Who we are looking for

As an AIS Hedge NAV Fund Accountant Intern you will be responsible for NAV reporting for our hedge fund clients. You will assist the accounting team in preparing NAV Packs and other reporting of the highest quality and accuracy in a timely manner to meet the needs of our clients. We are looking for a committed individual who will collaborate with other departments to find new solutions for complex business challenges, who is open for improvements and who can take advantage of opportunities. The successful candidate will need to take initiative, exercise independent thinking, maintain an excellent and interactive relationship with team members, global business partners and, most importantly, our clients.

Why this role is important to us

The team you will be joining is in the Alternative Investment Solutions (AIS) department which is a part of State Street. AIS 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.

What you will be responsible for

As Fund Accountant Intern you will:

Review of daily cash, position and market value reconciliations including trade capture and pricing

Assist in the Dealing Date accounting process

Assist in reviewing and resolving reconciliations of portfolio cash and security accounts

Opportunity to work on corporate actions, equities, fixed income, futures, options and swaps and complex financial instruments

During the course of normal day to day operation, responsible for identifying any unusual or potentially suspicious transaction activity and must report and/or escalate in accordance with corporate policy and guidelines detailed in relevant operating procedures.

Adhoc projects.

What we value

These skills will help you succeed in this role:

Good communication and interpersonal skills

Solid team player

Education/Experience requirements:

Pursuing a Degree in Business, Finance, Accounting or related field experience

Candidate must be detail oriented, have the ability to work in a deadline-oriented group with peak period workflow

What we Offer:

A structured learning and development program, specific job-related trainings, professional development and soft skills trainings

A buddy who can offer you their experience, knowledge and guidance throughout your internship.

Dedicated networking events for the Interns

Series of business-related presentations

Leadership Q&A sessions with Senior Management

Possibility to grow your professional network by joining an Employee Committees include Professional Women’s Network, Pride, The Diversity, Disability & Ethnicity Network, ESEN, BeWell, Street Culture, Working Parents Group.

Salary Range:

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.

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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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.