (at least in processing); Candidates with long periods at the same companies;
- Education
- Candidates must have a college degree (business, accounting, economics, mathematics, finance and at least 5 years of accounting and/or...
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Role Summary
The Fund Accounting Officer oversees teams responsible for timely and accurate fund administration and manages daily workflow for client relationships. The role includes reviewing fund accounting deliverables, developing staff, maintaining controls, and driving operational and client-focused projects.
What You'll Do
- Plan, schedule, and manage daily workflow for one or more client relationships.
- Review bookkeeping, capital call and distribution packages, financial statements, bank reconciliations, partners’ capital account...
- Facilitate the start-up of new funds and conversion of new clients, including planning.
- Monitor team operations and deliverables, identify risks, improve processes, and arrange work across the team.
- Ensure controls and procedures are followed, recommend changes, and oversee staff selection, training, and performance feedback.
- Drive projects including management reporting, BCP and risk initiatives, and ad hoc work intended to enhance client satisfaction or...
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View full postingQualifications
Requires a college degree in the listed fields and at least 5 years of accounting and/or financial service operations experience. The role requires communication, staff management, client-serving, and relevant industry skills, along with attention to detail, an owner's mindset, logical thinking, learning ability, responsibility, and teamwork.
Preferred
- Accounting background.
- Familiarity with PE/RE funds and the market.
- 5+ years’ experience in Fund Accounting.
- Big Four, fund house, or accounting firm work experience.
- CPA or ACCA (at least in processing).
- Long periods at the same companies.
- Strong English and communication skills.
- Good interpersonal skills and team spirit; effective communication, organizational, and negotiation skills.
Original job description
Content provided by the employer
Original job description
Content provided by the employer
Who we are looking for:
The Officer is responsible for overseeing several teams and ensuring team compliance with operating policies, procedures and guidelines in the timely completion of accurate Fund administration. They are also responsible for team development and staff management, including the interview and hiring process and also performance review and assessment. . In addition the Officer will also be involved with and drive projects such as the provision of management reporting, BCP and Risk initiatives, as well as ad hoc project work with the objectives of enhancing client satisfaction or wining operational efficiencies.
Why this role is important to us:
The team you will be joining is a part of International Fund Services (IFS), acquired by State Street in July 2002. IFS, also known as Alternative Investment Solutions is a recognized industry-leading provider of fund accounting, fund administration and risk services to hedge funds and private equity funds. These services are fully integrated to provide complete end-to-end solutions that span the front-, middle- and back-office requirements of institutional investors.
Join us if making your mark in the alternative investment industry from day one is a challenge you are up for.
What you will be responsible for:
As Fund Accounting, Officer you will
- Plans, schedules, and manages the daily workflow of one or more client relationships;
- Professionally review 6 processes, including bookkeeping, capital call/ distribution package (schedule/ notices/ driver report), financial statements (balance sheet/ income statement/ schedule of investment and other required financial statements), bank reconciliation, partners’ capital account statements, client reports (audit confirmation, deal slip, LP reports, cash ledger, LP register, etc.)
- Facilitates the successful start-up of new funds and conversion of new clients. Ensures thorough, proper planning;
- Monitoring team daily operations, be able to aware of potential risks and make improvement of the process; professionally organize 1:1 meeting with team members; work closely with manager and timely provide feedbacks and valuable suggestions; confidently and efficiently communicate with home site, maintain good relationship with home site;
- Be able to professionally resolve issues and provide help to colleagues, maintain the healthy relationship within the team;
- Monitor the deliverables, ensuring the accuracy and timeliness of deliverables; be able to flexibly arrange work among the team;
- Ensures all controls and procedures are adhered to as well as makes recommendations for changes;
- Ensures all personnel are appropriately selected, thoroughly trained and given timely and complete performance evaluation feedback;
- Develop internal training classes with the training liaison;
- Maintains positive relationships with home site;
- Build a collaborative relationship with inter-departmental contacts and achieve business goals;
- Other special projects or tasks assigned;
What we value:
This role requires strong communication, staff management and client serving skills as well relevant industry experience.
Candidates must have a college degree (business, accounting, economics, mathematics, finance and at least 5 years of accounting and/or financial service operations experience.
Education & Preferred Qualifications:
- Accounting background is preferred;
- Familiar with PE/RE funds and market;
- 5+ years’ experience in Fund Accounting; big four/ fund house / accounting firm work experience is preferred;
- CPA/ ACCA a plus (at least in processing);
- Candidates with long periods at the same companies;
- Strong English and communication skills;
- Strong problem solving and analytical skills;
- Detail-oriented, owner’s mindset, logical thinking, strong learning ability, sense of responsibility and team work are required;
- Good interpersonal skill and team spirit; effective communication, organizational and negotiation skills;
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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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.